Global Ostomy Drainage Bags Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028
“Global Ostomy Drainage Bags Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global ostomy drainage bags market report has been segmented as per product type, end user, and region.
Global Ostomy Drainage Bags Market: Overview
Ostomy drainage bags also called as, ostomy pouching system, is a medical device which is used to remove body wastes including stools, mucus, and urine, and these pouches or bags are made up of rubber or plastic. An ostomy or stoma is a surgical procedure for an opening between the abdominal wall and intestines. There are two‐piece system and one-piece system ostomy drainage bags available in the market. The various types of ostomy drainage bags such as ileostomy bags, urostomy bags, colostomy bags, and others are very popular globally.
Global Ostomy Drainage Bags Market: Dynamics
Increasing prevalence of Inflammatory Bowel Disease (IBD) and ulcerative colitis among geriatric population and rising incidences of chronic diseases, colorectal and prostate cancer globally. These are major factors expected to drive growth of the global ostomy drainage bags market over the forecast period. In addition, increasing aged population resulting in growing demand for ostomy drainage bags across different countries. This is a key factor expected to fuel growth of the target market.
Increasing advancement in the healthcare industry and improving healthcare infrastructure are other factors expected to proliferate growth of the global market. In addition, increasing availability of ostomy drainage bags on the e-commerce platform and growing e-commerce industry in emerging economies are some other factors expected to drive growth of the target market.
Furthermore, increasing market players focus on strategic acquisition and merger activities and rising manufacturers focus on innovative marketing strategies. These are among other factors expected to propel the global market growth in the near future.
However, availability of ostomy alternative surgical procedures is a key factor expected to hamper growth of the target market.
Global Ostomy Drainage Bags Market: Segment Analysis
Rapid adoption of colostomy drainage bags across various countries due to increasing diverticulitis, cancer, hirschsprung's disease, imperforate anus, trauma, other diseases among individuals. Revenue from the colostomy bags segment is expected to account for comparatively higher share in the global ostomy drainage bags market than other product type segments.
Among the end user segments, the hospital segment is expected to register significant share in the global ostomy drainage bags market, owing to increasing number of surgical procedures in hospitals. In addition, high adoption of colostomy bags and urostomy bags among hospitals is another factor support for the growth of this segment.
Global Ostomy Drainage Bags Market: Region Analysis
The North America ostomy drainage bags market accounted for highest revenue share in the global market and is expected to dominate the target market over the forecast period. Well established healthcare infrastructure and high awareness about ostomy drainage bags among patients in countries such as Canada and US in the region. The market in Asia Pacific is expected to register substantial growth in the global market followed by the market in Europe, owing to the increasing prevalence of bladder cancer, colorectal cancer, and urinary tract cancer among geriatric populations in countries in these regions.
Global Ostomy Drainage Bags Market Segmentation:
Segmentation by Product Type:
- Urostomy Bags
- Colostomy Bags
- Ileostomy Bags
- Others (Continent Urostomy Bags and Continent Ileostomy Bags)
Segmentation by End User:
- Ambulatory Surgical Centers
- Home Care Settings
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2017 Estimated Year 2018 Forecast Period 2018–2028 Revenue in US$
- Hollister Incorporated
- Coloplast A/S
- Welland Medical Ltd.
- Pelican Healthcare Ltd.
- Braun Melsungen AG
- Salts Healthcare Ltd.
- ConvaTec Inc.
- ALCARE Co., Ltd.
- Torbot Group Inc.
- Marlen Manufacturing & Development Company
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