Press release
Ostomy Care and Accessories Market is experiencing Phenomenal Growth, with an exceptional CAGR of 4.5 Percent by 2030
The global ostomy care and accessories industry was estimated at $3.0 billion in 2020, and is anticipated to hit $4.8 billion by 2030, registering a CAGR of 4.5% from 2021 to 2030.
Flood in commonness of fiery gut illnesses and colorectal disease cases and improvement of new ostomy items by countless central members drive the development of the worldwide ostomy seepage packs market. Additionally, the send off of imaginative items that take care of necessities and solace of patients and ascend in number of endorsements by administrative bodies set out new open doors before long.
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Covid-19 scenario-
The majority of hospitals and clinics across the world were restructured to heighten the hospital capacity for individuals diagnosed with Covid-19 and there was a steep decline in demand for ostomy care accessories.
Non-essential surgical procedures took a potential backlog owing to the rising Covid-19 cases, which worsened the scenario even more.
However, as the global situation is getting back on track at a slow & steady pace, the market for ostomy care and accessories has also started recovering.
Key companies profiled
3M Company, Alcare Co., Ltd., B. Braun Melsungen AG, Clinimed Group (Welland Medical Limited), Coloplast A/S, Cymed Micro Skin, Hollister Incorporated, ConvaTec, Inc., Nu-Hope Laboratories, Inc., Schweitzer-Mauduit International, Inc. (Scapa Healthcare), Smith and Nephew Plc., and Torbot Group Inc.
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The colostomy segment to maintain the lion's share-
Based on application, the colostomy segment generated around half of the global ostomy care and accessories market revenue in 2020, and is expected to lead the trail by 2030. This is due to rise in number of colostomy surgeries across the world. The ileostomy segment, on the other hand, would manifest the fastest CAGR of 5.2% from 2020 to 2030. This is attributed to surge in cases of small intestine-related cancer.
Allied Market Research has segmented the Ostomy Care and Accessories Market report on the basis of procedure, application, end-user, and region:
Important Questions Being Answered by the Market Report
What is the Ostomy Care and Accessories Market size and growth?
What are the prominent and latest trends impacting the market?
Which regions will observe growth on new occasions?
Which players are adopting a functioning and planned framework to obtain customer loyalty?
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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