Stoma/Ostomy Care Market Report 2023: R&D Consistency Drives Sector Growth

Posted by Ganesh Shinde on April 21st, 2023

The global stoma/ostomy care market is projected to reach a value of US$ 3.8 billion by the end of 2022, and is expected to grow at a compound annual growth rate (CAGR) of 4.9% during the forecast period from 2023 to 2033, reaching a market value of approximately US$ 6.5 billion by 2033. The growth of the stoma care market is attributed to factors such as the increasing prevalence of diseases requiring ostomy care, advancements in surgical techniques and ostomy products, greater awareness, and reimbursements.

The most common diseases requiring ostomy care are colorectal cancer, bladder cancer, and inflammatory bowel disease, which are treated with surgical excision of aggressive melanoma of the intestine (IBD). In some cases, an ostomy is required, which involves making a surgical incision through the abdomen to create a new waste minimization conduit.

The adoption of stoma/ostomy care procedures has increased worldwide due to the rising occurrence of these diseases and increased exposure to risk factors such as changing eating habits and increased antibiotic use in children.

However, despite recent advancements, the stoma/ostomy market faces several constraints that limit its growth potential. These include stoma care issues, discomfort and other concerns associated with ostomy products, societal stigma, and increased acceptance of alternative therapies, particularly in developing countries.

While stoma surgeries are generally safe, there are some risks involved, including life-threatening issues such as necrosis and exhaustion. As a result, the acceptance of stoma care appliances may be limited to some extent.

Key players in the Stoma/Ostomy Care Market

BAE Systems Plc, ConvaTec Inc., Hollister Inc., EuroMed, Inc, 3M Company, Smith & Nephew plc, FNC Medical, Nu–Hope Laboratories, Inc., Marlen Manufacturing & Development Co., Torbot Group, Inc, Cymed Micro Skin, Alcare Co., Ltd., B. Braun Melsungen AG., Salts Healthcare Ltd, Securi–T USA., Welland Medical Limited, Flexicare Group Limited.

Get More Details@ https://www.futuremarketinsights.com/reports/stoma-ostomy-care-market

Key Segments

By Surgery Type:

• Colostomy
• Ileostomy
• Urostomy

By Product:

• Ostomy Bags
• Ostomy Accessories
  • Belts & Tapes
  • Skin Protection &Skin Barrier
  • Irrigation Sets
  • Convex Inserts
  • Stoma Caps

By Application:

• Cancer
• Inflammatory Bowel Disease
• Bowel Obstruction
• Fecal Incontinence
• Trauma and Infection

By End–Users:

• Hospitals and Specialty Clinics
• Home Care Settings
• Ambulatory Surgical Centers