Stoma or Ostomy Care Market Growth Values, Industry Overview and Forecast to 2024

Market Insights:
The global Stoma or Ostomy Care Market is estimated to be valued at USD 4,109.11 million by 2024 and is expected to register a CAGR of 7.2% during the forecast period.
The global stoma or ostomy care market has been segmented by type into two-piece system and one-piece system. The two-piece system segment is holding the largest market share of 55.6% in 2018 of global stoma or ostomy care market, by type, and is projected to reach USD 2,266.86 million by 2024, as it is user-friendly, durable, and convenient for changing the bag without removing the skin barrier from the stoma.
Key factors such as obesity, sedentary lifestyle, and increasing aging population are leading to colorectal cancer. The American Cancer Society estimates that there are likely to be 101,420 new cases of colon cancer and 44,180 new cases of rectal cancer in the US in 2019. Therefore these factors are responsible for propelling market growth. Whereas certain risk factors involved in ostomy surgery such as damage or injury to other organs surrounding the affected area are likely to hinder the market growth.
Major Players:
·         Coloplast Corp
·         ConvaTec Inc
·         3M
·         Smith & Nephew
·         B. Braun Melsungen AG
·         Hollister Incorporated
·         Flexicare Medical Limited
·         Welland Medical Limited
·         Marlen Manufacturing & Development Co
Regional Analysis:
The Americas accounted for the largest market share of 42.8% in 2017. The US held the most considerable market share of 86.4% in 2017 in the region. Europe was the second-largest market in 2017. However, the market in Asia-Pacific is expected to register the highest CAGR of 7.8% during the forecast period. According to the Centers of Disease Control and Prevention (CDC), around 1.3% of the adults in the US were reportedly suffering from inflammatory bowel diseases in 2015 that increased the overall hospitalization rate in the country resulting to a hike in the sales of ostomy bags in the region.
Europe is anticipated to hold the second-largest market for stoma or ostomy care during the forecast period. Germany, the UK, France, and Italy are the major contributors to the growth of the European stoma or ostomy care market. There are various factors responsible for the growth of the market, which includes the rising incidence of bladder cancer, congenital disabilities, and technological advancements in the field of the stoma or ostomy devices in the region.
Asia-Pacific is anticipated to register high growth during the review period. To increase support research, awareness, and availability of treatment options to patients in respective countries, increasing efforts are being undertaken by government and non-government organizations.
The Middle East & Africa holds the lowest market for stoma or ostomy care. The increasing awareness about stoma or ostomy care and available products would enhance the market growth in the Middle East & Africa during the forecast period. 

Comments

Post a Comment

Popular posts from this blog

Proteomics Market Analysis, Demand Overview, Growth Analysis, Current Trends, Updates, and Global Industry Forecast to 2023

Market Highlights: The global proteomics market is anticipated to hold a market value of USD 23.2 billion in the year 2017 and is expected to grow at a CAGR of 14.1% during the forecast period. Proteomics is a science which is used to estimate the rate of protein production, interaction of proteins with one another, involvement of proteins in metabolic pathways, and modification of proteins. Also, it has extensive applications in drug discovery, development of personalized medicines, and identification of markers for disease diagnosis. Increasing need for personalized medicine, R&D expenditure, technological advancements and increased funding for proteomics project are expected to drive the market growth over the forecast period. For instance, in July 2017, Biognosys AG received USD 5 million funding from its new as well as existing investors. These new funds will be used for extending commercial operations and also to accelerate the development of next generation prote
Read more

Surgical Drapes and Gowns Market is Growing Dynamically at a Speedy CAGR of 4.4% During Forecast 2018-2023

Market Overview: Market Research Future Reports have accumulated study insights and states that the global surgical drapes and gowns market size is expected to expand significantly by the year 2023 as it already held a valuation of USD 2.23 billion in 2017. Now that with the current scenario, it has been observed that the surgical drapes and gowns market is set to proliferate at a CAGR of 4.4% over the forecast period. Surgical Drapes and Gowns Market Share   Held Valuation Up to USD 2.23 Billion in 2017 and Expected to Proliferate in Coming Years Says Global Top Manufacturers A gown and drape have found its immense importance with its usage in the surgical world. These gowns and drapes are useful in reducing the risk of disease. These are supplied by healthcare professionals for minimizing the exposure of transfer of infection while maintaining sterility of spaces. Since its optimum usage in hospitals and clinics globally, it is gaining significant traction in recent time.
Read more

Dental Lasers Market Growth Values, Advanced Share, Demand Overview and Industry Forecast to 2023

Market Overview: The global Dental Lasers Market , as per a report by Market Research Future (MRFR) is touted to register a healthy CAGR of 5.2% during the assessment period ( 2017-2023 ). Dental lasers are considered devices that emit coherent light beams, mainly suited to perform oral surgeries. These lasers prevent the need for surgical instruments like coherent light beams, coherent light beams, and handpieces. Dental lasers also offer benefits like less contamination, less trauma, and less bleeding and are being accepted across the globe due to their ability like short healing time, lower light exposure, portability, and does not require anesthesia. Competitive Dashboard: ·          Biolase ·          AMD Lasers ·          Convergent Dental ·          Cao Group ·          Fotona D.D ·          Danaher Corporation- Kavo Dental GmbH ·          Millennium Dental Technologies ·          Ivoclar Vivadent AG ·          Syneron Dental Lasers-Syneron Medical Ltd
Read more