The Global Stoma Ostomy Care Industry is anticipated to surge at an opulent CAGR of 4.9% throughout the forecast period from 2023 to 2033. The global market held a valuation of US$ 3.8 Billion in 2022 and is expected to hold a market value of around US$ 6.5 Billion in 2033. According to the historical analysis conducted by Future Market Insights, the global stoma/ostomy care market expanded at a CAGR of 5.0% for the 2017 to 2022 period. The global market for stoma/ostomy care contributes around 37.8% to the global gastrointestinal devices market
An ostomy device is a piece of artificial gastrointestinal medical device that builds a stoma by collecting waste from a biological system that has been surgically diverted (the colon, ileum, or bladder). An ostomy is needed to cure congenital disability, bladder cancer, inflammatory bowel disease, diverticulitis, obesity, and other medical issues.
Colostomy, urostomy, and ileostomy are the three main categories. According to the Centers for Disease Control and Prevention (CDC), IBD (Inflammatory Bowel Disease), also known as Crohn’s disease or ulcerative colitis, affects over 3 million (1.3%) individuals in the United States every year. The global market is expected to grow as inflammatory bowel disease becomes more prevalent globally.
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The stoma or ostomy care business is expanding exponentially, owing to the advancements in ostomy devices, contributions by manufacturing companies to new technologies, and growing patient education campaigns about the use of ostomy devices are the factors propelling the market ahead to grow further.
The surging prevalence of inflammatory bowel disease (IBD), colorectal cancer, public awareness of ostomy/stoma care, the availability of treatment options, as well as the established reimbursement policies funded by private and governmental organizations, are the main factors driving the stoma/ostomy care industry. The market is being driven by rapid technological advancements within the field of ostomy care products. These developments include effective and well-designed pouching facilities and related accessories that serve to enhance the quality of life for ostomy patients.
Key Takeaways
- The global market for ostomy care products is driven by the surging prevalence of the patient pool suffering from cancers comprising colon and rectum cancer. This is increasing demand for various ostomy care products, especially for bedridden patients.
- Dominant companies in the market are focusing on manufacturing products with human-centric design – comfortable, light, leak-free, and gently fit and move with the patient’s body as they bend. Hence, preferred by both patients and healthcare professionals.
- The widespread availability of multiple e-commerce websites selling surgical procedure-related products is likely to augment sales of stoma care products. Some popular e-commerce sites such as Express Medical Supply Inc. and Amazon-Stoma bags provide discounts, warranties, and prompt customer service on a variety of stoma care accessories. All of these factors are expected to provide a much-needed boost to the stoma/ostomy care sector.
- The healthcare industry is expanding due to the rise in campaigns to educate people about ostomies. The United Ostomy Association of America Inc. (UOAA) stated that in October 2021, the UOAA was striving to raise the bar for care in all healthcare settings and to enhance the standard of ostomy healthcare in the USA.
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Competitive Landscape
The leading players active within this space are focussing on developing products with advanced technology to suit a wide variety of populations. Additionally, they are highly active in raising funds to expand their customer pool in new regions.
Key players:
- BAE Systems Plc
- ConvaTec Inc.
- Hollister Inc.
- EuroMed, Inc
- 3M Company
- Smith & Nephew plc
- FNC Medical
- Nu-Hope Laboratories, Inc.
- Marlen Manufacturing & Development Co.
- Torbot Group, Inc
- Cymed Micro Skin
- Alcare Co., Ltd.
- B. Braun Melsungen AG.
- Salts Healthcare Ltd
- Securi-T USA.
- Welland Medical Limited
- Flexicare Group Limited
More Insights into the Stoma/Ostomy Care Market
The North American region is anticipated to dominate the global stoma/ostomy care market over the valuation period. The U.S.A. market is expected to account for around 28.7% market share in 2023.
The growth in the region is owing to its massive demographic size and largest shareholder in the global market. This may be attributed to a rising prevalence of IBD and increased awareness among the population regarding ostomy care or stoma procedures. In addition, the aging population anticipates an increase in the prevalence of IBD, colon, and bladder malignancies in the future.
Germany is predicted to augment across the evaluation period by registering a market share of 5.3% in 2023. Growth is attributed to a large patient pool as well as a better reimbursement structure and private insurance policies, all contribute to the growth in the German market. Other factors driving this region’s growth include an aging population, an increase in cases of intestinal disorders, and increased investment in research and development, among others.
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Key Market Segments Covered in Stoma/Ostomy Care Industry Research
By Surgery Type:
- Colostomy
- Ileostomy
- Urostomy
By Product:
- Ostomy Bags
- Ostomy Accessories
- Belts & Tapes
- Skin Protection &Skin Barrier
- Irrigation Sets
- Convex Inserts
- Stoma Caps
By Application:
- Cancer
- Inflammatory Bowel Disease
- Bowel Obstruction
- Fecal Incontinence
- Trauma and Infection
By End-Users:
- Hospitals and Specialty Clinics
- Home Care Settings
- Ambulatory Surgical Centers
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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