Stoma or Ostomy Care Market: Global Industry Analysis and Forecast (2023-2029)

Stoma or Ostomy Care Market size was valued at USD 3 Bn. in 2021 and market is expected to grow by 5 % from 2022 to 2029, reaching nearly USD 4.43 Bn.
Stoma or Ostomy Care Market Overview:
The stoma is a surgically created aperture that permits farces to flow from the urinary system or gut. It is made using surgical instruments in the lower region of the abdomen to discharge trash from the digestive system. The many ostomy segments include colostomy, urostomy, and ileostomy. These procedures are done on patients based on the severity of the ailment.

Ostomy procedures are done on people who have inflammatory bowel disease (IBD), which includes ulcerative colitis or Crohn's disease, infection, malfunctioning or obstruction of the gut or urinary system, intestinal cancer, and any accident-related injury to a particular portion. The ostomy procedure allows patients to release biological waste through the small or large intestine. The surgical technique brings the end opening of the intestine to the skin surface, where an external accessory such as a pouch or bag is inserted outside of the body.

In the United States, approximately 1.6 million people suffer from inflammatory bowler disease, and according to current reports, 97,220 cases of colon cancer and approximately 26,240 cases of stomach cancer, are continuously increasing the demand for stoma or ostomy, thus stimulating market growth. There are several factors driving the growth of the stoma or ostomy care market, including the advancement of ostomy devices, the participation of manufacturing businesses in sophisticated technologies, and the simplicity of the use of the goods. Ostomy products provide pH regulation, which reduces skin infection and is expected to drive market expansion.

This research includes all of the information about the stoma or ostomy care market, as well as market strengths. The study also includes a summary of dynamics, segmentation, significant players, geographical analysis, and other critical elements. The paper also includes a comprehensive examination of the stoma or ostomy and a prognosis through 2024.

To know about the Research Methodology:-Request Free Sample Report
Report Scope:
The report on Stoma/Ostomy Care provides a quantitative analysis of market size, price, M&A, demand, and supply chain, investment and expansion plans by key competitors, and predictions. Porter's five forces study explains how buyers and suppliers build supplier-buyer networks and make profit-driven decisions. The present Stoma or Ostomy Care Market potential is assessed through detailed analysis and segmentation. The analysis will provide investors with a full insight into the industry's future, as well as the elements likely to affect the firm favorably or adversely.

The research offers a complete understanding of the market for those investors wishing to invest. This study contains scenarios for the Stoma/Ostomy Care Market from the past and present, along with projected market numbers.

The report's thorough analysis of important competitors, including market leaders, followers, and new entrants, covers every aspect of the market. The research contains strategic profiles of the top market participants, a full examination of their key competencies, and their company-specific plans for the introduction of new products, growth, partnerships, joint ventures, and acquisitions. With its clear portrayal of competitive analysis of significant companies by product, pricing, financial condition, product portfolio, growth strategies, and regional presence in the domestic as well as the local market, the research acts as an investor's guide.
Stoma or Ostomy Care Market Dynamics:
Market Growth Drivers:

Multiple e-commerce sites offering stoma/ostomy care and accessories

The presence of multiple e-commerce sites offering stoma/ostomy care and accessories drives product sales through this sales channel. Amazon, Stomabags, and Express Medical Supply Inc. are among the well-known e-commerce companies that provide large savings, warranties, and rapid customer support on stoma ostomy care products. Some hospitals, groups, and local and regional organizations are also attempting to raise awareness regarding stoma ostomy care items and accessories. One of the primary drivers of the stoma ostomy care and accessories market is technological advances in stoma ostomy care products. The market is likely to be driven by the development of appropriate and efficient pouching systems and related accessories that aid in enhancing the quality of life of stoma ostomy patients. Some of the leading market participants spending heavily on R&D to introduce new products are Coloplast Group, ConvaTec, Inc., and Hollister.

