Market Snapshot:
An ileostomy is made during surgical operations with the purpose of removing body wastes through an opening with the help of plastic bags. Growing geriatrics population has led to rise in demand of such equipment. Consumers are attracted towards durable and water proof comfortable ileostomy equipment solution which provides a lucrative opportunity for manufacturers to focus on products developments.
Segment Analysis
AMA Research have segmented the market of Global Ileostomy market by Type, Application and Region. On the basis of Type, End Ileostomy are dominating the market in the year 2020
On the basis of geography, the market of Ileostomy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Trend
Growing Awareness About Use of Ileostomy Equipment and Rising Demand for Comfortable and Durable Apparatus
Market Drivers
Rising Occurrence of Bladder or Bowel Related Diseases and Growing Number of Geriatrics Population
Opportunities
Growing Medical Tourism in Countries Where Treatment Cost is Low Such as India and Rising Health Budget in Emerging Countries
Restraints
- Availability of Alternative Surgical Methods
- Lack of Favorable Reimbursement Policies In Emerging Countries
In addition to the aforementioned factor, Rising Occurrence of Bladder or Bowel Related Diseases
is expected to propel the growth of the market over the forecast period.
The key Players profiled in the study are 3M Healthcare [United States], Coloplast [Denmark], B. Braun Melsungen [Germany], Flexicare Medical [United Kingdom], Convatec [United Kingdom], Hollister Incorporated [United States], Marlen Manufacturing [United States], Salts Healthcare [United Kingdom], Smith & Nephew [United Kingdom] and Pelican Healthcare [United Kingdom]. A lot of United States and United Kingdom players are profiled in the research study indicating a strong market dependence.