Latin America Ostomy Devices Market is expected to grow with the CAGR of 4.45% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.
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Latin America ostomy devices market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in Latin America ostomy devices market are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, agreement into the market. This helped companies to maximize the sales with enhanced product portfolio.
For instance, in January 2017, Convatec Group PLC has launched the Esteem Flex convex one piece system which is designed for patients having colostomies, ileostomies and urostomies. This has helped the company to enhance its product portfolio and provide healthcare professionals and consumers with comfort and secure product.
Hollister Incorporated is the dominating player in Latin America ostomy devices market. The other key players existing in the market includes Coloplast Corp, ConvaTec Inc. (A Subsidiary of ConvaTec Group PLC), B. Braun Melsungen AG, 3M, and Smith &+ Nephew.
Hollister Incorporated, headquarter is in Illinois, U.S. was founded in 1921. The company focuses on development & manufacturing of the advanced medical products for ostomy care to ostomy patients and healthcare professionals. The company has wide product portfolio and offers its products in different categories such as ostomy care products, continence care products, wound care products, in which ostomy care products is the market focused category. The company has wide presence across Europe, North America and Asia-Pacific and South America.
ConvaTec Inc. (A Subsidiary of ConvaTec Group PLC)
ConvaTec Inc. (A Subsidiary of ConvaTec Group PLC) focuses on providing products and technologies for various therapy management including chronic conditions, advanced wound care, ostomy care, continence and critical care and infusion devices. The company has wide product portfolio and offers its product in different categories such as stoma, wounds, incontinence, and skin care. The company has wide presence across Asia-Pacific, Europe, Middle East and Africa, South America, North America.
Coloplast Corp headquartered in Humlebaek, Denmark and was founded in 1954. The company focuses on providing products and services to fulfil customer’s requirement. The company operates its business through multiple business segments which includes ostomy care, continence care, interventional urology, wound & skin care in which ostomy care is the market focussed segment. The company is engaged in providing wide range of product categories such as stoma care products, bladder and bowel management products, wound care products, and products for interventional urology. The company has wide presence across Asia-Pacific, Europe, Middle East and Africa, South America, North America. The company also has various subsidiary companies such as Coloplast Manufacturing US LLC (U.S.), Coloplast Corp. (U.S.), Comfort Medical, LLC (U.S.), Coloplast Hungary Kft (Hungary) among others
Latin America Ostomy Devices Market – Industry Trends and Forecast to 2027