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Ostomy Care Accessories Market | Key Revenue Pockets

The global ostomy care accessories market is projected to reach USD 2.99 billion by 2022 from USD 2.40 billion in 2017, at the CAGR of 4.5%. The high incidence of bladder/colorectal cancer/inflammatory bowel disease; rising geriatric population; growing number of awareness programs to educate patients regarding the use of ostomy products; technological advancements in ostomy products; and efficient reimbursement system in developed countries are some of the factors driving the growth of this market.
In this report, the ostomy care accessories market has been segmented on the basis of product, end user, and region.
On the basis of product, the market is segmented into ostomy care bags and ostomy care accessories. The ostomy care accessories market is expected to grow at the highest CAGR during the forecast period owing to increasing awareness among people about peristomal skin care and hygiene.
Based on accessory, the ostomy care accessories market is segmented into pastes & powders, creams, cleansers, deodorants, and other accessories. The pastes & powders segment is expected to be the fastest-growing segment of the market during the forecast period. Pastes and powders help reducing irritation caused due to moist skin and discharge. They help maximize the use of ostomy appliances, keep skin in a healthy condition, and increase the wear time of skin barriers or wafers. All these advantages drive the growth of this market segment.
Based on region, the ostomy care market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). RoW is expected to register the highest growth rate during the forecast period. On the other hand, Europe is estimated to hold the largest market share in 2017 owing to the fact that European countries have a higher prevalence of IBD which is results in a higher number of ostomy surgeries.
In addition, emerging markets such as China, India, Brazil, and Mexico are expected to offer significant growth opportunities for market players.
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