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This year has reportedly been the most profitable year for ostomy companies ever. They have simply sold more ostomy supplies in 2020 than ever before. The understanding of why this has happened can be more complicated that many would originally think. This is a huge industry that seems to be becoming more profitable and the question is that because costs are going up, people with ostomies are increasing, or are people simply buying more ostomy supplies? The reality is that the answer is most likely a little bit of every one of those areas. So let's get into the growing market and talk a little bit about why it's a growing and more profitable market than ever.
Ostomy supplies is a big business as is most medical product sales. The companies involved are massive and they realize that the people who have a stoma actually need and have to have this gear. This gives great advantage for many companies because they know that the market will most likely not shrink. I mean you have an ostomy for life in most cases. So that is a good reason why the market is growing unless it is apart of the baby boomer class which is going to be eventually dying off.
Ostomy supplies is a big business as is most medical product sales. The companies involved are massive and they realize that the people who have a stoma actually need and have to have this gear. This gives great advantage for many companies because they know that the market will most likely not shrink. I mean you have an ostomy for life in most cases. So that is a good reason why the market is growing unless it is apart of the baby boomer class which is going to be eventually dying off.
So the first issue that we run into is are more people having ostomies and is that a reason the industry is growing. The answer is yes, there are simply more procedures happening than ever before. Now that may be a product of an society that is essentially becoming less healthy. The numbers and studies being done are a bit convoluted , but it would seem like the more unhealthy our society gets the more ostomies occur.
The next section that may be causing the market to grow so fast is that demand has skyrocketed this year. The fear of pandemic and the riots of 2020 have brought many sad realities into existence in our country. We now know that supply of medical supplies can simply be stopped due to lack or rule of law or supply of actual products running out. This has caused many to understandably attempt to store more than they currently need. This is not wrong, or evil because they have shown that it is necessary in some locations. I honestly suggest having 3 months supply on hand if things go wrong, but I also suggest you buy it over a extended period of time so as not to affect the supply of these supplies for everyone! Stay safe and listen to the advice of your healthcare provider!
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The next section that may be causing the market to grow so fast is that demand has skyrocketed this year. The fear of pandemic and the riots of 2020 have brought many sad realities into existence in our country. We now know that supply of medical supplies can simply be stopped due to lack or rule of law or supply of actual products running out. This has caused many to understandably attempt to store more than they currently need. This is not wrong, or evil because they have shown that it is necessary in some locations. I honestly suggest having 3 months supply on hand if things go wrong, but I also suggest you buy it over a extended period of time so as not to affect the supply of these supplies for everyone! Stay safe and listen to the advice of your healthcare provider!
Choose this theme to customize and add content to this page.