This report aims to provide detailed insights into the global ostomy
care market. It provides valuable information on the type, procedure, application,
and region in the market. Furthermore, the information for these segments, by
region, is also presented in this report. Leading players in the market are
profiled to study their product offerings and understand the strategies
undertaken by them to be competitive in this market.
Expected Revenue Growth:
The Ostomy Care Market is projected to reach USD 3.5 billion by 2025 from USD 2.8 billion in
2020, growing at a CAGR of 4.4% during the forecast period.
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Key Factors Driving Market Growth:
The increasing target patient population, a growing number of
awareness programs to educate patients regarding the use of ostomy products,
and the favorable reimbursement system in developed countries are the major
factors driving the growth of Stoma Care Market.
Ostomy
Care Products Segment:
Based on product type, the Stoma Care Market is segmented into ostomy care bags
and ostomy care accessories. In 2019, the ostomy care bags segment accounted
for the largest share of the ostomy care industry. The increasing number of
patients suffering from IBD, colorectal cancer, and bladder cancer— among other
diseases requiring ostomies—is expected to drive this market.
Surgery Type:
Based on surgery type, the ostomy care market is segmented into ileostomy,
colostomy, and urostomy. The ileostomy segment is expected to grow at the
highest CAGR during the forecast period due to the growing aging population and
rising patient awareness regarding health.
Europe to
account for the largest share of the global Stoma Care Market in 2019
Geographically, stoma care market is segmented into five regional segments,
namely, North America, Europe, Asia Pacific, Latin America,
and Middle East & Africa. Europe had the
largest share of the market in 2019 since European countries have a higher
prevalence of IBD, which is a result of a higher number of ostomy surgeries.
European countries, especially Germany, France, and the UK, have favorable
reimbursements for ostomy care products. In Germany, 100% reimbursement is
available to ostomates, thus eliminating out-of-pocket expenses. This factor is
expected to boost the growth of this region further in ostomy care market.
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Key Players in Ostomy Care Market:
The major players operating in the global ostomy care market are Coloplast A/S
(Denmark),
Hollister Incorporated (US), ConvaTec Group plc (UK), B. Braun (Germany),
ALCARE Co., Ltd. (Japan),
Nu-Hope (US), Marlen Manufacturing & Development Company (US), Welland
Medical Limited (UK), Baohe Ostomy Care (China), Flexicare Medical Limited (UK),
Cymed (US), Schena Ostomy Technologies, Inc. (US), Perma-Type Company Inc.
(US), 3M (US),
Smith & Nephew (US), and Salts Healthcare (UK), among others.
Coloplast was the leading player in the ostomy
care market in 2019. The company’s leading position in this market can be
attributed to its strong pipeline of new products, sustained cost discipline,
and adoption of new strategies to enhance its product portfolio based on new
technologies available in the market. The Ostomy Care business of the company
has witnessed organic sales growth of 7% in 2018-19, which was almost double
the overall stoma care market growth rate.
Hollister Incorporated accounted for the second-largest share of the
ostomy care market in 2019. The company’s leading position in stoma care market
is attributed to its comprehensive portfolio of advanced ostomy pouching
systems and accessories. The company faces competition from several large,
diversified companies such as Coloplast and ConvaTec, as well as from numerous
smaller niche companies.
