An Appreciable CAGR Of 7% Expected To Be Witnessed By Ostomy Care Accessories Market From 2021

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Ostomy Care Accessories Market
Report Id PMRREP3200 Category Life Science
Healthcare
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An Appreciable CAGR Of 7 Expected To Be
Witnessed By Ostomy Care Accessories Market From
2021

• Globally, market value of ostomy care
  accessories was US 486.2 Mn in 2020, and is
  expected to portray a CAGR of more than 7 during
  the forecast period (2021 2031).
• Prevalence of bladder and colorectal cancer is
  relatively high among the geriatric population,
  and it has been estimated that around 90 of
  cases of colorectal cancer are diagnosed in
  individuals aged above 65 years. Rapid
  advancements in the clinical management of ostomy
  with the launch of innovative products have
  boosted demand for ostomy care accessories.
• Improved patient compliance with enhanced quality
  of life coupled with significant economic savings
  are playing a vital role in shaping the market
  for ostomy care accessories. Moreover, increase
  in awareness regarding ostomy care through
  several initiatives taken by various private and
  non-profit organizations is expected to be
  another important factor surging market growth.

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Key Takeaways from Market Study

• Owing to wide utilization of products such as
  skin protection and skin barrier, among others,
  as a prevention and remedy for peristomal skin
  complications, demand for these types of products
  is expected to grow over the coming years.
• Demand for skin-friendly and long-wear-time seals
  is constantly increasing, due to which, the
  sealing segment is expected to contribute 3/4
  market share.
• Home care settings are expected to increase
  significantly, owing to rising adoption of
  homecare services and increasing availability of
  trained nurses and reduced emergency visits to
  hospitals.
• Rise in prevalence of inflammatory bowel
  diseases, increasing number of ostomy procedures,
  and growing usage of ostomy care accessories
  contributed to the dominance of Europe in the
  global market for ostomy care accessories.
• Development of advanced ostomy care accessories
  is one of the key focus of prominent manufactures
  in the market, says an analyst of Persistence
  Market Research.

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