Market Size of Ileostomy Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 7.30 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Ileostomy Market Analysis
The Ileostomy market studied was projected to grow with a CAGR of nearly 7.3% over the forecast period. The major factor attributing to the growth of the market is the increase in the incidence of intestinal diseases like intestinal cancer, diverticulitis, Crohn’s Disease, ulcerative colitis, and inflammatory bowel disease. According to the American Association for the Advancement of Science (AAAS), the number of people suffering from inflammatory bowel diseases is three times higher than previous estimates, with sufferers also at a higher risk of developing colorectal cancer, affecting over 3 million people across Europe. Furthermore, the growing popularity of drainable ostomy bags and increasing investments in product development is boosting the market growth. However, the gaining popularity of alternative procedures is the major drawback of market growth.
Ileostomy Industry Segmentation
As per the scope of the report, ileostomy is a stoma built by bringing the end or loop of small intestine out onto the surface of the skin, or the surgical procedure which creates this opening. Intestinal waste passes out of the ileostomy and is collected in an artificial external pouching system which is adhered to the skin This report is segmented by Procedure Type, by Equipment Type, by Disease Type, and by Geography.
| By Procedure Type | |
| End Ileostomy | |
| Loop Ileostomy |
| By Equipment Type | |
| Stoma Bags | |
| Belts & Girdles | |
| Others |
| By Disease Type | |
| Cancer | |
| Crohn's Disease | |
| Ulcerative Colitis | |
| Others |
| Geography | ||||||||
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Ileostomy Market Size Summary
The Ileostomy market is experiencing significant growth, driven by the increasing incidence of intestinal diseases such as intestinal cancer, diverticulitis, Crohn's Disease, ulcerative colitis, and inflammatory bowel disease. The rising prevalence of these conditions has led to a higher demand for ileostomy procedures and products, including drainable ostomy bags. Additionally, investments in product development are further propelling market expansion. However, the market faces challenges due to the growing popularity of alternative medical procedures, which could potentially hinder its growth trajectory. The segment's major share is largely attributed to the increasing cases of gastrointestinal cancers, which necessitate surgical interventions, thereby boosting market demand.
North America is anticipated to maintain its dominance in the ileostomy market throughout the forecast period, supported by the presence of key industry players, a high prevalence of relevant health conditions, and a well-established healthcare infrastructure. The United States, in particular, holds a significant market share due to favorable healthcare policies and a large patient population. The market is moderately competitive, with several major companies such as ConvaTec Inc., B. Braun Melsungen AG, Coloplast, and Hollister Incorporated leading the industry. Government initiatives and research partnerships are also contributing to the market's growth, enhancing the development and availability of ileostomy products.
Ileostomy Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Incidence of Intestinal Diseases
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1.2.2 Growing Popularity Drainable Ostomy Bags
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1.2.3 Increasing Investments in Research and Development Activities
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1.3 Market Restraints
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1.3.1 Popularity of Alternative Procedures
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Procedure Type
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2.1.1 End Ileostomy
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2.1.2 Loop Ileostomy
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2.2 By Equipment Type
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2.2.1 Stoma Bags
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2.2.2 Belts & Girdles
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2.2.3 Others
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2.3 By Disease Type
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2.3.1 Cancer
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2.3.2 Crohn's Disease
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2.3.3 Ulcerative Colitis
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2.3.4 Others
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 South Korea
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2.4.3.6 Rest of Asia-Pacific
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2.4.4 Middle-East and Africa
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2.4.4.1 GCC
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2.4.4.2 South Africa
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2.4.4.3 Rest of Middle-East and Africa
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2.4.5 South America
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2.4.5.1 Brazil
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2.4.5.2 Argentina
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2.4.5.3 Rest of South America
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Ileostomy Market Size FAQs
What is the current Ileostomy Market size?
The Ileostomy Market is projected to register a CAGR of 7.30% during the forecast period (2024-2029)
Who are the key players in Ileostomy Market?
ConvaTec Inc., B. Braun Melsungen AG, Coloplast, Hollister Incorporated and Salts Healthcare are the major companies operating in the Ileostomy Market.
