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Global Ileostomy Market Size By Procedure Type (Loop Ileostomy and End Ileostomy), By Equipment Type (Belts & Girdles, Stoma Bags, Stoma Guards, Adhesive Sprays), By Disease Indication (Cancer, Ulcerative Colitis, Diverticulitis, Crohn’s Disease), By End-User (Research Institutes, Hospitals, Ambulatory Surgical Center), By Geographic Scope And Forecast


Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Ileostomy Market Size By Procedure Type (Loop Ileostomy and End Ileostomy), By Equipment Type (Belts & Girdles, Stoma Bags, Stoma Guards, Adhesive Sprays), By Disease Indication (Cancer, Ulcerative Colitis, Diverticulitis, Crohn’s Disease), By End-User (Research Institutes, Hospitals, Ambulatory Surgical Center), By Geographic Scope And Forecast

Ileostomy Market Size And Forecast

Ileostomy Market size was valued at USD 1.43 Billion in 2020 and is projected to reach USD 2.40 Billion by 2028, growing at a CAGR of 6.71% from 2021 to 2028.

The growth of the Ileostomy Market can be credited to the growing awareness amongst the population around the world about ostomy care, an increase in the number of patients with chronic diseases such as cancer and Chron’s disease, and technological advancements in the area of Ileostomy. The Global Ileostomy Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Ileostomy Market Definition

An ileostomy is a surgical procedure that creates a temporary or permanent opening called a stoma. A stoma is a pathway from the lowest part of the small intestine, called the ileum, to the outside of the abdomen. The opening thus created helps the solid waste and gas to exit the body without passing through the colon or the rectum. The waste is collected in a pouch worn on the outside of the body. An ileostomy is generally considered when there is a need to bypass or remove a part of the intestine. This, in turn, could be due to the large intestine being blocked or damaged, there is a need for surgical removal for a part of the large intestine, or an abdominal infection is caused by a ruptured colon.

People with certain types of cancer, such as colorectal cancer, may also need an Ileostomy. Sometimes, women being treated for ovarian cancer need an ileostomy. An ileostomy may also be needed for People with Crohn’s disease, ulcerative colitis, or familial adenomatous polyposis, which is a pre-cancerous condition. Cancer-related ileostomy lasts only for a few months while the colon or rectum heals. However, Ileostomy may also be a permanent requirement in a few cases. Standard Ileostomy is the most common type of Ileostomy, also called as Brooke Ileostomy. A stool is created from the small intestine or the rectum in an Ileo-anal reservoir.

Global Ileostomy Market Overview

In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. One of the major drivers of the growing Ileosotmy Market is the rising awareness of consumers toward ostomy care. Awareness campaigns at a worldwide level are being undertaken by Numerous nonprofit organizations and private players. are. For instance, European Ostomy Association clears the myths surrounding Ileostomy through World Ostomy Day and encourages patients into availing of the surgery.

The treatment of a rising number of people with colorectal cancer and Chron’s disease also leads to the growth of the Ileostomy Market. The number of people suffering from Inflammatory Bowel Disease Prevalence (IBD) in the United States in 2015 was an estimated 1.3% of US adults (3 million, with either Crohn’s disease or ulcerative colitis). This was a significant increase from 1999 (0.9% or 2 million adults). According to the World Health Organization, more than 499,667 new cases of colorectal cancer were reported in Europe in 2018.

Additionally, there also have been technological advancements that help to make the use of ostomy bags more feasible, such as the presence of sensory devices alerting a doctor about the stoma bag’s volume. Such technological advancements which increase the acceptability and feasibility of stoma bags drive the growth of the market in a positive manner. However, the shifting consumer preference of patients from ileostomy to ileonal reservoirs, due to the fact that ileonal reservoirs do not have an external stoma bag attached for the collection of waste is expected to hinder the growth of the global Ileostomy market.

