Stoma Care Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET OVERVIEW
An opening on the abdomen, known as a stoma, allows waste (feces or urine) to be channeled out of the body. It can be connected to either the digestive or urinary system. It resembles a little, round bit of pinkish flesh sewed to the body. It could stick out or be rather flat against the body. The patient will wear a pouch that may be closed or have a bottom opening over the top of the stoma. The patient shouldn't experience any pain from the stoma because it lacks nerve endings. According to data from the NHS, 176,824 people in the UK have stomas, with colorectal cancer, bladder cancer, ulcerative colitis, crohn's disease, and accidental damage are being the most common causes of stoma surgery. A stoma can be temporary or may be permanent, depending on the cause.
Furthermore, there are several types of stoma, depending on the procedure used to create them, including colostomy, urostomy, and ileostomy. Furthermore, the stoma care market is primarily driven by increased incidences of colorectal and bladder cancer, inflammatory bowel diseases (IBD) such as ulcerative colitis and crohn's disease, adoption of cutting-edge technology, and growing consumer awareness of stoma care products.
ARKET SCOPE
The “Global stoma care market analysis to 2030” is a specialized and in-depth study of the medical device industry with a special focus on global market trend analysis. The report aims to provide an overview of the stoma care market with detailed market segmentation by product type, application, end use and geography. The report provides key statistics on the market status of the leading stoma care market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The stoma care market is segmented based on product type, application, end use, and region. Based on product type, the global stoma care market is differentiated into closed bags, open/ drainable bags, one-piece bags, two-piece bags, and others. By application, the stoma care market is segmented into colostomy, Ileostomy, and urostomy. Based on end use, the market is classified into Homecare settings, hospitals, and others.
MARKET DYNAMICS
Drivers-
The rising incidences of inflammatory bowel disorders (IBD), such as ulcerative colitis or Crohn's disease, and colorectal cancer, which leads to increase in ostomy surgery cases, is the major factor driving the growth of market under study. According to World Health Organisation (WHO) statistics from July 2021, the number of colorectal cancer cases are expected to increase by over 70% by 2030 on global level. Additionally, according to GLOBOCAN statistics, 57,528 new colorectal cancer (CRC) cases were reported in Germany in 2021, making it the fourth most frequent cancer among Germans. Over the projection period, it is anticipated that developing effective and acceptable pouching systems and related accessories, which aid in improving the quality of life for ostomy patients, would expand the stoma care market. For instance, Trio Healthcare introduced Trio Siltac, a silicone-based ostomy seal. The only company that sells silicone-based ostomy seals is Trio Ostomy Care. This item helps to stop leaks and safeguard the skin around the stoma.
Moreover, technical advancement on stoma care products and increase in campaigns to educate people about ostomies is further expected to fuel market growth. For instance, every year on the first Saturday in October, the Hollister Incorporated celebrate World Ostomy Day to promote ostomy care. The general public will become more aware of stoma care owing to such initiatives, supporting stoma care market growth. Thus, during the forecast period, all the aforementioned factors are anticipated to positively impact the stoma care market.
REGIONAL FRAMEWORK
Europe was the leading revenue contributor in the global stoma care market. Over the forecast period, the region is anticipated to have significant growth. During the projected period, factors such as new product developments and increased stoma patients due to ulcerative colitis and IBD are anticipated to propel the market's growth in Europe. According to MedTech Europe, around 700,000 people in European Union have ostomies. According to NCBI, inflammatory bowel disorders (IBD), including Crohn's disease or ulcerative colitis, is rapidly becoming more common in European nations. The Journal of Crohn's and Colitis reports that ulcerative colitis and Crohn's disease are becoming more common in Europe. According to estimates, IBD affects 0.3% of Europe's entire population. The U.K. recorded the greatest occurrence, whereas eastern and southern Europe recorded the lowest. Thus, market development in Europe is mostly driven by the rising incidence of IBD.
During the forecast period, major factors driving the Asia Pacific stoma care Market includes increase in awareness programs and increasing healthcare expenditure. For instance, In 2020, the government invested US$ 25,843.4 million in healthcare. The Indian government has steadily increased this expenditure to 2.5% of GDP by 2025 through its National Health Policy. Due to rising healthcare costs, hospitals are being built in Greenfield and Brownfield areas. As a result, the revenue in the medical device business has expanded as new capital systems outfitted with cutting-edge technology are installed at various healthcare institutions.
Furthermore, to increase awareness among ostomy patients, several nursing centers in the region organize various programs, including educational seminars and motivational programs. Seminars, educational programs, support gatherings and demonstrations, electronic information networks, magazine announcements, articles and advertising, and video and audio announcements are just a few of the methods used to increase awareness in the region and contributing to the overall stoma care market growth.
Stoma Care Market Report Analysis
CAGR (2023 - 2031)
US$ XX Million
US$ XX Million
Report Coverage
Key Players
Regional Overview
Market Segmentation
By Product Type
By Application
By End Use
The report covers key stoma care market developments, such as organic and inorganic growth strategies. Various companies such as ALCARE Co., Ltd., Braun Melsungen AG, Coloplast A/S, ConvaTec Group Plc., Cymed, Hollister Inc., Marlen Manufacturing & Development Co., Nu-Hope Laboratories, Perma-Type Company, Inc., Salts Healthcare, Welland Medical Ltd, and among others 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 market were acquisitions, partnerships & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market players from the stoma care market are anticipated to have lucrative growth opportunities with the rising demand for stoma care products in the global market.
Key Developments in the Global Stoma care market
- In January 2023, OstomyCure reported that the clinical trial using its unique, ground-breaking titanium port TI,ES implant technology, has reached its full patient enrollment milestone. To efficiently close and open the stoma, a lid can be affixed to the TIES titanium port implant, which can be inserted inside the stoma.
- In February 2022, Coloplast launched SenSura Mio features body fit technology for stoma care in Singapore. SenSura Mio is an elastic adhesive technology suitable for all peristomal body profiles.
- In June 2021, Welland launched Aurum Plus line of ostomy pouches. The new pouches have three sizes: closed, drainable, and urostomy. The original goal of Aurum Plus was to provide ostomates with additional comfort, confidence, and choice.
The report also includes key companies' profiles, their SWOT analysis, and stoma care market size and strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information for the last three years, and key development in the past five years.
The Insight Partner’s dedicated research and analysis team comprises experienced professionals with advanced statistical expertise and offers various customization options in the current study.
Stoma Care Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2023 - 2031) | XX% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
The List of Companies
1. ALCARE CO., LTD.
2. BRAUN MELSUNGEN AG
3. COLOPLAST A/S
4. CONVATEC GROUP PLC.
5. CYMED
6. HOLLISTER INC.
7. MARLEN MANUFACTURING & DEVELOPMENT CO.
8. NU-HOPE LABORATORIES
9. PERMA-TYPE COMPANY, INC.
10. SALTS HEALTHCARE
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