Rise in major chronic diseases such as cancer and Crohn’s disease, increase in customer awareness, and technological advancements are the key driving factors.

WILMINGTON, DELAWARE, UNITED STATES, September 26, 2023 /EINPresswire.com/ -- According to Transparency Market Research latest research, the global “𝐈𝐥𝐞𝐨𝐬𝐭𝐨𝐦𝐲 𝐦𝐚𝐫𝐤𝐞𝐭” looks promising in the next upcoming years. The global Ileostomy market was worth US$ 1.3 Bn and is projected to reach a value of US$ 2.2 Bn by the end of 2027.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=23285

𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐥𝐞𝐨𝐬𝐭𝐨𝐦𝐲 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

Rise in the prevalence of major chronic diseases such as cancer and Crohn’s disease, increase in customer awareness, and technological advancements such as sensor devices for stoma bags that send notifications to patients and physicians about stoma bag volume are anticipated to drive the global ileostomy market.

New products, services, and device development, investment in developing economies by multinational companies, increase in number of cancer patients, technological advancements in ileostomy drainage bags that positively affecting the comfort and affordability factors of patients are expected to drive the market during the forecast period.

Recent developments such as the availability of ostomy bag covers help patients hide their ostomy bags under their clothing and be comfortable.
The global ileostomy market was valued at ~US$ 1.3 Bn in 2018, and is expected to reach ~US$ 2.2 Bn by 2027, expanding at a CAGR of ~7% from 2019 to 2027.

𝐁𝐮𝐝𝐠𝐞𝐭 𝐜𝐨𝐧𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬? 𝐆𝐞𝐭 𝐢𝐧 𝐭𝐨𝐮𝐜𝐡 𝐰𝐢𝐭𝐡 𝐮𝐬 𝐟𝐨𝐫 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐩𝐫𝐢𝐜𝐢𝐧𝐠 ...... 𝐆𝐞𝐭 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐩𝐫𝐢𝐜𝐢𝐧𝐠 𝐨𝐩𝐭𝐢𝐨𝐧𝐬 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭

This Report Addresses

• Market size from 2019-2027
• Expected market growth until 2027
• Forecast of how market drivers, restrains, and future opportunities will affect the market dynamics
• Segments and regions that will drive or lead market growth and why
• Comprehensive of the competitive landscape
• In-depth analysis of key sustainability strategies adopted by market players

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐄𝐱𝐭𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝐁𝐨𝐨𝐤 𝐰𝐢𝐭𝐡 % 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭) - https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=23285

𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐥𝐞𝐨𝐬𝐭𝐨𝐦𝐲 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐓𝐫𝐞𝐧𝐝𝐬

• Rise in inflammatory bowel disease and introduction of innovative delivery technologies boost the growth of the global ileostomy market.
• The end ileostomy segment holds a major market share, as it has been the most widely/frequently used procedure, and is considered to be the prominent choice of patients due to less complications, less wound infection rate, and lower cost involved.
• Additionally, the end ileostomy segment is anticipated to expand at a high CAGR during the forecast period. Growth of the segment is attributed to the fact that, it prevents post-surgical infections and requires less supportive care as compared to loop ileostomy. Moreover, loop ileostomy is widely preferred for research purposes across the world.
• The stoma bags segment accounted for the largest share of the global ileostomy market in 2018. The high market share of the segment is because these have been categorized as class I medical devices by the FDA, and are considered to be low-risk devices (exempted from 510k). Hence, they are easy to commercialize due to less stringent regulations.
• The stoma bags segment is anticipated to expand at a high CAGR during the forecast period, as this is the ultimate and widely accepted choice for the collection of waste matter for ileostomy procedures.
Global Ileostomy Market: Regional Analysis
• Europe is projected to dominate the global ileostomy market from 2019 to 2027. This can be ascribed to the rapid rise in cancer cases and presence of well-established healthcare infrastructure.
• Rise of various cancer cases such as colorectal cancer and bladder cancer drive the ileostomy market in Europe. According to the World Health Organization, in 2018, more than 499,667 new cases of colorectal cancer were reported in Europe.
• Moreover, developing countries in Asia Pacific such as India and China are expected to outperform their counterparts in the West, owing to the low cost of raw materials, low manufacturing costs, and cheap labor. These factors are likely to make Asia the most attractive market in the near future.
• Additionally, rise in disposable income fuels the growth of the market, as more people are willing to opt for expensive surgery/treatment that was not affordable before.

𝐇𝐚𝐯𝐞 𝐀𝐧𝐲 𝐐𝐮𝐞𝐫𝐲? 𝐀𝐬𝐤 𝐎𝐮𝐫 𝐄𝐱𝐩𝐞𝐫𝐭𝐬: https://www.transparencymarketresearch.com/sample/sample.php?flag=ASK&rep_id=23285

𝐈𝐥𝐞𝐨𝐬𝐭𝐨𝐦𝐲 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

Smith & Nephew, Convatec Inc., 3M Healthcare, B. Braun Melsungen AG, Coloplast, Hollister Incorporated, Salts Healthcare, Flexicare Medical Ltd., Marlen Manufacturing, Pelican Healthcare

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

Procedure

• End Ileostomy
• Loop Ileostomy

Equipment

• Stoma Bags
• Belts & Girdles
• Adhesive Sprays
• Stoma Guards

Disease Indication

• Cancer
• Diverticulitis
• Ulcerative Colitis
• Crohn’s Diseases
• Others

End User

• Hospitals
• Ambulatory Surgical Centers
• Research Centers

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡-

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Nikhil Sawlani
Transparency Market Research Inc.
+ +1 518-618-1030
sales@transparencymarketresearch.com
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