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Global Ostomy Devices Market – Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Oct 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Ostomy Devices Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR - 4.5% Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 2.60 Billion
Diagram Market Size (Forecast Year) USD 3.70 Billion
Diagram CAGR 4.5%

Global Ostomy Devices Market, By Product (Bags, Accessories), Surgery Type (Ileostomy Drainage Bags, Colostomy Drainage Bags, Urostomy Drainage Bags), Shape of Skin Barrier (Flat and Convex), System Type (One-piece System, and Two-piece System), End Users (Ambulatory Surgical Centers, Hospitals, Home Care, and Others) – Industry Trends and Forecast to 2029.

 Ostomy Devices Market Analysis and Size

According to American Cancer Society, in 2021, around 149,500 people are likely to be diagnosed with colorectal cancer, and approximately 52,980 people will die due to colorectal cancer. The high occurrence of colorectal cancer and urinary bladder cancer has augmented the demand for ostomy care products globally. The growing prevalence of bladder and colorectal cancer in the geriatric population, is a key contributor to ostomy devices market growth.

Data Bridge Market Research analyses that the ostomy devices market which was USD 2.601 billion in 2021, is expected to reach USD 3.7 billion by 2029, at a CAGR of 4.50% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Ostomy Devices Market Scope and Segmentation      

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product (Bags, Accessories), Surgery Type (Ileostomy Drainage Bags, Colostomy Drainage Bags, Urostomy Drainage Bags), Shape of Skin Barrier (Flat and Convex), System Type (One-piece System, and Two-piece System), End Users (Ambulatory Surgical Centers, Hospitals, Home Care, and Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

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.)

Market Opportunities

  • Increasing prevalence of bladder cancer, bowel cancer and inflammatory bowel diseases
  • Favorable reimbursement policies for ostomy devices

Market Definition

An ostomy device is a piece of prosthetic medical equipment that collects waste from a surgically diverted biological system (colon, ileum, or bladder) and creates a stoma. Birth defects, bladder cancer, inflammatory bowel disease, diverticulitis, obesity, and various other medical conditions may necessitate an ostomy. It is divided into three types: colostomy, urostomy, and ileostomy.

Global Ostomy Devices Market Dynamics

Drivers

  • Increase in usage of ostomy drainage bags

Ostomy bags are primarily used to collect urine or stool post-surgery, depending on the type of surgery a patient undergoes. It is frequently used as a last resort when other treatments have failed to relieve the pain and discomfort of ulcerative colitis (UC). Almost one in every 500 Americans has an ostomy drainage bag. Approximately 30% of people with UC will require ostomy bags at some point, either temporarily or permanently. In some cases, such as when the colon is removed due to cancer, the use of ostomy drainage bags may be permanent. Bags and pouches are also very discreet these days, and can be worn under almost any type of clothing. The increased use of ostomy drainage bags will have a positive impact on the demand for ostomy drainage bags during the forecast period.

  • Growing healthcare expenditure

In the year 2018, the government spent INR 213,719.6 crore on healthcare. In terms of its National Health Policy, the government of India has been taking regular initiatives to increase this expenditure to a level of 2.5% of the country's GDP by 2025. Increased healthcare spending has resulted in Greenfield and Brownfield growth in the hospital sector. As a result, the medical device industry's revenue has increased as new capital systems equipped with cutting-edge technology are installed at various healthcare facilities.

Opportunities

  • Increasing cases of colorectal cancer

Colorectal cancer is the most common cancer in men and the second most common cancer in women worldwide, with the highest prevalence rates in North America, Australia, New Zealand, Europe, and Japan. Colorectal cancer is commonly diagnosed in people aged 60 and up. New colorectal cancer patients are expected to rise in the coming years. Surgery is the common method to treat colorectal cancer, results in a permanent ostomy in 10% of cases, which is expected to boost the market in the coming years.

Restraints/Challenges

  • Risks associated with surgical procedures

The stomas are a relatively common and safe surgical procedure, with potential complications and risks. Most ostomy surgeries are successful, but complications can be severe and even fatal in some cases. Complications can arise during the procedure or the recovery period. Skin irritation, bowel obstruction, dehydration, leakage, parastomal hernia (PH), prolapsed, retraction, ischemia/necrosis, and damage to other abdominal organs are all common complications. Anesthesia reaction, bleeding, blood clot, wound infection, and septicemia are also general risks of surgery. These all are the factors which obstruct the growth of the market.

This ostomy devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ostomy devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent developments

  • In July 2021, Trio Healthcare received $10 million in funding from SWK Holdings Corporation, a US specialist finance company. The funding will help Trio's R&D and manufacturing teams scale up operations to support a large-scale global rollout of Trio's Genii stoma bag.
  • In June 2021, Welland announced the launch of its brand new ostomy pouch range Aurum Plus. The new pouches are available in closed, drainable, and urostomy sizes. Aurum Plus started as an idea, a way to give ostomates more options, comfort, and confidence.
  • In May 2021, ConvaTec and Vizient signed an extended agreement under which ConvaTec will continue to support ostomy patients with quality ostomy products and accessories, as well as the me+TM support program, throughout the continuum of care.

Global Ostomy Devices Market Scope

The ostomy devices market is segmented on the basis of product, type, shape of skin barrier, system type and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

  • Bags
  • Accessories

 Surgery Type

  • Ileostomy Drainage Bags
  • Colostomy Drainage Bags
  • Urostomy Drainage Bags

 Shape of Skin Barrier

  • Flat
  • Convex

 System Type

  • One-piece System
  • Two-piece System

 End Users

  • Ambulatory Surgical Centers
  • Hospitals
  • Home Care
  • Others

Ostomy Devices Market Regional Analysis/Insights

The ostomy devices market is analyzed and market size insights and trends are provided by country, product, type, shape of skin barrier, system type and end users as referenced above.

The countries covered in the ostomy devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the ostomy devices market due to the growing of the incidences of IBD and rising consciousness about ostomy care or stoma surgeries. Furthermore, rising of the aging population indicates future rising prevalence of cancers of the IBD, colon and bladder and incontinence.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to existence of the developing economies, rising count of patients, growing of the health care expenses and steadily growing of the population.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The ostomy devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for ostomy devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the ostomy devices market. The data is available for historic period 2010-2020.

Competitive Landscape and Ostomy Devices Market Share Analysis

The ostomy devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to ostomy devices market.

Some of the major players operating in the ostomy devices market are:

  • 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.)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Ostomy Devices Market is projected to grow at a CAGR of 4.50% during the forecast period by 2029.
The future market value of the Ostomy Devices Market is expected to reach USD 3.7 billion by 2029.
The major players in the Ostomy Devices Market are 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), etc.
The country covered in the Ostomy Devices Market is the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, etc.
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