Ostomy/Stoma Care and Accessories Market to Hit USD 4.23 Bn by 2026; Evolving Government Guidelines for Ostomy Management to Fuel the Market: Fortune Business Insights™

Key Companies Covered in the Ostomy Care and Accessories Market Research Report are Welland Medical Limited, ALCARE Co., Ltd., PAUL HARTMANN AG, ConvaTec Inc., Salts Healthcare, B. Braun Melsungen AG, Hollister Incorporated, Coloplast Corp and other key market players.

Pune INDIA


Pune, March 13, 2020 (GLOBE NEWSWIRE) -- The global ostomy/stoma care and accessories market size is anticipated to reach USD 4.23 billion by 2026, exhibiting a CAGR of 5.2% during the forecast period. Increasing initiation of awareness campaigns by various organizations will majorly boost the prospects of this market, states Fortune Business Insights™ in its recent report, titled “Ostomy/Stoma Care and Accessories Market Size, Share & Industry Analysis, By Product [Ostomy Bags (One-piece and Two-piece) and Accessories], By Procedure (Colostomy, Ileostomy, and Urostomy), By End User (Hospitals, Home Care, and Specialty Clinics) and Regional Forecast, 2019-2026”.

Stoma refers to an opening in the abdomen to provide an outlet for waste to exit the body, instead of it leaving through the digestive tract. These openings are created when the bladder or the bowel or both need to be operated upon or removed. Unfortunately, awareness regarding stomas and ostomies is shockingly low around the world, which has prompted many organizations to initiate awareness drives to instill knowledge about these procedures among common people.


For more information in the analysis of this report, visit:
https://www.fortunebusinessinsights.com/ostomy-stoma-care-and-accessories-market-102425


For instance, the International Ostomy Association created the World Ostomy Day in 2010, celebrated on the first Saturday of October every year. Besides this, one of the other leading ostomy/stoma care and accessories market trends is the donations given by different bodies and associations. For example, Friends of Ostomates Worldwide Canada is renowned for supplying 50,000 kg of stoma supplies to nearly 52 countries.

The stoma care market report finds that the value of this market stood at USD 2.81 billion in 2018. The report additionally provides the following:

  • Careful segmentation of the market;
  • Detailed study of all individual segments;
  • In-depth assessment of all factors positively and negatively impacting the market; and
  • Exhaustive research into the regional dynamics and competitive milieu shaping the market.

Market Restraint

Improper Reimbursement for Unique Health Conditions to Impede Market Growth

The ostomy care market growth is likely to be hampered by the disorganized nature of reimbursement, especially for complicated procedures. Studies have found the UK’s famed National Health Service (NHS) has overbilled or wrongly billed patients, causing unnecessary stress to patients and their families. Furthermore, research conducted by the Medicare Learning Network found that clumsy and careless billing led to an overpayment by patients worth $92.4 million in the US in 2018. As a result, ambiguous and unclear reimbursement and billing processes are emerging as major disincentives for patients who need to undergo complicated procedures such as ostomies. Another factor hindering the growth of this market is the risks associated with these procedures. For instance, a colostomy can cause damage to other organs, lead to internal bleeding, give rise to a hernia, or even cause an infection.   


Request a Sample Copy of the Research Report:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/ostomy-stoma-care-and-accessories-market-102425


Regional Analysis

Strong Presence of Major Players to Drive the Market in Europe

Having generated USD 1.38 billion in revenue in 2018, Europe is slated to dominate the ostomy/stoma care and accessories market share in the coming years. One of the main reasons for the region’s leading position is the well-established presence of industry pioneers such as Welland Medical and B. Braun Melsungen. In addition to this, governments in European countries are taking definitive steps to improve stoma care, including upskilling of nurses in these procedures.

Increasing number of stoma surgeries and rising awareness about ostomies will be the two key factors propelling the market in North America, according to the ostomy/stoma care and accessories market report. On the other hand, the market in Asia-Pacific is expected to grow substantially as the geriatric population in Japan, India, and China is projected to increase considerably in the next few decades.


Competitive Landscape

Participation of Key Companies in Spreading Stoma Awareness to Create New Dimensions in the Market

Key players in this market are shifting their focus toward creating awareness about stoma and ostomy care, the ostomy care and accessories market analysis says. To that end, companies are partnering with various organizations and bringing in new perspectives in the market competition.

Industry Developments:

  • October 2019: US-based Hollister Incorporated participated in the Ostomy Awareness Day by extending its support to the United Ostomy Associations of America (UOAA). The company announced that it would be the exclusive Diamond Sponsor for the UOAA’s yearly Run for Resilience Ostomy 5K event.

  • July 2019: The Danish multinational Coloplast expanded its SenSura® Mio product line through the addition of SenSura® Mio Kids and SenSura® Mio Baby. The new offerings have been specially designed and developed for babies born prematurely and kids. 


