Stoma or Ostomy Care Market Outlook, Size, Share and Growth and Forecast Assumptions Through 2024 | Impact of COVID-19 Pandemic

Global Stoma or Ostomy Care Market Research Report: Information by Type (Two-Piece Systems and One-Piece Systems), by Facility of Use (Homecare and Hospitals & Ambulatory Surgical Centers) and by Region (Americas, Europe, Asia-Pacific, Middle East & Africa) – Forecast till 2024

Market Overview

The Global Stoma or Ostomy Care Market is expected to register a CAGR of 7.2% to reach USD 1,210.9 Million by 2024.A stoma or ostomy is a surgical opening created in the abdomen to expel waste associated with the digestive system. There are different types of ostomy operations such as colostomy, ileostomy, and urostomy, which are performed depending on the requirement of the disease and the patient.

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In an ostomy surgery, the end-opening of the small or large intestine is brought to the surface of the skin through the surgical opening to discharge the biological waste into an external accessory such as a bag or pouch placed outside the body. This surgery is performed in patients suffering from inflammatory bowel diseases (IBD) such as ulcerative colitis or Crohn’s disease, blockage or misfunctioning of the intestine or urinary tract, infection, intestinal cancer, and in specific accidental damage. 

Market Dynamics

The major factors driving the growth of this market are the increasing prevalence of inflammatory bowel disease (IBD) and colorectal cancer, growing awareness about ostomy/stoma care and availability of accessories used to treat ostomy in the market, and stable reimbursement policies by both government and private organizations. However, factors such as postoperative complications, negative psychological and emotional impacts of having ostomy or stoma, and risks associated with the ostomy surgery are expected to hinder the growth of the market.

Segmentation

The two-piece systems segment accounted for the largest market share of 55.6% in 2018. Two-piece systems are easy-to-use, durable, and convenient for changing the bag without removing the skin barrier from the stoma. The one-piece systems segment was the second-largest market in 2018, as it is more cost-effective compared to the two-piece ostomy systems.

Regional Analysis

The Americas accounted for the largest market share of 42.8% in 2017. The US is one of the leading markets in the region, and it accounted for the largest market share of 86.4% in 2017. The growing number of ostomy procedures performed in the US is expected to propel the global stoma or ostomy care market further. The American Cancer Society estimates that there are likely to be 101,420 new cases of colon cancer and 44,180 new cases of rectal cancer in the US in 2019. However, the market in Asia-Pacific is expected to register the highest CAGR of 7.6% during the forecast period.

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The Europe stoma or ostomy care market is estimated to register the second-largest market share of 38.1% in 2017. The rising incidence of bladder cancer, congenital disabilities, and technological advancements in the field of stoma care are some of the factors responsible for the growth of the market in the region. Germany is the primary contributor to the growth of the regional market by share of 27.1% in 2017, followed by the UK.

The Middle East & Africa holds the lowest market for stoma or ostomy care. The increasing awareness about stoma or ostomy care and available products is projected to enhance the market growth during the forecast period.

Key Players

The prominent players in the global stoma or ostomy care market are Coloplast Corp. (Denmark), ConvaTec Inc. (UK), 3M (North Carolina), Smith & Nephew (UK), B. Braun Melsungen AG (Germany), Hollister Incorporated (US), Flexicare Medical Limited (UK), Welland Medical Limited (West Sussex), Marlen Manufacturing & Development Co. (Ohio), and Tytex A/S (Denmark).The players operating in the global stoma or ostomy care market are likely to strengthen their presence worldwide through acquisitions during the forecast period.

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Market Segmentation

Global Stoma or Ostomy Care Market, by Type

Two-Piece Systems

One-Piece Systems

Global Stoma or Ostomy Care Market, by Facility of Use

Homecare

Hospitals & Ambulatory Surgical Centres

Global Stoma or Ostomy Care Market, by Region

Americas

North America

South America

Europe

Germany

UK

France

Spain

Italy

Rest of Europe

Asia-Pacific

China

India

Japan

Australia

South Korea

Rest of Asia-Pacific

Middle East & Africa

Middle East

Africa

Available Additional Customizations

Company Profiles of Key Regional Players

Country-Level Analysis

Intended Audience

Stoma or ostomy care products manufacturers

Medical devices companies

Retailers, distributors, and wholesalers

Governments, associations, and industrial bodies

Investors and trade experts

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