Ostomy Care Market Key Players Analysis 2031
MARKET OVERVIEW
An ostomy is a surgical procedure in which a stoma, or an opening, is created in the body to allow the elimination of bodily waste. Ostomy care is the management of the stoma and the associated skin, as well as the collection and disposal of the waste. Ostomy care products include bags and other accessories that are worn over the stoma to collect and contain waste, as well as products that are used to clean and care for the skin around the stoma. The market is expected to surge significantly due to the increasing incidence of chronic diseases such as cancer, inflammatory bowel disease, and other conditions that require ostomy surgery. Additionally, an aging population, greater awareness about ostomy care, and technological advancements in ostomy care products are also driving market growth.
MARKET SCOPE
The "Global Ostomy Care Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the ostomy care market with detailed market segmentation by product type, surgery type, shape of skin barrier, end user, and geography. The report provides key statistics on the market status of the leading ostomy care market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type, the global ostomy care market is bifurcated into bags and accessories.
- Based on surgery type, the global ostomy care market is segregated as ileostomy, colostomy, and urostomy.
- Based on shape of skin barrier, the global ostomy care market is categorized into flat and convex.
- Based on end user, the market is segmented into ambulatory surgical centers, hospitals, and home care settings.
MARKET DYNAMICS
Driver
- Growing incidence of inflammatory bowel /colorectal cancer/ bladder diseases
- Increasing awareness programs for educating patients about the usage of Ostomy products
- Technological advancements and increasing automation by several companies.
Restraints
- Rising adoption of alternative treatments
- Distress and other issues related with the use of ostomy bags
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global ostomy care market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The ostomy care market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the ostomy care market in these regions.
IMPACT OF COVID-19 ON OSTOMY CARE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Healthcare professional now present consultation via video conferencing as well as phone calls, in view of the spread of the pandemic. This is more than likely to benefit the ostomy care market in the years to follow. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global ostomy care market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The ostomy care market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the ostomy care market in these regions.
IMPACT OF COVID-19 ON OSTOMY CARE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Healthcare professional now present consultation via video conferencing as well as phone calls, in view of the spread of the pandemic. This is more than likely to benefit the ostomy care market in the years to follow. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the ostomy care market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The impact of SARS-CoV-2 has changed across nations with alternating cardiovascular indications. The market payers from ostomy care market are anticipated to lucrative growth opportunities in the future with the rising demand for ostomy care in the global ostomy care market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ostomy care market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Hollister Incorporated
- Nu-Hope Laboratories, Inc.
- ConvaTec Group PLC
- ALCARE Co., Ltd.
- Flexicare Medical Limited
- B. Braun Melsungen AG
- 3M
- Coloplast
- Marlen Manufacturing and Development Company
- Welland Medical Limited
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Ostomy Care Market - By Product Type
1.3.2 Ostomy Care Market - By Surgery Type
1.3.3 Ostomy Care Market - By Shape of Skin Barrier
1.3.4 Ostomy Care Market - By End Users
