Stoma/Ostomy Care Market 2020-2027 : Size, Industry Share, Growth and Key Players Analysis
Global Stoma/ Ostomy Care Market was valued at USD 20.10 billion in 2019 which is expected to reach USD 5.2 billion by 2027 at a CAGR 5.3%.
Stoma/ ostomy defined as end of catheter or ureter which is surgically placed into in patients replacing the use of bowel or bladder due to bowel, bladder cancer, and Crohn’s disease. Stoma is an opening created in human body for the replacement of excreting organ and disposable of body wastes.
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Market Drivers
Increase in geriatric population and rise in prevalence of bowel and bladder cancer are the key driving factors which are expected to boost the global stoma/ ostomy care market growth. Also, increase inawareness regarding stoma/ ostomy care and technological advancements which are expected to propel the global stoma/ostomy care market growth. For instance, in January 2017, ConvaTec had launched Ostomy care products (Esteem+ Flex Convex’ one-piece system) across the world for people with urostomies, ileostomies, and colostomies.
Market Restraints
However, displeasure related to ostomy bags and unfavorable and fluctuating compensations provided by the insurance company are the restraining factors which are expected to hamper the global stoma/ostomy care market growth.
Market Segmentation
Global Stoma/ Ostomy Care Market is segmented into surgery such as Urostomy, Colostomy,and Ileostomy, by system such as One-Piece Systems, Two-Piece Systems, and Skin Barriers, by usability such as Closed-End Bags, Drainable Bags, and Others, Further, Global Stoma/ Ostomy Care Market is segmented into end user such as Hospitals, Home care, Ambulatory Surgical Centers, and Others.
Also, Global Stoma/ Ostomy Care Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
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Market Taxonomy
By Surgery
- Urostomy
- Colostomy
- Ileostomy
By System
- One-Piece Systems
- Two-Piece Systems
- Skin Barriers
By Usability
- Closed-End Bags
- Drainable Bags
- Others
By End User
- Hospitals
- Home care
- Ambulatory Surgical Centers
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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