Global Ostomy Devices Market has been Driven by Increasing Prevalence of Bladder Cancer, Bowel Cancer and Inflammatory Bowel Diseases and Favourable Reimbursement Policies for Ostomy Devices in the forecast period of 2019-2026

Global Ostomy Devices Market is projected to register a substantial CAGR of 6.6% in the forecast period of 2019 to 2026. The new market report contains data for historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.

Ostomy Devices Market

Access Full Report at https://www.databridgemarketresearch.com/reports/global-ostomy-devices-market

DriversGlobal Ostomy Devices Market

  • Increasing prevalence of bladder cancer, bowel cancer and inflammatory bowel diseases
  • Favourable reimbursement policies for ostomy devices

Restraints:

  • Side effects and restrictions associated with ostomy device
  • Unmet medical needs

Opportunity:

  • Strategic initiatives by market players

Challenge:

  • Availability of other alternative surgical procedure

Market Trends:

Global ostomy devices market is segmented into three notable segments which are type, end user and distribution channel.

  • On the basis of type, the market is segmented into products and accessories. In 2019, products segment is expected to dominate the global ostomy devices market with largest market share because ostomy products such as colostomy, ileostomy and urostomy bags are mostly used after the ostomy surgery due to high disposable income.
  • On the basis of end user, the market is segmented into hospitals, clinics, ambulatory centers, homecare and others.
  • On the basis of distribution channel, the market is segmented into direct sales, retail and online. In 2019, retail segment is expected to dominate the global ostomy devices market with largest market share as patients with ostomy use ostomy bags on regular basis and in the retail shops patients can easily get the products. Due to this reason there is an increased demand of retail purchasing of ostomy products among the customers.

Major Players: Global Ostomy Devices Market

Some of the major players operating in the global ostomy devices market 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.