What is Ostomy Devices Market?
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
The market study is being classified by Type (Bags and Accessories) and major geographies with country level break-up.
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).
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. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Ostomy Devices market throughout the predicted period.
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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing target patient population
- Rising geriatric population
- Favorable reimbursement system in developed countries
- Growing number of awareness programs to educate patients regarding the use of ostomy products
- Discomfort and other issues associated with the use of ostomy bags
- Growing adoption of alternative treatments
- Growth opportunities offered by emerging markets
- Growing internet usage for online sales of ostomy products
- Growing medical tourism in Asian countries
- Disparities in reimbursement for ostomy supplies in emerging countries
Key Target AudienceOstomy Devices Manufacturers, Distributors, Emerging Companies, Research Professionals and End-users
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Ostomy Devices Market?
"Increasing target patient population
" is seen as one of major growth factors of Ostomy Devices Market in years to come.
2. Can we have customized study for Ostomy Devices Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.