(EMAILWIRE.COM, February 23, 2019 ) “The ostomy care market projected to grow at a CAGR of 4.5%.”

The global ostomy care accessories market is projected to reach USD 2.99 billion by 2022 from USD 2.40 billion in 2017, at a CAGR of 4.5%. Factors such as the high incidence of bladder/colorectal cancer/inflammatory bowel disease; growing number of awareness programs to educate patients regarding the use of ostomy products; and efficient reimbursement system in developed countries are driving the growth of the market. However, unfavorable reimbursement scenarios in most developing countries and discomfort and other issues associated with the use of ostomy bags are expected to restrain the growth of this market.

“The ostomy care accessories segment is expected to be the fastest growing segment during the forecast period.”

The ostomy care accessories market is expected to grow at the highest CAGR during the forecast period owing to the growing skin problems due to frequent removal and re-application of skin barrier of ostomy bags and rising awareness about care of peristomal skin.

“The two-piece bags segment expected to be the largest segment in 2017.”

By system, the ostomy bags market is segmented into one-piece, two-piece, and skin barrier. Two-piece bags are expected to hold the largest share of the ostomy care accessories market in terms of volume in 2017. Since, we have considered skin barriers as a separate category, they contribute the highest value due to their higher prices.

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“RoW expected to register the highest growth rate in the ostomy care market.”

Geographically, the ostomy care accessories 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.

The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help firms garner greater market shares. Firms purchasing the report could use any one or a combination of the below-mentioned five strategies for strengthening their market shares.

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios offered by the top players in the ostomy care market
Product Development/Innovation: Detailed insights on research and development activities and new product launches in the ostomy care market

Market Development: Comprehensive information about lucrative emerging markets, by product, end user, and region

Market Diversification: Exhaustive information about new products, growing geographies, recent developments in the ostomy care market

Competitive Assessment: In-depth assessment of growth strategies, products, and manufacturing capabilities of leading players in the ostomy care market

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