According to the latest report by IMARC Group, titled “Stoma/Ostomy Care Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on stoma/ostomy care market outlook. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global stoma/ostomy care market size reached US$ 3.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.1 Billion by 2027, exhibiting a growth rate (CAGR) of 4.06% during 2022-2027.
A stoma, or bowel diversion, represents an ostomy opening in the abdomen used to assist the removal of intestinal contents from the body. It can be temporary or permanent and require special care for effective treatment. Commonly utilized stoma/ostomy care devices include bags, barrier rings, pouch covers, seals, closures, caps, etc. These instruments are air- and water-tight and are attached to the abdominal wall to collect the waste material. As a result, stoma/ostomy care devices find extensive utilization in hospitals, specialty clinics, home care settings, etc.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Stoma/Ostomy Care Market Trends:
The escalating prevalence of inflammatory bowel disease (IBD), Crohn’s disease, and colorectal and bladder cancer is primarily driving the stoma/ostomy care market. In line with this, the rising geriatric population, which is more susceptible to chronic ailments, is further augmenting the market growth. Moreover, the development of innovative stoma/ostomy care products that aid in minimizing odor and providing pH control to prevent skin infections is also catalyzing the global market. Apart from this, the growing health consciousness and awareness among the masses towards the several benefits of these devices is acting as another significant growth-inducing factor. Furthermore, the launch of various policies by the government bodies to promote effective medical maintenance and the expanding healthcare infrastructure are anticipated to propel the stoma/ostomy care market over the forecasted period.
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- 3M Co.
- Alcare Co. Ltd.
- Braun
- BAO Health Medical Instrument Co. Ltd.
- Coloplast A/S
- ConvaTec Group Plc
- Flexicare Medical Limited
- Hollister Incorporated
- Marlen Manufacturing & Development Company
- Nu-Hope Laboratories Inc.
- Schena Ostomy Technologies Inc.
- Welland Medical Limited (Drive DeVilbiss Healthcare Ltd.)
Stoma/Ostomy Care Market Segmentation:
Our report has categorized the market based on region, product, end user and surgery.
Market Breakup by Product:
- Ostomy Bags
- By Usability
- Drainable Bags
- Closed-end Bags
- By Type
- One-piece System
- Two-piece System
- By Shape of Skin Barrier
- Flat Base Bags
- Convex Bags
- Ostomy Accessories
Market Breakup by End User:
- Home Care Settings
- Hospitals & Specialty Clinics
Market Breakup by Surgery:
- Ileostomy
- Colostomy
- Urostomy
Market Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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