Growth in the European segment primarily driven by rise in incidences of colorectal cancer, bladder cancer, and IBD (inflammatory bladder disease) and well-developed reimbursement systems in European countries.
Complete report on Stoma Care and Ostomy Care Market spread across 174 Pages, Profiling 9 Companies and Supported with 95 Tables and 8 Figures is now available at www.reportsnreports.com/reports/62…cast-to-2021.html
The global Stoma Care and Ostomy Care market is expected to reach USD 3.41 Billion by 2021 from USD 2.62 Billion in 2016 at a CAGR of 5.4% from 2016 to 2021. The global stoma care market is broadly classified into product, type of usability, type of end user, and region.
The growth of this market segment is mainly due to the rise in patients suffering from colon cancer and aging population.
Target Audience for this Report:
- Ostomy Bags and Accessories Manufacturers
- Ostomy Bags and Accessories Distributors
- Research and Consulting Firms
- Venture Capitalists
- Regulatory Bodies
Stoma Care and Ostomy Care Market Based on type of bags, two-piece bags are expected to witness highest growth rate due to their increased flexibility and effective fitting options.Based on usability, reusable/drainable bags segment is expected to witness highest growth in ostomy care bags market.
This growth is attributed to cost benefits associated with reusable/drainable ostomy bags.
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Major factors driving growth of Stoma Care and Ostomy Care market are growing aging population, rise in the number of ostomy surgeries due to the rising incidence of bowel/bladder cancer and Crohn's disease, rise in awareness towards ostomy care products and technological advancements. On other hand, unstable reimbursement systems are expected to restrain market growth during forecast period.
2 Market Share Analysis
3 Key Growth Strategies
4 New Product Launches
5 Product Enhancements
The key players in ostomy care market are Coloplast (Denmark), Convatec (U.S.), Hollister (U.S.), B. Braun (Germany), Alcare (Japan), Marlen Manufacturing (U.S.), 3M (U.S.), Smith & Nephew (U.K.), and Nu-Hope Laboratories (U.S.).
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Geographically, the Stoma Care and Ostomy Care market is dominated by Europe, followed by North America, Asia, and the Rest of the World (RoW). In the coming five years, the growth rate of the stoma care market is estimated to be the highest in Asia.
The growth of this region can be attributed to the increasing aging population, rise in the incidences of colorectal cancer, bladder cancer, and IBD (inflammatory bladder disease), and increase in medical tourism.