Technavio has been monitoring the ostomy products market and it is poised to grow by USD 1.05 billion during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Ostomy Products Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions-
- What was the value of the ostomy products market in 2019?
- Technavio says that the value of the market was USD 3.51 billion in 2019 and it is projected to reach USD 4.56 billion by 2024.
- At what rate is the market projected to grow during the forecast period 2020-2024?
- Growing at a CAGR of over 5%, the market growth will accelerate in the forecast period.
- What is the key factor driving the market?
- Rising number of chronic diseases is one of the key factors driving the market growth.
- Who are the top players in the market?
- 3M Co., ALCARE Co. Ltd., B. Braun Melsungen AG, Coloplast AS, ConvaTec Group Plc, Hollister Inc., Marlen Manufacturing Development Co., Nu-Hope Laboratories Inc., Peak Medical Ltd., and Smith Nephew Plc. are some of the major market participants.
- Which region is expected to hold the highest market share?
- North America
- What is the year-over-year growth rate of the global market?
- The year-over-year growth rate for 2020 is estimated at 4.93%.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. 3M Co., ALCARE Co. Ltd., B. Braun Melsungen AG, Coloplast AS, ConvaTec Group Plc, Hollister Inc., Marlen Manufacturing Development Co., Nu-Hope Laboratories Inc., Peak Medical Ltd., and Smith Nephew Plc are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Rising number of chronic diseases has been instrumental in driving the growth of the market.
Ostomy Products Market 2020-2024: Segmentation
Ostomy Products Market is segmented as below:
- Product
- Colostomy Bags
- Urostomy Bags
- Ileostomy Bags
- Ostomy Care Accessories
- End-user
- Healthcare Settings
- Retail Stores
- Homecare Settings
- Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
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Ostomy Products Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our ostomy products market report covers the following areas:
- Ostomy Products Market size
- Ostomy Products Market trends
- Ostomy Products Market analysis
This study identifies the growing adoption of closed one-piece ostomy bags as one of the prime reasons driving the ostomy products market growth during the next few years.
Ostomy Products Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the ostomy products market, including some of the vendors such as 3M Co., ALCARE Co. Ltd., B. Braun Melsungen AG, Coloplast AS, ConvaTec Group Plc, Hollister Inc., Marlen Manufacturing Development Co., Nu-Hope Laboratories Inc., Peak Medical Ltd., and Smith Nephew Plc. Backed with competitive intelligence and benchmarking, our research reports on the ostomy products market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Ostomy Products Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist ostomy products market growth during the next five years
- Estimation of the ostomy products market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the ostomy products market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of ostomy products market vendors
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product placement
- Colostomy bags Market size and forecast 2019-2024
- Urostomy bags Market size and forecast 2019-2024
- Ileostomy bags Market size and forecast 2019-2024
- Ostomy care accessories Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by End-user
- Market segments
- Comparison by End-user placement
- Healthcare settings Market size and forecast 2019-2024
- Retail stores Market size and forecast 2019-2024
- Homecare settings Market size and forecast 2019-2024
- Market opportunity by End-user
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America Market size and forecast 2019-2024
- Europe Market size and forecast 2019-2024
- APAC Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- MEA Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver Demand led growth
- Volume driver Supply led growth
- Volume driver External factors
- Volume driver Demand shift in adjacent markets
- Price driver Inflation
- Price driver Shift from lower to higher priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 3M Co.
- ALCARE Co. Ltd.
- B. Braun Melsungen AG
- Coloplast AS
- ConvaTec Group Plc
- Hollister Inc.
- Marlen Manufacturing Development Co.
- Nu-Hope Laboratories Inc.
- Peak Medical Ltd.
- Smith Nephew Plc
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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