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Stoma/Ostomy Care - Global Market Trajectory & Analytics

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    Report

  • 355 Pages
  • July 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4806076

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. Product and technological advancements constitute the other key market driver that is leading to user-friendly products, specifically targeted at the elderly.

Amid the COVID-19 crisis, the global market for Stoma/Ostomy Care Products estimated at US$3.3 Billion in the year 2022, 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 $926.9 Million in 2022, 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$926.9 Million in the year 2022. 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):

  • ALCARE Co., Ltd.
  • Braun Melsungen AG
  • Coloplast A/S
  • ConvaTec Group Plc.
  • Cymed
  • Hollister Inc.
  • Marlen Manufacturing & Development Co.
  • Nu-Hope Laboratories
  • Perma-Type Company, Inc.
  • Salts Healthcare
  • Welland Medical Ltd

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Stoma/Ostomy Care Products

What is the estimated value of the Global Market for Stoma/Ostomy Care Products?

The Global Market for Stoma/Ostomy Care Products was estimated to be valued at $3.3 Billion in 2022.

What is the growth rate of the Global Market for Stoma/Ostomy Care Products?

The growth rate of the Global Market for Stoma/Ostomy Care Products is 5.6%, with an estimated value of $4.1 Billion by 2026.

What is the forecasted size of the Global Market for Stoma/Ostomy Care Products?

The Global Market for Stoma/Ostomy Care Products is estimated to be worth $4.1 Billion by 2026.

Who are the key companies in the Global Market for Stoma/Ostomy Care Products?

Key companies in the Global Market for Stoma/Ostomy Care Products include ALCARE Co., Ltd., Braun Melsungen AG, Coloplast A/S, ConvaTec Group Plc., Cymed, Hollister Inc., Marlen Manufacturing & Development Co., Nu and Perma.

Table of Contents

I. METHODOLOGYII. 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?
  • 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.
  • 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?
  • 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
  • Ostomy Prevalence Worldwide (% Share) by Type of Stoma: 2020
  • Ostomy Prevalence among Young and Elderly Population by Stoma Type: 2020
  • Ostomy Prevalence Rate by Disease Type: 2020
  • Ostomy Care Products Market Set to Witness Rapid Growth Post COVID-19
  • 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
  • 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
  • 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
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • COMPETITION
  • Stoma/Ostomy Care - Global Key Competitors Percentage Market Share in 2022 (E)
  • 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
  • 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
  • Colorectal Cancer Incidence: 2020
  • Colorectal Cancer Prevalence: 2020
  • Colorectal Cancer Mortality: 2020
  • Bladder Cancer Incidence: 2020
  • Bladder Cancer Prevalence: 2020
  • Bladder Cancer Mortality: 2020
  • Inflammatory Bowel Diseases: Incidence Statistics
  • Total Number of Adults in the US with Ulcerative Colitis or Crohn's Disease: 2015 to 2016
  • 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
  • Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
  • Increasing Obesity Levels Propels Market Growth
  • Global Obesity Epidemic: Percentage of Overweight, Obese, and Severely Obese Adults for 2014 & 2025
  • 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 PERSPECTIVEIII. MARKET ANALYSIS
UNITED STATES
  • Stoma/Ostomy Care Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Analytics
CANADA
JAPAN
  • Stoma/Ostomy Care Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Stoma/Ostomy Care Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
EUROPE
  • Stoma/Ostomy Care Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Ostomy Bags Market Larger than the US
  • Market Analytics
FRANCE
  • Stoma/Ostomy Care Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Stoma/Ostomy Care Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
  • Ostomy Products Market: An Overview
UNITED KINGDOM
  • Stoma/Ostomy Care Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Stoma/Ostomy Care Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
AUSTRALIA
  • Stoma/Ostomy Care Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
INDIA
  • Stoma/Ostomy Care Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Stoma/Ostomy Care Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Stoma/Ostomy Care Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
AFRICA
  • Stoma/Ostomy Care Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION
  • Total Companies Profiled: 48

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ALCARE Co., Ltd.
  • Braun Melsungen AG
  • Coloplast A/S
  • ConvaTec Group Plc.
  • Cymed
  • Hollister Inc.
  • Marlen Manufacturing & Development Co.
  • Nu-Hope Laboratories
  • Perma-Type Company, Inc.
  • Salts Healthcare
  • Welland Medical Ltd