In contrast, a significant opportunity for the growth of the market is provided by the cost efficiency of the ileostomy over ileonal reservoir. Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Ileostomy Market” is mainly bifurcated into sub-segments that can provide classified data regarding the latest trends in the market.

Global Ileostomy MarketSegmentation Analysis

The Global Ileostomy Market is Segmented on the basis of Procedure Type, Equipment Type, Disease Indication, End-User, And Geography.

Ileostomy Market, By Procedure Type

• Loop Ileostomy• End Ileostomy

Based on Procedure Type, the market is segmented into Loop Ileostomy and End Ileostomy. The end Ileostomy segment has a higher market presence than its counterpart because it is more favoured by patients due to its economical prices, low wound infection rate, and less complexity of the operating procedure.

Ileostomy Market, By Equipment Type

• Belts & Girdles• Stoma Bags• Stoma Guards• Adhesive Sprays

Based on Equipment Type, the market is segmented into Belts & Girdles, Stoma Bags, Stoma Guards, and Adhesive Sprays. Stoma bags had the highest market prevalence as of 2018. This is because Stoma bags are categorized as Class I devices by the FDA. The regulations are a little less restrictive which makes the commercialization of such devices possible.

Ileostomy Market, By Disease Indication

• Cancer• Ulcerative Colitis• Diverticulitis• Crohn’s Disease• Others

Based on Disease Indication, the market is segmented into Cancer, Ulcerative Colitis, Diverticulitis, Crohn’s Disease, and Others. Cancer is the majorly prevalent segment in this market. The American Cancer Society estimates 104,270 new cases of colon cancer and 45,230 new cases of rectal cancer in the year 2021.

Ileostomy Market, By End-User

• Research Institutes• Hospitals• Ambulatory Surgical Center

Based on End-User, the market is segmented into Research Institutes, Hospitals, and Ambulatory Surgical Center. The hospitals have a larger market prevalence in the market. This can be ascribed to the fact that there are world-class healthcare establishments majorly in the world with the availability of varied kinds of surgical procedures.

Ileostomy Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Geography, the Global Ileostomy Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Europe is expected to be the region with the most amount of Business in the forecast period, owing to the rising number of cases of cancer cases and the presence of well-established healthcare facilities in the region. According to the World Health Organization, more than 499,667 new cases of colorectal cancer were reported in Europe as of 2018. It is also the second most common cause of death from cancer in Europe, according to WHO.

Key Players

The “Global Ileostomy Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as 3M Healthcare, Smith & Nephew plc, Convatec Inc., B. Braun Melsungen AG, Salts Healthcare Ltd., Hollister Incorporated, Coloplast A/S, Marlen Manufacturing and Development Co., Flexicare Medical Ltd., Pelican Healthcare Ltd., and others

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• SenSura Mio Baby and SenSura Mio Kids were introduced by Coloplast A/S in 2019.

• At the Swedish ET-nurse convention in Malmö in 2019, Welland Medical debuted the Aurum range of skin-friendly ostomy products in Sweden. Aurum, Aurum Xtra, Aurum Convex, and Aurum Profile are among the items available.

• Hollister opened a new production facility in Kaunas, Lithuania, in 2019. The newly constructed facility produces ostomy care and continence care items.

• Coloplast A/S increased its SenSura Mio ostomy product portfolio in 2018 with the introduction of SenSura Mio Concave. Japan, the United Kingdom, Germany, Denmark, Italy, the Netherlands, and Finland all have access to the product.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2017-2028

BASE YEAR

2020

FORECAST PERIOD

2021-2028

HISTORICAL PERIOD

2017-2019

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

3M Healthcare, Smith & Nephew, Convatec Inc., B. Braun Melsungen AG, Salts Healthcare, Hollister Incorporated, Coloplast, Marlen Manufacturing

SEGMENTS COVERED

By Procedure Type, By Equipment Type, By Disease Indication, By End-User, And By Geography

CUSTOMIZATION SCOPE

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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