Ostomy Care Accessories Market is Estimated to Witness High Growth Owing to Technological Advancements in Ostomy Bags
The ostomy care accessories market includes products that aid in collecting and containing waste matter from ostomy surgeries. Ostomy care accessories such as ostomy bags, belts and tapes are used by patients who have undergone colostomy, ileostomy, or urostomy. Ostomy bags help collect waste and prevent leakage, while belts are used to secure the bag to the stoma. Advancements in bag technology have improved comfort, discretion and convenience for users. Ostomy bags are now made of thin, flexible silicone or hydrocolloid materials that mold closely to the body. Some bags come with filters that neutralize odor. Belts feature extenders for a customized fit.
The Global ostomy care accessories market is estimated to be valued at US$ 4.26 Bn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Ostomy Care Accessories are PPG Industries (US), Sherwin-Williams Company (US), Kukdo Chemical Co., Ltd. (South Korea), Nukote Coatings Systems (US), and VIP GmbH (Germany).
The Ostomy Care Accessories Market Size provides various opportunities such as a rising number of ostomy procedures performed worldwide and growing demand for one-piece ostomy bags, skin barriers and convex inserts. Technological advancements include hydrocolloid materials that create a barrier between skin and bag adhesive and convex designs that allow for a better fit around contours of the body.
Market drivers
The primary driver boosting growth of the ostomy care accessories market is the increasing incidence of gastrointestinal diseases and colorectal cancer. It is estimated that over 1 million surgeries are performed annually worldwide for conditions requiring ostomy procedures. As more patients live with ostomies in the long run, demand is expected to rise consistently for supporting products that make bag use and management discreet and comfortable. Other factors such as aging populations prone to medical issues, and improving healthcare infrastructure and reimbursement in developing nations will also contribute to market expansion over the forecast period.
Current challenges in ostomy care accessories market:
The ostomy care accessories market is facing some key challenges. One major challenge is lack of awareness about ostomy care and accessories among people who have underwent ostomy surgery. This leads to improper usage of accessories and health complications. Secondly, social stigma associated with ostomy prevents people from openly discussing their condition and requirements. This restricts market growth. Cost of ostomy care products and accessories is another challenge as they are not covered under insurance in many countries. This makes ostomy management financially challenging for many.
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