What is Ostomy Devices Market Scope?
Ostomy device that provides a means for the collection of waste from a surgically diverted biological system (colon, ileum, bladder) and the creation of a stoma. The factors such as Increasing target patient population, Rising geriatric population and Favorable reimbursement system in developed countries are the key drivers for the global Ostomy Devices market
Ostomy Devices Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increasing target patient population
- Rising geriatric population
- Favorable reimbursement system in developed countries
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Influencing Trends | - Growing number of awareness programs to educate patients regarding the use of ostomy products
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Restraints | - Discomfort and other issues associated with the use of ostomy bags
- Growing adoption of alternative treatments
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Road Blocks / Challenges | - Disparities in reimbursement for ostomy supplies in emerging countries
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Gaps & Opportunities | - Growth opportunities offered by emerging markets
- Growing internet usage for online sales of ostomy products
- Growing medical tourism in Asian countries
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The Ostomy Devices market study is being classified by Type (Bags and Accessories), by Application and major geographies with country level break-up.
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 a competitive advantage through combined collaborations. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Ostomy Devices market throughout the predicted period.
Coloplast A/S (Denmark), Hollister Incorporated (United States), ConvaTec Group plc (United Kingdom), B. Braun (Germany), ALCARE Co., Ltd. (Japan), Nu-Hope (United States), Marlen Manufacturing & Development Company (United States), Welland Medical Limited (United Kindom), Schena Ostomy Technologies, Inc. (United States), Perma-Type Company Inc. (United States), 3M (United States), Smith & Nephew (United States) and Salts Healthcare (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Baohe Ostomy Care (China), Flexicare Medical Limited (United Kingdom) and Cymed (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Ostomy Devices market by Type, Application and Region.
On the basis of geography, the market of Ostomy Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Target Audience
Ostomy Devices Manufacturers, Distributors, Emerging Companies, Research Professionals and End-users
Ostomy Devices Market Study: Important Years
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Customization available in this Study:
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