Stoma or Ostomy Care Market size was valued at USD 3 Bn. in 2021 and market is expected to grow by 5 % from 2022 to 2029, reaching nearly USD 4.43 Bn.
Stoma or Ostomy Care Market Overview:
The primary goal of this research is to assist the user in understanding the Stoma or Ostomy Care Market in terms of definition, segmentation, market potential, significant trends, and the problems that the Stoma or Ostomy Care industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
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Stoma or Ostomy Care Market Scope:
The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
Stoma or Ostomy Care Market Segmentation:
Depending on Type With over 85.0% of total revenue in 2020, the bags segment dominated the market for stoma ostomy care and accessories. The two types of stoma/ostomy bags are one-piece and two-piece bags. Stoma Medical devices called ostomy bags are used to collect urine or feces. The most typical combinations that they are used with are urostomies, ileostomies, and colostomies. As a result, the market is being driven by a rise in spinal cord injuries, radiation damage, urine incontinence, and bladder cancer cases. For instance, the CDC calculated that the mean hospitalization costs for Crohn's disease and ulcerative colitis in the United States were USD 11,345 and USD 13,412 respectively, contributing to the segment's growth.
according to the application The colostomy category dominated the market for ostomy care and accessories in 2020, accounting for the largest revenue share of 45.9%, as a result of an increase in the senior population, a high incidence of colon cancer, as well as concomitant colostomy procedures. The American Cancer Society reports that there were 44,180 new cases of rectal cancer and 101,420 new cases of colon cancer in the country in 2019. Colostomy bags will therefore continue to be in high demand over the anticipated time period. Additionally, the availability of numerous colostomy bag types, including drainable and closed system bags that are perfect for specific patient needs, is boosting sector growth during the course of the forecast period.
Home care settings, which accounted for 45.4% of total revenue in 2020, dominated the market based on end-use and are expected to expand at the quickest rate throughout the forecast period. It is anticipated that this industry would grow as a result of the rise in demand for home healthcare services. Home care services ensure that a patient gets the right care and continues to receive ostomy care from qualified nurses. This significantly reduces the possibility of ostomy-related issues, which leads to fewer trips to the emergency room. Ostomy care at home includes replacing and emptying ostomy bags as well as maintaining a healthy stoma. The sector is anticipated to grow as a result of rising demand for home care services and the availability of qualified nurses in both developed and developing economies.
1 Global Stoma or Ostomy Care Market, by Product (2022-2029)
• Bags
o One Piece
o Two Piece
• Accessories
o Seals/Barrier Rings
o Pouch Cover
o Pouch Closures
o Stoma Caps/Hat
• Others
2 Global Stoma or Ostomy Care Market, by Application (2022-2029)
• Colostomy
• Ileostomy
• Urostomy
3 Global Stoma or Ostomy Care Market, by End-use (2022-2029)
• Home Care Settings
• Hospitals
• Others
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Stoma or Ostomy Care Market Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Stoma or Ostomy Care market are
1. Coloplast Corp
2. Hollister Incorporated
3. B. Braun Melsungen AG
4. ConvaTec Inc.
5. Salts Healthcare
6. Welland Medical Limited
7. Flexicare Group Limited
8. Alcare Co. Ltd.
9. Cymed Micro Skin
10.Marlen Manufacturing & Development Company
11.Nu-Hope Labs
12.Torbot Group Inc.
13.Smith & Nephew
14.Perma-Type Company Inc
15.3M
16.Scapa Healthcare
17.Tytex A/S
18.Prowess Care
19.Safe N Simple
20.Schena Ostomy Technologies
21.Avitr Farmica
22.Zhejiang Ailebao Medical Technologies Co. Ltd.
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Regional Analysis:
The report focuses on Global Regions and Market Size of Stoma or Ostomy Care, and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact Analysis on Stoma or Ostomy Care Market:
The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Stoma or Ostomy Care industry in 2021.
Key Questions Answered in the Stoma or Ostomy Care Market Report are:
- What is the function of Stoma or Ostomy Care?
- What is the predicted revenue generation of the Stoma or Ostomy Care market?
- At what growth rate is the Stoma or Ostomy Care market evolving?
- Who are the major market giants operating in the Stoma or Ostomy Care market?
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Stoma or Ostomy Care Market Research Report: Information by Type (Two-Piece Systems and One-Piece Systems), by Facility of Use (Homecare and Hospitals & Ambulatory Surgical Centers) and by Region (Americas, Europe, Asia-Pacific, Middle East & Africa) - Forecast till 2027Overview:The global report on the stoma or ostomy market has predicted a substantial rise in the market volume, owing to which the valuation would cross USD 1210.9 million by 2024.
Market Research Future (MRFR) predicted that the global stoma or ostomy care market can achieve this valuation by registering a rise by 7.2% CAGR during the forecast period (2019-2024).Various factors could inspire better growth strategies for stoma or ostomy care market.
These factors are increasing prevalence of colorectal disease that can impact the digestive system of the body, increasing cases of inflammatory bowel disease (IBD), intestinal cancer, urinary tract infection, and others can impact the growth of the market.
Both government and private organizations are taking initiatives to ensure better market growth.On the flip side, post-operative trauma and risk can prevent the market from having a smooth growth in the coming years.
The segment is becoming popular due to its durability and easy functionality.By facility of use, the global report includes homecare and hospitals & ambulatory surgical centers.
Europe would show similar growth opportunities with Germany, France, the UK, and Russia playing prominent roles in taking the market ahead.