Colorectal cancer is the fourth most prevalent disease and the second leading cause of cancer-related deaths in the United States, according to a report published on NCBI. Colorectal cancer risk increases with age since it is most typically diagnosed in adults aged 65-74 years. Additionally, the frequency of colorectal cancer is growing in Asian nations such as China and Japan. Cancer most commonly manifests itself as a change within adenomatous polyps.

Colorectal cancer has been observed to be more likely in persons who consume low-fiber foods, such as animal protein, fat, and refined carbs. Innovative solutions for decreasing skin infections are being developed by key market participants. In the forecast years, the market dynamics are expected to shift owing to the development of hydrocolloids and new technologies for reducing the risk of skin irritation. ConvaTec, for example, recently announced the release of a one-piece bag with moldable technology that decreases the risk of skin infection and leaking.

According to ConvaTec research, 55% of all ostomates suffer skin issues, mostly as a result of waste leaking from the stoma and seal. However, the adoption of moldable technology minimized skin issues in about 95.2% of patients, and approximately 86.2% of patients with pre-existing skin illnesses improved their skin conditions.

Inflammatory bowel disease prevalence is increasing

The most common reasons for ostomy surgery are colorectal cancer, bladder cancer, and inflammatory bowel illness. The surgical excision of the malignant tumor/part of the intestine is used to treat colorectal cancer and inflammatory bowel disease (IBD). In certain situations, a surgical incision is established through the abdomen to offer a new conduit for waste evacuation, which is known as an ostomy.

The global number of ostomy procedures has grown owing to an increase in the occurrence of these illnesses, as well as increasing exposure to risk factors (such as changing eating habits and greater use of antibiotics in children). According to the Centers for Disease Control and Prevention, an estimated 1.8% of US adults (3.7 million) had IBD (either Crohn's disease or ulcerative colitis) in 2020. This was a significant rise over 1999 (0.9% or 2 million adults). According to a recent study, the prevalence of IBD rose among Medicare beneficiaries of all races and ethnicities from 2001 to 2018, with non-Hispanic Black individuals seeing a greater growth rate.

New Product Launches

The various demands of ostomates have prompted manufacturers to create new and improved goods. Since patients must go about their daily lives, they choose goods that are comfortable, light, and leak-free, which fuels the need for ostomy/stoma care and accessories. People are also actively using different accessories to protect their skin from infections and rashes, such as sprays, powders, ostomy belts, lotions, and others. As a result, multiple products with various designs and constructions have been launched, propelling the worldwide ostomy care market growth. ConvaTec Inc., for example, announced the global introduction of Esteem+ Flex Convex, a one-piece ostomy bag for persons who have had ileostomy, colostomy, or urostomy surgery.

Market Growth Restraints:

Inadequate Reimbursement to Harm the Market

The primary problem restricting the stoma care and accessories industry are improper and inadequate payment rules for ostomy care items. Many times, patients obtain NHS goods that are not necessary, causing billing or incorrect charging. According to the Medicare Learning Network, the expected incorrect payment amount for ostomy products in the United States year 2020 was US$ 93.4 million. As a result, concerns relating to inappropriate invoicing of stoma care supplies as a result of confusing reimbursement procedures are expected to stymie the industry.

The availability of alternative therapies or goods is expected to limit market growth throughout the projected period. OstomyCure AS, a Norwegian medical technology firm, announced CE mark clearance for their Transcutaneous Implant Evacuation System in June 2016. (TIES). It is a replacement for ostomy bags. This device is made out of a tiny titanium tube that may be inserted into soft tissue in the belly without the use of a typical stoma. It is an acceptable substitute for an ileostomy bag.

Market Opportunities:

Emerging market growth

Ostomy bag penetration is low in populous nations such as China, India, Indonesia, and Brazil. As a consequence, these markets provide considerable growth prospects to market participants during the forecast period. The revenue of major participants in the Stoma/Ostomy care industry from emerging regions is much lower. In 2019, for example, just 16.6% of Coloplast's income came from emerging markets such as Brazil, China, and India, whereas 7.8% of ConvaTec's revenue came from APAC.

