Market Analysis and Insights: North America Ostomy Devices Market
North America ostomy devices market is projected to register a substantial CAGR in the forecast period of 2019 to 2026.
An ostomy is a surgery procedure that is used to create an artificial opening (stoma) between the intestines and the abdominal wall to disperse waste (urine and stool). The ostomy procedures require patients to wear ostomy device or pouch system as per the ostomy type, which is colostomy, ileostomy, urostomy. The pouch can be either the two-piece systems or one-piece systems. Both one-piece and two-piece pouches might be either drainable or closed and both one-piece and two-piece systems may be either flat or convex. There are irrigation systems for colostomates to clean stool directly out of the colon via the stoma with the use of special irrigation system, containing an irrigation bag and a catheter or connecting tube, an irrigation sleeve and a stoma cone. Patient can also use ostomy accessories to manage their ostomy and the accessories include skin barrier/care products/wipes, powder, paste, rings, strips, deodorants, cleansers, creams, lubrication, stoma caps, tapes, adhesive removers and belts.
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Segmentation: North America Ostomy Devices Market
The North America 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.
• 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.
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Recent Developments
• In September 2019, 3M took action and initiatives related to the polyfluoroalkyl substances (PFAS), which is demonstrating the longstanding commitment to environmental stewardship of the company. These initiatives of PFAS build long track record of the industry leadership to enhance their product sustainability.
• In July 2019, Henkel AG & Co. KGaA, a prime global manufacturer of adhesive technologies expanded its operation in Salisbury, England. Here, the company invested $45 million for new equipment and a string of improvements at its Salisbury facility, including an UV Acrylic Adhesives which is used in tapes within the field of Ostomy Care and also looks forward to their continued growth in Ostomy market.
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Competitive Analysis: North America Ostomy Devices Market
Some of the major players operating in the North America 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.
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