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| Report Code: A07451 | Nov 2023 | Pages: NA | ||
| Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Ileostomy Market
Request Now !Ileostomy is the surgical procedure an opening is created using surgical devices in the ileum, which is the lowest part of the small intestine and then aligned such that it gets attached with the abdominal wall. The intestinal part is basically brought through to the abdominal wall for the formation of stoma. The customization can be done for permanent or temporary basis and may help in removal of all or a particular part of the colon. The ileostomy is carried out to assist with the removal of the waste from the body. The surgery is carried out when the part of the rectum or colon is not working. The surgical procedures include total abdominal colectomy, total proctocolectomy, and small bowel resection.
The global impact of the coronavirus is humongous as the complete lock down alert has been declared by the government organizations worldwide. The only preventive measures that can be carried out involves shut down of every region where gathering could be possible and hence, causing the downfall in the production and manufacturing of every product from every sector. However, the healthcare sector is affected in a positive way for the parameters that are required for the treatment of COVID-19 while other segments such as nutraceutical consumption, surgical procedures are immensely affected in a negative direction. Furthermore, there is a rise in the digital platform as a way to help the doctors and patient connect and hence get access to the prescription online, which is anticipated to boost the market of OTC drugs. Pharmaceutical and biotechnology industries are hence observing a lucrative growth in the forecast period.
The rise in the awareness and concern over the ostomy care brought up by the various non-profit organizations and private players which would help the market grow in the coming years. The key market players are investing more over the R&D to bring up function-rich pouching systems and various accessories for the ileostomy surgeries would boost the industry in the near future. The advancement in the post-ileostomy procedure includes the use of disposable type of ostomy bags and hence helping with cost benefits offered by the disposable bags would flourish the market during forecast period. However, unfavorable reimbursement policies may impede the growth. In addition, the reluctance among the patients for the surgery among the patients may hinder the growth of the industry in the near future.
The global Ileostomy market trends are as follows:
The key leaders are focusing on the R&D of the products which are used for the ileostomy would help the Ileostomy market to grow in the coming years. The products are innovated and designed according to the need of the hour. For instance, in March 2017, Flexpoint Sensor Systems, Inc. and 11 Health and Technologies, announced the launch and commercialization of the product ostom-I Alert Sensor. The product has an added advantage of the colostomy care management system and helps in enhancement of the ostomy bag implementations.
The need of the hour is to bring up accessories which are convenient for use and the innovation of the products is initiated to gain maximum shares in the coming years. For instance, Hollister Corporation launched stoma bag with a lubricating deodorant which helps in neutralizing the odor and hence boosts the compatibility of ostomy patients.
The rise in the incidences of the diseases which needs surgical assistance include ulcerative colitis, Crohn's disease, constipation, familial adenomatous polyposis and total colonic Hirschsprung’s disease, are anticipated to propel the market in the coming years. Furthermore, the increase in the number of incidences of ovarian cancer or colorectal cancer is also expected to boost the Ileostomy market in the coming years.
The rise in the concern of the individuals for better quality of life would increase the demand for the treatment of the diseases wherein the guts are affected would boost the Ileostomy market in the forecast period. The increase in the awareness for the symptoms of the gut diseases and the treatment or therapeutics of the diseases would help the market flourish.
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Questions answered in the Ileostomy Market research report:
Ileostomy Market: Global Opportunity Analysis and Industry Forecast, 2019–2026 Report Highlights
| Aspects | Details |
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| By Procedure |
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| By Equipment |
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| By Applications |
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| Key Market Players | Marlen Manufacturing, 3M, B. Braun Melsungen AG, ConvaTec Inc., Coloplast A/S, Salts Healthcare, Pelican Healthcare, Smith and Nephew, Flexicare Medical Ltd. |
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