The Ostomy Care Accessories Market was worth USD 2304.7 Million in 2017 and is projected to reach around USD 3094.9 Million by 2024
Pune, India -- (SBWIRE) -- 11/14/2018 -- "The Ostomy Care Accessories Market was worth USD 2304.7 Million in 2017 and is projected to reach around USD 3094.9 Million by 2024. The Ostomy Care Accessories Market is estimated to grow at a CAGR of 4.33% during the forecast period 2018-2024. The EMEA region accounted for the largest market share of approximate 47% in 2017 and is expected to remain dominant through the forecast period. The North America region is expected to grow at highest CAGR of 6.56% during the forecast period."
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A complete view of Ostomy Care Accessories is provided based on definitions, product classification, applications, major players driving the global Ostomy Care Accessories Market share and revenue. The information in the form of graphs, pie charts will lead to the easy analysis of an industry. The market share of top leading players, their plans and business policies, growth factors will help other players in gaining useful business tactics.
The forecast Ostomy Care Accessories market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Ostomy Care Accessories on global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report.
The ostomy is a surgically created opening in the body for the discharge of waste from the body. Geriatric population is the most vulnerable population segment that is likely to have more ostomy surgeries due to rise in incidents of bowel cancer and Crohn's disease. The types of ostomies such as ileostomy (which connect to small intestines) and colostomy (which connects to the large intestines) connect to the external walls. Another type of ostomy is urostomy which connects the urinary system to the external wall. The ostomy is performed in case of diseases such as cancer, trauma, Crohn's disease, inflammatory bowel disease, and bowel obstruction, among others. The ostomy bags are used for the purpose of collecting the body waste such as stool. The bags can be disposed, it is one of the most commonly used ostomy practice worldwide.
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Globally, the rise in geriatric population in major regions such as North America, Europe and the Middle East and some countries in the Asia-Pacific region is likely to augment the market size of ostomy care accessories and bags market, as the geriatric population is more susceptible to disorders of urinary and digestive systems, and bowel cancer. Moreover, growing awareness about ostomy among the end users and customers is projected to further drive the market for ostomy care accessories over the years to come. On the other side, the global ostomy care market is restrained by factors such as availability of other treatment methods and discomfort of using ostomy bags among the patients.