1.3.5 Ostomy Care Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. OSTOMY CARE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. OSTOMY CARE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. OSTOMY CARE MARKET - GLOBAL MARKET ANALYSIS
6.1. OSTOMY CARE - GLOBAL MARKET OVERVIEW
6.2. OSTOMY CARE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. OSTOMY CARE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. BAGS
7.3.1. Overview
7.3.2. Bags Market Forecast and Analysis
7.3.3. One Piece Market
7.3.3.1. Overview
7.3.3.2. One Piece Market Forecast and Analysis
7.3.4. Two Piece Market
7.3.4.1. Overview
7.3.4.2. Two Piece Market Forecast and Analysis
7.4. ACCESSORIES
7.4.1. Overview
7.4.2. Accessories Market Forecast and Analysis
7.4.3. Seals and Barrier Rings Market
7.4.3.1. Overview
7.4.3.2. Seals and Barrier Rings Market Forecast and Analysis
7.4.4. Pouch Cover Market
7.4.4.1. Overview
7.4.4.2. Pouch Cover Market Forecast and Analysis
7.4.5. Pouch Closures Market
7.4.5.1. Overview
7.4.5.2. Pouch Closures Market Forecast and Analysis
7.4.6. Stoma Caps Market
7.4.6.1. Overview
7.4.6.2. Stoma Caps Market Forecast and Analysis
7.4.7. Others Market
7.4.7.1. Overview
7.4.7.2. Others Market Forecast and Analysis
8. OSTOMY CARE MARKET - REVENUE AND FORECASTS TO 2028 - SURGERY TYPE
8.1. OVERVIEW
8.2. SURGERY TYPE MARKET FORECASTS AND ANALYSIS
8.3. ILEOSTOMY
8.3.1. Overview
8.3.2. Ileostomy Market Forecast and Analysis
8.4. COLOSTOMY
8.4.1. Overview
8.4.2. Colostomy Market Forecast and Analysis
8.5. UROSTOMY
8.5.1. Overview
8.5.2. Urostomy Market Forecast and Analysis
9. OSTOMY CARE MARKET - REVENUE AND FORECASTS TO 2028 - SHAPE OF SKIN BARRIER
9.1. OVERVIEW
9.2. SHAPE OF SKIN BARRIER MARKET FORECASTS AND ANALYSIS
9.3. FLAT
9.3.1. Overview
9.3.2. Flat Market Forecast and Analysis
9.4. CONVEX
9.4.1. Overview
9.4.2. Convex Market Forecast and Analysis
10. OSTOMY CARE MARKET - REVENUE AND FORECASTS TO 2028 - END USERS
10.1. OVERVIEW
10.2. END USERS MARKET FORECASTS AND ANALYSIS
10.3. AMBULATORY SURGICAL CENTERS
10.3.1. Overview
10.3.2. Ambulatory Surgical Centers Market Forecast and Analysis
10.4. HOSPITALS
10.4.1. Overview
10.4.2. Hospitals Market Forecast and Analysis
10.5. HOME CARE SETTINGS
10.5.1. Overview
10.5.2. Home Care Settings Market Forecast and Analysis
11. OSTOMY CARE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Ostomy Care Market Overview
11.1.2 North America Ostomy Care Market Forecasts and Analysis
11.1.3 North America Ostomy Care Market Forecasts and Analysis - By Product Type
11.1.4 North America Ostomy Care Market Forecasts and Analysis - By Surgery Type
11.1.5 North America Ostomy Care Market Forecasts and Analysis - By Shape of Skin Barrier
11.1.6 North America Ostomy Care Market Forecasts and Analysis - By End Users
11.1.7 North America Ostomy Care Market Forecasts and Analysis - By Countries
11.1.7.1 United States Ostomy Care Market
11.1.7.1.1 United States Ostomy Care Market by Product Type
11.1.7.1.2 United States Ostomy Care Market by Surgery Type
11.1.7.1.3 United States Ostomy Care Market by Shape of Skin Barrier
11.1.7.1.4 United States Ostomy Care Market by End Users
11.1.7.2 Canada Ostomy Care Market
11.1.7.2.1 Canada Ostomy Care Market by Product Type
11.1.7.2.2 Canada Ostomy Care Market by Surgery Type
11.1.7.2.3 Canada Ostomy Care Market by Shape of Skin Barrier
11.1.7.2.4 Canada Ostomy Care Market by End Users
11.1.7.3 Mexico Ostomy Care Market
11.1.7.3.1 Mexico Ostomy Care Market by Product Type
11.1.7.3.2 Mexico Ostomy Care Market by Surgery Type
11.1.7.3.3 Mexico Ostomy Care Market by Shape of Skin Barrier
11.1.7.3.4 Mexico Ostomy Care Market by End Users
11.2. EUROPE
11.2.1 Europe Ostomy Care Market Overview
11.2.2 Europe Ostomy Care Market Forecasts and Analysis
11.2.3 Europe Ostomy Care Market Forecasts and Analysis - By Product Type
11.2.4 Europe Ostomy Care Market Forecasts and Analysis - By Surgery Type
11.2.5 Europe Ostomy Care Market Forecasts and Analysis - By Shape of Skin Barrier
11.2.6 Europe Ostomy Care Market Forecasts and Analysis - By End Users
11.2.7 Europe Ostomy Care Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Ostomy Care Market
11.2.7.1.1 Germany Ostomy Care Market by Product Type
11.2.7.1.2 Germany Ostomy Care Market by Surgery Type
11.2.7.1.3 Germany Ostomy Care Market by Shape of Skin Barrier
