Ostomy Care And Accessories Market Size, Sector / Industry Report & Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Ostomy Care And Accessories Market


The global Ostomy Care And Accessories market size is projected to reach US$ 4.33 billion by 2026, from US$ 3.29 billion in 2020, at a CAGR of 4.7% during 2021-2026. Increase in number of patients suffering from colorectal cancer and defective bladder, increasing ostomy surgeries of the bowel, and rise in geriatric population are some of the factors driving the market.
Ostomy care includes products such as bags and accessories. Ostomy bag is attached to the skin of the patient by skin adhesives and is used as a receptacle for collection of urine or fecal material following a ureterostomy, colostomy, or ileostomy. There are different types of ostomy care accessories such as seals/barrier rings, pouch cover, pouch closures, and stoma caps/hat. Growing prevalence of colon and bladder cancer is expected to increase stoma care and accessories market demand.

Ostomy surgeries are also known as bowel diversion, which is a surgical treatment for diverting normal movement of intestinal contents of the body. This is mainly undertaken during removal of diseased bowel. This surgery can be temporary or permanent. Ostomy surgeries of the bowel include colostomy, ileoanal reservoir, continent ileostomy, and ileostomy. These surgeries help patients who are suffering from cancer of the colon or rectum, have an injury in small or large intestine, and/or those who suffer from Inflammatory Bowel Disease (IBD). Thus, increasing number of stoma surgeries is the primary market driver.

Among the three types of ostomy-colostomy, ileostomy, & urostomy-colostomy is most common in North America. Nearly 45% of geriatric population is reported to have colostomy in this region. According to American Medical Association, mostly geriatric population undergoes ostomy procedures compared to the younger population. Thus, increasing elderly population is an important factor aiding market growth.

Although there were no significant advancements in the ostomy bags market in the past few years, the developments in ostomy care accessories are expected to significantly influence the market growth. For instance, stom-i Alert Sensor is a new device developed by 11Health and Technologies Limited that provides warnings to ostomy patients when the bag is full. It is a single-use device that can be used for up to 3 months. It is clipped on the ostomy bag for monitoring the volume of output in the bag. It sends notifications to patients through a message, mobile app, or an email. These advancements are anticipated to boost the market growth over the forecast period.

Market Segmentation, Outlook & Viewpoint: Global Ostomy Care And Accessories Market

Product Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2026)

Bags

  
One Piece
  
Two Piece

 Accessories

  
Seals/Barrier Rings
  
Pouch Cover
  
Pouch Closures
  
Stoma Caps/Hat
  
Others

Application Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2026)

  
Colostomy
  
Ileostomy
  
Urostomy

End-use Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2026)

  
Home Care Settings
  
Hospitals
  
Others

Key Players, Recent Developments & Regional Insights: Global Ostomy Care And Accessories Market

Accessories is expected to be the fastest growing segment in the forecast period. It includes seals/barrier rings, pouch covers, pouch closures, stoma caps/hats, and others. They can help prevent odor, leakage, and skin rashes. The accessories segment also includes customized solutions for specific needs or body shapes. Some of the major companies offering ostomy care accessories are Coloplast; ConvaTec, Inc.; and Hollister Incorporated.

Bags are expected to dominate the market over the forecast period. Ostomy bags are prosthetic medical devices used to collect stool or urine. It includes a pouch to collect waste and a faceplate that attaches to abdominal skin using adhesives. These pouches are air- and watertight, which allows users to continue leading a normal lifestyle. They are most commonly used with urostomies, ileostomies, and colostomies. Key market players offer ostomy bags with various features, which is anticipated to drive the market. For instance, Coloplast offers ostomy bags with a flexible adhesive and neutral gray textile material that suits the body type of individuals.

End-use Insights

Home care settings held the largest share in the ostomy care and accessories market in 2018 and is expected to be one of the fastest growing in over forecast period. Rise in demand for home healthcare is expected to drive this segment. Home care settings ensure ongoing ostomy care by trained nurses. It enables providing of proper care to a patient, which significantly reduces the risk of ostomy-related complications, thereby reducing emergency visits to hospitals. Common home healthcare services for ostomy care include maintaining healthy stoma and changing & emptying ostomy bags. Growing preference for home care and availability of trained nurses in developed and emerging countries are expected to drive the market over forecast period.

Application Insights

Colostomy segment held the largest market share in 2018 owing to increasing geriatric population and growing prevalence of colorectal cancer. As per estimates by the American Cancer Society, in 2019, the number of new cases of colon and rectal cancer in the U.S. are 101,420 & 44,180, respectively. It also reported that lifetime risk of developing colorectal cancer in women is 1 in 24 and in men is 1 in 22. The demand for colostomy bags is expected to increase due these factors. Availability of different types of colostomy bags, such as drainable or closed system bags, which are suitable for specific individual needs, is also anticipated to drive the market.

The Ileostomy segment is expected to witness fastest growth over forecast period owing to growing prevalence of IBDs, such as Crohns disease and ulcerative colitis. As per the CDC, in 2015, approximately 1.3% of adults in the U.S. were diagnosed with IBD, which was a significant increase in the numbers from 1999. These factors are anticipated to impel the market over forecast period.

Regional Insights

Europe dominated the market and is expected to witness substantial growth in future as well, due to increasing prevalence of IBD and growing awareness about ostomy care or stoma surgeries. According to NCBI, IBD includes Crohns diseases or ulcerative colitis, and its incidence in European countries is steadily increasing. In addition, according to the Journal of Crohns and Colitis, the incidence of ulcerative colitis and Crohns disease in Europe is increasing every year. It has been estimated that 0.3% of the total population in Europe suffers from IBD. The highest incidence was witnessed in the U.K., while the lowest was seen in eastern and southern Europe. Thus, increasing incidence of IBD is one of the high impact rendering drivers of the market in Europe.

Asia Pacific is expected to grow at the highest CAGR 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 the World Ostomy Day, which intended to increase awareness about ostomy among the patients and general public. Various activities for promoting awareness worldwide include seminars, educational programs, support meetings & demonstrations, electronic information networks, magazine announcements, articles & advertisements, and video & audio announcements, among others. Thus, increasing awareness among consumers is expected to boost demand for ostomy care products in this region.
Ostomy Care And Accessories Market Share Insights

Some major players in the market are Coloplast Corp.; B. Braun Melsungen AG.; Hollister Incorporated; Convatec, Inc.; Salts Healthcare Ltd; and Welland Medical Limited. These players are focused on launching new types of ostomy care products & accessories, technological advancements, and growth strategies, such as mergers & acquisitions. For instance, in 2017, ConvaTec, Inc. launched Natura Convex Cut-to-Fit Accordion Flange for easy application of 2-piece ostomy pouch. These advancements are anticipated to boost the market over the forecast period.

Key Insights Covered: Global Ostomy Care And Accessories Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Ostomy Care And Accessories industry.
2. Global major manufacturers" operating situation (sales, revenue, growth rate and gross margin) of Ostomy Care And Accessories industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Ostomy Care And Accessories industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Ostomy Care And Accessories industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Ostomy Care And Accessories industry.

Research Methodology: Global Ostomy Care And Accessories Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other