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    Ileostomy Market Report

    Ileostomy Market Report
    Report code - SR1795 Delivery - 2 Weeks
    Ileostomy Market Size, Share & Forecast Analysis (2021-2026)
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    Market Insights

    The Ileostomy Market is estimated to grow from USD 1.6 billion in 2020 to USD 2.4 billion by 2026 at a healthy CAGR of 7.3% during the forecast period.

    Ileostomy Market- Research Scope

    Base Year of Study

    2020

    Trend Period

    2015-2019

    Forecast Period

    2021-2026

    Market Size in 2020

    US$ 1.6 billion

    Market Size in 2026

    US$ 2.4 billion

    Market Growth (2021-2026)

    7.3% CAGR

     

    Figure: Ileostomy Market Size, 2020-2026 (USD Billion)

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    What is Ileostomy?

    Ileostomy is referred to as a surgical procedure, where an opening is created using surgical devices in the ileum, lowest part of the small intestine, and then aligned so that it gets attached with the abdominal wall. The intestinal part is primarily brought through to the abdominal wall for the formation of stoma. The customization is done for permanent or temporary basis and may help in removal of all or a specific part of the colon.

    Covid-19 Impact Analysis

    The COVID-19 pandemic has negatively influenced the Ileostomy industry. The healthcare industry is currently facing major challenges as it is unable to provide proper medical facilities to meet the ever-growing coronavirus patient pool.

    Key Players

    Key players operating in the global Ileostomy Market are-

    • ConvaTec Inc. (UK)
    • B. Braun Melsungen AG (Germany)
    • Coloplast (Denmark)
    • Hollister Incorporated (US)
    • Salts Healthcare (UK)
    • Flexicare Medical Ltd. (UK)
    • Marlen Manufacturing (US)
    • Smith & Nephew (UK)
    • 3M Healthcare (US)

    Market Dynamics

    The Ileostomy market is majorly driven by growing awareness & concern regarding ostomy care brought up by the several non-profit organizations and private players. The product manufacturers are investing heavily over the R&D to innovate function-rich pouching systems and related accessories for the ileostomy surgeries, thus offering significant growth potential. Moreover, developments in the post-ileostomy procedure includes the usage of disposable type of ostomy bags, thus helps with cost benefits offered by the disposable bag, further augmenting the market growth during the review period.

    Segments Analysis

    Disease Trends

    Based on disease, the ileostomy market has been classified into cancer, crohn's disease, ulcerative colitis, and others. The cancer segment accounted for the largest market in 2020 owing to growing prevalence of gastrointestinal cancer cases. In addition, strong investments in research and development of the ileostomy products for cancer treatments by government further bolsters the segment growth.

    Regional Trends

    By region, the North America Ileostomy market accounted the highest share in 2020 and is expected to grow at a robust CAGR during the review period. The Ileostomy market growth is mainly attributed to surge in healthcare expenditure, technologically advanced healthcare infrastructure, and well-established medical companies. Moreover, growing healthcare expenditure and rising prevalence of gastrointestinal diseases, sedentary lifestyles of individuals, thus augmenting the market growth.

    The Asia Pacific Ileostomy market is expected to grow at the healthy CAGR during the review period due to increasing healthcare expenditure in emerging countries and rising digestion and cancer cases, and increasing awareness regarding GI tract diseases in emerging countries of China and India, further bolsters the regional market growth.

    Critical Questions Answered in the Report

    This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Ileostomy market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026. Following are the critical questions answered in the report.

    • What are the key trends in the global Ileostomy market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
    • What is the impact of COVID-19 on global Ileostomy market?
    • What are the key strategies adopted by the major vendors to lead in the global Ileostomy market?
    • What is the market share of the top vendors?

    Target Audience

    The target audience of Ileostomy Market includes-

    • Ileostomy Vendors
    • Ileostomy Manufacturers
    • Ileostomy Distributors
    • Organizations
    • Government Bodies.

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The Global Ileostomy Market is estimated to grow from USD 1.6 billion in 2020 to USD 2.4 billion by 2026 at a healthy CAGR of 7.3% during the forecast period.

    Key players operating in the global Ileostomy Market are- ConvaTec Inc. (UK), B. Braun Melsungen AG (Germany), Coloplast (Denmark), Hollister Incorporated (US), Salts Healthcare (UK), Flexicare Medical Ltd. (UK), Marlen Manufacturing (US), Smith & Nephew (UK), 3M Healthcare (US).

    The Ileostomy market is majorly driven by growing awareness & concern regarding ostomy care brought up by the several non-profit organizations and private players. The product manufacturers are investing heavily over the R&D to innovate function-rich pouching systems and related accessories for the ileostomy surgeries, thus offering significant growth potential.

    North America Ileostomy market accounted the highest share in 2020 and is expected to grow at a robust CAGR during the review period.

    The target audience of Ileostomy Market includes- Ileostomy Vendors, Ileostomy Manufacturers, Ileostomy Distributors, Organizations, Government Bodies.