Stoma Care/Ostomy Care and Accessories Market - Industry Analysis, Market Size, Share, Trends, Growth And Forecast 2021 - 2026
Stoma Care/Ostomy Care and Accessories Market Overview
Stoma Care/Ostomy Care and Accessories Market size is estimated to reach $3.55billion by 2025 and is poised to grow at a CAGR of 4.8% during the forecast period 2020-2025. A stoma/Ostomy is an opening in the front of the abdomen that the surgeon makes with surgery. The Stoma Care / Ostomy care and accessories market includes products such as bags and accessories. The ostomy bag is attached to the patient's skin with skin adhesives and is used as a container to collect urine or feces after an ureterostomy, colostomy, or ileostomy. The increasing incidence of colon and bladder cancer is set to increase market demand for Stoma Care/Ostomy Care and Accessories Market over the forecast period (2020-2025).
Stoma Care/Ostomy Care and Accessories Market Report Coverage
The report: “Stoma Care/Ostomy Care and Accessories Market Forecast (2020-2025)”, by Industry ARC, covers an in-depth analysis of the following segments of the Stoma Care/Ostomy Care and Accessories Market.
By Product Type: Bags and Accessories.
By Surgery Type: Colostomy, Ileostomy, and Urostomy.
By End-Use: Homecare Settings, hospitals and others.
By Geography: North America, Europe, Asia-Pacific, and Rest of World.
Key Takeaways
- Geographically, Europe dominates the global Stoma Care/Ostomy Care and Accessories market during the forecast period owing to the factors such as chronic intestinal diseases, increased adoption of technologically advanced products in the region.
- The growing prevalence of inflammatory bowel disease and the rising cost of health care in ostomy are the factors that are driving the global Stoma Care/Ostomy Care and Accessories market over the forecast period (2020-2025).
- The lack of reimbursement of stoma care bags and the weak economies of developing regions are projected to have a negative impact on the global stoma care market over the forecast period.
- Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Stoma Care/Ostomy Care and Accessories Market report.
By Product Type- Segment Analysis
The global Stoma Care/Ostomy Care and Accessories market based on the Product type has Bags and Accessories. Accessories are set to be the fastest growing segment over the forecast period (2020-2025). They can help prevent odors, leaks and skin rashes. The accessories segment also includes customized solutions for individual needs or body shape. The ostomy bag segment is projected to have a significant market share during the forecast period owing to the increase in the number of patients who have undergone ostomy surgeries, technological advances in the segment and an efficient reimbursement system in developed countries.
By End-Use – Segment Analysis
Based on End-Use, the market is classified into Homecare settings, Hospitals and others. Home care accounted for the largest share of the stoma care and accessories market in 2019 and is set to grow forecast period. An increase in the demand for home health care is set to lead this segment. Home care settings Continue ostomy care by trained nurses. Growing preference for home care settings and availability of trained nurses in the developed and emerging countries are set to drive the market over forecast period (2020-2025).
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