Dublin, Nov. 15, 2023 (GLOBE NEWSWIRE) -- The "Ostomy Care And Accessories Market Size, Share & Trends Analysis Report By Product (Bags, Accessories), By Application (Colostomy, Ileostomy, Urostomy), By End-use (Home Care Settings, Hospitals), By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global ostomy care and accessories market size is expected to reach USD 5.31 billion by 2030, registering a CAGR of 5.3% from 2023 to 2030. Increasing prevalence of colorectal and bladder cancer, technological advancements, increasing demand for sterile products in various healthcare, and homecare settings coupled with the rise in geriatric population are key contributors to the market growth. 
Advancements in product technology such as improved adhesive systems and innovative pouch designs by various key manufacturers through different strategic initiatives will further drive the market growth. For instance, in March 2021, Colplast has been awarded a contract for ostomy products with Vizient, Inc. Through this agreement Vizient members will get easy access with contracted pricing to Coloplast's full product portfolio of ostomy products, including bags and accessories like barrier rings, stoma caps, pouch covers, and other accessories. Furthermore, this agreement will strengthen the company presence across healthcare organizations, and hospitals. Additionally, this further enable them to provide their services and products to large number of users in the U.S. Due to such activities the demand for ostomy care and accessories will increase in near future.
Some of the companies operating in the U.S. ostomy care & accessories market are Coloplast, Hollister Incorporated, Convatec Group, among others. These companies offer a wide range of products, consumables, and compete based on factors such as product quality, pricing, innovation, & distribution networks.
Market Report Highlights
- Based on product, ostomy bags segment dominated the market in 2022 with a largest revenue share of around 85% owing to increasing cases of urological ailments, such as chronic kidney disease, Inflammatory Bowel Disease, and bladder control problems. Ostomy bags segment is further sub segmented into one piece and two-piece bags.
- On the basis of application, colostomy segment dominated the market in 2022 with the largest revenue share of around 45% due to rising geriatric population and high prevalence of colorectal cancer.
- The home care settings segment dominated the market and held the largest revenue share of around 45% in 2022, owing to increase in demand of ostomy care products for home care and patient-centric healthcare services.
- Europe dominated the market and accounted for the largest revenue share of over 45% in 2022 owing to the high incidence rate of Crohn's disease & ulcerative colitis in this region. According to the Journal of Crohn's and Colitis, 0.3% of the total population in Europe suffers from IBD.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 121 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $3.52 Billion |
| Forecasted Market Value (USD) by 2030 | $5.31 Billion |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Ostomy Care And Accessories Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Market Dynamics
3.4. Ostomy Care And Accessories Market Analysis Tools
Chapter 4. Ostomy Care And Accessories: Product Estimates & Trend Analysis
4.1. Ostomy Care And Accessories Market, Key Takeaways
4.2. Ostomy Care And Accessories Market: Movement & Market Share Analysis, 2022 & 2030
4.3. Bags
4.3.1. Bags market estimates and forecasts, 2018 to 2030 (USD Million)
4.3.1.1. One piece
4.3.1.2. Two piece
4.4. Accessories
4.4.1. Accessories market estimates and forecasts, 2018 to 2030 (USD Million)
4.4.1.1. Seals/barrier rings
4.4.1.2. Pouch cover
4.4.1.3. Pouch closures
4.4.1.4. Stoma caps/hat
Chapter 5. Ostomy Care And Accessories: Application Estimates & Trend Analysis
5.1. Ostomy Care And Accessories Market, Key Takeaways
5.2. Ostomy Care And Accessories Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Colostomy
5.4. Ileostomy
5.5. Urostomy
Chapter 6. Ostomy Care And Accessories: End-use Estimates & Trend Analysis
6.1. Ostomy Care And Accessories Market, Key Takeaways
6.2. Ostomy Care And Accessories Market: Movement & Market Share Analysis, 2022 & 2030
6.3. Home Care Settings
6.4. Hospitals
Chapter 7. Ostomy Care And Accessories Market: Regional Estimates & Trend Analysis
7.1. Regional Outlook
7.2. Ostomy Care And Accessories Market by Region: Key Takeaway
Chapter 8. Competitive Landscape
- Coloplast Corporation
- Hollister Incorporated
- B. Braun SE
- Convatec Group PLC
- Welland Medical Limited.
- Salts Healthcare Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/j3bfgu
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