List of Companies Profiled in the Ostomy/Stoma Care and Accessories Market Report:

  • Welland Medical Limited
  • ALCARE Co., Ltd.
  • PAUL HARTMANN AG
  • ConvaTec Inc.
  • Salts Healthcare
  • B. Braun Melsungen AG
  • Hollister Incorporated
  • Coloplast Corp


Have Any Query? Ask Our Experts:
https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/ostomy-stoma-care-and-accessories-market-102425


Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Number of Ostomy Surgery – For Key Countries
    • Incidence of Colon Cancer - For Key Countries/Regions
    • Incidence of Bladder Cancer - For Key Countries/Regions
    • New Product Launches
    • Key Industry Developments - Mergers, Acquisitions, and Partnerships
  • Global Ostomy/ Stoma Care and Accessories Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Product
      • Ostomy Bags
        • One-piece
        • Two-piece
      • Accessories
    • Market Analysis, Insights and Forecast – By Procedure
      • Colostomy
      • Ileostomy
      • Urostomy
    • Market Analysis, Insights and Forecast – By End User
      • Hospitals
      • Home Care
      • Specialty Clinics
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East & Africa

TOC Continued….!


Request for Customization:  
https://www.fortunebusinessinsights.com/enquiry/customization/ostomy-stoma-care-and-accessories-market-102425


Have a Look at Related Reports:

Germany Home Healthcare Market Size, Share and Trend By Product (Continence Care, Ostomy Care, Clinical Nutrition, Wound Care, Respiratory Care, Equipment & Housekeeping Supplies) & Geography Forecast till 2026

U.K. Home Healthcare Market, Share and Global Trend Product By Product (Continence Careand,Ostomy Care, Clinical Nutrition, Respiratory Care, Equipments & Housekeeping Supplies, Disposables) and geography forecast 2026

Netherland Home healthcare Market Size, Share and Global Trend By Product (Continence Care, Wound Care, Ostomy Care, Clinical Nutrition, Respiratory Care, Equipment & Housekeeping Supplies, Disposables) and Geography Forecast till 2026

Urology Implants and Devices Market Size, Share and Global Trend By Product Type (Endoscopes, Lithotripsy Devices, Urodynamic Systems, UrOstomy Bag, Endo Vision Systems & Peripheral Instruments, Urology Implants), By Disease (Kidney Disorders, Urology Cancers, Urinary Tract Disorders, Pelvic Organ Prolapse), By End User (Hospitals, Pharmacies, Ambulatory Surgery Centers (ASC)) and Geography Forecast till 2026

Wearable Medical Devices Market Size, Share and Global Trend By Product (Diagnostic & Patient Monitoring Wearable Medical Devices, Therapeutic Wearable Medical Devices), By Application (Remote Patient Monitoring and Home Healthcare, Sports and Fitness), By Distribution Channel (Retail Pharmacies, Online Pharmacies, Hypermarkets) and Geography Forecast till 2026

Drug Delivery Devices Market Size, Share & Industry Analysis, By Route of Administration (Injectable, Nasal, Topical & Transdermal, Oral and Others), By Type (Conventional and Advanced), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies) and Regional Forecast, 2019-2026

Nasal Drug Delivery Devices Market Size, Share and Industry Analysis, By Type (Dry Powder Inhalers (DPIs), Metered Dose Inhalers (MDIs), and Nebulizers), By Application (Asthma, Chronic Obstructive Pulmonary Disease (COPD), and Others), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies) and Geography Forecast till 2026

Dialysis Market Size, Share & Industry Analysis, By Type (Products and Services), By Dialysis Type (Hemodialysis and Peritoneal Dialysis), By End User (Dialysis Centers & Hospitals and Home Care), and Regional Forecast, 2019-2026

Diabetes Devices Market Size, Share & Industry Analysis, By Device Type (Blood Glucose Monitoring Systems, Treatment), By Distribution Channel (Institutional Sales, Retail Sales), and Regional Forecast, 2019-2026

Antiviral Drugs Market Size, Share & Industry Analysis, By Drug Class (Protease Inhibitors, Polymerase Inhibitors, Integrase Inhibitors, Combination Drugs, Reverse Transcriptase Inhibitors, and Others), By Disease Indication (Hepatitis, Human Immunodeficiency Virus (HIV), Influenza, and Others), By Distribution Channel (Hospital Pharmacy, Retail Pharmacy, and Online Channel) and Regional Forecast, 2019-2026

Incontinence Care Products Market Size, Share & Industry Analysis, By Product Type [Non-Absorbents (Catheters, Slings, Drainage Bags, Stimulation Devices, and Others) and Absorbents (Underwear & Briefs, Drip Collectors & Bed Protectors, and Pads & Guards)], By Gender (Male and Female), By Usage (Reusable and Disposable), By Distribution Channel (Institutional Sales, Retail Stores, and Online Channels) and Regional Forecast, 2019-2026

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs

Press Release: https://www.fortunebusinessinsights.com/press-release/ostomy-stoma-care-and-accessories-market-9658