The global Stoma Care Market is projected to reach USD 3.2 billion by 2026, at a CAGR of 4.3%. The increasing target patient population, growing prevalence of inflammatory bowel diseases, rising geriatric population, growing awareness, technological advancements, and the favorable reimbursement system in developed countries are the major factors driving the growth of this market. However, discomfort and other issues associated with the use of ostomy bags and the growing adoption of alternative treatments are limiting the growth of stoma market.
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Key Market Players:
Prominent players in the ostomy care market include Coloplast Corp (Denmark), Hollister Incorporated (US), B. Braun Melsungen AG (Germany), ConvaTec Inc. (England), Salts Healthcare (UK), Welland Medical Limited (UK), Flexicare Group Limited (UK), Alcare Co. Ltd. (Japan), Cymed Micro Skin (US), Marlen Manufacturing & Development Company (US), Nu-Hope Labs (US), Torbot Group Inc. (US), Smith & Nephew (UK), Perma-Type Company Inc. (US), and 3M (US).
Coloplast is a prominent player in the stoma care market. The company’s leading position in this market can be attributed to its strong pipeline of new products, sustained cost discipline, and adoption of new strategies to enhance its product portfolio based on new technologies available in the market. The ostomy care business of the company has witnessed organic sales growth of 6% in 2020 FY. This growth was mainly supported by its SenSura Mio product line in various important markets.
The company maintains a database of around 1.5 million users and offers direct support to end users in more than 30 countries. Its key subsidiaries are Coloplast de Argentina S.A. (Argentina), Coloplast Pty. Ltd. (Australia), Coloplast do Brasil Ltda. (Brazil), Lilial S.A.S. (France), Coloplast Turkey AS (Turkey), Coloplast Corp. (USA), Coloplast Korea Limited (Korea), and Coloplast K.K. (Japan).
The company also focuses on expanding its market presence through M&A, product launches, and contracts activities. For instance, in 2021, Coloplast opened its first factory in Central America in Costa Rica.
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In this report, the Ostomy Care Market is segmented based on surgery type, product type, end user and region.
Global stoma care market, by Type
- Ostomy bags
- Ostomy accessories
Global stoma care market, by Surgery type
- Colostomy
- Ileostomy
- Urosotmy
Global stoma care market, by End Users
- Hospitals and Specialty clinics
- Home care settings
- Ambulatory Surgical Centers
Global ostomy care market, by Region
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe (RoE)
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Middle East & Africa
The Colostomy segment accounted for the largest share of the ostomy care market, by surgery type, in 2020
Based on surgery, the stoma care market is segmented into ileostomy, colostomy, and urostomy. The Colostomy segment is expected to dominate this market during the forecast period. Colostomy is the most common type of surgical procedure performed globally. The rising incidence of colon cancer, stomach cancer, and IBD in developed and developing countries, coupled with the favorable reimbursement scenario in developed countries, is supporting the growth of this segment.
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The ostomy bags segment, by product type, accounted for the largest share of the global ostomy care market in 2020
Based on product, the stoma care market is segmented into two broad categories—ostomy bags and accessories. The ostomy bags segment accounted for the largest share of the stoma/ostomy care market in 2020. The large share of this segment is attributed to their high usage and low cost. The ostomy bags segment dominated the global stoma/ostomy care market with a share of 88.49% in 2020.
Ostomy bags hold the largest share of the products market due to the growing number of patients suffering from target diseases (such as colorectal cancer and bladder cancer). Moreover, the efficient reimbursement system in developed countries and rising awareness aid market growth.
