Global Ostomy Care Accessories Market, 2015 to 2021

Transcription

Global Ostomy Care Accessories Market, 2015 to 2021
Global Ostomy Care Accessories Market, 2015 to 2021
Persistence Market Research
Global Ostomy Care Accessories Market to
Exceed US$ 503.7 Mn by 2021, driven by
Technological Innovations and Increasing
Incidences of Gastrointestinal Diseases:
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Global Ostomy Care Accessories Market, 2015 to 2021
Persistence Market Research Released New Market Report According to a new market report
published by Persistence Market Research “Global Market Study on Ostomy Care
Accessories: High Demand for Safety and Ease Of Use Accessories to Drive the
Market During the Forecast Period ”, the ostomy care accessories market has been
estimated to be valued at US$ 347.2 Mn by the end of 2015, and is expected to expand at a
CAGR of 6.8% during the forecast period (2015-2021) to account for US$ 503.7 Mn by 2021.
Ostomy care accessories are designed to enhance performance and comfort of an ostomy
pouching system. There are various types of ostomy care accessories such as skin protection
& skin barriers, belt, tapes and adhesives, irrigation sets & sleeves, convex inserts and
stoma caps. Irrigation sets and sleeves may be used by some colostomies to reduce or
eliminate the need to constantly wear a colostomy bag by cleaning stool directly out of the
colon through the stoma. Stoma capes are small sized plastic cups or closed pouches that
are worn for a short period of time for occasions such as swimming, playing sports, or during
intimate moments where patient do not want to wear ostomy pouch as these are big in size
and have high visibility. Stoma capes can also be used after irrigation when output has
become predictable.
Ostomy care accessories market is growing mainly driven by increasing number of
ostomates, technological advancement, and product innovation, and increasing the
incidence of gastrointestinal disease. Also, rising awareness about ostomy care accessories
available in the market and growing aging population are fuelling the growth of ostomy care
accessories market globally. Ostomy care accessories find various applications such as
sealing, cleaning, drainage, and lubrication. Stoma sealing helps reduce the risk of leakage.
The cleansing application includes accessories that protect the skin and gently clean the
stoma. Drainage application includes accessories such as irrigation sets and sleeves that are
used by the colostomies who do not want to wear colostomy bag by cleaning stool directly
out of the colon through the stoma. Lubrication is the ostomy care application that helps
ensure that the content is always at the bottom of the bag and not around your stoma.
Ostomy care accessories are used by various end users such as hospitals, ambulatory
surgical centers, and home care settings.
Rising number of campaigns to raise awareness about ostomy is a major factor expected to
further drive overall growth of the ostomy care accessories market over the forecast period.
However, lack of awareness in developing countries, increasing pricing pressure and
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Global Ostomy Care Accessories Market, 2015 to 2021
unfavorable reimbursement scenario in certain developed countries are some of the major
factors that restrict the growth of the market.
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Increasing partnerships between manufacturers and distributors, growing market share of
domestic players, increasing sales through alternative/non-conventional channels such as
the Internet, reducing operating cost by moving production to countries with low labor costs,
extensive R&D activities, and increasing adoption of alcohol-free ostomy accessories are
some of the trends observed in the global ostomy care accessories market.
By region, Europe has been estimated to dominate the ostomy care accessories market with
over 42.1% share by 2015 end and is expected to remain dominant throughout the forecast
period. Skin protection and skin barriers are the largest segment in global ostomy care
accessories market. The global skin protection and skin barriers segment are expected to
increase at a CAGR of 6.6% in terms of value during the forecast period. Belt, tapes and
adhesives are the second-largest segment in the global ostomy care accessories market and
is expected to expand at a CAGR of 6.8% in terms of value during the forecast period.
Asia-Pacific represents the most lucrative market, followed by North America for ostomy care
accessories This is primarily due to increase awareness about ostomy care accessories
available in the market, growing operational activities by key players and rising demand for
better healthcare facilities in India, China, Bangladesh, Philippines and Indonesia. Asia Pacific
has been estimated to account for 15.1% market share in the global ostomy care
accessories market in 2015, which is expected to increase to 15.6% market share by 2021.
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Global Ostomy Care Accessories Market, 2015 to 2021
Key market players covered in this report are Coloplast Corp., ConvaTec Inc., Hollister Inc.,
EuroMed Inc., 3M, Smith & Nephew, FNC Medical, Nu-Hope Laboratories, Inc., Marlen
Manufacturing & Development Torbot Group Inc and Cymed Ostomy Co. These players have
been profiled on the basis of various attributes such as company overview, recent
developments, growth strategies, SWOT analysis and sustainability.
The ostomy care accessories market is segmented as follows:
By Product Type:

