Rising Incidence of Colorectal Cancer, Bladder Cancer, and IBD and Drives Growth

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DUBLIN, May 15, 2023 /PRNewswire/ — The “Stoma/Ostomy Care: Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

Global Stoma/Ostomy Care Products Market to Reach $5.1 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Stoma/Ostomy Care Products estimated at US$3.3 Billion in the year 2022, is projected to reach a revised size of US$5.1 Billion by 2030, growing at a CAGR of 5.5% over the analysis period 2022-2030.

Ostomy Care Bags, one of the segments analyzed in the report, is projected to record 5.4% CAGR and reach US$4.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Ostomy Care Accessories segment is readjusted to a revised 6.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $926.9 Million, While China is Forecast to Grow at 8% CAGR

The Stoma/Ostomy Care Products market in the U.S. is estimated at US$926.9 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$573.8 Million by the year 2030 trailing a CAGR of 8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 4.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR.

Select Competitors (Total 48 Featured) –

  • ALCARE Co., Ltd.
  • Braun Melsungen AG
  • Coloplast A/S
  • ConvaTec Group Plc.
  • Cymed
  • Hollister Inc.
  • Marlen Manufacturing & Development Co.
  • Nu-Hope Laboratories
  • Perma-Type Company, Inc.
  • Salts Healthcare
  • Welland Medical Ltd

What`s New for 2023?

  • Special coverage on Russia–Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies – Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of Covid-19 and a Looming Global Recession
  • The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed in 2021?
  • How Fast the World is Vaccinated Will Determine How Soon the Pandemic Will End: Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
  • Progress on Vaccinations, Why Should Businesses Care?
  • With IMF’s Upward Revision of Global GDP Forecasts for 2021, Most Companies Are Bullish About a Global Economic Comeback.
  • A Strong 2021 Economic Rebound Based On Pent-Up Demand Comes as a Relief for Suffering Industries & Markets: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • How the Healthcare Industry Has & Continues to be Impacted by the Pandemic & What’s the New Normal?
  • With the COVID-19 Pandemic Exposing Global Healthcare Unpreparedness, There is Increasing Policy Led Focus on Rebooting Health Systems Worldwide: Current & Required Healthcare Spending as % of GDP
  • COVID-19 Impact on Ostomy Care
  • A Prelude to Ostomy Care Products
  • Ostomy Prevalence Worldwide (% Share) by Type of Stoma: 2020
  • Ostomy Prevalence among Young and Elderly Population by Stoma Type: 2020
  • Ostomy Prevalence Rate by Disease Type: 2020
  • Ostomy Care Products Market Set to Witness Rapid Growth Post COVID-19
  • Ostomy Market: 5-year Relative Survival Rate (%) by Year of Diagnosis for Colorectal Cancer and Bladder Cancer
  • Ostomy Care Bags Constitute the Largest Segment
  • Key Market Drivers & Restraints for Ostomy Bags
  • Ostomy Bag Usage Rate (Units per month per Patient)
  • Ostomy Care Accessories Market on Growth Trajectory; Exhibit Fastest Growth Rate
  • Ostomy Flat Vs. Convex Appliances
  • Ostomy Appliance Usage by Appliance Type: 2020
  • Europe, the Most Dominant Regional Market with Largest Share
  • Home Care Dominates the Market
  • Consistent Focus on Product Innovation Augments Market Growth
  • Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • COMPETITION
  • Stoma/Ostomy Care – Global Key Competitors Percentage Market Share in 2022 (E)
  • Coloplast Leads the Ostomy Care Products Market
  • Launch of Sensura Mio Convex Provides a Competitive Edge to Coloplast
  • Coloplast Expands SenSura Mio Range with New Ostomy Care Products
  • Brava Protective Seal
  • SELECT WORLD BRANDS

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Growing Aging Population – A Key Growth Driver
  • Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Rising Incidence of Colorectal Cancer, Bladder Cancer, and IBD and Drives the Need for Ostomy Care Products
  • Inflammatory Bowel Diseases: Incidence Statistics
  • Total Number of Adults in the US with Ulcerative Colitis or Crohn’s Disease: 2015 to 2016
  • Annual Growth Rate of Crohn’s Disease Diagnosed Prevalent Cases Estimates by Major Markets: 2016-2026
  • Product Innovations and Advancements to Spur Market Expansion
  • Select Ostomy Care Innovations
  • Alfred SmartBag
  • Ostoform Seal
  • SphinX
  • StomaLife
  • Transcutaneous Implant Evacuation System (TIES)
  • Self-Sealing Therapy Ostomy Pouch (S2TOP)
  • SenSura Mio Concave System
  • Increasing Access to Healthcare in Emerging Regions
  • Rising Middle Class Population Aids Growth
  • Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
  • Increasing Obesity Levels Propels Market Growth
  • Global Obesity Epidemic: Percentage of Overweight, Obese, and Severely Obese Adults for 2014 & 2025
  • Severely Obese Population (in Thousands) Worldwide by Country: 2014 & 2025
  • Patient Retention Programs by Major Ostomy Players to Increase Products’ Sales
  • Favorable Reimbursements in Developed Markets
  • Rising Online Sales of Ostomy Products
  • Market Restraints
  • Skin Irritation and Other Issues Related with Ostomy
  • Global Drive for Earlier Diagnosis and Treatment

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

A selection of companies mentioned in this report includes

  • ALCARE Co., Ltd.
  • Braun Melsungen AG
  • Coloplast A/S
  • ConvaTec Group Plc.
  • Cymed
  • Hollister Inc.
  • Marlen Manufacturing & Development Co.
  • Nu-Hope Laboratories
  • Perma-Type Company, Inc.
  • Salts Healthcare
  • Welland Medical Ltd

For more information about this report visit https://www.researchandmarkets.com/r/tljlxk

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