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Ostomy Care Market: What are the global growth opportunities, market share and demand analysis

The global ostomy care market is projected to reach USD 2.99 Billion by 2022 from USD 2.40 Billion in 2017, at a CAGR of 4.5% during the forecast period. The high incidence of bladder/colorectal cancer/inflammatory bowel disease; rising geriatric population; growing number of awareness programs to educate patients regarding the use of ostomy products; technological advancements in ostomy products; and efficient reimbursement system in developed countries are some of the factors driving the growth of the stoma care market.
This report broadly segments the ostomy care market into product and end user. On the basis of product, the market is categorized into ostomy care bags and ostomy care accessories. The bags segment is further categorized into surgery type, system type, and usability. On the basis of surgery type, ostomy bags are segmented into – ileostomy, colostomy, and urostomy. On the basis of system type, the market is classified into one-piece systems, two-piece systems, and skin barrier. On the basis of usability, bags are segmented into drainable and closed-end bags. While accessories are further segmented into pastes & powders, creams, deodorants, cleansers, and other accessories.
In 2017, the ostomy care bags segment is expected to account for the largest share of the market.
Based on end user, the stoma care market is segmented into home care and hospitals & ambulatory surgical centers. Home care settings are expected to account for a larger share of the global market in 2017. The large share of this end-user segment can primarily be attributed to the rising incidence of risk factors such as Inflammatory Bowel Disease (Crohn’s disease and Ulcerative Colitis) and colorectal cancer.
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