Press release
Ostomy Care Accessory Market Size Worth US$ 1,287.9 Million with 7.5% CAGR by 2034: Fact.MR Report
Ostomy Care Accessory Market
What are the Major Restraints to the Growth of the Ostomy Care Accessory Market?
"Limited Knowledge and Awareness regarding the subject likely to Strain Market Growth"
The ostomy care accessory market faces challenges such as high costs, limited awareness, stigma, and psychological barriers. Regulatory hurdles, payment issues, and uneven product availability across regions also restrict growth. Addressing these obstacles is essential to ensure accessible and inclusive ostomy care globally.
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Country-wise Insights
Demand for ostomy care accessories is growing rapidly in North America and Latin America. In 2024, North America is expected to hold a 34.1% market share, driven by advanced technologies like smart monitoring systems, sustainability efforts, strong healthcare infrastructure, and specialized support services.
Meanwhile, Latin America is projected to capture a 5.8% market share by 2024, fueled by increased adoption of innovative devices, greater awareness of ostomy care, improved healthcare access, economic growth, and a focus on patient-centered solutions.
Category-wise Insights
The belts, tapes, and adhesives segment is expected to hold a 31.6% market share in 2024 and grow at a 7.7% CAGR during the forecast period.
This segment is expanding globally due to its crucial role in ensuring secure and comfortable ostomy pouching systems. These products enhance support, minimize leak risks, and improve overall adhesion to the body. Innovations in skin-friendly adhesives also reduce discomfort and enable longer wear times.
Competitive Landscape
Leading companies in the global ostomy care accessory market are leveraging advanced technologies to improve product performance and user experience. Innovations include smart pouching systems with real-time sensor monitoring, skin-friendly adhesives to reduce discomfort, and compact, discreet designs for enhanced comfort.
Sustainability is also a priority, with eco-friendly packaging and materials reflecting a commitment to environmental responsibility. These advancements aim to meet the unique needs of ostomy patients, enhancing quality of life while ensuring privacy, convenience, and overall well-being.
Key players in this market include Coloplast Corp., ConvaTec Inc., Hollister Incorporated, Marlen Manufacturing & Development Company, Perma-Type Company, Inc., Nu-Hope Laboratories, Inc., Perfect Choice Medical Technologies, Fortis Medical Products, AdvaCare Pharma, Schena Ostomy Technologies, Inc., and Cymed.
Some key developments in this market are:
In 2023, Coloplast announced an investment of approximately 700 million DKK to establish a new production facility in Portugal. This facility will manufacture Coloplast's intermittent catheters, which are essential for patients with urine retention issues-such as those with spina bifida or spinal cord injuries-who cannot empty their bladder naturally. The new site aims to meet the rising global demand for these catheters, particularly focusing on Europe, which represents Coloplast's largest market and revenue source.
Also in 2023, ConvaTec's InnovaBurn placental extracellular matrix (ECM) medical device received FDA approval in the United States. Designed to treat burns and complex surgical wounds like second-degree partial-thickness burns, InnovaBurn is a xenograft part of the InnovaMatrix platform. It accounts for genetic variability as well as environmental and lifestyle factors such as diet and exercise. The device is used to treat traumatic cuts, dehisced incisional wounds, post-surgical incisions, pressure and venous ulcers, post-Mohs surgical wounds, and diabetic ulcers.
Browse Full Report: https://www.factmr.com/report/ostomy-care-accessory-market
Segmentation of Ostomy Care Accessory Market Research
By Product Type:
Belts, Tapes, Adhesives
Convex Inserts
Irrigation Sets & Sleeves
Skin Protection and Skin Barriers
Stoma Caps
By Application:
Drainage
Sealing
Lubrication
Cleansing
By End User:
Hospitals
Ambulatory Surgical Centres
Home Care Settings
By Region:
North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Middle East and Africa
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