11.2.7.1.4 Germany Ostomy Care Market by End Users
11.2.7.2 France Ostomy Care Market
11.2.7.2.1 France Ostomy Care Market by Product Type
11.2.7.2.2 France Ostomy Care Market by Surgery Type
11.2.7.2.3 France Ostomy Care Market by Shape of Skin Barrier
11.2.7.2.4 France Ostomy Care Market by End Users
11.2.7.3 Italy Ostomy Care Market
11.2.7.3.1 Italy Ostomy Care Market by Product Type
11.2.7.3.2 Italy Ostomy Care Market by Surgery Type
11.2.7.3.3 Italy Ostomy Care Market by Shape of Skin Barrier
11.2.7.3.4 Italy Ostomy Care Market by End Users
11.2.7.4 Spain Ostomy Care Market
11.2.7.4.1 Spain Ostomy Care Market by Product Type
11.2.7.4.2 Spain Ostomy Care Market by Surgery Type
11.2.7.4.3 Spain Ostomy Care Market by Shape of Skin Barrier
11.2.7.4.4 Spain Ostomy Care Market by End Users
11.2.7.5 United Kingdom Ostomy Care Market
11.2.7.5.1 United Kingdom Ostomy Care Market by Product Type
11.2.7.5.2 United Kingdom Ostomy Care Market by Surgery Type
11.2.7.5.3 United Kingdom Ostomy Care Market by Shape of Skin Barrier
11.2.7.5.4 United Kingdom Ostomy Care Market by End Users
11.2.7.6 Rest of Europe Ostomy Care Market
11.2.7.6.1 Rest of Europe Ostomy Care Market by Product Type
11.2.7.6.2 Rest of Europe Ostomy Care Market by Surgery Type
11.2.7.6.3 Rest of Europe Ostomy Care Market by Shape of Skin Barrier
11.2.7.6.4 Rest of Europe Ostomy Care Market by End Users
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Ostomy Care Market Overview
11.3.2 Asia-Pacific Ostomy Care Market Forecasts and Analysis
11.3.3 Asia-Pacific Ostomy Care Market Forecasts and Analysis - By Product Type
11.3.4 Asia-Pacific Ostomy Care Market Forecasts and Analysis - By Surgery Type
11.3.5 Asia-Pacific Ostomy Care Market Forecasts and Analysis - By Shape of Skin Barrier
11.3.6 Asia-Pacific Ostomy Care Market Forecasts and Analysis - By End Users
11.3.7 Asia-Pacific Ostomy Care Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Ostomy Care Market
11.3.7.1.1 Australia Ostomy Care Market by Product Type
11.3.7.1.2 Australia Ostomy Care Market by Surgery Type
11.3.7.1.3 Australia Ostomy Care Market by Shape of Skin Barrier
11.3.7.1.4 Australia Ostomy Care Market by End Users
11.3.7.2 China Ostomy Care Market
11.3.7.2.1 China Ostomy Care Market by Product Type
11.3.7.2.2 China Ostomy Care Market by Surgery Type
11.3.7.2.3 China Ostomy Care Market by Shape of Skin Barrier
11.3.7.2.4 China Ostomy Care Market by End Users
11.3.7.3 India Ostomy Care Market
11.3.7.3.1 India Ostomy Care Market by Product Type
11.3.7.3.2 India Ostomy Care Market by Surgery Type
11.3.7.3.3 India Ostomy Care Market by Shape of Skin Barrier
11.3.7.3.4 India Ostomy Care Market by End Users
11.3.7.4 Japan Ostomy Care Market
11.3.7.4.1 Japan Ostomy Care Market by Product Type
11.3.7.4.2 Japan Ostomy Care Market by Surgery Type
11.3.7.4.3 Japan Ostomy Care Market by Shape of Skin Barrier
11.3.7.4.4 Japan Ostomy Care Market by End Users
11.3.7.5 South Korea Ostomy Care Market
11.3.7.5.1 South Korea Ostomy Care Market by Product Type
11.3.7.5.2 South Korea Ostomy Care Market by Surgery Type
11.3.7.5.3 South Korea Ostomy Care Market by Shape of Skin Barrier
11.3.7.5.4 South Korea Ostomy Care Market by End Users
11.3.7.6 Rest of Asia-Pacific Ostomy Care Market
11.3.7.6.1 Rest of Asia-Pacific Ostomy Care Market by Product Type
11.3.7.6.2 Rest of Asia-Pacific Ostomy Care Market by Surgery Type
11.3.7.6.3 Rest of Asia-Pacific Ostomy Care Market by Shape of Skin Barrier
11.3.7.6.4 Rest of Asia-Pacific Ostomy Care Market by End Users
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Ostomy Care Market Overview
11.4.2 Middle East and Africa Ostomy Care Market Forecasts and Analysis
11.4.3 Middle East and Africa Ostomy Care Market Forecasts and Analysis - By Product Type
11.4.4 Middle East and Africa Ostomy Care Market Forecasts and Analysis - By Surgery Type
11.4.5 Middle East and Africa Ostomy Care Market Forecasts and Analysis - By Shape of Skin Barrier
11.4.6 Middle East and Africa Ostomy Care Market Forecasts and Analysis - By End Users
11.4.7 Middle East and Africa Ostomy Care Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Ostomy Care Market
11.4.7.1.1 South Africa Ostomy Care Market by Product Type
