Medical Device | Healthcare | Biotechnology | Pharmaceuticals

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 the ostomy care market. Ostomy Care Market by Product (Bags (Surgery Type (Ileostomy, Colostomy, Urostomy), System (One, Two-Piece), Usability (Drainable, Closed), Shape (Flat, Convex)), and Accessories (Powder, Paste)), End User (Home, Hospital). 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% Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=267183143 Global Ostomy Care Market is Segmented on: 1. Product 2. Usability 3. System 4. End User 5. Geography The bags segment is further categorized into surgery type, sys...

Europe is estimated to hold the largest share in ostomy care market 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. The unfavourable reimbursement scenarios in most of developing countries, and discomfort and other issues associated with the use of ostomy bags are expected to restrain the growth of ostomy care market . The global ostomy care market is expected to reach USD 2.99 Billion by 2022 from USD 2.28 Billion in 2016, at a CAGR of 4.5%. Get Crucial Industry Insights | Download PDF Brochure Now: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=267183143 Ostomy Care Products Market: 1. Ostomy Care Bags 2. Ostomy Care Accessories The bags segment is further categorized into surgery type, system type, and usability. On the basis of surgery type, ostomy bags are segmented into – ileostomy, colostomy, and urostomy. On the basis of system type, the market is classified into on...

The global ostomy care accessories market is estimated to be valued at USD 2.40 Billion in 2017 and is projected to reach USD 2.99 Billion by 2022, growing at a 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 factors driving the growth of the ostomy care market. Analysis of the ostomy care accessories market developments between 2015 and 2017 revealed that several growth strategies such as product launches and product enhancements, strategic acquisitions, agreements, contracts, and market expansions were adopted by market players to strengthen their product portfolios and maintain a competitive position in the ostomy care market. Among these business strategies, product launches and product enhancements were t...