Global Stoma/Ostomy Care Industry

Global Stoma/Ostomy Care Industry

  • September 2019 •
  • 344 pages •
  • Report ID: 5799725 •
  • Format: PDF
Stoma/Ostomy Care Products market worldwide is projected to grow by US$887.6 Million, driven by a compounded growth of 4.9%. Ostomy Care Bags, one of the segments analyzed and sized in this study, displays the potential to grow at over 4.8%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$2.7 Billion by the year 2025, Ostomy Care Bags will bring in healthy gains adding significant momentum to global growth.

- Representing the developed world, the United States will maintain a 4.1% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$59.7 Million to the region’s size and clout in the next 5 to 6 years. Over US$51.3 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Ostomy Care Bags will reach a market size of US$144.1 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 6.8% over the next couple of years and add approximately US$127.7 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

- Competitors identified in this market include among others, 3M Company; Alcare Co., Ltd.; B. Braun Melsungen AG; BAO-Health Medical Instrument Co., Ltd.; Coloplast A/S; ConvaTec, Inc.; Cymed; Flexicare Medical Ltd.; Hollister, Inc.; Marlen Manufacturing & Development Company; Nu-Hope Laboratories, Inc.; Perma-Type Co., Inc.; Schena Ostomy Technologies, Inc.; Smith & Nephew PLC; Welland Medical Ltd.