PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1388794
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1388794
Ostomy care and accessories are used to collect waste that is released from the body, such as stool or urine, post-surgery, depending on the type of surgery the patient undergoes. Ostomy Care and Accessories enhance the performance and wear time of ostomy pouches. They mostly assist in preventing odor and avoiding leakage from the bags. The typically used Ostomy Care and Accessories are adhesives, irrigation sets, belts, convex inserts, tapes, stoma caps, and skin protection & skin barriers. Additionally, these accessories offer patient security during regular wear or activities.
The ostomy care and accessories market demand is expected to be driven by the rising incidence of colorectal cancer. The colorectal cancer risk increases with age as it is generally diagnosed in elderly people. Additionally, the number of ostomy procedures is higher among the geriatric population over adults, with a higher mortality rate and longer hospital stays, which is expected to boost the sale of ostomy bags and accessories. Thus, with the constant rise in the elderly population, short- and long-term healthcare requirements are also increasing, which is the trending factor, increasing the demand for ostomy care products and accessories during the forecast. However, unfavorable reimbursement scenarios and increasing cases of post-surgery infections are predicted to hinder market growth. Furthermore, technological advancements are the prime factor expected to propel the ostomy care and accessories market. The development of efficient and suitable pouching systems and associated accessories that assist in enhancing the quality of life of ostomy patients is expected to boost the market.
The global ostomy care and accessories market is segmented on the basis of product, application, end-use, and region.
The market is divided into two categories based on product: accessories and bags. The accessories segment is likely to maintain its dominance over the forecast period. The segment includes stoma caps, pouch covers, seals/barrier rings, and pouch closures. They assist to prevent skin rashes, leakage, and odor. Additionally, an increasing number of ostomates and rising number of stoma surgeries are the major factors attributing to accessories segment growth.
The market is divided into two categories based on end-use: hospitals, home care settings, and others. The home care settings segment is accounted to grow significantly during the forecast period. The increase in demand for medical services at home is due to the sector demand. Home care services offer optimal patient care and continuous ostomy treatment by qualified nurses. Thus, it significantly reduces the risk of ostomy-related issues thereby minimizing emergency visits to hospitals. Rising preference for home care and easy availability of skilled nurses in developed and emerging economies are expected to fuel the segment growth.
Europe is accounted to dominate the largest revenue share. This is anticipated to increase by factors including rising awareness initiatives related to ostomy care or stoma surgical procedures, and an increase in the number of stoma patients due to ulcerative colitis or Crohn's disease. Furthermore, the Asia Pacific market is likely to witness the fastest growth rate. In this region, rising awareness among consumers is projected to fuel demand for ostomy care products and accessories. Additionally, rising geriatric populations as well as an increasing number of people living with bladder problems are driving the demand for ostomy care products and accessories in Asia Pacific.
The healthcare business in developing countries is expected to raise significantly as a result of several factors, such as a rise in chronic disease, population expansion, increased investment in both the private and public sectors, and a surge in the number of surgeries performed. The market players for ostomy care and accessories are adding more features to their existing products as well as launching new product lines to gain a larger share of the market. Various market players are constantly incorporating technologies that can meet the specific requirements of patients. Additionally, numerous companies are expanding their regional location to cater to the untapped market of ostomy care and accessories. This allows businesses to enhance their capabilities, improve their competencies, and expand their product portfolios. For instance, in February 2022, In Singapore, Coloplast introduced its newest novel product, the SenSura Mio. Singapore is the first nation in Southeast Asia to introduce SenSura Mio, a device designed to enhance the standard of life of ostomates, or those who have had an ostomy and are currently living with a stoma.
For instance, in February 2022, Vitus Ostomy Care is a new treatment line created by HR Pharmaceuticals. The whole ostomy accessory range is designed to safeguard the stoma as well as skin while maintaining a tight seal. With the continuous decrease in reimbursement for ostomy goods, Vitus Ostomy Care seeks to provide high-quality ostomy care items at a reasonable price.
The scope of this report covers the market by its major segments, which include as follows: