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Oct 6, 2020 2:50 PM ET

Global Ileostomy Market Set for Rapid Growth, to reach Value around USD 2,095.8 Million by 2025

iCrowd Newswire - Oct 6, 2020

Zion Market Research has published a new report titled “Ileostomy Market by Type (Polydioxanone, Elastomer, Polyethylene Terephthalate, and Others), by Application (Aortic Disease, Peripheral Artery Disease, and Hemodialysis), and by End User (Hospitals, Cardiac Catheterization Laboratories, Ambulatory Surgical Centers, Specialty Clinics, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2019 – 2025”. According to the report, global demand for ileostomy market was valued at approximately USD 1,288.2 million in 2018, and is expected to generate revenue of around USD 2,095.8 million by end of 2025, growing at a CAGR of around 7.2% between 2019 and 2025.

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A procedure that is mainly carried out to cure problems of large intestine that cannot be easily cured with help of general medication is known as ileostomy. IBD (inflammatory bowel disease) is the common cause for an ileostomy procedure as this arises due to irregular functioning of the intestine while throwing of out the waste from the body. It is carried either as a permanent or temporary process. In the most conventional approaches, waste collection is done using external bags as patient have no control over the fecal waste flow. Kock ileostomy is other type wherein part of ilium is used to form a pouch for waste collection. This is the most preferred technique of ileostomy since it eliminates the use of external bag in the procedure thus allowing patients to have control while waste removal.

Global Ileostomy Market

Numerous technical advances in the system like reduced time, minimal usage, and standard results have supported the growth of market for ileostomy techniques. These procedures provide easy interface and more traceability approach towards the patient. Besides, risks of colorectal cancer increase with age, 90% of the cases diagnosed with this cancer are above the age of 55 years and this technique is performed to treat the early signs of colorectal cancer. Moreover, researchers are also engaged in raising the quality standards and improving the management of ileostomy which is further impeding the use of ileostomy technique thus fueling further market growth.

The market for ileostomy is segmented based procedure, equipment, disease indication, end user, and regions. On the basis of procedure the market is segmented into loop ileostomy, and end ileostomy. The segment for end ileostomy is likely to grow at high CAGR in the forecast period as these help in the prevention of post-surgical infections and also require less supportive care as compared to loop ileostomy. Besides, loop ileostomy is widely preferred in the research purposes globally. Based on equipment type the market is segmented into belts & girdles, stoma bags, adhesive sprays, stoma guards, and others. The segment for stoma bags held major share of the market as these are widely preferred and used choice for collection of waste matter in ileostomy procedures.

Based on disease indication the market is segmented into diverticulitis, ulcerative colitis, cancer, Crohn’s disease, and others. The segment for cancer held major share of the market in 2018 as colorectal cancer requires ileostomy surgeries. Moreover, in 2018 the American Cancer Society provided stats that in the U.S. nearly 146,000 cases of colorectal cancer were diagnosed. By end user the market is segmented into ambulatory surgical centers, hospitals, clinics, and other end users. The segment for hospitals held major share of the market in 2018 as various surgical procedures are carried out in the hospitals.

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa with its further bifurcation into major countries. Europe and North America held major share of the market in 2018 due to growing number of cancer cases in these regions and its well-established healthcare infrastructure.

Some of the players in the market for ileostomy include Hollister Incorporated, Coloplast, Smith & Nephew, Marlen Manufacturing, 3M Healthcare, Pelican Healthcare, ConvaTec, Inc., Flexicare Medical Ltd., B. Braun Melsungen AG, and Salts Healthcare.

This report segments the global ileostomy market as follows:

Global Ileostomy Market: Procedure Segment Analysis

Global Ileostomy Market: Equipment Segment Analysis

Global Ileostomy Market: Disease Indication Segment Analysis

Global Ileostomy Market: End User Segment Analysis

Global Ileostomy Market: Regional Segment Analysis

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Keywords:    Ileostomy Market

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