What is Colostomy Kit?
Colostomy kit is a specially designed kit used for closed colostomy management. It has a flange with a hypo-allergic adhesive that prevents skin maceration. It has manufactured with the use of clinical-grade PVC material. The colostomy is a procedure that brings one end of the large intestine through the abdominal wall.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | 3M Company (United States), B. Braun (Germany), Coloplast (Denmark), Flexicare Medical Ltd (United Kingdom), ConvaTec Group PLC (United Kingdom), Hollister Co. (United States), Oakmed Healthcare (United States), TG Eakin (United Kingdom), Welland Medical (United Kingdom) and BAO-Health (China) |
The study covers a detailed analysis segmented by key business segments i.e. by type (One-piece System, Two-piece System, Closed Bags and Drainable Bags) and major geographies. Research Analyst at AMA predicts that Global Players will contribute to the maximum growth of Global Colostomy Kit market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Colostomy Kit market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are 3M Company (United States), B. Braun (Germany), Coloplast (Denmark), Flexicare Medical Ltd (United Kingdom), ConvaTec Group PLC (United Kingdom), Hollister Co. (United States), Oakmed Healthcare (United States), TG Eakin (United Kingdom), Welland Medical (United Kingdom) and BAO-Health (China).
Market Overview:
In 2021, ConvaTec and Vizient signed a three-year contract for ostomy care products. The deal will help ConvaTec grow its market presence.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations.
Colostomy Kit Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increased Number of Colostomy Procedures
- Rise in the Number of Diagnostic Centres and Hospitals
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Major Trends | - High Demand for Technologically Advanced Products
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Restraints | - Fluctuations in the Raw Material Prices
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Road Blocks / Challenges | - Stringent Government Rules and Regulations
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Gaps & Opportunities | - Growing Healthcare Industry Worldwide
- Robust Increase in the Distribution Channels
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Key highlights of the Global Colostomy Kit market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Colostomy Kit market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Colostomy Kit market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Colostomy Kit Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Colostomy Kit market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Colostomy Kit market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Colostomy Kit Manufacturers, Raw Material Suppliers, Distributors, Emerging Economies and End-users.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.