An ileostomy refers to the surgical procedure in which a part of the small intestine, called the ileum, is diverted through an opening in the abdomen known as a stoma. A pouch is placed over the stoma to collect intestinal waste. Ileostomies help to redirect bowel movements in patients suffering from certain conditions such as Crohn's disease, ulcerative colitis, and colon cancer. The procedure provides immediate relief from episodes of diarrhea, bleeding, and abdominal pain. The global ileostomy market is primarily driven by the rising incidence of inflammatory bowel diseases such as Crohn's disease and ulcerative colitis. According to reliable estimations, Crohn's disease affects approximately 3 million people in Europe and North America.
The Global Ileostomy Market is estimated to be valued at US$ 1.90 Bn in 2024 and is expected to exhibit a CAGR of 7.5% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Global Ileostomy market 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. Coloplast Corp dominates the market with over 30% market share due to its innovative product portfolio for ileostomy care.
The key opportunities in the global ileostomy market include growing Global Ileostomy Market Demand for one-piece bags and skin-friendly accessories, increasing number of clinics specializing in ostomy care, and rising adoption of digital ostomy monitoring devices.
The market is expanding rapidly in developing regions such as Asia Pacific and Latin America owing to improving reimbursement policies and widespread awareness campaigns regarding ostomy care. Rising medical tourism for corrective surgeries in low-cost destinations is amplifying the regional growth of the ileostomy market.
Market Drivers
Rising geriatric population susceptible to chronic diseases: The risk of developing Crohn's disease and ulcerative colitis increases with age. As the elderly demographic grows across countries, the number of ileostomy procedures is expected to rise proportionately over the next decade.
Growing adherence to minimally invasive surgeries: Laparoscopic ileostomy surgeries are gaining favor over traditional open surgeries due to small incisions, less pain, fewer complications, and quicker recovery time. This would augment the demand for one-piece ostomy bags during the forecast period.
Market Restraints
High cost of ostomy supplies: Ileostomy bags and accessories involve periodic repurchases and impose a substantial economic burden, especially on low and middle-income individuals and families. This impedes the overall growth of the global market.
Segment Analysis
The Global Ileostomy Market Regional Analysis is dominated by one-piece bags sub segment. One piece bags are preferred more as they are simpler to use, require less items to manage, are low-maintenance and leakage-proof. They provide sturdy adhesion and are hassle free for beginners. They account for over 60% of market share. The two-piece bags sub segment is the next dominating segment. Though slightly complex than one-piece bags, they provide discretion and bag changes can be done without removing the flange. This provides comfort to long term ostomates.
Regional Analysis
North America region dominates the global ileostomy market and accounts for over 35% of market share. This is attributed to high awareness levels, supportive reimbursement structure and presence of major players in the region. Asia Pacific region is poised to be the fastest growing market during forecast period owing rising incidence rates of IBD and colorectal cancer, growing medical tourism and increasing focus of global players in India and China. Improving healthcare infrastructure and reimbursement scenario further supports market growth in Asia Pacific region.
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