Global 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.
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.
Global ostomy devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of ostomy devices market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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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.
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
Unsecured reimbursement system is restraining the market growth
Table of Contents
5.Global, By Component
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Segmentation: Global Ostomy Devices Market
By End- Users
Home- Care Setting
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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