Publish date:

Global $785 Million Stoma Care Markets To 2028 - Increase In Initiatives To Raise Ostomy Awareness

DUBLIN, Sept. 8, 2021 /PRNewswire/ -- The "Global Stoma Care Market Report 2021" report has been added to ResearchAndMarkets.

DUBLIN, Sept. 8, 2021 /PRNewswire/ -- The "Global Stoma Care Market Report 2021" report has been added to ResearchAndMarkets.com's offering.

The global stoma care market size is expected to reach USD 785.6 million by 2028. The market is expected to expand at a CAGR of 6.6% from 2021 to 2028.

Increasing cases of colorectal cancer, inflammatory bowel disease (IBD), increasing adoption of advanced technologies, and rising awareness regarding stoma care products are the key driving factors for the market.Colorectal cancer is the most common cause of stomas, accounting for about 45.6% of all cases. More than 45.0% of colostomies are performed in ostomy patients aged 60 above, thereby surging the demand for healthcare products. In addition, colorectal cancer is the third most common form of cancer in both men and women.

For instance, according to the report published by the World Health Organization (WHO) in 2020, 935,000 deaths were reported out of 1.93 million cases due to colorectal cancer. Although it is more prevalent in adults aged 50 and older, however, the incidence rate has increased by 2.2% annually in individuals younger than 50 years.For instance, according to the American Cancer Society, about 1.4 lakh individuals were diagnosed with colorectal cancer in 2020 of which 12.00% were individuals younger than 50. Furthermore, according to the National Center for Biotechnology Information (NCBI), colorectal cancer is the deadliest among males in UAE and deadliest among females in Japan.

Therefore, such instances indicate a considerable increase in demand for healthcare products, as it is one of the essential requirements for treating such cases, thereby propelling market growth over the forecast period. Stoma Care Market Report Highlights

  • In terms of revenue, the others segment held the largest revenue share in 2020. The rising number of ostomies across the globe is the major factor propelling the segment growth
  • The colostomy segment held the largest revenue share in 2020 and is expected to witness a considerable growth rate over the forecast period due to the increasing prevalence of colon cancer
  • The home care settings segment held the largest revenue share in 2020. The segment growth is majorly driven by the outbreak of COVID-19 across the globe and the patients opting for homecare services
  • In Asia Pacific, the market is anticipated to witness the fastest growth rate over the forecast period due to the adoption of advanced technologies required for stoma care, high population base, and rising awareness about ostomy care

Key Topics Covered: Chapter 1 Research Methodology Chapter 2 Objectives Chapter 3 Executive Summary3.1 Market Outlook3.2 Segment Outlook3.3 Competitive Insights3.4 Market Snapshot Chapter 4 Stoma Care Market Variables, Trends & Scope4.1 Market Lineage Outlook4.1.1 Parent market outlook4.1.2 Ancillary Market4.2 Penetration & Growth Prospect Mapping4.3 Product Pipeline Analysis4.4 Market Dynamics4.4.1 Market driver analysis4.4.1.1 Increase in initiatives to raise ostomy awareness4.4.1.2 Technological advancements4.4.1.3 Rise in geriatric population and increase in the risk of colorectal cancer4.4.2 Market restraint analysis4.4.2.1 Risk of skin irritation and infections4.4.3 Market challenge analysis4.4.3.1 Increase in threat of substitutes4.5 Stoma care Market Analysis Tools4.5.1 SWOT Analysis, by PEST4.5.2 Porter's five forces analysis4.6 COVID-19 Market Impact4.6.1 Supply chain4.6.2 Changing market trends4.7 Market Entry Strategies4.7.1 Tapping unmet needs Chapter 5 Stoma Care Market: Segment Analysis, By Application, 2016 - 2028 (USD Million)5.1 Definitions & Scope5.2 Application Market Share Analysis, 2020 & 20285.3 Stoma Care Market, by Application, 2016 to 20285.4 Market Size Forecasts and Trend Analysis5.4.1 Colostomy5.4.2 Ileostomy5.4.3 Urostomy Chapter 6 Stoma Care Market: Segment Analysis, By End Use, 2016 - 2028 (USD Million)6.1 Definitions & Scope6.2 End-use Market Share Analysis, 2020 & 20286.3 Stoma Care Market, by End Use, 2016 to 20286.4 Market Size Forecasts and Trend Analysis6.4.1 Home Care Settings6.4.2 Hospitals Chapter 7 Stoma Care Market: Segment Analysis, By Product, 2016 - 2028 (USD Million)7.1 Definitions & Scope7.2 Product Market Share Analysis, 2020 & 20287.3 Stoma Care Market, by End Use, 2016 to 20287.4 Market Size Forecasts and Trend Analysis7.4.1 Closed Bags7.4.2 Open/ drainable Bags7.4.3 One-piece Bags7.4.4 Two-piece Bags Chapter 8 Stoma Care Market: Regional Market Analysis, By Product, Application, and End Use, 2016 - 2028 (USD Million)8.1 Definitions & Scope8.2 Regional Market Share Analysis, 2020 & 20288.3 Regional Market Snapshot8.4 Market Size Forecasts & Trend Analysis Chapter 9 Stoma Care Market: Competitive Analysis

  • Coloplast
  • B. Braun Melsungen AG
  • Hollister Incorporated
  • ConvaTec Inc.
  • Salts Healthcare
  • Welland Medical Limited

For more information about this report visit https://www.researchandmarkets.com/r/8wcsvb

Media Contact:

Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com    For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1904 Fax (outside U.S.): +353-1-481-1716

View original content: https://www.prnewswire.com/news-releases/global-785-million-stoma-care-markets-to-2028---increase-in-initiatives-to-raise-ostomy-awareness-301371537.html

SOURCE Research and Markets