Ostomy Pouches Account for 80% of Global Spending on Ostomy Care, Finds Fact.MR

ROCKVILLE, Md. - Aug. 30, 2019 - PRLog -- Estimated to witness a steady growth, the global ostomy care market is highly likely to value ~US$ 3 Bn in 2019. Fact.MR presents indispensable insights on the ostomy care market in its latest business intelligence report that envisages a moderate growth outlook for the market. Growth of ostomy care market remains highly influenced by growing incidences of inflammatory bowel diseases, and rising demand for advanced leak-proof ostomy bags.

The Fact.MR study indicates that the sales of ostomy pouches continue to grow considerable in line with their notable demand over other accessories that are used for ostomy care. In fact, ostomy pouches accounted for ~80% of the overall sales in 2018. In view of the growing demand for ostomy pouches due to the considerable spike in the prevalence of ulcerative colitis and inflammatory bowel disease among aging population, market is accelerating at a rapid pace. As per the Fact.MR report, growing aged population in several developed countries continue to suffer from diseases, such as inflammatory bowel disease and ulcerative colitis.

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This accelerating prevalence of such conditions has been creating a considerable demand for the development of different kinds of ostomy bags and accessories in the ostomy care market. This, coupled with the rise in the number of trauma cases in varying age groups continue to create a favorable scenario for the sales of ostomy bags, thereby driving the growth of the ostomy care market.

Growing advancements in the development of ostomy care bags and accessories have been pushing the launch of novel ostomy bag compatible accessories that are more convenience driven than the traditional variants. Several market frontrunners are developing and offering hydrophilic barriers with filters, owing to their ability to fix the bags on the abdominal cavity, while providing high level of comfort to the patient.

Though the developed regions, such as Europe and North America are leading in the ostomy care market, the lucrativeness of Asia Pacific is also growing at a steady pace. Demand for ostomy care bags & accessories has growing considerably in India, China, Japan, and Australia in recent years, owing to the cost-competitiveness and user-friendly aspect of convex inserts.

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Rapidly developing healthcare infrastructure and a considerable spike in the number of awareness programs & educational seminars are also adding to the lucrativeness of the Asia Pacific ostomy care market. In October 2018, Asia and South Pacific Ostomy Association (ASPOA) celebrated the World Ostomy Day, with an objective to grow awareness about ostomy among the patients-in particular and public, in general.