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3M Co., ALCARE Co. Ltd. and B. Braun Melsungen AG will become major players in the ostomy product market during 2020-2024
New York, March 15, 2021/PRNewswire/- According to Technavio, the market for ostomy products is expected to grow by US$1.05 billion during the period 2020-2024. The report analyzes in detail the impact of the COVID-19 pandemic on the ostomy product market in optimistic, possible and pessimistic forecast scenarios.
The enterprise will go through the response, recovery and renewal phases. Download free sample report
Due to the widespread growth of the COVID-19 pandemic, the ostomy product market will have a positive impact during the forecast period. According to Technavio's market research focusing on the pandemic, compared with 2019, the market growth in 2020 has increased.
As the novel coronavirus pandemic continues to spread, organizations around the world are using technology to gradually flatten their decline curve. Many companies will go through the response, recovery, and renewal phases. Building business resilience and achieving agility will help organizations move forward on their journey from the COVID-19 crisis to the next normal state.
This post-pandemic business planning study will help clients:
Download the post-pandemic business planning structure
The main considerations of the market forecast:
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The three major ostomy products market participants:
3M Co. operates its business through sectors such as industry, security and graphics, healthcare, electronics and energy, and consumer products. The company provides 3M Cavilon No Sting Barrier Film. The product is hypoallergenic and clinically proven to gently protect your skin and prevent adhesive damage.
ALCARE Co. Ltd. operates its business through the divisions of motorcycle care, nursing, stoma care and incontinence care, and wound care. The company offers a wide range of ostomy products, such as Cellcare stoma system, Deofine Powder, PROCARE SKIN BARRIER and Youcare stoma system.
B. Braun Melsungen AG operates its business through hospital care, Aesculap, OPM and Avitum departments. The company offers a wide range of ostomy products, such as Askina barrier film, Flexima Active, Proxima 2 and Iryflex Set.
If you purchase a report updated in the next 60 days, we will send you the new version and data excerpts for free! Get a snapshot of the report here to get a detailed market share analysis of market participants during the COVID-19 lock-in period:
https://www.technavio.com/report/ostomy-products-market-industry-analysis
Ostomy Product Market 2020-2024: Segmentation
The market segmentation of ostomy products is as follows:
The market for ostomy products is driven by the increase in the number of chronic diseases. In addition, other factors, such as the increasing use of closed integrated ostomy bags, are expected to trigger the stoma product market to achieve a compound annual growth rate of more than 5% during the forecast period.
To get more insights on the global trends affecting the future of the ostomy product market, request a free sample @ https://www.technavio.com/talk-to-us?report=IRTNTR40459
About Us Technavio is the world's leading technology research and consulting company. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and formulate effective strategies to optimize their market position. Technavio's report library has more than 500 professional analysts, including more than 17,000 reports, and it is constantly increasing, covering 800 technologies across 50 countries/regions. Their customer base includes companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio's comprehensive coverage, extensive research, and actionable market insight to identify opportunities in existing and potential markets, and evaluate their competitive position in changing market scenarios.
Contact Technavio Research Jesse Maida Media and Marketing Director United States: +1 844 364 1100 United Kingdom: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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