Projected to reach USD 2.99 billion, the Global Ostomy Care Market is expected to grow at a CAGR of 4.5% by 2022. Factors such as high incidence of bladder/colorectal cancer/inflammatory bowel disease; growing number of awareness programs to educate patients regarding the use of ostomy products; and efficient reimbursement system in developed countries are driving the growth of the market. The growth is expected to be restratined by some extent owing to unfavourable factors such as reimbursement issues, discomfort and other issues associated with the use of ostomy bags.
Ostomy Care Market projected to grow at a CAGR of 4.5%
The global ostomy care market is projected to reach USD 2.99 billion by 2022 from USD 2.40 billion in 2017, at a CAGR of 4.5%. Factors such as the high incidence of bladder/colorectal cancer/inflammatory bowel disease; growing number of awareness programs to educate patients regarding the use of ostomy products; and efficient reimbursement system in developed countries are driving the growth of the market. However, unfavorable reimbursement scenarios in most developing countries and discomfort and other issues associated with the use of ostomy bags are expected to restrain the growth of this market
The ostomy care accessories segment is expected to be the fastest growing segment during the forecast period
The ostomy care accessories market is expected to grow at the highest CAGR during the forecast period owing to the growing skin problems due to frequent removal and re-application of skin barrier of ostomy bags and rising awareness about care of peristomal skin.
Request a Sample copy of Stoma/Ostomy Care Market Report @ https://www.bharatbook.com/request-sample/433314
The two-piece bags segment expected to be the largest segment in 2017
By system, the ostomy bags market is segmented into one-piece, two-piece, and skin barrier. Two-piece bags are expected to hold the largest share of the market in terms of volume in 2017. Since, we have considered skin barriers as a separate category, they contribute the highest value due to their higher prices.
RoW expected to register the highest growth rate in the ostomy care market
Geographically, the ostomy care market is segmented into North America, Europe, Asia, and RoW. The Rest of the World is expected to register the highest growth rate during the forecast period, due to rising patient pool in these countries and on-going positive changes in healthcare infrastructure of countries in this region. However, Europe is expected to command the largest share of the market in 2017 due to the high patient pool and efficient reimbursement structure.
Breakdown of supply-side primary interviews:
- By Company Type - Tier 1 – 31%, Tier 2 – 48% and Tier 3 – 21%
- By Designation – – C-level – 19%, Director-level – 28%, Others – 53%
- By Region – North America - 31%, Europe – 23%, Asia – 19%, RoW – 17%
The major players in the ostomy care market are ConvaTec (UK), Coloplast (Denmark), Hollister Incorporated (US), B. Braun (Germany), Alcare (Japan), Nu-Hope (US), Marlen (US), Welland Medical (UK), BAO-Health (China), Flexicare Medical (UK), Cymed (US), Schena Ostomy (US), Perma-Type (US), 3M (US), and Smith & Nephew (UK).
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Ostomy Care Market projected to grow at a CAGR of 4.5%
The global ostomy care market is projected to reach USD 2.99 billion by 2022 from USD 2.40 billion in 2017, at a CAGR of 4.5%. Factors such as the high incidence of bladder/colorectal cancer/inflammatory bowel disease; growing number of awareness programs to educate patients regarding the use of ostomy products; and efficient reimbursement system in developed countries are driving the growth of the market. However, unfavorable reimbursement scenarios in most developing countries and discomfort and other issues associated with the use of ostomy bags are expected to restrain the growth of this market
The ostomy care accessories segment is expected to be the fastest growing segment during the forecast period
The ostomy care accessories market is expected to grow at the highest CAGR during the forecast period owing to the growing skin problems due to frequent removal and re-application of skin barrier of ostomy bags and rising awareness about care of peristomal skin.
Request a Sample copy of Stoma/Ostomy Care Market Report @ https://www.bharatbook.com/request-sample/433314
The two-piece bags segment expected to be the largest segment in 2017
By system, the ostomy bags market is segmented into one-piece, two-piece, and skin barrier. Two-piece bags are expected to hold the largest share of the market in terms of volume in 2017. Since, we have considered skin barriers as a separate category, they contribute the highest value due to their higher prices.
RoW expected to register the highest growth rate in the ostomy care market
Geographically, the ostomy care market is segmented into North America, Europe, Asia, and RoW. The Rest of the World is expected to register the highest growth rate during the forecast period, due to rising patient pool in these countries and on-going positive changes in healthcare infrastructure of countries in this region. However, Europe is expected to command the largest share of the market in 2017 due to the high patient pool and efficient reimbursement structure.
Breakdown of supply-side primary interviews:
- By Company Type - Tier 1 – 31%, Tier 2 – 48% and Tier 3 – 21%
- By Designation – – C-level – 19%, Director-level – 28%, Others – 53%
- By Region – North America - 31%, Europe – 23%, Asia – 19%, RoW – 17%
The major players in the ostomy care market are ConvaTec (UK), Coloplast (Denmark), Hollister Incorporated (US), B. Braun (Germany), Alcare (Japan), Nu-Hope (US), Marlen (US), Welland Medical (UK), BAO-Health (China), Flexicare Medical (UK), Cymed (US), Schena Ostomy (US), Perma-Type (US), 3M (US), and Smith & Nephew (UK).
To browse full research report with TOC, click the link below :
https://www.bharatbook.com/medical-devices-market-research-reports-433314/stoma-ostomy-care-product-accessories-end-user-global-forecast.html
About Bharat Book Bureau :
Bharat Book Bureau is the leading market research information provider for market research reports, company profiles, industry study, country reports, business reports, newsletters and online databases Bharat Book Bureau provides over a million reports from more than 400 publishers around the globe. We cover sectors starting from Aeronautics to Zoology.
Contact us at :
Bharat Book Bureau
Tel: +91 22 27810772 / 27810773
Email: poonam@bharatbook.com
Website: www.bharatbook.com
Follow us on : Twitter, Facebook, Linkedin, Google Plus
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