The new report by Expert Market Research titled, ‘Global Ostomy Care and Accessories Market Size, Share, Price, Trends, Growth, Report and Forecast 2022-2027, gives an in-depth analysis of the Global Ostomy Care and Accessories Market Report, assessing the market based on its segments like product, end-use, applications and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

• Forecast CAGR (2022-2027):4.8%

The growing number of ostomy and stoma surgeries of the intestine, as well as the growing geriatric and elderly population, is driving the market for ostomy care and accessories. The fastest-growing segment is expected to be accessories, which help reduce odour, leakage, and skin rashes while also providing tailored solutions for unique demands or body shapes. As the need for home healthcare is increasing, home care settings are the largest industry shareholder. Because of the rising incidence of IBD and increased knowledge of ostomy management or stoma operations, Europe currently dominates the market.

Industry Definition and Major Segments

An ostomy is a man-made opening created by a surgeon that permits stool and/or urine to exit from the body through the belly. It are often temporary or permanent. Bodily waste is rerouted from its natural path due to the malfunctioning of the urinary or gastrointestinal system . An ostomy could also be necessary thanks to inflammatory bowel disease, birth defects, cancer, diverticulitis, faecal incontinence (inability to regulate bowel movements), incontinence, and lots of other medical conditions. a number of the commonly used ostomy care devices include ostomy bags, barrier rings, seals, pouch closures, pouch covers, and stoma caps.

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The industry may be divided into three categories based on the application:

• Colostomy
• Ileostomy
• Urostomy
• Others

Based on ostomy care accessories End-use, the market may be broadly classified as follows:

• Home Care Settings
• Hospitals
• Others

Based on component, the market is divided into:

• Bags
• Accessories
• Pouch Cover
• Pouch Closures
• Stoma Caps/Hat
• Others

The regional markets for Global Ostomy Care and Accessories Market Report include:

• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa

Market Trends

The introduction of efficient and suitable pouching systems that serve to improve the quality of patients life is expected to boost the market during the forecast period. These improvements are projected to boost market growth throughout the forecast period. The market is being driven by the rising number of ostomy and stoma procedures of the intestine, as well as the growing geriatric and elderly population. Accessories, which help reduce odour, leakage, and skin rashes while also providing customised solutions for individual demands or body shapes, are likely to be the fastest-growing segment. Home care settings are the largest industry stockholder due to the increased need for home healthcare.

Key Market Players

The major players in the market are Coloplast (OTCMKTS: CLPBY), B.Braun Melsungen AG, Hollister Incorporated, ConvaTec Group plc (OTCMKTS: CNVVY), Salts Healthcare Ltd., Welland Medical Limited and others. The report covers the market shares, plant turnarounds, capacities, investments, expansions and mergers and acquisitions, among other latest developments of these market players.

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