Latin America Ostomy Care And Accessories Market Size & Outlook
Latin America ostomy care and accessories market, 2018-2030 (US$M)
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Latin America ostomy care and accessories market highlights
- The Latin America ostomy care and accessories market generated a revenue of USD 425.6 million in 2023.
- The market is expected to grow at a CAGR of 5.8% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 425.6 million |
| Market revenue in 2030 | USD 633.1 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | Bags |
| Fastest growing segment | Accessories |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 11.5% of the global ostomy care and accessories market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 839.7 million by 2030.
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Ostomy Care And Accessories Market Scope
Ostomy Care And Accessories Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 84.66% in 2023. Horizon Databook has segmented the Latin America ostomy care and accessories market based on bags, accessories covering the revenue growth of each sub-segment from 2018 to 2030.
Factors such as advancements in ostomy care products and an increase in geriatric population are among the major factors driving the growth of the ostomy care and accessories market in Latin America.
Companies such as Coloplast Group, Hollister Inc., and ConvaTec Inc. have been heavily investing in R&D. Geriatric population is more susceptible to diseases such as colon cancer, rectum cancer, and bladder cancer.
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Target buyers of Latin America ostomy care and accessories market databook
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Our clientele includes a mix of ostomy care and accessories market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America ostomy care and accessories market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America ostomy care and accessories market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America ostomy care and accessories market size, by country, 2018-2030 (US$M)
Latin America Ostomy Care And Accessories Market Outlook Share, 2023 & 2030 (US$M)
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