About Ostomy Care
Ostomy is a surgical procedure that creates an opening in the abdomen, altering the way waste exits the body. This procedure is used to treat a variety of urinary and digestive system diseases. Ostomy Care is a surgical procedure that involves the removal of diseased parts of the gastrointestinal or urinary systems and the creation of an artificial opening in the abdomen to allow for waste elimination. An ostomy is surgery that creates a hole (stoma) from within the body to the outside. It is used to treat diseases of the digestive and urinary systems. When an organ must be removed, it can be permanent. It may be temporary if the organ requires time to heal. The small intestine, colon, rectum, or bladder could be the organ. With an ostomy, waste must exit the body in a different way.
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The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Ostomy Care market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Coloplast Corp (Denmark), Hollister Incorporated (United States), B. Braun Melsungen AG (Germany), ConvaTec Inc. (England), Salts Healthcare (United Kingdom), Welland Medical Limited (United Kingdom), Flexicare Group Limited (United Kingdom), Alcare Co. Ltd. (Japan), Cymed Micro Skin (United States) and Marlen Manufacturing & Development Company (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Nu-Hope Labs (United States), Torbot Group Inc. (United States), Smith & Nephew (Unites Kingdom) and Others.
AMA Research has segmented the market of Global Ostomy Care market by Type (Ostomy bags and Ostomy accessories) and Region.
On the basis of geography, the market of Ostomy Care has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). If we see Market by End Users, the sub-segment i.e. Home Care Settings will boost the Ostomy Care market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Shape, the sub-segment i.e. Flat Ostomy Care Products will boost the Ostomy Care market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Surgery, the sub-segment i.e. Colostomy will boost the Ostomy Care market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by System, the sub-segment i.e. One- Piece will boost the Ostomy Care market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 10th September 2020, ConvaTec has partnered with Portea Medical, India's largest out-of-hospital consumer healthcare services company. In collaboration with ConvaTec, Portea will provide ostomy care and wound management services in all major Indian cities as part of this collaboration. The collaboration will allow patients who have been discharged from hospitals following surgery to access products and services from the comfort of their own homes. They will also have access to other services such as nutrition consultation and physiotherapy, as well as visits from Portea's trained and experienced nurses.
On 21st February 2022, Vitus Ostomy Care is a new product line launched by HR Pharmaceuticals, Inc. The entire ostomy accessory line is intended to further protect the stoma and skin while maintaining a tight seal. With the continued reduction in reimbursement for ostomy supplies, Vitus Ostomy Care aims to provide superior quality ostomy care products at an affordable price.
The program is overseen by the Australian Government's Department of Health the Department. The Stoma Product Assessment Panel (SPAP) is overseen and supported by the Department, which also monitors programme access and compliance and approves stoma associations. On programme issues, the Department collaborates closely with Services Australia and ACSA.
- High Demand for Home Healthcare Agencies
- Ostomy Care Has High Growth Potential in Emerging Markets
- Focus On Lowering Device Costs through Product Innovation
- Increased Medical Tourism in Various Countries
- Unfavorable Payment Policies in Emerging Market Economies
- Alternative Surgical Methods Are Available
- High Cost Associated with Ostomy Care Procedure and Products
- Risk of Contagious Diseases with Its Application
- Frequent Replacement of Ostomy bags Care
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Ostomy care bag manufacturers, Third-party ostomy care product suppliers, Raw material suppliers, Market research and consulting firms, Government Bodies, End-Users and Others
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):1. What all players are profiled in the study?
The standard version of the report profiles players such as Coloplast Corp (Denmark), Hollister Incorporated (United States), B. Braun Melsungen AG (Germany), ConvaTec Inc. (England), Salts Healthcare (United Kingdom), Welland Medical Limited (United Kingdom), Flexicare Group Limited (United Kingdom), Alcare Co. Ltd. (Japan), Cymed Micro Skin (United States) and Marlen Manufacturing & Development Company (United States) etc.2. Can we have customized study for Ostomy Care Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.3. What trending factors would impact Ostomy Care Market growth most?
"Rising Adoption of Closed One-Piece Ostomy Bags
" is seen as one of major influencing trends for Ostomy Care Market during projected period 2021-2027.