Stoma/Ostomy Care Market is expected to reach USD 4.5 billion by 2031 | Coloplast Corp (Denmark), Hollister Incorporated (US), B. Braun Melsungen AG (Germany)

The global stoma/ostomy care market was valued at USD 2.3 billion in 2021 and it is anticipated to grow up to USD 4.5 billion by 2031, at a CAGR of 6.8% during the forecast period.

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An ostomy is a surgical procedure that facilitates the removal of waste materials by creating an artificial opening in the abdomen of the patients. Depending on the ostomy types, namely colostomy, ileostomy, and urostomy, an organ is connected to the opening of the abdomen, also known as stoma, for the elimination of body wastes.

Market Trends and Drivers

Rapid technology advancements in ostomy care products, along with the growth of medical tourism due to the varying costs of bowel cancer and other disease treatment, are the key trends stimulating the overall market expansion. For example, OstomyCure AS has deployed the latest 3D technology in manufacturing its TIES III Solution, designed to help minimize skin complications and promote reliable tissue ingrowth for ostomy patients. Moreover, Several initiatives are being undertaken by various nonprofit organizations and private players to raise awareness regarding stoma care, globally. For instance, European Ostomy Association organizes World Ostomy Day (WOD) each year. It aims at improving the rehabilitation of ostomates worldwide by bringing them together. Many associations organize activities to raise awareness, such as educational programs, support meetings, and electronic information networks.

Market Restraints and Challenges

Despite the favorable growth environments, a range of complications associated with the use of stoma/ostomy care products including skin irritation, leakage, and retraction may create hindrance to the steady industry growth over the coming years. While several complications from stomas are considered to be minor, other side effects such as necrosis and dehydration may often result in medical emergencies.

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Major Players in the Global Stoma/Ostomy Care Market

The key players in the market are Coloplast Corp (Denmark), Hollister Incorporated (US), B. Braun Melsungen AG (Germany), ConvaTec Inc. (England), Salts Healthcare (UK), Welland Medical Limited (UK), Flexicare Group Limited (UK), Alcare Co. Ltd. (Japan), Cymed Micro Skin (US), Marlen Manufacturing & Development Company (US), and among others

COVID-19 Impact

In the wake of the COVID-19 pandemic, there has been a sustained reduction in the rate of diagnosis and treatment of patients with colorectal cancer in hospitals. The coronavirus-related treatment is being highly prioritized among CRC patients who acquired the virus, as long as they do not present any surgical emergency. This significant delay in the CRC therapy during the pandemic may pose adverse impacts on the growth of the industry. However, as per a survey conducted in 36 hospitals across the UK and Ireland, 97.1% of the hospitals continued their patient management through telephone triage in order to avoid face-to-face consultation and limit exposure to the virus, while ensuring continuity in their businesses. This significant modification in the treatment of CRC patients, alongside the gradual ease of strict lockdowns, is expected to assert positive affluence in the delivery of stoma care procedures over the coming years.

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Global Stoma/Ostomy Care Market Segmentation

Surgery

Chemical based
Ileostomy
Colostomy
Urostomy

System

One-Piece Systems
Two-Piece Systems
Skin Barriers

Usability

Drainable Bags
Closed-End Bags
Others

End-use

Home Care Settings
Hospitals & Ambulatory Surgical Centers

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This release was published on openPR.