Ostomy Devices Market is set to witness a stable CAGR in the forecast period of 2019-2026. The report contains data from the base year 2018 and historic year 2017. Increasing awareness about ostomy products is the major factor for the growth of this market.
The market insights gained through this ostomy devices market research analysis report facilitates more defined understanding of the market landscape, issues that may interrupt in the future, and ways to position definite brand excellently. With the meticulous competitor analysis covered in this report, businesses can gauge or analyse the strengths and weak points of the competitors which helps build superior business strategies for their own product. For in depth understanding of market and competitive landscape, this ostomy devices market research report serves a lot of parameters and detailed data about medical device industry.
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Few of the major competitors currently working in the ostomy devices market are Coloplast, Alcare Diagnostic Research Center Pvt. Ltd., Nu-Hope Laboratories, Inc., Welland Medical Limited, Messe Düsseldorf GmbH, Flexicare (Group) Limited, 3M, Smith & Nephew, ConvaTec Inc., B. Braun Melsungen AG, Marlen International., Hollister Incorporated, BD, Johnson & Johnson Services, Inc, GENERAL ELECTRIC COMPANY, Koninklijke Philips N.V., Medtronic.
Geographical Division of the Market
The market is geographically Divided into various regions such as
- South America
- North America
- Middle east and Africa
- Asia and Pacific Regions
- Europe
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Segmentation: Global Ostomy Devices Market
By Product
Colostorny Bags
Urostorny Bags
Ileostorny Bags
By End- Users
Healthcare Settings
Retail Stores
Home- Care Setting
By Application
Sealing
Cleansing
Lubrication
Drainage
By Accessories
Paste &Powder
Creams
Cleansers
Tapes
Other Accessories
By Geography
North America
South America
Europe
Asia-Pacific
Middle East & Africa
Customization of the Report:
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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Mentioned points to pounder in the report
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
- To describe and forecast the market, in terms of value, for various segments, by region North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- Comprehensive quantitative analysis of the industry is provided for the period of 2019-2026 to assist stakeholders to capitalize on the prevailing market opportunities.
- Learn about the market strategies that are being adopted by your competitors and leading organizations
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
Key Developments in the Market:
In August 2017, ConvaTec Group Plc announced the launch of their Natura Convex Cut-to-Fit Accordion Flange. It is specially designed to make two-piece ostomy pouch application easier and comfortable. This new product is easy to use and reduces abdomen pressure. They are available in Convex and Flat Cut-to-Fit options with ConvaTec Moldable Technology which will be used to prevent the leakage.
In May 2016, B. Braun Medical Inc. announced the launch of their Flexima 3S Ostomy Appliances in the North America. The main aim is to provide high quality ostomy devices to the customers in U.S. and Canada. It is designed with applications like multi base plate, guiding system, coupling mechanism and soft material. It will provide pouch security to the patient without any visual inspection.
Market Drivers
Increasing demand for one- piece ostomy bags is driving the growth of this market
Rising incidences of colorectal cancer ulcerative colitis and Crohn’s disease is another factor driving the market
Market Restraint
Unsecured reimbursement system is restraining the market growth
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