Portland, OR, May 13, 2020 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global skin barrier market generated $868.1 million in 2018, and is estimated to reach $1.19 billion by 2026, registering a CAGR of 4.1% from 2019 to 2026. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenario.
Rise in number of geriatric population across the globe and rise in health issues such as irritable bowel syndrome drive the global skin barrier market. However, shortage of trained professionals hampers the market growth. On the other hand, potential in the healthcare sector in emerging regions creates new opportunities in the coming years.
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Covid-19 scenario:
- The operations have been continued according to the guidance provided by the World Health Organization and the US and European Centers to skin barrier manufacturing companies.
- However, the supply chain of various products has been hampered due to the global lockdown.
The report offers a detailed segmentation of the global skin barrier market based on shape, surgery type, and region.
Based on shape, the flat shaped segment the largest share in 2018, accounting for more than half of the total share, and is expected to maintain its dominant position during the forecast period. Moreover, this segment is estimated to portray the highest CAGR of 4.2% from 2019 to 2026. The report also analyzes the convex shaped segment.
Based on surgery type, the colostomy segment contributed to the highest market share with more than two-fifths of the total share in 2018, and is estimated to maintain its leadership position. In addition, the segment is anticipated to portray the highest CAGR of 4.4% throughout the forecast period. The research also discusses the segments such as ileostomy and urostomy.
Based on region, North America accounted for the highest share based on revenue, holding for more than one-third of the total share in 2018, and is projected to maintain its dominant position throughout the forecast period. However, Asia-Pacific is estimated to portray the fastest CAGR of 4.6% from 2019 to 2026
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Leading market players analyzed in the research include 3M Company, Coloplast Corp., Cymed Ostomy Pouching Systems, Marlen Manufacturing & Development Co., Safe N’ Simple Medical, Braun Melsungen AG, Convatech, Hollister Inc. Nu-Hope Laboratories Inc., and Torbot Group, Inc.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.