Belts, Tapes, Adhesives

Skin Protection and Skin Barriers

Irrigation Sets & Sleeves

Convex Inserts

Stoma Caps
By Application Type:

Sealing

Cleansing

Lubrication

Drainage
By End User:

Hospital

Ambulatory Surgical Centers

Home Care Settings
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Global Ostomy Care Accessories Market, 2015 to 2021
By Region:

North America

Latin America

Europe

Asia Pacific

The Middle East & Africa
Market History:
Ostomy is a surgical procedure to create an opening from the urinary tract or intestines as a
way for waste products to leave the body, that is collect by ostomy pouches. There is three
type of ostomy namely colostomy, ileostomy and urostomy. Ostomy care accessories are
designed to enhance wear time and improve a performance of ostomy pouches. Ostomates
use these accessories as per their requirement such to avoid leakage issues, prevent odor
and for support. Ostomy care accessories include products such as belt, tapes, adhesives,
skin protection & skin barriers, irrigation sets, convex inserts, and stoma caps. Belt, tapes,
and adhesives are ostomy accessories that help to hold ostomy pouch and wafer on the
body, by enhancing pouching system adhesion. These accessories provide a sense of
security during regular wear or during activities. Skin protection and skin barrier accessories
are used to protect the sensitive areas around stoma sites under the wafer and allow the
wafer to stick properly.
Increasing ostomies among the geriatric population, technological innovation and increasing
the incidence of gastrointestinal diseases across the world are major factors leading to
increased demand for ostomy care accessories. Also, rising number of campaigns to raise
awareness about ostomy are expected to boost demand in developing regions, thereby
fuelling the growth of the ostomy care accessories market. However, increasing pricing
pressure and unfavorable reimbursement scenario in certain developed countries are some
of the factors expected to hamper the growth of the global ostomy care accessories market.
Major trends in the ostomy care market include growing market share of domestic players,
increasing partnerships between manufacturers and distributors, extensive R&D activities,
increasing sales through alternative/non-conventional channels such as the Internet,
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Global Ostomy Care Accessories Market, 2015 to 2021
reducing operating cost by moving production to countries with low labor costs and
increasing adoption of alcohol-free ostomy accessories.
The global ostomy care accessories market was valued at US$ 328 Mn in 2014 and is
projected to account for US$ 503.7 Mn by the end of 2021. The market is anticipated to
expand at a CAGR of 6.8% in terms of value during 2015–2021. Rising demand for better
healthcare facilities after post-operative surgeries and increasing various gastrointestinal
diseases are expected to positively affect the growth of the ostomy care accessories market
across the globe.
Key market players covered in this report are Coloplast Corp., ConvaTec Inc., Hollister Inc.,
EuroMed Inc., 3M, Smith & Nephew, FNC Medical, Nu-Hope Laboratories, Inc., Marlen
Manufacturing & Development Torbot Group Inc and Cymed Ostomy Co. Major players in
ostomy care accessories market focus on enhancing their global and regional presence
through strategic acquisitions and mergers and operational expansion.
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Global Ostomy Care Accessories Market, 2015 to 2021
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