The ileostomy market is enhanced by the increasing awareness of ostomy care and the rising number of chronic diseases among people.
Covid-19 Impact & Market Status
A number of nations' economies and businesses have suffered as a result of COVID-19's travel restrictions and business closures. The shutdown of numerous plants and factories has had a significant impact on global supply chains, which has harmed production, delivery schedules, and product sales on the global market. Similar to the majority of other markets, the ileostomy market had also been severely affected, and since everything came to a standstill at this time, the market's growth was hindered by the decreased demand for ileostomy products.
High Demand for the End Ileostomy Segment
The two primary operation types available in the ileostomy market are end and loop ileostomies. Because patients prefer it because of its lower pricing, decreased rate of wound infection and simpler surgical technique, the end ileostomy segment presently has the biggest revenue share in the market and is anticipated to continue earning it during the analysis period.
Stoma Bags will generate the most revenue.
Since stoma bags are categorized by the FDA as Class I medical devices, it is anticipated that the category will continue to generate the biggest revenue share in the market during the analysis period. The rules are less stringent, which allows for the marketing of such devices.
Hospitals segment to remain Atop
As there are more patients with chronic conditions, there is a higher demand for these items as they are required for treatment, which drives up revenue share for the hospital segment, which is anticipated to remain the same during the analysis period.
Europe will generate the highest market revenue
Because there is such a large demand for the items needed for various surgeries and the treatment of diseases in these regions, Europe currently has the biggest revenue share in the market, and it is anticipated that this trend will continue during the analysis period.
During the analysis period, Asia-Pacific is expected to grow rapidly as the demand for ostomy care products and accessories is set to increase with increased consumer awareness. Stomas are common in the elderly population, who often require ileostomy surgery. As a result, an increasing number of patients with chronic diseases, combined with an aging population, are driving the demand for ostomy care products and accessories in these regions.
The market’s rise is also expected to be aided by several technological breakthroughs in the field of ileostomy which have helped massively in the treatment of various diseases.
An ileostomy is a surgical operation that forms a stoma, which connects the ileum, the lower section of the small intestine, to the outside of the abdomen. The resulting aperture allows solid waste and gas to leave the body without passing via the colon or rectum. A pouch worn on the exterior of the body collects the waste. When a section of the intestine needs to be bypassed or removed, an ileostomy is usually considered. This could be owing to the large intestine being clogged or damaged, the necessity for surgical removal of a portion of the large intestine, or a burst colon causing an abdominal infection.
During the study period, the global ileostomy market will expand at a CAGR of 4.4% and grow from US$ 578.3 million in 2021 to US$ 890.2 billion by 2030,
There has been an increase in chronic diseases all over the world which require ileostomy products for treatment, and this has led to the increasing popularity of the products. Also, various technological advancements have been made in this field which has produced several benefits. Technological improvements that improve the acceptability and feasibility of stoma bags contribute to the market's favorable growth. However, the movement in patient preference from ileostomy to ileoanal reservoirs, which do not have an external stoma bag for waste collection, is projected to stymie the global Ileostomy market's growth.
The market has intense competition due to the high demand and consists of several big corporations like Salts Healthcare, Alcare Co., 3M Healthcare, B. Braun Melsungen AG, Hollister Incorporated, Coloplast Corp., etc.
Latest Innovations in the Ileostomy Market: A Snapshot
- In March 2021, Vizient Inc. granted a contract for Ostomy products to ConvaTec Inc., a worldwide medical solutions firm focused on therapies for the management of chronic illnesses.
Ileostomy Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2030||USD 890.2 billion|
|Growth Rate||CAGR of 4.4 % during 2022-2030|
|Segment Covered||Procedure Type, Equipment Type , End-user, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Salts Healthcare, Alcare Co., 3M Healthcare, B. Braun Melsungen AG, Hollister Incorporated, Coloplast Corp|
Key Segments of the Global Ileostomy Market
Procedure Type Overview, 2021-2030 (USD Billion)
- End Ileostomy
- Loop Ileostomy
Equipment Type Overview, 2021-2030 (USD Billion)
- Belts & Girdles
- Stoma Bags
- Stoma Guards
- Adhesive Sprays
End User Overview, 2021-2030 (USD Billion)
- Research Institutes
- Ambulatory Surgical Center
Regional Overview, 2021-2030 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa