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Stoma/Ostomy Care - Global Market Trajectory & Analytics

  • ID: 4806076
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • 3M
  • Braun Melsungen AG
  • ConvaTec Group Plc.
  • Fortis Medical Products
  • Nu-Hope Laboratories
  • Prowess Care

Global Stoma/Ostomy Care Products Market to Reach $4.1 Billion by 2026


Ostomy care products are used for managing faecas and urine from people with stoma, following a colostomy, ileostomy or urostomy procedure. Growth in the global market is set to be fueled by proliferation of bladder-related medical conditions, technological advances and availability of desirable reimbursement across developed nations. The market growth is set to be augmented by increasing cases of colorectal and bladder cancer and inflammatory bowel disease. The ostomy market also benefits from the increasing survival rates from colorectal and bladder cancer. The increasing life expectancy of people bodes well for growth prospects, considering the chronic nature of the conditions and the increasing need to use ostomy products. Another key factor that is expected to drive gains in the market includes the aging phenomenon of global population that is expected to further magnify the target pool. Concurrent with this is the rise in the prevalence rates of inflammatory bowel diseases, such as ulcerative colitis and Crohn`s disease, which necessitates patients to undergo surgical procedure.

Amid the COVID-19 crisis, the global market for Stoma/Ostomy Care Products estimated at US$3 Billion in the year 2020, is projected to reach a revised size of US$4.1 Billion by 2026, growing at a CAGR of 5.2% over the analysis period. Ostomy Care Bags, one of the segments analyzed in the report, is projected to grow at a 5.1% CAGR to reach US$3.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Ostomy Care Accessories segment is readjusted to a revised 5.7% CAGR for the next 7-year period. This segment currently accounts for a 13.6% share of the global Stoma/Ostomy Care Products market. Major factors driving growth for the Ostomy Care Bags segment include increase in prevalence of bladder cancers, UT cancers, IBD etc.; increase in obesity cases; technological advancements in products; increased preference for different ostomy surgeries among adults and youth alike; and reimbursement availability. Furthermore, increased awareness about peristomal skincare is also expected to contribute to the category`s growth. Availability through e-commerce platforms and continued efforts of vendors to increase awareness about ostomy care accessories among target users ensures steady growth opportunities in the Ostomy Care Accessories segment.

The U.S. Market is Estimated at $886.9 Million in 2021, While China is Forecast to Reach $423.9 Million by 2026


The Stoma/Ostomy Care Products market in the U.S. is estimated at US$886.9 Million in the year 2021. The country currently accounts for a 28.11% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$423.9 Million in the year 2026 trailing a CAGR of 7.8% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 4.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5% CAGR while Rest of European market (as defined in the study) will reach US$453.4 Million by the end of the analysis period. Europe dominates market growth due to the high prevalence of Inflammatory Bowel Diseases (IBD) that includes ulcerative colitis or Crohn`s diseases, resulting in increased ostomy surgery cases. Higher patient pool as well as a more favorable reimbursement structure also contributes to the market growth for ostomy care products in Europe. Increasing aging population, growing cases of intestinal disorders and rising investment in R&D are the factors driving growth in the North America region. Developing countries are emerging hotspots for ostomy care products, due to rapid economic growth, increased access to healthcare services, growing awareness levels and increasing incidence of colorectal cancer cases that serve to drive ostomy procedures.

