Press release
Stoma Care/Ostomy Care And Accessories Market analysis, business revenue forecast, size, main competitors
Ostomy is a procedure that is widely used to treat diseases such as colorectal cancer, inflammatory bowel diseases, and others. Ostomy care comprises of bags and accessories. Ostomy bag is attached to the skin of the patient by skin adhesives and is used for the collection of urine or fecal material after ureterostomy, colostomy, or ileostomy. The different types of ostomy care accessories are seals/barrier rings, pouch cover, pouch closures, and stoma caps/hat. The global Ostomy/Stoma care and accessories market size was valued at USD 2.81 billion in 2018 and is projected to reach USD 4.23 billion by 2026.The growing prevalence of colon and bladder cancer is propelling the market growth of stoma care and accessories. According to the American Cancer Society, the lifetime risk of developing colorectal cancer is about 1 in 23 (4.4%) for men and 1 in 25 (4.1%) for women. Varying needs of ostomates have triggered manufacturers to develop new and advanced products. Since the patients have to perform their daily activities manufacturers are developing lightweight, comfortable, and leakage-free product which is further fueling the growth of this market.
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Restraints-
Improper and poor reimbursement for ostomy care supplies is the restraint factor for the growth of ostomy/ stoma care and accessories market.
Regional insights-
The Asia Pacific is expected to dominate the market over the forecast period due to developing healthcare infrastructure and increasing number of awareness programs & educational seminars. For instance, in October 2018, Asia and South Pacific Ostomy Association (ASPOA) organized World Ostomy Day, which intended to increase awareness about ostomy among the patients and the general public. These include seminars, educational programs, support meetings & demonstrations, and many others. Thus, increasing awareness among consumers is expected to boost the demand for ostomy care products in this region.
Competitive section-
Some major players in the market are Coloplast Corp.; B. Braun Melsungen AG.; Hollister Incorporated; Convatec, Inc.; Salts Healthcare Ltd; and Welland Medical Limited
In 2017, ConvaTec, Inc. launched Natura Convex Cut-to-Fit Accordion Flange for easy application of a 2-piece ostomy pouch.
In July 2019, Coloplast introduced its Sensura Mio ostomy care range with new innovative products for premature babies and kids.
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