by The ostomy care accessories market caters to patients suffering from various chronic gastrointestinal disorders that require surgical procedures like colostomy, ileostomy, and urostomy. Accessories like bags, belts, tapes, skin barriers, and irrigations sets help manage waste collection and improve ostomates’ quality of life. Demand for one-piece and two-piece pouches, drainable and closed end bags is increasing due to their effectiveness, discretion, and comfort.
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 2030.
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 growing prevalence of inflammatory bowel disease, colorectal cancer, and other chronic conditions are major factors augmenting demand for ostomy care accessories. According to the United Ostomy Associations of America, over 700,000 people undergo ostomy surgery annually in the United States alone.
Geographically, North America dominates the global market due to rising healthcare expenditures. However, Asia Pacific is expected to witness the highest growth owing to growing healthcare infrastructure and increasing medical tourism in countries like India, China, and South Korea. Key manufacturers are also expanding in emerging economies to tap the market potential.
Market Key Trends
One of the key trends gaining traction in the ostomy care accessories market is 3D-printed bags and accessories. 3D printing enables customization of accessories as per stoma size, shape, and location for improved fit and comfort. This reduces leakage issues and skin irritation. Pioneers like Ostomy Secrets and Anthropic are leveraging AI and 3D scanning to produce customized ostomy products. 3D printing can disrupt the ostomy care accessories industry by addressing current design and fitting limitations with off-the-shelf products. It is poised to transform ostomy care and management.
Porter’s Analysis
Threat of new entrants:The ostomy care accessories market has moderate to high barriers for new players to enter due to the high regulations by healthcare authorities and stringent quality certifications required.
Bargaining power of buyers: Buyers in the ostomy care accessories market have moderate bargaining power due to the need of the accessories for ostomates’ healthcare. However, the availability of various substituting accessories balancing their bargaining power.
Bargaining power of suppliers: The suppliers have moderate bargaining power due to the intellectual property of manufacturing process and raw materials. However, the availability of substitutes balances their bargaining power.
Threat of new substitutes: The threat is moderate to high as there are various disposable and reusable ostomy accessories available for similar functionality by different brands.
Competitive rivalry: The market is competitive with the presence of global and domestic players. The intensity is expected to increase as the market is expected to grow further.
Geographical Regions
North America held the largest share of the ostomy care accessories market in terms of value in 2024, due to the rising aged population suffering from Crohn’s disease, ulcerative colitis, and colorectal cancer.
The Asia Pacific region is estimated to register the highest CAGR during the forecast period due to increasing healthcare expenditure, rapidly growing geriatric population, and rising awareness about ostomy procedures.
North America held the largest share of the Ostomy Care Accessories Market Growth in terms of value in 2024, due to the rising aged population suffering from Crohn’s disease, ulcerative colitis, and colorectal cancer.
The Asia Pacific region is estimated to register the highest CAGR during the forecast period due to increasing healthcare expenditure, rapidly growing geriatric population, and rising awareness about ostomy procedures.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
