Stoma/Ostomy Care Market Size to Reach US$ 5.78 Billion by 2030
Global Stoma/Ostomy Care Market report suggests that the key market players are making moves like product launches, joint ventures, developments, mergers and acquisitions which has influence on the market and Healthcare industry as a whole and also affecting the sales, import, export, revenue and CAGR values. The market data analysed and evaluated in this market report makes achieve business goals and objectives in preset time frame. Painstakingly analysed market segmentation aspect provides a clear idea about the product consumption based on numerous factors ranging from type, application, deployment model, end user to geographical region.
Data Bridge Market Research analyses that the stoma/ostomy care market, which was USD 3.71 billion in 2022, is expected to reach USD 5.78 billion by 2030, at a CAGR of 5.7% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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According to the Centers for Disease Control and Prevention (CDC), approximately 3 million (1.3%) U.S. adults have IBD (Crohn’s disease or ulcerative colitis). The rising prevalence of inflammatory bowel disease at the global level is expected to fuel the growth of the market. An ostomy procedure alters bodily waste, such as urine or stool, and exits the body. It can protect the abdominal cavity, allowing damaged or inflamed digestive system parts to heal. The waste from the body passes through the abdomen and collects in a pouch that fits outside the body. An ostomy is a surgical procedure in which a surgeon makes an incision in the abdomen and connects a portion of the intestine to the abdominal wall, allowing stool to exit the body through the abdomen rather than the rectum.
An ostomy device is a piece of prosthetic medical equipment that collects waste from a surgically diverted biological system (colon, ileum, or bladder) and creates a stoma. Congenital disabilities, bladder cancer, inflammatory bowel disease, diverticulitis, obesity, and other medical conditions may necessitate an ostomy. It is divided into three types: colostomy, urostomy, and ileostomy.
Drivers
- Increase in usage of ostomy drainage bags
Ostomy bags are primarily used to collect urine or stool following surgery, depending on the type of surgery. It is frequently used as a last resort when other treatments have failed to relieve the pain and discomfort of ulcerative colitis (U.C.). Almost one out of every 500 Americans has an ostomy drainage bag. Approximately 30% of people with U.C. will require ostomy bags at some point, either temporarily or permanently. In some cases, such as when the colon is removed due to cancer, the use of ostomy drainage bags may be permanent. Bags and pouches are also very discreet these days and can be worn under almost any type of clothing. The increased use of ostomy drainage bags will have a positive impact on the demand for ostomy drainage bags during the forecast period.
- Growing healthcare expenditure
The government spent INR 213,719.6 crore on healthcare in 2018. Through its National Health Policy, the government of India has taken regular steps to increase this expenditure to 2.5% of the country’s GDP by 2025. Increased healthcare spending has resulted in Greenfield and Brownfield hospital development. As a result, as new capital systems equipped with cutting-edge technology are installed at various healthcare facilities, revenue in the medical device industry has increased.
Recent developments
- In July 2021, Trio Healthcare received $10 million in funding from SWK Holdings Corporation, a U.S. specialist finance company. The funding will help Trio’s R&D, and manufacturing teams scale up operations to support a large-scale global rollout of Trio’s Genii stoma bag.
- In June 2021, Welland announced the launch of its brand-new ostomy pouch range Aurum Plus. The new pouches are available in closed, drainable, and urostomy sizes. Aurum Plus started as an idea to give ostomates more options, comfort, and confidence.
- In May 2021, ConvaTec and Vizient signed an extended agreement under which ConvaTec will continue to support ostomy patients with quality ostomy products and accessories, as well as the me+TM support program, throughout the continuum of care.
Stoma/Ostomy Care Market Scope and Segmentation
| REPORT METRIC | DETAILS |
| Forecast Period | 2023 to 2030 |
| Base Year | 2022 |
| Historic Years | 2021 (Customizable to 2015 – 2020) |
| Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
| Segments Covered | Product (Ostomy Care Bags, Ostomy Care Accessories), End-User (Home Care, Hospitals, Ambulatory Surgical Centers, Clinics) |
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Some of the major players operating in the stoma/ostomy care market are:
- Coloplast Corp (U.S.)
- Hollister Incorporated (U.S.)
- ConvaTec Group PLC (U.K.)
- Salts Healthcare (U.K.)
- B. Braun SE (Germany)
- 3M (U.S.)
- ALCARE Co., Ltd. (Japan)
- Flexicare (Group) Limited (U.K.)
- Henkel Adhesives Technologies India Private Limited (Germany)
- Marlen Manufacturing & Development Company (U.S.)
- Nu-Hope Laboratories, Inc. (U.S.)
- OxMed International GmbH (Germany)
- Smith+Nephew (U.K.)
- Torbot Group, Inc. (U.S.)
- Welland Medical Limited (U.K.)
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the this research report
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Top Key Topics Covered:
- Strategic Imperatives
- Factors Creating Pressure on Growth
- The Strategic Imperative
- Growth Opportunities Fuel the Growth Pipeline Engine
- Research Methodology
- Scope and Segmentation
- Research Context and Scope of Analysis
- Segmentation
- Other Techniques for This Research Report Management
- Growth Opportunity Analysis
- Growth Drivers
- Growth Restraints
- Introduction
- The Impact of the COVID-19 Pandemic and Post
- Future Growth
- Innovation Ecosystem
Continued…
Stoma/Ostomy Care Market Scope
The stoma/ostomy care market is segmented on the basis of product and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Bags
- Surgery type
- Ileostomy
- Colostomy
- Urostomy
- System type
- One-piece system
- Two-piece system
- Skin barrier
- Usability
- Drainable
- Closed-end
- Shape of skin barrier
- Flat
- Convex
- Accessories
- Pastes and powders
- Creams
- Cleansers
- Deodorants
- Tapes
- Adhesive removers and pouches
End Users
- Ambulatory Surgical Centers
- Hospitals
- Home Care
- Others
Browse Detailed Summary of Research Report with TOC: https://www.databridgemarketresearch.com/toc/?dbmr=global-stoma-ostomy-care-market&Shri
Some of the Most Important Questions Scrutinized in the Business Intelligence Report:
- What are the key growth parameters for this global market during the forecast period?
- Which key players are expected to hold the largest market share over the forecast period?
- Who are the leading vendors and manufacturers in this market?
- What are the key strategies adopted by leading players in the market for business development and geographical expansion?
- Which end-use industries can trigger high demand in the market over the forecast period?
- What are the key segments in this market?
- Which regional player will have anticipated leading the global market in terms of size?
- What is the impact of the novel coronavirus pandemic?
- Which obstacles must new players overcome in order to occupy a major position?
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