Taking this into account, manufacturers have a great opportunity to grow their presence in emerging nations. Additionally, throughout the last decade, emerging nations have a persistent economic growth, which has resulted in increased public-private investment in healthcare infrastructure. Moreover, governments in these nations are focusing on growing access to modern and sophisticated healthcare services for a bigger proportion of their populations while also enhancing reimbursement coverage. Rapid rise in per-capita healthcare spending, as well as rising public demand for cheap healthcare services, are driving the uptake of healthcare products (including ostomy supplies) in these nations. To meet unmet medical requirements and grow their position in new markets, leading stoma manufacturers have undertaken a variety of projects in the Asia Pacific, the Middle East, and South America (focusing on increasing the acceptance of their products in these countries).
Stoma or Ostomy Care Market Segment Analysis:
Based on Type, In 2020, the bags category led the market for stoma ostomy care and accessories, accounting for approximately 85.0% of total revenue. One-piece and two-piece stoma /ostomy bags are the two types of stoma/ostomy bags. Stoma Ostomy bags are medical devices that collect urine or faeces. They are most frequently utilized in conjunction with urostomies, ileostomies, and colostomies. As a result, an increase in the occurrence of bladder cancer, urinary continence, radiation damage, and spinal cord injuries is pushing the market. For example, the CDC estimated that the mean hospitalization expenses in the United States for Crohn's disease and ulcerative colitis were USD 11,345 and USD 13,412 respectively, adding to the segment's rise.

From 2021 to 2028, the accessories category is predicted to grow at the fastest rate of 6.6%. Seals/barrier rings, pouch closures, pouch coverings, stoma caps, and other items are included. They aid in the prevention of leaking, odour, and skin irritation. The increasing frequency of stoma operations and ostomates are the key drivers driving the expansion of the accessories market. Furthermore, according to a study done in 2016 on patients with an ostomy by a key market player-Coloplast, it is anticipated that around 91.0% of all ostomates utilize accessories, with an average of 3.2 units used. This is projected to accelerate the segment's growth throughout the projection period.

Based on the Application, Due to a growth in the geriatric population and the high frequency of colon cancer, as well as accompanying colostomy surgeries, the colostomy category led the market for ostomy care and accessories in 2020, accounting for the biggest revenue share of 45.9%. According to the American Cancer Society, there were 101,420 new cases of colon and 44,180 new cases of rectal cancer in the United States in 2019. As a result, demand for colostomy bags is likely to rise throughout the predicted period. Furthermore, the availability of various types of colostomy bags, such as drainable or closed system bags, which are ideal for certain patient demands, is adding to sector growth throughout the projection period. Because of the increasing frequency of Inflammatory Bowel Diseases (IBDs) such as Crohn's disease and ulcerative colitis, the ileostomy sector is predicted to grow at the fastest CAGR of 5.6% from 2021 to 2028. According to the Crohn's Colitis Foundation 2019 study, around 1.6 million Americans now have IBD, with 70,000 new cases identified each year in the United States. Furthermore, according to the WHO report 2016, the global prevalence of colostomies, ileostomies, and urostomies was 43.0%, 41.0%, and 18.0%, respectively. This is projected to contribute to the growth of the ileostomy sector throughout the forecast period.

Based on the End-use, The home care settings category dominated the market, accounting for 45.4% of total revenue in 2020, and is predicted to grow at the fastest rate throughout the forecast period. This category is predicted to develop due to an increase in demand for home healthcare services. Home care services guarantee that a patient receives continuing ostomy care from competent nurses and that he or she receives correct treatment. This dramatically minimizes the risk of ostomy-related problems, resulting in fewer emergency room visits. Ostomy care at home includes keeping a healthy stoma as well as changing and emptying ostomy bags. Growing demand for home care and the availability of qualified nurses in both established and emerging markets are projected to boost the sector over the forecast period.

