The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Ostomy Care Pouch market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Ostomy Care Pouch
The report offers actionable and valuable market insights of Ostomy Care Pouch. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Ostomy Care Pouch Market across various industries and regions.
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According to Fact.MR, the global ostomy care market is anticipated to be valued at over US$ 3 Bn in 2021, likely to grow 1.6x through 2031 to reach US$ 5.3 Bn. The ostomy care market continues to expand at a steady pace owing to the rapidly growing geriatric population and a constant spike in the number of ostomy surgeries in bladder cancer, inflammatory bowel diseases, and bowel cancer.
Manufacturers are anticipated to capitalize on the ever surging popularity of ostomy bags and pouches, as they are easy to carry and dispose of. As per statistics provided by the Centers for Disease Control and Prevention, an estimated 1.3% of U.S adults, or 3 million people, were diagnosed with IBD- either Crohn’s disease or ulcerative colitis in 2015. This number is projected to grow exponentially by 2030. Hence, patients are opting for ostomy care on a large-scale.
This newly published and insightful report sheds light on Market Insights of Ostomy Care Pouch, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Ostomy Care Pouch Market.
Key Segments Covered
- Ostomy Pouches
- One Piece Pouch
- Two Piece Pouch
- Ostomy Accessories
- Ostomy Belts & Tapes
- Ostomy Skin Protection & Skin Barrier Accessories
- Ostomy Irrigation Sets
- Ostomy Convex Inserts
- Ostomy Stroma Caps
- Ostomy Pouches
- Ostomy Type
- End User
- Ostomy Care in Homecare Settings
- Ostomy Care in Hospitals
- Ostomy Care in Ambulatory Surgical Centers
- Ostomy Care in Specialized Clinics
- Ostomy Care for Cancer
- Ostomy Care for Inflammatory Bowel Disease
- Ostomy Care for Bowel Obstruction
- Ostomy Care for Fecal Incontinence
- Ostomy Care for Trauma & Infection
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The global ostomy care market is highly competitive in nature. Amid the growing competition in the ostomy care market, leading players have shifted their focus on launching ostomy bags with convex shapes and multiple flanges.
These are not only easy to attach to the stomach due to their good fixing capacity, but also ensure that bags tie to the stomach properly, providing comfort to the patient.
While the market forerunners are focusing on strengthening their market position, the market entrants are increasingly eying the launch of pediatric ostomy bags to garner traction in the competitive ostomy treatment market.
- In March 2021, the Coloplast group announced that it was awarded a contract for ostomy products with Vizient, Inc. (Irving, TX). The new agreement allows Vizient members access with contracted pricing to Coloplast’s full portfolio of ostomy products, including ostomy pouches and supporting products.
- In January 2020, ConvaTec Group Plc announced the launch of ConvaMax™ the NEW superabsorber dressing. ConvaMax™ superabsorber manages excess moisture to help protect skin integrity2. Where there is a real risk of skin damage due to high levels of exudate, ConvaMax™ is ideal.
Key Takeaways from the Market Study
- 80% of overall demand likely to be stimulated by ostomy care pouches by product type
- Skin protection & skin barriers to account for substantial portion of ostomy care product sales, holding 45% of market value
- Inflammatory bowel disease management to remain primary application area, account for 3/5th of overall demand
- U.S to dominate the North American market, expanding at a CAGR of 7.5% until 2031
- Germany to propel demand in Europe, expanding at an impressive 8% CAGR.
- Japan is projected to hold a significant share across the Asia-Pacific region.
- India to remain lucrative market, yielding 18% revenue share in 2021
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More Valuable Insights on Ostomy Care Pouch Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Ostomy Care Pouch, Sales and Demand of Ostomy Care Pouch, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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