The Stoma Care market size is expected to grow at a CAGR of 7%, to

Wilmington, Delaware, United States, Nov. 24, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The global stoma care market is projected to flourish at a CAGR of 7% from 2023 to 2033. According to the report published by TMR, a valuation of USD 1 billion is expected for the market in 2033. From 2023, the demand for stoma care is expected to close at USD 516.9 million.

The increasing prevalence of colon cancer, inflammatory bowel diseases (such as Crohn’s disease and ulcerative colitis) and other conditions that require stoma surgeries are major contributors to the demand for stoma care products.

Continuous advancements in stoma care products, such as innovative stoma bags, adhesives and accessories, improve patient comfort, convenience and overall quality of life. These technological advancements drive market growth by offering more efficient and user-friendly solutions.

As the world’s population ages, there is a greater incidence of conditions such as colon cancer and diverticulitis that may require stoma surgeries. The aging demographic often requires ongoing stoma care products and services, helping to expand the market.

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Increased awareness campaigns and educational initiatives by healthcare organizations, patient advocacy groups, and healthcare professionals are helping to improve understanding, acceptance, and adherence to stoma care, thus leading to market growth.

Improvements in healthcare infrastructure, reimbursement policies, and insurance coverage for stoma care products and procedures play a critical role in driving market growth, making these products more accessible and affordable for patients.

Key facts from market research

  • By 2022, the stoma care market was valued at USD 486.6 million.
  • In terms of end-user, the hospital and specialty clinic segment held a prominent share in the global stoma care market in 2022.

Stoma Care Market: Key trends and opportunity frontiers

  • A focus on developing patient-centered solutions, taking into account individual needs, comfort and lifestyle, is expanding the ostomy care market. Products that offer discretion, flexibility and improved quality of life are highly sought after.
  • Economic growth in emerging economies is leading to increased healthcare expenditure, better access to healthcare facilities, and improved awareness about oral care, boosting market growth in these regions.
  • Ostomy care companies are constantly innovating their products, engaging in strategic partnerships, acquisitions, and expansions to tap into emerging markets, thereby stimulating market growth.

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Stoma Care Market – Regional Analysis

  • North America holds a significant share of the ostomy care market due to its well-established healthcare infrastructure, high adoption of advanced technologies, and increasing prevalence of colon cancer and inflammatory bowel diseases. The presence of major market players also contributes to the dominance of the region.
  • Europe has a significant market share, owing to growing awareness, favorable reimbursement policies, and a growing aging population. Countries such as the United Kingdom, Germany, and France are vital contributors to the stoma care market in this region. Strong focus on advanced technology for product improvements is driving the market demand in the region.

Stoma Care Market – Competitive Landscape

The leading players operating in this space focus on developing products with advanced technology that suit a wide variety of populations. They are particularly active in raising capital to expand their customer base into new territories. Most of the companies invest significantly in integrated research and development activities. Expansion of product portfolios and mergers and acquisitions are the key strategies adopted by prominent players.

  • Coloplast
  • B. Braun
  • Hollister Incorporated
  • ConvaTec Inc
  • Health Salts
  • Alcare Co. Ltd.
  • Cymed Micro Skin
  • Nu-Hope Laboratories, Inc.
  • Flexicare Ltd.
  • Welland Medical Ltd.
  • 3M
  • Smith and Nephew
  • Marlen Manufacturing & Development Company
  • Torbot Group Inc.

Key Developments in the Stoma Care Market

  • Coloplast has been a pioneer in introducing innovative stoma care solutions. Coloplast’s SenSura Mio and Brava products have advanced material technology to enhance comfort, flexibility and discretion for ostomy patients.
  • Convatec, known for its Esteem™ and Natura® product lines, Convatec focuses on developing products that offer skin-friendly adhesives, advanced ostomy cases and accessories to improve the quality of life of people with an ostomy.
  • Hollister Incorporated’s portfolio includes the Premier™ and Adapt™ lines, which feature advancements in barrier technologies, leak prevention features and accessories designed to provide comfort and ease of use for ostomy patients.

Market Segments Covered in Stoma Care Market Analysis

By product type

  • Closed bags
  • Open/drainable bags
  • Full body bags
  • Two piece bags
  • Other types of products

By Request

  • Colostomy
  • Ileostomy
  • Urostomy

With End Use

  • Home care arrangements
  • Hospitals
  • Other end uses

By Region

  • North America
  • Latin America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

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