Ostomy Care Accessories Market: Developing Countries like US, Canada, Australia, and Japan Offering Business Expansion Opportunities
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 market has been segmented on the basis of product, end user, and region.
In this report, the market has been segmented on the basis of product, end user, and region.
On the basis of region, ostomy care market is segmented into
North America, Europe, Asia, and the rest of the world. Among these regions,
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. The unfavorable 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 this 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.
Know more in detail analysis of global ostomy care accessories market:
https://www.marketsandmarkets.com/Market-Reports/ostomy-care-accessories-market-267183143.html
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