to its collection. The report studies vital factors about the market that are essential for existing players as well as new market entrants. The report throws light on the critical elements such as market share, profitability, supply chain, production, sales, upcoming technologies, key market players, regional segmentation, and many more aspects related to the Stoma Care/ Ostomy Care and Accessories Market.
The years considered in this report to estimate the market size of the market are:
• History Year: 2016-2019
• Forecast Year: 2021 to 2026
The key players covered in this report are –
· ConvaTec Group plc (UK)
· Coloplast A/S (Denmark)
· Hollister Co. (US)
· B. Braun (Germany)
· Alcare Chemicals India Private Limited (India)
· Nu-Hope Laboratories Inc. (US)
· Marlen Manufacturing & Development Company (US)
· Welland Medical Ltd (UK)
· Flexicare Medical Ltd (UK)
· Cymed (US)
· Perma-Type Co Inc (US)
· The 3M Company (US)
· Smith & Nephew plc (UK).
The Stoma Care/ Ostomy Care and Accessories Market is projected to grow from USD 2.9 billion in 2020 to USD 3.8 billion by 2026 at a CAGR of around 4.7% during the forecast period.
By end-user, the stoma care/ ostomy care and accessories market has been bifurcated into home care settings, hospitals & ambulatory surgical centers, and others. The hospitals & ambulatory surgical centers segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to the presence of established infrastructure and skilled healthcare staff.
By region, the North American market accounted for the largest market share in 2020 and is projected to grow at a robust CAGR during the review period. This can be attributed to rising demand for advanced stoma/ostomy care products coupled with expanding geriatric populace and the presence of key market players such as Hollister Co. (US) and The 3M Company (US). The market growth in Asia-Pacific is expected to be driven by increasing spending on healthcare infrastructure development coupled with rising cases of urinary tract disorders.
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