Skip to main content

Coloplast (Denmark) and Hollister Incorporated (US) are the Key Players in the Ostomy Care Accessories Market

The global ostomy care accessories market is estimated to be valued at USD 2.40 Billion in 2017 and is projected to reach USD 2.99 Billion by 2022, growing at a CAGR of 4.5%. The high incidence of bladder/colorectal cancer/inflammatory bowel disease; rising geriatric population; growing number of awareness programs to educate patients regarding the use of ostomy products; technological advancements in ostomy products; and efficient reimbursement system in developed countries are factors driving the growth of the ostomy market.
Analysis of the market developments between 2015 and 2017 revealed that several growth strategies such as product launches and product enhancements, strategic acquisitions, agreements, contracts, and market expansions were adopted by ostomy care accessories market players to strengthen their product portfolios and maintain a competitive position in the ostomy care market. Among these business strategies, product launches and product enhancements were the most widely adopted growth strategies by players to strengthen their product portfolios.
Coloplast (Denmark) is a leader in the ostomy care accessories market. The company’s growth in the ostomy care market is supported by a strong pipeline of new products, sustained cost discipline, and adoption of new strategies to enhance the product portfolio based on new technologies available in the market. The ostomy care business of the company has grown by 9% in 2015–16, which was almost the double of the overall market growth rate. This growth was mainly supported by the launch of its SenSura Mio. Emerging markets of China, India, and Russia are expected to offer lucrative growth opportunities for the growth of the company.
Hollister Incorporated (US) held the second position in the ostomy care accessories market in 2016. Hollister has built its position through internal development, in-licensing of technologies, product enhancements, and new product launches. The company also upgrades several products at regular intervals, which helps in retaining its customer base and addressing patient needs.
In line with its growth strategy, in 2016, Hollister launched new skin barrier products with the Remois technology to provide extra comfort to patients. The company introduced three Premier family CeraPlus products, namely, Soft Convex Pouching System, Flat Pouching System, and Convex Pouching System. It also launched two New Image family CeraPlus products-Flat Skin Barrier and Convex Skin Barrier.
Know More:
Ostomy Care Accessories Market by Product (Bags (Surgery Type (Ileostomy, Colostomy, Urostomy), System (One, Two-Piece), Usability (Drainable, Closed), Shape (Flat, Convex)), and Accessories (Powder, Paste)), End User (Home, Hospital) - Global Forecast to 2022

 https://www.marketsandmarkets.com/Market-Reports/ostomy-care-accessories-market-267183143.html
Labels:

Comments

Post a Comment

Popular posts from this blog

Temperature Monitoring Systems Market | 3M (US) and Omega Engineering (US) are Leading Players

Analysis of the developments in the temperature monitoring systems market from 2016 to 2018 shows that new product launches, geographic expansions, mergers & acquisitions, and contracts were the most widely adopted growth strategies by players in the market. Players adopted these strategies to strengthen their market positions. Some of the prominent players in the temperature monitoring systems market are 3M (US), Abb Ltd. (Switzerland), Deltatrack (US), Emerson Electric (US), Fluke Corporation (Subsidiary Of Fortive Corporation) (US), Honeywell (US), Kelsius, Ltd. (Ireland), Monnit Corporation (US), and Omega Engineering (US). The growth of this market is driven by rising manufacturing activity across a range of industries, as well as stringent regulations to ensure product quality (particularly in the food & beverage and pharmaceutical sectors). Technological advancements have introduced systems that are more efficient and capable of meeting a greater variety of needs...
Post a Comment
Read more

Dental Bone Graft Substitutes Market | Key Market Players

The global dental bone graft substitutes market is expected to reach USD 664.3 million by 2021, at a CAGR of 9.8% from 2016 to 2021. Factors such as growing aging population, growing medical and dental tourism in developing countries, and increasing disposable income in developing countries across the globe are fueling the growth of this market. The major players operating in global dental bone graft substitutes market include Institut Straumann AG (Switzerland), Geistlich (Switzerland) DENTSPLY International (U.S.), Zimmer Biomet (U.S.), Medtronic (Ireland), BioHorizons IPH, Inc. (U.S.), ACE Surgical Supply Company, Inc. (U.S.), RTI Surgical, Inc. (U.S.), LifeNet Health (U.S.), and Dentium (Korea). The global dental bone graft substitutes market is fragmented and competitive, with a significant number of global and regional market players. This report studies the growth strategies adopted by key market players between 2013 and 2015. Leading players in the dental bone graft subst...
Post a Comment
Read more

Cranial Fixation & Stabilization Systems Market 2019 | Top 5 Major Factors Driving Market Growth

Market Growth Factors: The increasing prevalence of neurological diseases and high incidence of road accidents and fall related injuries are the key drivers for the global cranial fixation and stabilization systems market . What Expert Analysed About The Market Growth: The global cranial fixation and stabilization systems market is expected to reach USD 1.74 billion by 2022 from USD 1.14 billion in 2017, at a CAGR of 8.7% . Market Segmentation: The cranial fixation and stabilization systems market is segmented on the basis of product, material type, end user, and region. Download FREE Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=197152289 “Cranial fixation systems are expected to grow at the highest CAGR during the forecast period.” Based on product, the market is segmented into cranial fixation systems and cranial stabilization systems. The cranial fixation systems segment is expected to grow at the highest CAGR during the forecast period. The large share of th...
Post a Comment
Read more