The Global Ileostomy Market is driven by growing geriatric population

The Global Ileostomy Market includes products such as ostomy bags, belts and adhesive removers which are commonly used by people who have undergone ileostomy surgery. Ileostomy involves creating an opening called a stoma in the abdomen to allow ileum waste to be collected in an external pouch. It is usually performed to divert the flow of waste in cases of inflammatory bowel disease, irritable bowel syndrome or colorectal cancer.

The Global Ileostomy Market is estimated to be valued at US$ 1.90 Bn in 2024 and is expected to exhibit a CAGR of 7.4% over the forecast period 2024 to 2031.

Key Takeaways
Global Ileostomy Market Companies Market are Coloplast Corp, ConvaTec Inc., Hollister Incorporated, Marlen Manufacturing & Development Company, Perma-Type Company, Inc., Nu-Hope Laboratories, Inc., Perfect Choice Medical Technologies, Fortis Medical Products, Safe n' Simple, AdvaCare Pharma, Schena Ostomy Technologies, Inc., Cymed, TG Eakin Limited, Alcare Diagnostic Research Center Pvt. Ltd., Welland Medical Limited.

Growing demand in the market is attributed to the rising prevalence of inflammatory bowel disease, colorectal cancer and chronic digestive disorders fueled by unhealthy lifestyle habits and growing geriatric population. The increasing awareness regarding ostomy care products and supportive associations is further fueling the adoption of ileostomy bags and accessories.

The Global Ileostomy Market players are focusing on expanding their geographical presence in emerging markets of Asia Pacific, Latin America and Middle East & Africa. The strengthening healthcare infrastructure and improving reimbursement scenario for ostomy procedures in developing nations offer lucrative opportunities. Additionally, manufacturers are investing in new product launches catering to the consumer demands which will drive the global market growth over the forecast period.

Market drivers
The Global Ileostomy Market Growth is driven by the growing geriatric population who are more prone to gastrointestinal disorders requiring ileostomy procedures. As per WHO, the world's population aged 60 years and older is projected to double from 12% to 22% between 2015 and 2050. Also, the increasing incidence of inflammatory bowel diseases and colorectal cancers are majorly contributing to the demand for ileostomy products worldwide. Improving awareness about ostomy care and supportive associations is further propelling the adoption of protective accessories and bags.

The global political climate presents significant challenges for the growth of the global ileostomy market during the forecast period of 2024-2031. Geopolitical tensions between major economies like the US and China continue to rise, disrupting global supply chains and trade relations. This increases the costs of key medical device components and raw materials for ileostomy products. Additionally, conflicts and political instability in major markets like Europe and Asia are causing economic uncertainties that may slow healthcare expenditures and demand. To sustain growth, ileostomy product manufacturers must localize production with suppliers across diverse geographies to build resilient supply networks that are not dependent on any single region. They also need to focus on emerging markets in Asia Pacific and Latin America that are relatively insulated from geopolitical dynamics in other parts of the world and offer higher growth opportunities.

North America currently accounts for the largest share of the global ileostomy market in terms of value. This is attributed to the advanced healthcare infrastructure and widespread health insurance coverage in countries like the US that facilitates affordable access to ostomy supplies and support services. However, the Asia Pacific region is expected to be the fastest growing market during the forecast period due to the rising prevalence of colorectal cancer, Crohn's disease and other conditions leading to ileostomies. Rapid economic development, growing medical tourism, and expanding health insurance penetration are also fueling market growth across developing nations like China and India. Europe holds the second largest market share and will witness steady demand fueled by well-established ostomy care programs and aging demographics.

Ostomy care services and support groups play a critical role in managing ostomates' mental wellbeing and social adjustment post-surgery. With the growing acceptance of diverting ostomies as a viable treatment option, organizations must continue expanding cultural competencies to meet the unique needs of diverse patient profiles globally. Leveraging digital tools to enhance access to remote consultations, supplies ordering and community engagement will be important for extending quality care especially in remote or underserved areas.

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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)