Because of the lack of continuing ostomy treatment, hospitals are less desirable for ostomy care than other health institutions. Hospitals exclusively provide postoperative stoma care, which is advantageous for patients with temporary stomas. Long wait times and hefty hospital admission costs also diminish hospital selection. Colostomy surgery for people without health insurance can range from USD 20,000 to more than USD 60,000, depending on the facility, geographical area, and situation. Such high admission charges are likely to reduce hospital demand throughout the projection period.
Regional Insights:
Europe dominated the stoma care market, accounting for 47.2% of total revenue in 2020. Over the predicted period, the region is expected to increase significantly. During the projected period, factors such as an increase in the number of stoma patients owing to Crohn's disease and ulcerative colitis or IBD are likely to fuel market expansion in Europe. Around 731,000 people in Europe have an ostomy. IBD, which includes Crohn's disease and ulcerative colitis, is on the increase in European countries, according to the NCBI. The frequency of ulcerative colitis and Crohn's disease in Europe is growing year after year, according to the Journal of Crohn's and Colitis. It is estimated that 0.3% of Europe's overall population suffers from IBD. The United Kingdom had the greatest occurrence, while Eastern and Southern Europe had the lowest. As a result, the rising prevalence of IBD is largely driving market expansion in Europe.

The market in the Asia Pacific is expected to develop at a rapid pace during the projected period. To raise awareness among ostomy patients, several nursing centers in this region provide a variety of initiatives, including motivational programs and instructional lectures. The Asia and South Pacific Ostomy Association (ASPOA) organizes World Ostomy Day every year to enhance ostomate rehabilitation by bringing their goals and needs to the attention of the general public and the global community. Seminars, educational programs, support meetings and demonstrations, electronic information networks, magazine announcements, articles and advertising, and video and audio announcements are all examples of activities to raise awareness throughout the world. As a result, rising consumer awareness is promoting market growth in this area.
Stoma or Ostomy Care Market Scope: Inquire before buying



Stoma or Ostomy Care Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 59.95 Bn.


Forecast Period 2022 to 2029 CAGR:
5.87%
Market Size in 2029:
US $ 89.37 Bn.


 Segments Covered:
by Product
1.Bagso
1.2 One Piece
2.3 Two Piece
2 Accessories
2.1Seals/Barrier Rings
2.2Pouch Cover
3.3 Pouch Closures
4.4 Stoma Caps/Hat
5. Others


by Application
1. Colostomy
2. Ileostomy
3. Urostomy


by End-use
1. Home Care Settings
2. Hospitals
3. Others



Stoma or Ostomy Care Market by Region
North America
Europe
Asia Pacific
South America
Middle East and Africa
Key Players
1. Coloplast Corp
2. Hollister Incorporated
3. B. Braun Melsungen AG
4. ConvaTec Inc.
5. Salts Healthcare
6. Welland Medical Limited
7. Flexicare Group Limited
8. Alcare Co. Ltd.
9. Cymed Micro Skin
10.Marlen Manufacturing & Development Company
11.Nu-Hope Labs
12.Torbot Group Inc.
13.Smith & Nephew
14.Perma-Type Company Inc
15.3M
16.Scapa Healthcare
17.Tytex A/S
18.Prowess Care
19.Safe N Simple
20.Schena Ostomy Technologies
21.Avitr Farmica
22.Zhejiang Ailebao Medical Technologies Co. Ltd.

Frequently Asked Questions:

1] What segments are covered in the Global Stoma or Ostomy Care Market report?
Ans. The segments covered in the Stoma or Ostomy Care Market report are based on Product, Application, End-use, and Region.

2] Which region is expected to hold the highest share in the Global Stoma or Ostomy Care Market?
Ans. The Europe region is expected to hold the highest share in the Stoma or Ostomy Care Market.

3] What is the market size of the Global Stoma or Ostomy Care Market by 2029?
Ans. The market size of the Stoma or Ostomy Care Market by 2029 is expected to reach US$ 4.43 Bn.

4] What is the forecast period for the Global Stoma or Ostomy Care Market?
Ans. The forecast period for the Stoma or Ostomy Care Market is 2021-2029.

5] What was the market size of the Global Stoma or Ostomy Care Market in 2021?
Ans. The market size of the Stoma or Ostomy Care Market in 2021 was valued at US$ 3 Bn.