Incontinence & Ostomy Care Market Set to Reach USD 22.15 Bn up to 2023, Predicts IQ4I in New Research Report Available at MarketPublishers.com22 Feb 2017 • by Natalie Aster
LONDON – Owing to expected increase in geriatric population and rising awareness about conditions like incontinence and ostomy, the global market for incontinence and ostomy care is slated to follow an upward trend in the years ahead, being focused on newer technology and improved products. The market value is predicted to amount to more than USD 22.15 billion by 2023, growing at a mid-range single digit CAGR.
Apart from above mentioned growth driving factors, the market is set to be propelled also by a rising use of personalised products for providing incontinence and ostomy care activities and favorable government policies. Ongoing technological improvements and expanding number of application areas present vital opportunities for the market players in the years to come. However, growth in the marketplace could be hampered by the rising adoption of alternative medical treatments, presence of domestic manufacturers and also low reimbursement.
Today, Europe, followed by North America, is the dominant regional market for incontinence and ostomy care. Meantime, the APAC market (especially India and China) is set to grow at the highest rate through 2023.
New IQ4I research report, “Incontinence and Ostomy Care Global Market - Forecast to 2023”, draws a detailed picture of the current scenario in the marketplace. The publication includes a thorough market segmentation analysis on the basis of products, applications, end-users and geography. The report delves into the competitive scenario and offers 12 all-encompassing profiles of the most prominent market participants. Moreover, it focuses on the market dynamics and uncovers data on the main growth driving and restraining forces. Future projections for the market through 2023 are available here, as well.
Other IQ4I research reports are at hand in the publisher's catalogue at MarketPublishers.com.