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Published Date: September, 2019

Ostomy Care Market (Procedure - Colostomy, Ileostomy, and Urostomy; Product Type - Ostomy Bag, and Accessories; End User - Hospitals and Clinics, Ambulatory Surgery Centers, and Home Care): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025


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A recent report published by Infinium Global Research on ostomy care market provides in-depth analysis of segments and sub-segments in the global as well as regional ostomy care market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional ostomy care market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global ostomy care market. According to the report, the global ostomy care market is projected to grow at a CAGR of 4.39% over the forecast period of 2019-2025.

 

Market Insight

Surgical procedures such as ileostomy, colostomy, and urostomy are on the rise. The rising prevalence of colorectal cancer, bowel obstruction, infection, fecal incontinence, diverticular disease and inflammatory bowel diseases (IBD) such as Crohn's disease or ulcerative colitis are the major factors for the rise in ostomy surgical procedures. Cancer is by far the most prevalent reason for the formation of a stoma and has been shown to account for more than half of the cases in large post-marketing clinical studies. However, a stoma operation causes profound changes in a patient’s life because of the resulting physical damage, disfigurement, loss of bodily function, and change in personal hygiene. Therefore, ostomy care products are anticipated to make a great impact in the near future. Ostomy bags are one of the most commonly used ostomy product worldwide.

 

In the U.S., approximately 725,000 to 1million people have an ostomy and about 100,000 new ostomy procedures are performed each year. Furthermore, research suggests that typically ostomy patients are above 50 years. Therefore, increasing geriatric population coupled with increased prevalence of colorectal cancer, bladder cancer, and Crohn’s disease are the key market driving factors responsible for the growth of the ostomy care market. According to CCFA, approximately 1.6 million Americans have inflammatory bowel diseases and the number is anticipated to grow rapidly in the near future. In addition, favorable reimbursement policies in countries with well-established healthcare infrastructure are expected to contribute to the growth of the ostomy care market in the near future. On the other hand, discomfort and issues associated with using the ostomy bags are likely to hamper the growth of the ostomy care market. Moreover, emerging economies such as India, China, and Brazil have experienced a significant rise in the development of healthcare infrastructure in the recent past and this trend is projected to continue over the forecast period.

 

Among the regions, Europe dominates the ostomy care market and is anticipated to remain dominant over the forecast period. The highest reported prevalence of ulcerative colitis values and Crohn's disease were in Norway and Germany. In addition, the high prevalence of colorectal cancer and inflammatory bowel disease also propels the growth of the ostomy care market in Europe. In addition, the presence of several established players such as Coloplast and ConvaTec Inc. in Europe contribute to a significant share in the Europe ostomy care market. North America holds the second-largest share in the ostomy care market. Moreover, a significant market share is attributable to the U.S. owing to the well-established healthcare facilities, favorable reimbursement policies, as well as high spending capacity of the people in the U.S. Approximately 7, 00,000 people are living with a stoma, and in the U.S, more than 1 million people have had a stoma. However, Asia Pacific is anticipated to grow at the fastest rate owing to the developing healthcare infrastructure in this region.

 

Segment Covered

The report on global ostomy care market covers segments such as procedure, product type, and end user. On the basis of procedure, the sub-markets include colostomy, ileostomy, and urostomy. On the basis of product type, the sub-markets include ostomy bag, and accessories. On the basis of end user, the sub-markets include hospitals and clinics, ambulatory surgery centers, and home care.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Coloplast A/S, Hollister Incorporated, ConvaTec Inc., B. Braun Melsungen AG, 3M Company, Nu-Hope Laboratories, Inc., Alcare Co., Ltd., Marlen Healthcare, Smith & Nephew plc, and other companies.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of ostomy care market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.

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