Australia Ostomy Care And Accessories Market Size & Outlook
Australia ostomy care and accessories market, 2018-2030 (US$M)
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Australia ostomy care and accessories market highlights
- The Australia ostomy care and accessories market generated a revenue of USD 55.7 million in 2023 and is expected to reach USD 85.7 million by 2030.
- The Australia market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, bags was the largest revenue generating product in 2023.
- Accessories is the most lucrative product segment registering the fastest growth during the forecast period.
Ostomy care and accessories market data book summary
| Market revenue in 2023 | USD 55.7 million |
| Market revenue in 2030 | USD 85.7 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Bags |
| Fastest growing segment | Accessories |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bags, Accessories |
| Key market players worldwide | Coloplast A/S ADR, ConvaTec Group PLC, Hollister, Marlen Manufacturing and Development Co., Nu-Hope Laboratories, Perfect Choice Medical Technologies, Safe N Simple, AdvaCare Pharma, CyMed, Eakin Healthcare Group, Alcare Diagnostics & Research Center |
Other key industry trends
- In terms of revenue, Australia accounted for 1.5% of the global ostomy care and accessories market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China ostomy care and accessories market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 146.9 million by 2030.
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Ostomy Care And Accessories Market Scope
Ostomy Care And Accessories Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia ostomy care and accessories market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ostomy care and accessories market will help companies and investors design strategic landscapes.
Bags was the largest segment with a revenue share of 81.87% in 2023. Horizon Databook has segmented the Australia ostomy care and accessories market based on bags, accessories covering the revenue growth of each sub-segment from 2018 to 2030.
The market for ostomy care in Australia is mainly driven by increasing awareness through government initiatives. For instance, the Australian Council of Stoma Associations Inc. provides support services to stoma patients throughout Australia.
In line with this, the association has published “Ostomy Australia”, a journal to deliver up-to-date information on innovations in ostomy products & on ostomy-related activities and the provision of assistance to disadvantaged ostomates in other countries through “the Australia Fund”, among others.
In addition, it promotes quality care with a wide range of specific needs. Thus, increasing number of government initiatives pertaining to ostomy care would drive market growth in Australia during the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia ostomy care and accessories market , including forecasts for subscribers. This country databook contains high-level insights into Australia ostomy care and accessories market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia ostomy care and accessories market size, by product, 2018-2030 (US$M)
Australia Ostomy Care And Accessories Market Outlook Share, 2023 & 2030 (US$M)
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