Ostomy Care Market Forecast to Cross Its Own Peak by 2026 Explore By Global Key Players 3M Company, Coloplast Corporation, ConvaTec, Inc, Hollister, Inc., Smith & Nephew Plc, Alcare, Nu-Hope, Welland Medical, Cymed, Flexicare Medical

Ostomy refers to a surgical procedure that allows the passage of bodily wastes through a surgically created stoma or aperture on the abdomen into a prosthetic such as a pouch or bag placed outside the body. Ostomy is performed on patients suffering from various medical conditions, including cancer, birth defects, diverticulitis, incontinence, and inflammatory bowel disease. This procedure is also performed on patients suffering from severe abdominal and pelvic trauma caused due to accidents or severe injuries. Ostomy is also known as continent diversion surgery and can be performed on patients of all age groups. The procedure does not affect life expectancy of an individual.

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Market Dynamics

The rising number of ostomy procedures being performed is the primary factor responsible for driving growth of the global ostomy care market. For instance, according to National Center for Biotechnology Information, around 100,000 people underwent operations resulting in colostomy or ileostomy in the U.S., in 2014. Increasing prevalence of inflammatory bowel disease is also expected to increase the demand for ostomy care. For instance, according to a research survey published in ‘The Lancet’ in October 2017, western countries suffer with a high prevalence of inflammatory bowel disease that has surpassed 0.3% of the total population. Moreover, according to the Worldwide Incidence and Prevalence of Inflammatory Bowel Disease (IBD) in the 21st Century: A Systematic Review of Population-Based Studies 2017, the incidence of IBD and Crohn’s disease is increasing in Latin America, Africa, and Asia Pacific. Various other factors responsible for the growth of market include rising incidence of bladder cancer, birth defects, and technological advancements.

Regional Insights

On the basis of region, the global ostomy care market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America holds a dominant position in the global ostomy care market and is expected to retain its dominance over the forecast period, owing to large population suffering from Crohn’s disease, inflammatory bowel diseases, and other diseases in the region. According to the Centers of Disease Control and Prevention, around 1.3% of the adults in the U.S., accounting up to 3 million patients were reported to be suffering from inflammatory bowel disease in 2015 that increased the overall hospitalization rate in the country.

Competitive Insights

Key players operating in the global ostomy care market include

1. 3M Company
2. Coloplast Corporation
3. ConvaTec, Inc.
4. Hollister, Inc.
5. Smith & Nephew Plc
6. Alcare
7. Nu-Hope
8. Welland Medical
9. Cymed
10 .Flexicare Medical

Market players are focused on providing technologically advanced products, to sustain their position in the competitive market. For instance, in March 2015, Welland Medical introduced Aurum 2, a range of 2-piece ostomy pouches that is inclusive of flange with added medical grade Manuka honey.

Market Taxonomy

On The Basis Of Product Type:

Bags: Colostomy Bags, Ileostomy Bags, Urostomy Bags, Others
Pouches
Accessories:
Convex Inserts - Plastic Sheets, Ostomy Belts, Pouch Covers
Skin Barriers - Liquids, Wipes, Powders, Pastes
Tapes
Adhesive Removers

On The Basis Of End User: Hospitals, Clinics, Ambulatory Surgical Centers, Others
On The Basis Of Region: North America, Latin America, Europe, Asia Pacific, Middle East, Africa

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This release was published on openPR.