Ostomy Care Market: Current Analysis and Forecast (2022-2028)

Ostomy Care Market: Current Analysis and Forecast (2022-2028)

The ostomy care market is expected to register a CAGR of approx. 5% over the period of 2022-2028. An ostomy is a surgical procedure that opens your abdominal wall. This opening connects an area within the body to the outside world, typically through your abdominal muscles and skin. Ostomy surgery alters the way waste exits the body. Ostomy procedures frequently remove fecal waste (poop), but they can also remove urine (pee). The growing demand for ostomy care can be attributed to the Increasing prevalence of colorectal cancer across the globe. For instance, according to Cancer.Org, in 2022, colorectal cancer is the third most common cancer diagnosed in the United States. 106,180 new cases of colon cancer are detected in United States. Owing to the glaring statistics, the increasing number of patient suffering from colorectal cancer is leading to the growing demand for ostomy care and would contribute to the growth of the market in the forthcoming period as well. Furthermore, the ostomy care market is anticipated to grow on account of the increase in healthcare spending and rise in favorable reimbursement system in developed countries. However, some of the restraints in the market including the rising discomfort and other issues associated with the use of ostomy bags and the rising adoption of alternative treatments are impeding the growth of this market all over the world.

  • Based on the products, the ostomy care market is segmented into ostomy bags and ostomy accessories. The ostomy bags segment accounted for a significant market share. It is estimated that it will grow rapidly during the projected timeframe owing to an upsurge of temporary and permanent stoma surgeries among people suffering from Inflammatory Bowel Disease, and small and large intestine cancer.
  • Based on the application, the market is fragmented into colostomy, ileostomy, and urostomy. The colostomy segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. The elderly population and the high frequency of colon cancer are the major factors driving the segment.
  • Based on the end-users, the market is fragmented into homecare settings, hospitals, and others. The homecare setting segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period Homecare settings ensure ongoing stoma care by trained nurses. It provides proper care to a patient, which significantly reduces the risk of ostomy-related complications, thereby reducing emergency visits to hospitals.
  • For a better understanding of the market adoption of ostomy care, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Europe constitutes a major market for the ostomy care industry owing to an increase in the number of stoma patients due to Crohn’s disease and ulcerative colitis or Inflammatory Bowel Disease.
  • Some of the major players operating in Coloplast, B. Braun Melsungen AG, Hollister Incorporated, ConvaTec Inc., Salts Healthcare, Marlen Manufacturing, Flexicare Medical Limited, 3M, Smith & Nephew, Welland Medical Limited among others. Several M&A’s along with partnerships have been undertaken by these players.


1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Main Objective
1.3. Stakeholders
1.4. Limitation
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Process of the Ostomy Care Market
2.2. Research Methodology of the Ostomy Care Market
2.3. Respondent Profile
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 IMPACT OF COVID-19 ON THE OSTOMY CARE MARKET
6 GLOBAL OSTOMY CARE MARKET REVENUE (USD BN), 2020-2028F
7 MARKET INSIGHTS BY PRODUCT
7.1. Ostomy Bags
7.1.1. One-piece Bag
7.1.2. Two-piece Bag
7.2. Ostomy Accessories
7.2.1. Stoma Rings
7.2.2. Ostomy Flanges
7.2.3. Flange Extenders
7.2.4. Barriers
7.2.5. Others
8 MARKET INSIGHTS BY APPLICATION
8.1. Colostomy
8.2. Ileostomy
8.3. Urostomy
9 MARKET INSIGHTS BY END-USER
9.1. Homecare Settings
9.2. Hospitals
9.3. Others
10 MARKET INSIGHTS BY REGION
10.1. North America
10.1.1. The U.S.
10.1.2. Canada
10.1.3. Rest of North America
10.2. Europe
10.2.1. Germany
10.2.2. The U.K.
10.2.3. France
10.2.4. Italy
10.2.5. Spain
10.2.6. Rest of Europe
10.3. Asia-Pacific
10.3.1. China
10.3.2. Japan
10.3.3. Australia
10.3.4. India
10.3.5. Rest of Asia-Pacific
10.4. Rest of World
11 OSTOMY CARE MARKET DYNAMICS
11.1. Market Drivers
11.2. Market Challenges
11.3. Impact Analysis
12 OSTOMY CARE MARKET OPPORTUNITIES
13 OSTOMY CARE MARKET TRENDS
14 DEMAND AND SUPPLY SIDE ANALYSIS
14.1. Demand Side Analysis
14.2. Supply Side Analysis
15 VALUE CHAIN ANALYSIS
16 COMPETITIVE SCENARIO
16.1. Competitive Landscape
16.1.1. Porter’s Five Forces Analysis
17 COMPANY PROFILED
17.1. Coloplast
17.2. B. Braun Melsungen AG
17.3. Hollister Incorporated
17.4. ConvaTec Inc.
17.5. Salts Healthcare
17.6. Marlen Manufacturing
17.7. Flexicare Medical Limited
17.8. 3M
17.9. Smith & Nephew
17.10. Welland Medical Limited
18 DISCLAIMER

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