Ostomy Care and Accessories Market

Ostomy Care And Accessories Market Research, 2030

The global ostomy care and accessories market size was valued at $3.0 billion in 2020, and is projected to reach $4.8 billion by 2030, growing at a CAGR of 4.5% from 2021 to 2030. An ostomy is a surgically created artificial opening in the abdomen known as a stoma that enables the removal of body wastes. Through colostomy, ileostomy, or urostomy, a segment of the intestine is surgically redirected through a hole (stoma) in the abdominal wall, allowing the patient to eliminate body wastes such as urine, mucus, and feces. Ostomy drainage bags or pouches are used to collect these wastes, and different ostomy accessories are utilized to secure the bag in place and prevent leakage as well as skin irritation.

The major factors that drive the ostomy care & accessories market are surge in number of elderly individuals who are highly susceptible to gastrointestinal diseases and increase in prevalence of inflammatory bowel diseases (IBDs), such as the Crohn’s diseases & ulcerative colitis. In addition, increase in cases of bladder cancer, colorectal cancer, diverticulosis, & diverticulitis cases leads to rise in the number of ostomy surgeries.

The COVID-19 outbreak is anticipated to have a negative impact on the ostomy care & accessories market, as huge number of clinics and hospitals across the globe were restructured to increase the hospital capacity for patients diagnosed with COVID-19. Hence, nonessential surgical procedures took a potential backlog due to rapidly rising COVID-19 cases; only elective emergency surgeries were performed.

Furthermore, technological advancements in ostomy products for production of efficient, skin-friendly, durable, reusable, waterproof, and economical bags drive the ostomy care and accessories market growth. Moreover, the availability of products according to individual fits and their increasing requirement serve as potential opportunities for key players to invest in. Ostomy accessories such as wipes, powder, and sprays help to keep the stoma skin irritation free and prevent any buildup, thus aiding in keeping a healthy stoma skin. Moreover, increase in initiatives by governments & non-governmental organizations to promote awareness about ostomy care significantly contributes toward the growth of the industry.

However, unfavorable reimbursement scenario, increase in incidence of post-surgery infections, and stoma care complications such as skin irritation and dehydration are expected to impede the market growth. Conversely, the introduction of new ostomy bags & accessories into developing nations is anticipated to offer remunerative opportunities for the expansion of the global market during the forecast period.

Furthermore, the healthcare business in developing nations is predicted to grow significantly as a result of various reasons, including increased investment in both the public and private sectors, rise in chronic diseases, surge in number of surgeries performed, and population expansion. Furthermore, an increase in healthcare spending is likely to promote the expansion of the healthcare business, which, in turn, is expected to fuel product demand.

The ostomy care and accessories market is segmented into Product, Application and End User. On the basis of product, the market is bifurcated into ostomy bags and ostomy accessories. The ostomy bags segment is further classified into one-piece bag and two-piece bags. The ostomy accessories segment is subcategorized into stoma rings, ostomy flanges, flange extenders, barriers, and others. By application, the market is segregated into colostomy, ileostomy, and urostomy. Depending on end user, it is fragmented into hospitals & clinics, ambulatory surgical centers, and home care settings.

Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).

Segment Review

Depending on product, the ostomy bags segment held the largest share in the global market in 2020, and is expected to remain dominant during the forecast period, owing to upsurge of temporary as well as permanent stoma surgeries among people suffering from IBDs, small and large intestine cancer.

On the basis of application, the colostomy segment dominated the market in 2020, in terms of share, and is expected to continue the same trend during the forecast period, due to increase in the number of colon and colorectal cancer cases.

By end user, the hospitals & clinics segment exhibited the highest growth in 2020, and is expected to lead during the forecast period, owing to rise in patient admissions suffering from IBDs, intestinal cancer, and also for certain general surgeries, which might require stoma care.

Europe exhibited the highest ostomy care and accessories market share in 2020, and is anticipated to remain dominant during the forecast period. This is attributed to its increase in geriatric population, prevalence of IBDs, development of new ostomy products, strong presence of key players, and rise in healthcare expenditure in the region. However, Asia-Pacific is anticipated to witness notable growth during ostomy care and accessories market forecast, owing to surge in healthcare expenditure, presence of huge patient base, and increase in disposable incomes. Moreover, India and Japan are expected to witness growth at high CAGR in the Asia-Pacific ostomy care & accessories market.

The key players operating in the global ostomy care & accessories market are 3M Company, Alcare Co., Ltd., B. Braun Melsungen AG, Clinimed Group (Welland Medical Limited), Coloplast A/S, Cymed Micro Skin, Hollister Incorporated, ConvaTec, Inc., Nu-Hope Laboratories, Inc., Schweitzer-Mauduit International, Inc. (Scapa Healthcare), Smith and Nephew Plc., and Torbot Group Inc.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the ostomy care industry, market segments, current trends, estimations, and dynamics of the ostomy care and accessories market analysis from 2020 to 2030 to identify the prevailing ostomy care and accessories market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the ostomy care and accessories market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global ostomy care and accessories market trends, key players, market segments, application areas, and market growth strategies.

 Ostomy Care and Accessories Market Report Highlights