by The Global Ileostomy Market is primarily driven by the rising prevalence of inflammatory bowel disease, rising number of surgeries for colon cancer and various other indications. Ileostomy involves creating an opening through abdominal wall for the fecal discharge. This procedure is performed for various indications such as ulcerative colitis, Crohn’s disease and colon cancer. Post-operative ileostomy aids in diverting intestinal flow and allows colon or rectum to heal. Ostomy products including pouches, belts and accessories are used to collect and dispose intestinal waste following ileostomy surgery.
The Global Ileostomy Market is estimated to be valued at US$ 1.90 Bn in 2024 and is expected to exhibit a CAGR of 7.4% over the forecast period 2024 to 2031.
Key Takeaways
Global Ileostomy Market Companies are Coloplast Corp, ConvaTec Inc., Hollister Incorporated, Marlen Manufacturing & Development Company, Perma-Type Company, Inc., Nu-Hope Laboratories, Inc., Perfect Choice Medical Technologies, Fortis Medical Products, Safe n’ Simple, AdvaCare Pharma, Schena Ostomy Technologies, Inc., Cymed, TG Eakin Limited, Alcare Diagnostic Research Center Pvt. Ltd., Welland Medical Limited.
The key opportunities in the market include rising demand for customized and skin-friendly ostomy products. Introduction of new anatomical materials, increase in disposable incomes and growing prevalence of lifestyle-associated ailments also presents an opportunistic landscape.
Technological advancements in ostomy products include introduction of one-piece pouches with adjustable waists and pre-cut adhesive areas for better convenience and protection. Invisible, transparent and waterproof pouches ensure discretion and confidence. Digital accessories like pouch application aids, image guidance and sensors also aid in improving ostomy care.
Market Drivers:
The primary drivers boosting the Global Ileostomy Market Demand are increasing number of minimally invasive and robot-assisted ostomy procedures and growing awareness aboutpreventive ostomy care. Rising focus on developing nations due to increasing healthcare expenditure also supports market expansion. Growing geriatric population worldwide susceptible to colonic diseases and injuries acts as a high impact rendering driver for the market.
Current Challenges in Global Ileostomy Market:
The global ileostomy market is facing various challenges such as high costs associated with ostomy procedures, complications arising after surgeries, and social stigma associated with ostomies. The ileostomy surgeries and associated ostomy products are quite expensive for many patients. This prevents them from availing the necessary treatment and follow-up care. After ileostomy surgeries, some patients experience complications like hernias, adhesions, retraction of the stoma, and infections. Managing these complications adds to the costs. Many patients also feel embarrassed due to their ostomy and prefer not interacting with others or going out in public. This negatively impacts their quality of life. Lack of awareness about ostomy care also acts as a bottleneck in complete recovery and adaptation.
SWOT Analysis
Strength: Increasing awareness levels among patients about ostomy care and support groups. Advancements in ostomy products in terms of comfort, fit, and discretion
Weakness: High costs of procedures and products limit accessibility. Risk of post-surgery complications.
Opportunity: Expanding healthcare infrastructure and reimbursement programs in developing regions. Growing research on less invasive alternatives.
Threats: Social stigma associated with ostomies inhibits patient acceptance. Threat from substitute procedures such as colon cancer surgeries.
Geographical Regions:
North America accounts for the largest share in the global ileostomy market, both in terms of value and volume. This is attributed to factors such as high healthcare spending per capita, advanced healthcare infrastructure, growing geriatric population susceptible to gastrointestinal disorders, and presence of major players in the region.
Asia Pacific is expected to register the fastest growth during the forecast period owing to increasing medical tourism, improving access and affordability of healthcare services, rising awareness about ostomy care, and growing prevalence of diseases like Crohn’s disease and inflammatory bowel disease in nations such as China, India, and Japan.
About Author - Alice Mutum
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights. LinkedIn
