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Ostomy Care Market: What are the future growth opportunities

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% during the forecast period. 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 stoma care market.

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Ostomy Care Market: What are the future growth opportunities

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  1. Ostomy Care Market worth $2.99 Billion by 2022 | Know The Segment Offering High Growth In The Market According to a new market research "Ostomy Care Marketby 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) - Global Forecast to 2022", published by MarketsandMarkets™, the market is projected to reach USD 2.99 Billion by 2022, at a CAGR of 4.5% during the forecast period. Don’t miss out on business opportunities in Ostomy Care Market. Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalyst.asp?id=267183143 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 market. Based on product, the ostomy care bags segment is estimated to be the largest segment of the market in 2017. On the basis of product type, the ostomy care market is segmented into ostomy care bags and ostomy care accessories. In 2017, the ostomy care bags segment is estimated to account for the largest share of the ostomy care market. The increasing number of patients suffering from IBD, colorectal cancer, and bladder cancer— among other diseases requiring ostomies is expected to drive this market. Browse and in-depth TOC on "Ostomy Care Market” 147 – Tables 31 - Figures 167 - Pages View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/ostomy-care-accessories- market-267183143.html Based on surgery type, the ileostomy segment expected to register the fastest growth rate in the forecast period On the basis of surgery type, the ostomy care market is segmented into – ileostomy, colostomy, and urostomy. The ileostomy segment is expected to grow at the highest CAGR during the forecast period.

  2. Europe to account for the largest share of the ostomy care market in 2017 Geographically, the ostomy care market is segmented into North America, Europe, Asia, and the Rest of the World. Europe is estimated to account for the largest share of the 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. Request Free Sample Pages @ https://www.marketsandmarkets.com/requestsample.asp?id=267183143 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). Browse Adjacent Markets @ Medical Devices Market Research Reports & Consulting About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com

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