North America Ostomy Devices Market, By Product (Bags, Accessories), Surgery Type (Ileostomy Drainage Bags, Colostomy Drainage Bags, Urostomy Drainage Bags), Shape of Skin Barrier (Flat, Convex), System Type (One-piece System, Two-piece System), End User (Ambulatory Surgical Centers, Hospitals, Home Care, Others), Country (U.S., Mexico, Canada) Industry Trends and Forecast to 2028,
Market Analysis and Insights : North America Ostomy Devices Market
Data Bridge Market Research analyses that the North America ostomy devices market to be grow at a CAGR of 4.9% in the forecast period of 2021-2028.
Ostomy surgery, also known as bowel diversion, reroutes the passage of intestinal contents out of the body through a small incision in the abdominal wall. The ostomy or stoma is the name for the opening. Depending on the severity of the sickness, it may be transient or permanent. An ostomy device is a piece of prosthetic medical equipment that allows waste to be collected and a stoma to be formed from a biological system (colon, ileum, and bladder) that has been surgically diverted. The most common combinations of colostomies, ileostomies, and urostomies are pouching systems.
The rise in the prevalence of bowel cancer, bladder cancer and inflammatory bowel diseases is the significant factor responsible for driving the growth of the ostomy devices market. Additionally, geriatric population, surge in the incidence of smoking and favourable reimbursement policies associated with ostomy devices will act as major drivers influencing the overall growth of the market. Similarly, factors such as significant increase in the number of obese population, changing lifestyle and growing number of cases of renal disorders and neurological injuries will cushion the market growth rate.
Moreover, the rise in the awareness about the treatment and diagnostic methods, technological advancement and strategic initiatives by market players will generate profitable opportunities for the ostomy devices market.
However, high cost, side effects and restricts related with the ostomy devices and unmet medical needs will act as market restraints and obstruct the market’s growth rate. Also, presence of alternative surgical procedures will further challenge the growth ostomy devices market.
This North America ostomy devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on North America ostomy devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
North America Ostomy Devices Market Scope and Market Size
North America ostomy devices market is segmented on the basis of product type, surgery type, shape of skin barrier, system type and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the ostomy devices market is segmented into bags and accessories.
- On the basis of surgery type, the ostomy devices market is segmented into ileostomy drainage bags, colostomy drainage bags and urostomy drainage bags.
- On the basis of shape of skin barrier, the ostomy devices market is segmented into flat and convex.
- On the basis of system type, the ostomy devices market is segmented into one-piece system, and two-piece system.
- On the basis of end-user, the ostomy devices market is segmented into ambulatory surgical centers, hospitals, home care and others.
North America Ostomy Devices Market Country Level Analysis
North America ostomy devices market is analysed and market size insights and trends are provided by country, product type, surgery type, shape of skin barrier, system type and end-user as referenced above.
The countries covered in the North America ostomy devices market report are U.S., Canada and Mexico.
The country section of the North America ostomy devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The North America ostomy devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for North America ostomy devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on North America ostomy devices market. The data is available for historic period 2010 to 2019.
Competitive Landscape and North America Ostomy Devices Market Share Analysis
North America ostomy devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to North America ostomy devices market.
The major players covered in the North America ostomy devices market report are Coloplast Corp., Hollister Incorporated, ConvaTec Group PLC, Salts Healthcare, B. Braun Melsungen AG, 3M, ALCARE Co., Ltd., Flexicare (Group) Limited, Henkel AG & Co. KGaA, Marlen Manufacturing & Development Company, Nu-Hope Laboratories, Inc., OxMed International GmbH, Smith+Nephew, Torbot Group, Inc., Welland Medical Limited, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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