Surge in Gastrointestinal Disease Prevalence Drives Growth in the Global Ileostomy Market
The global ileostomy market is primarily driven by the increasing prevalence of various gastrointestinal diseases such as ulcerative colitis, Crohn’s disease, and colorectal cancer. Ileostomy is a surgical procedure performed to create an opening called stoma in the small intestine to facilitate fecal discharge in case of severe damage to large intestine or rectum. Ileostomy pouches or bags are used by patients undergoing this procedure to collect stool and waste from the stoma. They provide convenience to patients and improve quality of life.
Global ileostomy market is estimated to be valued at USD 1.90 Bn in 2024 and is expected to reach USD 3.15 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.5% from 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, Torbot Group Inc., and 3M. These leading players are focusing on new product launches and strategic collaborations to strengthen their market position.
The market provides lucrative growth opportunities owing to rising demand for skin-friendly and odor-proof ileostomy accessories. Manufacturers are implementing innovative technologies to develop modern ileostomy pouches and accessories with high absorbency and discretion.
The Global Ileostomy Market Size expansion of key players through partnerships and distribution networks across Asia Pacific, Europe, North America, Latin America, and Middle East & Africa will further support the growth of the ileostomy market over the forecast period.
Market drivers
The primary driver driving the global ileostomy market is the increasing prevalence of inflammatory bowel diseases and colorectal cancer cases worldwide. According to industry estimates, over 3 million people in the U.S. alone suffer from ulcerative colitis or Crohn’s disease. Further, changing lifestyles and dietary patterns have led to rising risk of gastrointestinal infections and diseases, thereby increasing the demand for ileostomy procedures and products.
PEST Analysis
Political: The government policies and regulations regarding healthcare infrastructure and reimbursement scenario will impact the ileostomy market. Favorable regulations can boost market growth while stringent regulations can hamper it.
Economic: Factors such as GDP, per capita income, and healthcare expenditure determine the economic growth of a region and purchasing power of customers. Higher healthcare spending encourages ileostomy products adoption.
Social: Rising consciousness about ostomy procedures and social acceptance of ileostomy bags positively influence the market. Support groups help address stigma and psychological issues.
Technological: Advancements in adhesive material, bag design, and two-piece systems enhance comfort and discretion. Digital platforms help professionals guide patients remotely. Development of less visible devices encourages ileostomy procedures.
Geographical Regions with Highest Market Value
North America holds the highest value share owing to advanced healthcare infrastructure, awareness, and presence of major players. Favorable reimbursement scenarios increase product affordability. Europe is another lucrative region due to rising geriatric population and favorable government support programs.
Fastest Growing Geographical Region
Asia Pacific shows most promising growth prospects during the forecast period driven by improving healthcare facilities, rising medical tourism, increasing patient awareness through social media, and expansion strategies of global key players to tap emerging economies.
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