A recent report published by Infinium Global Research on the ostomy care market provides an in-depth analysis of segments and sub-segments in the global as well as regional ostomy care market.
Pune, India -- (SBWIRE) -- 11/29/2019 -- Infinium Global Research has recently added a report on the "Ostomy Care Market (Procedure - Colostomy, Ileostomy, and Urostomy; Product Type - Ostomy Bag, and Accessories; End User - Hospitals and Clinics, Ambulatory Surgery Centers, and Home Care): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025." The global ostomy care market is projected to grow at a CAGR of 4.39% over the forecast period of 2019-2025.
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According to the IGR research analysts, the rising prevalence of colorectal cancer, bowel obstruction, infection, fecal incontinence, diverticular disease, and inflammatory bowel diseases driving the growth of the ostomy care market. An ostomy is a surgically created opening that allows stool or urine to leave the body. Cancer is by far the most common reason for the formation of a stoma and has been shown to account for more than half of the cases in extensive post-marketing clinical studies. However, a stoma operation leads to physical damage, disfigurement, and loss of bodily functions. Ostomy care products are used to handle the openings created by ostomy procedures.
Europe is Anticipated to Dominate the Market Over the Forecast Period Due to Rising Geriatric Population
The report gives an in-depth analysis of the global ostomy care market, focuses on the market opportunities along with the trends driving the market. It provides the market segmentation by the procedure (colostomy, ileostomy, urostomy) by product type (ostomy bag and accessories) by end-user (hospitals and clinics, ambulatory surgery centres, and home care) and by geography. Among the regions, Europe dominates the ostomy care market and is anticipated to remain dominant over the forecast period. The factors driving the growth of the market in this region is due to the rise in geriatric population base suffering from diseases such as bladder cancer, cancer inflammatory bladder and colorectal diseases. The highest reported prevalence of ulcerative colitis values and Crohn's disease were in Norway and Germany.
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Ostomy Care Market: Competitive Analysis
The key players featured in the report are Coloplast A/S, Hollister Incorporated, ConvaTec Inc., B. Braun Melsungen AG, 3M Company, Nu-Hope Laboratories, Inc., Alcare Co., Ltd., Marlen Healthcare, Smith & Nephew plc, and other companies. In May 2019, 3M announced its acquisition of Acelity Inc. Acelity is a leading global medical technology company focused on advanced wound care and speciality surgical applications marketed under the KCI brand.
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About The Infinium Global Research
The Infinium Global Research comprises of a team of well-experienced analysts who have qualified in generating the incisive report. The ostomy care market report offers trends, opportunities, challenges, market size, and forecast for major geographical regions and key countries. This report studies the ostomy care market in the global market, especially in Europe, North America, and Asia-pacific, with production, revenue, consumption, import, and export in these regions.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the ostomy care.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.