11.4.7.1.2 South Africa Ostomy Care Market by Surgery Type
11.4.7.1.3 South Africa Ostomy Care Market by Shape of Skin Barrier
11.4.7.1.4 South Africa Ostomy Care Market by End Users
11.4.7.2 Saudi Arabia Ostomy Care Market
11.4.7.2.1 Saudi Arabia Ostomy Care Market by Product Type
11.4.7.2.2 Saudi Arabia Ostomy Care Market by Surgery Type
11.4.7.2.3 Saudi Arabia Ostomy Care Market by Shape of Skin Barrier
11.4.7.2.4 Saudi Arabia Ostomy Care Market by End Users
11.4.7.3 U.A.E Ostomy Care Market
11.4.7.3.1 U.A.E Ostomy Care Market by Product Type
11.4.7.3.2 U.A.E Ostomy Care Market by Surgery Type
11.4.7.3.3 U.A.E Ostomy Care Market by Shape of Skin Barrier
11.4.7.3.4 U.A.E Ostomy Care Market by End Users
11.4.7.4 Rest of Middle East and Africa Ostomy Care Market
11.4.7.4.1 Rest of Middle East and Africa Ostomy Care Market by Product Type
11.4.7.4.2 Rest of Middle East and Africa Ostomy Care Market by Surgery Type
11.4.7.4.3 Rest of Middle East and Africa Ostomy Care Market by Shape of Skin Barrier
11.4.7.4.4 Rest of Middle East and Africa Ostomy Care Market by End Users
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Ostomy Care Market Overview
11.5.2 South and Central America Ostomy Care Market Forecasts and Analysis
11.5.3 South and Central America Ostomy Care Market Forecasts and Analysis - By Product Type
11.5.4 South and Central America Ostomy Care Market Forecasts and Analysis - By Surgery Type
11.5.5 South and Central America Ostomy Care Market Forecasts and Analysis - By Shape of Skin Barrier
11.5.6 South and Central America Ostomy Care Market Forecasts and Analysis - By End Users
11.5.7 South and Central America Ostomy Care Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Ostomy Care Market
11.5.7.1.1 Brazil Ostomy Care Market by Product Type
11.5.7.1.2 Brazil Ostomy Care Market by Surgery Type
11.5.7.1.3 Brazil Ostomy Care Market by Shape of Skin Barrier
11.5.7.1.4 Brazil Ostomy Care Market by End Users
11.5.7.2 Argentina Ostomy Care Market
11.5.7.2.1 Argentina Ostomy Care Market by Product Type
11.5.7.2.2 Argentina Ostomy Care Market by Surgery Type
11.5.7.2.3 Argentina Ostomy Care Market by Shape of Skin Barrier
11.5.7.2.4 Argentina Ostomy Care Market by End Users
11.5.7.3 Rest of South and Central America Ostomy Care Market
11.5.7.3.1 Rest of South and Central America Ostomy Care Market by Product Type
11.5.7.3.2 Rest of South and Central America Ostomy Care Market by Surgery Type
11.5.7.3.3 Rest of South and Central America Ostomy Care Market by Shape of Skin Barrier
11.5.7.3.4 Rest of South and Central America Ostomy Care Market by End Users
12. IMPACT OF COVID-19 PANDEMIC ON GLOBAL OSTOMY CARE MARKET
12.1 North America
12.2 Europe
12.3 Asia-Pacific
12.4 Middle East and Africa
12.5 South and Central America
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. OSTOMY CARE MARKET, KEY COMPANY PROFILES
14.1. HOLLISTER INCORPORATED
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. NU-HOPE LABORATORIES, INC.
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. CONVATEC GROUP PLC
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. ALCARE CO., LTD.
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. FLEXICARE MEDICAL LIMITED
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. B. BRAUN MELSUNGEN AG
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. 3M
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. COLOPLAST
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. MARLEN MANUFACTURING AND DEVELOPMENT COMPANY
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. WELLAND MEDICAL LIMITED
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
The List of Companies
1. Hollister Incorporated
2. Nu-Hope Laboratories, Inc.
3. ConvaTec Group PLC
4. ALCARE Co., Ltd.
5. Flexicare Medical Limited
6. B. Braun Melsungen AG
7. 3M
8. Coloplast
9. Marlen Manufacturing and Development Company
10. Welland Medical Limited
11. BAO-Health
12. Perma-Type
13. Cymed
14. Schena Ostomy Technologies, Inc.
15. Smith & Nephew
16. Salts Healthcare
17. EuroMed Inc.
18. Torbot Group Inc.
19. Fortis Medical Products
20. Safe n Simple
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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