Stoma/Ostomy Care market share is expected to grow at a slow growth rate of 4% over the forecast period 2022-2032, finds Future Market Insights (FMI) in a recent market analysis.
The rising prevalence of target diseases, innovations in ostomy goods and surgery methods, growing awareness, and reimbursements contribute to the stoma care market expansion.
The most common illnesses that necessitate ostomy care procedures are colorectal cancer, bladder cancer, and inflammatory bowel disease. The surgical excision of the aggressive melanoma of the intestine is used to treat colorectal cancer and inflammatory bowel disease (IBD). In some situations, a surgical incision is established through the abdomen to offer a new waste minimization conduit, known as an ostomy.
The adoption of stoma/ostomy care procedures performed worldwide has increased due to an increase in the occurrence of these illnesses and greater exposure to risk factors, such as altering eating habits and increasing antibiotic use in children.
Despite the recent developments in stoma care, the stoma/ostomy market faces a more significant number of restraints that limit the growth potential. The market is likely to be restrained by stoma care problems, discomfort, and other concerns linked to ostomy goods, societal stigma, and the increased acceptance of alternative therapies, particularly in developing nations.
To remain ‘ahead’ of your competitors, request for a sample @ https://www.futuremarketinsights.com/reports/sample/REP-GB-14261
As per the stoma/ostomy care market analysis, following the COVID-19 pandemic, there has been a steady decline in the care and prognosis of colon cancer patients in hospitals. The coronavirus treatment was prioritized amongst CRC patients who contracted the virus without requiring surgery. The considerable delay in CRC treatment during the pandemic had a detrimental effect on the market
Although stomas are a reasonably common and safe surgery, there are certain risks. Although most stoma problems are mild, some, particularly necrosis and exhaustion, can become medical catastrophes. To some degree, these issues constrain the acceptance of stoma care appliances.
The stoma care market recorded a valuation of US$ 2.6 Bn in 2021, and is growing at an estimated CAGR of 4% during 2022-2032.
Key Takeaways:
- As per the recent developments in stoma/ostomy care, the home care settings category led the market in 2020, accounting for 45.4 percent of total revenue, and is predicted to grow at the fastest pace during the forecast period. From 2021 to 2028, the accessories section is predicted to grow at the fastest rate of 6.6 percent as per stoma/ostomy care market trends.
- In 2020, the ostomy bags sector in terms of product type held the most significant share of the stoma/ostomy care market, accounting for 88.50 percent. This segment is expected to grow at a CAGR of 4.2 percent during the forecast period.
- Based on end users, hospitals, specialist clinics, and stoma care in nursing accounts for the highest share in the stoma/ostomy care market.
- Regionally, Europe accounted for 37.85% of the stoma/ostomy care market growth rate in 2020 due to the prevalence of favorable reimbursement scenarios and improved stoma care procedures appliances and nursing considerations.
Competitive Landscape
The European stoma/ostomy care market size is the largest. However, as per the recent trends, key players are focusing on the Asia Pacific market, given the cheap labour cost to reduce their overheads and wide pool of patients.
For critical insights, request for PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-14261
Why Future Market Insights?
• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the keyword market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario
About FMI:
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact Us:
Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com