Global Ostomy Drainage Bags Market By Product Type (Colostomy Bags, Ileostomy Bags, Urostomy Bags, Continent Ileostomy Bags and Continent Urostomy Bags), Procedure (Colostomy, Urostomy and Ileostomy), Usage (Reusable and Disposable), System Type (One-piece System and Two-piece System), End User (Hospitals, Clinics, Ambulatory Surgical Centres, Homecare and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses that the ostomy drainage bags market will exhibit a CAGR of around 4.80% for the forecast period of 2021-2028. Rising prevalence of cancer globally, increased focus on research and development proficiencies and on the adoption of advanced healthcare technologies in the ostomy products and rising expenditure on the healthcare infrastructure development especially in the developing economies are the major factors attributable to the growth of ostomy drainage bags market.
From the name itself, it is clear that ostomy drainage bags are used to remove bodily wastes such as urine, mucous and stools. The ostomy drainage bags are the medical devices that are made out of either plastic or rubber. Ostomy is a surgical procedure to draw incision or opening between abdominal wall and intestines.
Upsurge in the prevalence of colorectal cancer, lung cancer, urinary tract cancer globally is one of the major factors fostering the growth of the market. Rising focus on the healthcare technological advancements coupled with ever-rising geriatric population is another market growth determinant. Rising research and development proficiencies by life sciences industry, surge in the innovations in advanced levels of healthcare product offerings, increasing cases of inflammatory bowel disease will further generate lucrative market growth opportunities.
However, existence of alternative surgical options will further derail the market growth rate. Unfavourable reimbursement scenario in the developing and underdeveloped economies will further pose challenges for the market. Dearth of awareness in the backward economies will also hamper the market growth rate.
This ostomy drainage bags market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on ostomy drainage bags market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Ostomy Drainage Bags Market Scope and Market Size
- The ostomy drainage bags market is segmented on the basis of product type, procedure, usage, system type and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- The global ostomy drainage bags market is segmented on the basis of product type into colostomy bags, ileostomy bags, urostomy bags, continent ileostomy bags and continent urostomy bags.
- On the basis of procedure, the ostomy drainage bags market is segmented into colostomy, urostomy and ileostomy.
- On the basis of usage, the ostomy drainage bags market is segmented into reusable and disposable.
- On the basis of system type, the ostomy drainage bags market is segmented into one-piece system and two-piece system.
- The global ostomy drainage bags market is segmented on the basis of end use hospital, clinics, ambulatory surgical centers, homecare and others.
Ostomy Drainage Bags Market Country Level Analysis
The ostomy drainage bags market is analysed and market size insights and trends are provided by country, product type, procedure, usage, system type and end user as referenced above.
The countries covered in the ostomy drainage bags market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the ostomy drainage bags market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is because of the prevailing advanced healthcare technologies and rising cases of cancer. Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period owing to the growing prevalence of inflammatory bowel diseases, ever-rising geriatric population and increased expenditure for the development of healthcare infrastructure.
The country section of the ostomy drainage bags market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The ostomy drainage bags market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for ostomy drainage bags market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the ostomy drainage bags market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Ostomy Drainage Bags Market Share Analysis
The ostomy drainage bags market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ostomy drainage bags market.
The major players covered in the ostomy drainage bags market report are ALCARE Co., Ltd., B. Braun Melsungen AG, Coloplast, ConvaTec Inc., Flexicare (Group) Limited, Pelican Healthcare Limited, 3M, Salts Healthcare Ltd., Hollister Incorporated., Welland Medical Limited., Torbot Group, Inc., Marlen Manufacturing & Development Company., Nu-Hope Laboratories, Inc., Perfect Choice Medical Technologies, Prowess Care, Goodhealth Inc., Romsons, Simply Medical, Oakmed Healthcare and Abbott among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Ostomy Drainage Bags Market
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