The global ostomy/stoma care and accessories market is experiencing significant growth, driven by increasing awareness, technological advancements, and a rising geriatric population. This article delves into the market's key aspects, including top companies, recent developments, market drivers and restraints, segmentation, regional insights, and future scope.
According to Fortune Business Insights, the ostomy/stoma care and accessories market was valued at USD 2.81 billion in 2018 and is projected to reach USD 5.77 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.3% during the forecast period. Europe dominated the market in 2018, holding a 49.11% share of the global market.
The market report provides an in-depth analysis of various factors influencing the global ostomy/stoma care and accessories market. It covers opportunities, growth drivers, threats, key developments, and restraints. The report also examines strategies such as product innovations, mergers, alliances, joint ventures, and acquisitions adopted by industry players. Additionally, it offers insights into the number of ostomy surgeries, reimbursement scenarios, incidence of colon and bladder cancer in key countries, and the latest industry trends.
In July 2019, Coloplast launched SenSura Mio Kids and SenSura Mio Baby, a range of stoma care products designed specifically for preterm babies and children. This development highlights the industry's focus on catering to diverse patient needs across different age groups.