– 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.
Key Highlights Offered in the Report:
- The presence of prominent market players, better disease awareness, high healthcare spending and favorable reimbursements are the primary factors for the significant market share in the region.
- In 2021, Europe was the major revenue contributor and accounted for 49.19% share of the global ostomy care market and witness the highest incremental growth of USD 315.60 million during the forecast period.
- The ostomy care market in US was valued at USD 826.82 million in 2027 and…
