Ileoostomy Market Key Players Analysis, Opportunities, and Growth Forecast by 2031

MARKET OVERVIEW

An ileostomy is a surgical procedure which is perform when rectum or colon cannot function properly. It is an artificial opening which is made during the surgery to form a stoma, where a special bag is placed to collect the digestive waste that pass through the colon and out of the body through the rectum. The procedure involve the removal of colon and in some cases, rectum too.

MARKET SCOPE

The "Global Ileostomy Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the ileostomy market with detailed market segmentation by procedure type, equipment, disease, end-user and geography. The report provides key statistics on the market status of the leading ileostomy market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on procedure type, the global ileostomy market is segmented into loop ileostomy and end ileostomy.
  
•   The equipment segment is classified into belts & girdle, stoma bags, stoma guards and adhesive sprays.
  
•   Based on disease, the ileostomy market is segmented as cancer, crohn's disease, diverticulitis, ulcerative colitis and other disease.
  
•   On the basis of end user, the market is segmented into hospitals, research centers, and ambulatory surgical centers.
  

MARKET DYNAMICS

Drivers

•   Increasing prevalence of inflammatory bowel diseases, such as colon cancer, rectal cancer, familial polyposis
  
•   Rising adoption rate for these devices
  
•   Growing geriatric population
  

Restraints

•   Availability of Alternative Procedures
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The ileostomy market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the ileostomy market in these regions.

IMPACT OF COVID-19 ON ILEOSTOMY MARKET

North American region is highly affected due to the outbreak of the Covid-19 pandemic. Countries such as the US and Canada reported the highest numbers of COVID-19 positive cases. The US-registered highest number of deaths due to the COVID-19 pandemic. The chaotic situation was created in the medical industry across the countries, increased demand for COVID diagnostics and therapeutics have dramatically increased in the hospitals. For instance, demand for ventilators, respirators, and in vitro diagnostic (IVD) tests has risen drastically in the hospitals across the countries. As various hospitals and healthcare organizations are struggling with the spread of disease, various medical device companies have diverted their focus in producing personal protection equipment. Companies are focusing on the production of diagnostic kits and monitoring systems. Also, they are tackling the outbreak through increased corporate social responsibility (CSR) activities. Therefore, it expected that the market for the ileostomy would witness slow growth in the coming one or two years.

MARKET PLAYERS

The report covers key developments in the ileostomy market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from ileostomy market are anticipated to lucrative growth opportunities in the future with the rising demand for ileostomy in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ileostomy market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   3M
  
•   B. Braun Melsungen AG
  
•   Marlen Manufacturing
  
•   Pelican Healthcare Limited
  
•   Coloplast Ltd.
  
•   ConvaTec Inc.
  
•   Flexicare Medical Limited.
  
•   Hollister Incorporated
  
•   Salts Healthcare
  
•   Welland Medical Limited
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Ileostomy Report Scope