Ostomy Care Market Size by Investment to Reach USD 3957.67 Million by 2027 - Arizton

Ostomy Care Market Size by Investment to Reach USD 3957.67 Million by 2027 - Arizton

PR Newswire

CHICAGO, Dec. 22, 2021

- Health program out of an overall government health budget of about $23 billion. Therefore, the growing disease burden, coupled with improved government initiatives, expects to boost the country's ostomy care market.

- Key to local manufacturers, the focus is to develop ostomy bags as innovative and advance as possible. They continuously launch new advanced ostomy appliances, which are contributing to the ostomy care market growth.

CHICAGO, Dec. 22, 2021 /PRNewswire/ -- The ostomy care market is expected to grow at a CAGR of around 4% during the period 2021−2027.

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Ostomy Care Market – Segmentation

Ostomy Care Market by Product

Ostomy Care Market by System

Ostomy Care Market by Usage

Ostomy Care Market by Shape

Ostomy Care Market by End-User

Ostomy Care Market – Dynamics

Portea Medical and ConvaTec partnered together to offer ostomy care and wound management products and services at home. There are many home healthcare agencies that work for ostomy patients, which include MedStar Health, Professional Home Care Services (PHCS), Nightingales, Portea Medical, and Johns Hopkins boosting their growth in the market. there is high potential growth for ostomy care in the emerging market on account of increasing aging population, high prevalence of chronic diseases, especially IBD, increased healthcare expenditure, and the growing e-commerce sector. Telehealth ostomy care is a distinctive niche market, which can provide timely, high-quality care. One way to adopt telemedicine is to combine home care with a certified stoma nurse that has the skills and experience to address complications, arising before and after ostomy surgery.

Key Drivers and Trends fueling Market Growth:

Ostomy Care Market – Geography

In 2021, Europe was the major revenue contributor and accounted for 49.19% share of the global ostomy care market. The use of telemedicine services witnessed uptick in Europe because the region was out under a strict lockdown, and stoma patients require continuously monitoring by healthcare providers. Therefore, there was a high demand for home-based ostomy care services and ostomy-trained nurses in the region. Germany, the UK, France, Italy, and Spain are the major revenue generators countries in the region. The rapid adoption of technologically advanced medical procedures and government initiatives such as reimbursement policies to improve the quality of healthcare systems play a pivotal role in the growth of the market in France. vendors are coming up with new marketing and sales strategies to increase the sale of highly advanced ostomy care products. Therefore, a high patient pool, coupled with the availability of advanced devices, is expected to boost the UK ostomy care market.

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Ostomy Care Market by Geography

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