Stoma/Ostomy Care Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Japan, China, India, Australia, South Korea, Mexico, Brazil, Saudi Arabia, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025
Report ID: GMI2725
Stoma/Ostomy Care Market size is expected to grow significantly from 2018 to 2024.
Stoma/Ostomy Care market is anticipated to grow considerably during the forecast timeframe owing to high demand for ostomy care products in the hospitals as well as at home. Growing prevalence of cancer has driven the industry growth drastically. Currently, in U.S. there are around 97,220 new cases of colon cancer and around 26,240 cases of stomach cancer that will boost the demand for stoma/ostomy care consumables thereby enhancing the overall industry growth.
Technological advancements in ostomy products should boost their demand. The manufacturing companies have adopted advanced technology, and integration of such technology has enabled ease of usage of ostomy products that will drive industry growth. For instance, companies try to add improvisations to the ostomy products enabling reduction in odor and providing control over pH thereby preventing skin infections boosting the business growth. Around 1.6 million people in the U.S. suffer from inflammatory bowel disease that increases the demand for stoma and ostomy care products thereby stimulating the industry growth.
Furthermore, development of favorable reimbursement scenario will enhance the business growth. For instance, Ostomy Canada Society arranges certain ostomy reimbursement programs for the geriatric population that is more prone to chronic conditions such as cancer. In the U.S., around 87% of the cancer cases are in the age group of 50 years and above, thus, development of favorable reimbursement scenario will resolve the affordability issues of the geriatric population boosting the industry growth.
Social stigma and discomfort associated with such bags and products will hamper the market growth. Many people suffering through chronic conditions such as irritable bowel syndrome and stomach cancer experience discomfort while using such products, thus proving to be an obstacle for the market growth.
Colostomy segment will lead the market owing to availability of user-friendly ostomy products that support the recovery of patients. Moreover, developmental initiatives undertaken by the ostomy associations in the U.S. have surged the segment demand. For instance, United Ostomy Association of America have implemented certain decisions to train the surgeons and are involved in spreading awareness regarding prevention of infections and other side effects due to usage of drainable bags.
Two-piece ostomy bags will dominate the type segment due to less frequent skin barrier changes offered by these bags. Moreover, some other advantages offered by these bags such as light-weight, water resistant and others over the conventional ones available will prove beneficial for business growth. Moreover, growing cases of colorectal cancer will surge segment growth.
Drainable bags business will witness high growth in upcoming years owing to their increasing preference over the closed pouches. Moreover, such pouches are easy to clean and dispose that increases their preference amongst the geriatric population suffering through severe conditions.
Homecare settings business segment should expand owing to the increasing geriatric population that requires ostomy care. High frequency of stomach and colon cancer amongst the geriatric population will elevate the demand for use of ostomy products such as drainable bags and close-end bags that offers comfort to the patients.
U.S. stoma/ostomy care market is most likely to account for largest market share owing to increasing rates of technology adoption. Increasing technological advancements in the devices have aided improvisations in the ostomy care products increasing its preference amongst the geriatric population. Also, growing awareness amongst the adult population regarding the availability of drainable pouches that are easy to use have surged the industry growth. For instance, more than 13% of all cancers in the U.S. are detected amongst the adult population that will enhance the overall industry growth.
Some of the major industry players operating in the ostomy market are Coloplast, Hollister Incorporated, B. Braun, Alcare, Nu-Hope, Marlen, Welland Medical, Bao-Health, Flexicare Medical, Cymed, Schena, Perma-Type, 3M, Smith & Nephew. These companies have sustained the market competition by undertaking certain initiatives such as new product development, mergers and acquisitions. For instance, Coloplast has developed new product SenSura urostomy that is provided with a discrete pouch and provides maximum comfort to the patients. Development of superior quality new products will enhance the company’s product portfolio thereby generating huge profits.
Stoma/Ostomy Care Market by Surgery, 2013-2024 (USD Million)
Stoma/Ostomy Care Market by System, 2013-2024 (USD Million)
- One-Piece Systems
- Two-Piece Systems
- Skin Barriers
Stoma/Ostomy Care Market by Usability, 2013-2024 (USD Million)
- Drainable Bags
- Closed-End Bags
Stoma/Ostomy Care Market by End-use, 2013-2024 (USD Million)
- Home Care Settings
- Hospitals & Ambulatory Surgical Centers
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
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