An Appreciable CAGR Of 7% Expected To Be Witnessed By Ostomy Care Accessories Market From 2021 - PowerPoint PPT Presentation

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An Appreciable CAGR Of 7% Expected To Be Witnessed By Ostomy Care Accessories Market From 2021


Globally, market value of ostomy care accessories was US$ 486.2 Mn in 2020, and is expected to portray a CAGR of more than 7% during the forecast period (2021 – 2031). – PowerPoint PPT presentation

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Title: An Appreciable CAGR Of 7% Expected To Be Witnessed By Ostomy Care Accessories Market From 2021

Ostomy Care Accessories Market
Report Id PMRREP3200 Category Life Science
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An Appreciable CAGR Of 7 Expected To Be
Witnessed By Ostomy Care Accessories Market From
  • Globally, market value of ostomy care
    accessories was US 486.2 Mn in 2020, and is
    expected to portray a CAGR of more than 7 during
    the forecast period (2021 2031).
  • Prevalence of bladder and colorectal cancer is
    relatively high among the geriatric population,
    and it has been estimated that around 90 of
    cases of colorectal cancer are diagnosed in
    individuals aged above 65 years. Rapid
    advancements in the clinical management of ostomy
    with the launch of innovative products have
    boosted demand for ostomy care accessories.
  • Improved patient compliance with enhanced quality
    of life coupled with significant economic savings
    are playing a vital role in shaping the market
    for ostomy care accessories. Moreover, increase
    in awareness regarding ostomy care through
    several initiatives taken by various private and
    non-profit organizations is expected to be
    another important factor surging market growth.

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Key Takeaways from Market Study
  • Owing to wide utilization of products such as
    skin protection and skin barrier, among others,
    as a prevention and remedy for peristomal skin
    complications, demand for these types of products
    is expected to grow over the coming years.
  • Demand for skin-friendly and long-wear-time seals
    is constantly increasing, due to which, the
    sealing segment is expected to contribute 3/4
    market share.
  • Home care settings are expected to increase
    significantly, owing to rising adoption of
    homecare services and increasing availability of
    trained nurses and reduced emergency visits to
  • Rise in prevalence of inflammatory bowel
    diseases, increasing number of ostomy procedures,
    and growing usage of ostomy care accessories
    contributed to the dominance of Europe in the
    global market for ostomy care accessories.
  • Development of advanced ostomy care accessories
    is one of the key focus of prominent manufactures
    in the market, says an analyst of Persistence
    Market Research.

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