Global Ileostomy Market to reach USD XX billion by 2027.Global Ileostomy Market is valued approximately USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of XX% over the forecast period 2021-2027. Ileostomy is a surgical procedure in which the surgeon creates an opening in the abdomen wall and brings a part of small intestine (ileum) through that wall to create a path directly from small intestine to outside the body. Ileostomy can be done to give other organs time to heal, or it can be permanent when the bowel system fails. Global Ileostomy market is majorly driven by growing instances of gastrointestinal cancer cases around the world. As per SEER USA, there were approximately 1,365,135 Colorectal patients in the United States. Ileostomy is one of the first steps in treatment of colorectal cancer.
Ileostomy market is also driven by rising geriatric population. Around 9.3% of the people in the world are aged 65 and above, according to World bank's 2020 report. This percentage is increasing every year and the demand for Ileostomy surgery and accessories is also rising.
However, the shift of trend from ileostomy to ileoanal reservoirs due to involvement of less external attachments can impede the growth of market in the forecast period of 2021-2027. Nevertheless, with increasing research into ileostomy treatment and rising government expenditure on pharma research is likely to increase the market growth during the forecast period.
Among Asia Pacific, North America, Europe, Latin America and Rest of the World, the regional analysis shows North America as the most significant player across the world in terms of market share because of established healthcare infrastructure, high government support for medical research and presence of key market players. In addition, North America is also anticipated to exhibit the highest CAGR over the forecast period 2021-2027. Factors such as rising prevalence of cancer and gastrointestinal diseases, higher health awareness and increasing research partnerships would create lucrative growth prospects for the Ileostomy Market across Asia-Pacific region.

Major market player included in this report are:

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

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the Industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Procedure:
End Ileostomy
Loop Ileostomy
By Equipment:
Stoma Bags
Belts & Girdles
Adhesive Sprays
Stoma Guards
By End User:
Hospitals
Ambulatory Surgical Centers
Research Centers
By Disease Indication:
Cancer
Diverticulitis
Ulcerative Colitis
Crohn's Diseases
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Ileostomy Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors