PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1361118
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1361118
Stoma care market size is predicted to record 4.8% CAGR from 2023 to 2032. The increasing prevalence of gastrointestinal diseases, such as colorectal cancer and inflammatory bowel diseases, has led to a surge in ostomy surgeries, thereby driving the stoma care market. According to the February 2023 report by United European Gastroenterology (UEG), more than 332 million people were suffering from digestive disorders in Europe.
Additionally, the global aging population is contributing to market growth, as the elderly people are more prone to conditions necessitating stoma care. Advancements in stoma care products, coupled with rising awareness about the availability of these solutions is adding to the demand. The emergence of telemedicine and home healthcare services is making stoma care accessible to a wider patient base, further propelling market growth.
The overall stoma care market is divided on the basis of product type, surgery type, end-use, and region.
The accessories product type segment is expected to witness 5.4% CAGR during 2023-2032 primarily due to the growing need for innovative and convenient solutions. Many patients are increasingly seeking accessories that enhance comfort, security, and discretion. With the aim of improving the quality of life for individuals with stomas, accessory manufacturers are focusing on product development and customization to meet the patient's evolving demands.
The hospitals and specialty clinics segment is predicted to observe 4.9% CAGR from 2023 to 2032 as the ability of healthcare professionals in these settings to provide comprehensive care, support, and education to patients undergoing ostomy surgeries is paramount. Hospitals offer patients the required medical expertise for initial stoma care management, while specialty clinics often provide ongoing guidance and support. With increasing collaboration between stoma care product manufacturers and healthcare institutions, the quality of care and the variety of product offerings in these settings remain advanced, adding to industry share.
Asia Pacific stoma care market size is anticipated to record 6.3% CAGR from 2023 to 2032 owing to the increasing prevalence of colorectal cancer and the growing awareness of stoma care solutions. There are improvements in healthcare infrastructure, along with a rising geriatric population in the region. Local manufacturers are creating a stronger presence in the market by offering cost-effective solutions tailored to the specific needs of the Asian population. All these factors are fueling growth in the stoma care market in Asia Pacific over the forecast period.