Select Competitors (Total 48 Featured) -

  • 3M
  • ALCARE Co., Ltd.
  • Bao-Health Medical Instrument Co., Ltd.
  • Braun Melsungen AG
  • Coloplast A/S
  • ConvaTec Group Plc.
  • Cymed
  • Fortis Medical Products
  • Hollister Inc.
  • Marlen Manufacturing & Development Co.
  • Nu-Hope Laboratories
  • Perma-Type Company, Inc.
  • Prowess Care
  • Safe n Simple
  • Salts Healthcare Ltd
  • Torbot Group Inc
  • Welland Medical Ltd
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 3M
  • Braun Melsungen AG
  • ConvaTec Group Plc.
  • Fortis Medical Products
  • Nu-Hope Laboratories
  • Prowess Care
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Impact of Covid-19 and a Looming Global Recession
  • The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed in 2021?
  • EXHIBIT 1: How Fast the World is Vaccinated Will Determine How Soon the Pandemic Will End: Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
  • Progress on Vaccinations, Why Should Businesses Care?
  • With IMF's Upward Revision of Global GDP Forecasts for 2021, Most Companies Are Bullish About a Global Economic Comeback.
  • EXHIBIT 2: A Strong 2021 Economic Rebound Based On Pent-Up Demand Comes as a Relief for Suffering Industries & Markets: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • How the Healthcare Industry Has & Continues to be Impacted by the Pandemic & What's the New Normal?
  • EXHIBIT 3: With the COVID-19 Pandemic Exposing Global Healthcare Unpreparedness, There is Increasing Policy Led Focus on Rebooting Health Systems Worldwide: Current & Required Healthcare Spending as % of GDP
  • COVID-19 Impact on Ostomy Care
  • A Prelude to Ostomy Care Products
  • EXHIBIT 4: Ostomy Prevalence Worldwide (% Share) by Type of Stoma: 2020
  • EXHIBIT 5: Ostomy Prevalence among Young and Elderly Population by Stoma Type: 2020
  • EXHIBIT 6: Ostomy Prevalence Rate by Disease Type: 2020
  • Ostomy Care Products Market Set to Witness Rapid Growth Post COVID-19
  • EXHIBIT 7: Ostomy Market: 5-year Relative Survival Rate (%) by Year of Diagnosis for Colorectal Cancer and Bladder Cancer
  • Ostomy Care Bags Constitute the Largest Segment
  • Key Market Drivers & Restraints for Ostomy Bags
  • EXHIBIT 8: Ostomy Bag Usage Rate (Units per month per Patient)
  • Ostomy Care Accessories Market on Growth Trajectory; Exhibit Fastest Growth Rate
  • Ostomy Flat Vs. Convex Appliances
  • EXHIBIT 9: Ostomy Appliance Usage by Appliance Type: 2020
  • Europe, the Most Dominant Regional Market with Largest Share
  • Home Care Dominates the Market
  • Consistent Focus on Product Innovation Augments Market Growth
  • COMPETITION
  • Global Competitor Market Shares
  • EXHIBIT 10: Stoma/Ostomy Care Competitor Market Share Scenario Worldwide (in %) for Coloplast, ConVatec, Hollister, and Others: 2020 & 2025
  • Coloplast Leads the Ostomy Care Products Market
  • Launch of Sensura Mio Convex Provides a Competitive Edge to Coloplast
  • Coloplast Expands SenSura® Mio Range with New Ostomy Care Products
  • Brava Protective Seal
  • SELECT WORLD BRANDS
2. FOCUS ON SELECT PLAYERS
  • Recent Market Activity
3. MARKET TRENDS & DRIVERS
  • Growing Aging Population - A Key Growth Driver
  • EXHIBIT 11: Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Rising Incidence of Colorectal Cancer, Bladder Cancer, and IBD and Drives the Need for Ostomy Care Products
  • EXHIBIT 12: Colorectal Cancer Incidence: 2020
  • EXHIBIT 13: Colorectal Cancer Prevalence: 2020
  • EXHIBIT 14: Colorectal Cancer Mortality: 2020
  • EXHIBIT 15: Bladder Cancer Incidence: 2020
  • EXHIBIT 16: Bladder Cancer Prevalence: 2020
  • EXHIBIT 17: Bladder Cancer Mortality: 2020
  • Inflammatory Bowel Diseases: Incidence Statistics
  • EXHIBIT 18: Total Number of Adults in the US with Ulcerative Colitis or Crohn's Disease: 2015 to 2016
  • EXHIBIT 19: Annual Growth Rate of Crohn's Disease Diagnosed Prevalent Cases Estimates by Major Markets: 2016-2026
  • Product Innovations and Advancements to Spur Market Expansion
  • Select Ostomy Care Innovations
  • Alfred SmartBag
  • Ostoform Seal
  • SphinX
  • StomaLife
  • Transcutaneous Implant Evacuation System (TIES®)
  • Self-Sealing Therapy Ostomy Pouch (S2TOP)
  • SenSura Mio Concave System
  • Increasing Access to Healthcare in Emerging Regions
  • Rising Middle Class Population Aids Growth
  • EXHIBIT 20: Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
  • Increasing Obesity Levels Propels Market Growth
  • EXHIBIT 21: Global Obesity Epidemic: Percentage of Overweight, Obese, and Severely Obese Adults for 2014 & 2025
  • EXHIBIT 22: Severely Obese Population (in Thousands) Worldwide by Country: 2014 & 2025
  • Patient Retention Programs by Major Ostomy Players to Increase Products' Sales
  • Favorable Reimbursements in Developed Markets
  • Rising Online Sales of Ostomy Products
  • Market Restraints
  • Skin Irritation and Other Issues Related with Ostomy
  • Global Drive for Earlier Diagnosis and Treatment
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES
  • Market Facts & Figures
  • An Overview of the Ostomy Products Market in the US
  • Aging Baby Boomers Drive Ostomy Market
  • EXHIBIT 23: North American Aging Population by Age Group: 1975-2050
  • Reimbursement for Ostomy Care Products in the US Market
  • Medicare Reimbursement Rates for Select Ostomy Procedures
  • Leading Players in the US Ostomy Market
  • EXHIBIT 24: The US Ostomy Care Market by Leading Player (2020): Market Share Breakdown of Hollister, Convatec, Coloplast, and Others
  • Coloplast's Focus on IDNs in Ostomy Market
  • Market Analytics
CANADA

JAPAN

CHINA
  • Market Overview
  • Market Analytics
EUROPE
  • Market Facts & Figures
  • Ostomy Care Products Market
  • EXHIBIT 25: European Population by Age Group (2016, 2030 & 2050): Percentage Share Breakdown by Age Group for 0-14, 15-64, and 65 & Above
  • EXHIBIT 26: European Ostomy Market by Leading Player (2020): Market Share Breakdown for Coloplast, Convatec, and Others
  • Ostomy Bags Market Larger than the US
  • Market Analytics
FRANCE

GERMANY

ITALY
  • Ostomy Products Market: An Overview
  • Market Analytics
UNITED KINGDOM
  • Market Overview
  • Market Analytics
SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA
  • Market Overview
  • Proposed Modifications to the SAS
  • The Great Comebacks Program
  • Australia Fund
  • Market Analytics
INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 48

Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 3M
  • ALCARE Co., Ltd.
  • Bao-Health Medical Instrument Co., Ltd.
  • Braun Melsungen AG
  • Coloplast A/S
  • ConvaTec Group Plc.
  • Cymed
  • Fortis Medical Products
  • Hollister Inc.
  • Marlen Manufacturing & Development Co.
  • Nu-Hope Laboratories
  • Perma-Type Company, Inc.
  • Prowess Care
  • Safe n Simple
  • Salts Healthcare Ltd
  • Torbot Group Inc
  • Welland Medical Ltd
Note: Product cover images may vary from those shown
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