- Medical Devices
- Wednesday, 29 Mar 2023
Ostomy Care Market 2028 Global Forecasts and Key Regions Analysis
Ostomy Care Market: Key Insights
The market for ostomy care is anticipated to grow significantly in the forecasted year years, driven by several key factors. Firstly, the increasing incidence of chronic diseases such as cancer, inflammatory bowel disease, and other conditions that require ostomy surgery is driving the market growth. Ostomy surgeries are becoming more common because of the rising prevalence of these diseases.
Secondly, the aging population is also driving the growth of the ostomy care market. With an aging population, the incidence of chronic diseases increases, leading to a higher demand for ostomy care products. Additionally, a growing awareness about ostomy care and technological advancements in ostomy care products are also driving the market growth. The development of new and innovative products that are more comfortable, discreet, and easy to use is expected to increase the adoption of ostomy care products among patients.
On the other hand, limited reimbursement for ostomy care products, lack of awareness, and limited access to ostomy care products in developing countries may hinder the market growth.
Growing Incidence of Inflammatory Bowel Disease to Drive Ostomy Care Market
The growing incidence of inflammatory bowel disease (IBD) is playing a significant role in driving the growth of the ostomy care market. IBD is a chronic condition that causes inflammation of the digestive tract and includes conditions such as Crohn's disease and ulcerative colitis. Ostomy surgeries are becoming more common because of the rising prevalence of these diseases. The increasing number of people with IBD requiring ostomy surgery is driving the demand for ostomy care products.
Additionally, the increasing incidence of IBD is also leading to a rise in the number of people living with an ostomy. This is further contributing to the growth of the ostomy Care market. People living with an ostomy require ongoing care and management, which includes regular replacement of ostomy bags, skin care products, and other accessories. The growing number of people living with an ostomy is driving the demand for ostomy care products.
Ostomy Care Market: Segmental Overview
The global ostomy care market is segmented based on product type, surgery type, shape of skin barrier, and end user. Based on product type, the global ostomy care market is segmented into bags and accessories. Based on surgery type, the global ostomy care market is segmented into ileostomy, colostomy and urostomy. Based on shape of skin barrier, the global ostomy care market is segmented into flat and convex. Based on end user, the global ostomy care market is segmented into ambulatory surgical centers, hospitals, and home care settings.
Based on end user, the hospitals segment held the substantial share of the global ostomy care market. Hospitals are the primary end-users of ostomy care products and the increasing number of ostomy surgeries being performed in hospitals is driving the growth of the segment. Firstly, the increasing number of ostomy surgeries being performed in hospitals is driving the demand for ostomy care products. Ostomy surgeries are performed in hospitals, and the patients typically receive their initial supply of ostomy care products while still in the hospital. This drives the demand for ostomy care products in the hospital segment.
Secondly, hospitals also provide ostomy care education and support to patients, which is important for the proper management of an ostomy. This drives the demand for ostomy care products in the hospital segment. Furthermore, many hospitals have specialized ostomy care clinics that provide ongoing support and education to patients with ostomies, further driving the demand for ostomy care products in the hospital segment.
Ostomy Care Market: Competitive Landscape and Key Developments
Hollister Incorporated, Nu-Hope Laboratories, Inc., ConvaTec Group PLC, ALCARE Co., Ltd., Flexicare Medical Limited, B. Braun Melsungen AG, 3M, Coloplast, Marlen Manufacturing and Development Company, and Welland Medical Limited are among the key players operating in the ostomy care market. These companies have a widespread presence worldwide, which provides lucrative opportunities to serve many customers and expand the market.
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