The stoma/ostomy care market is integral to supporting individuals with post-stoma surgeries, addressing colostomies, ileostomies, and urostomies. With skin-friendly adhesives, odor control, and leak prevention in ostomy appliances, it promotes hygiene, minimizes discomfort, and preserves skin health around the stoma. Enhancing patients' quality of life, stoma/ostomy care facilitates their return to daily activities, ensuring physical and emotional well-being following life-altering surgeries.
Data Bridge Market Research analyses that the Global Stoma/Ostomy Care Market, which was USD 3.71 billion in 2022, is expected to reach USD 5.78 billion by 2030, at a CAGR of 5.7% from 2023 to 2030.
"Growing healthcare expenditure drives the market growth"
The surge in healthcare expenditure in India, exemplified by the government's commitment to reaching 2.5% of the GDP by 2025, acts as a catalyst for the stoma/ostomy care market. This increased financial commitment fosters the development of Greenfield and Brownfield hospitals, enhancing the healthcare infrastructure. Consequently, the growing healthcare expenditure creates a conducive environment for expanding and improving stoma/ostomy care facilities, meeting the rising demand for post-surgery support and rehabilitation services.
What restraints the growth of the global stoma/ostomy care market?
" Risks associated with surgical procedures hamper the market growth"
The stoma/ostomy care market faces hindrances due to risks inherent in surgical procedures. Complications arising from surgeries, such as infections, poor wound healing, and other post-operative challenges, contribute to a cautious approach in adopting stoma/ostomy care. The potential for complications poses a barrier to the market's growth, as concerns about surgical risks may deter individuals from pursuing stoma procedures and, subsequently, utilizing related care products and services.
Segmentation: Global Stoma/Ostomy Care Market
The stoma/ostomy care market is segmented on the basis of product and end-user.
- On the basis product, the global stoma/ostomy care market is segmented into ostomy care bags, and ostomy care accessories
- On the basis end-user, the global stoma/ostomy care market is segmented into home care, hospitals, ambulatory surgical centers, and clinics
Regional Insights: North America dominates the Global Stoma/Ostomy Care Market
North America dominates the global stoma/ostomy care market, driven by the increasing incidence of inflammatory bowel disease (IBD) and heightened awareness of ostomy care. The region's growing aging population also signals a potential surge in cancers related to IBD, colon, and bladder, further consolidating North America's prominence in the stoma/ostomy care market.
Asia-Pacific is expected to dominate the global stoma/ostomy care market, with the highest growth rate from 2023 to 2030. Fueled by developing economies, increasing healthcare expenses, and steady population growth, the region anticipates significant expansion in the stoma/ostomy care sector during the forecast period.
Recent Developments: Global Stoma/Ostomy Care Market
- In July 2021, Trio Healthcare secured a $10 million investment from SWK Holdings Corporation, enabling the expansion of R&D and manufacturing for a global rollout of the Genii stoma bag
- In June 2021, Welland introduced the Aurum Plus ostomy pouch range, featuring closed, drainable, and urostomy options aimed at providing ostomates with enhanced choices, comfort, and confidence
- In May 2021, ConvaTec and Vizient extended their agreement, ensuring continued support for ostomy patients through quality products and the me+TM support program across the care continuum
To know more about the study, visit https://www.databridgemarketresearch.com/es/reports/global-stoma-ostomy-care-market
The Prominent Key Players Operating in the Global Stoma/Ostomy Care Market Include:
- Coloplast Corp (U.S.)
- Hollister Incorporated (U.S.)
- ConvaTec Group PLC (U.K.)
- Salts Healthcare (U.K.)
- B. Braun SE (Germany)
- 3M (U.S.)
- ALCARE Co., Ltd. (Japan)
- Flexicare (Group) Limited (U.K.)
- Henkel Adhesives Technologies India Private Limited (Germany)
- Marlen Manufacturing & Development Company (U.S.)
- Nu-Hope Laboratories, Inc. (U.S.)
- OxMed International GmbH (Germany)
- Smith+Nephew (U.K.)
- Torbot Group, Inc. (U.S.)
- Welland Medical Limited (U.K.)
Above are the key players covered in the report, to know about more and exhaustive list of global stoma/ostomy care market companies, contact: https://www.databridgemarketresearch.com/es/contact
Research Methodology: Global Stoma/Ostomy Care Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
