Global Ostomy Drainage Bags Market By Product Type (Colostomy Bags, Ileostomy Bags, Urostomy Bags, Continent Ileostomy Bags, Continent Urostomy Bags), Procedure (Colostomy, Urostomy, Ileostomy), Usage (Reusable, Disposable), End User (Hospitals, Clinics, Ambulatory Surgical Centers, Homecare and Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast to 2026
Market Analysis: Global Ostomy Drainage Bags Market
Global ostomy drainage bags market is registering a steady CAGR of 4.5%in the forecast period of 2019-2026. This rise in the market can be attributed to the rise in elderly population, rising incidence of cancer and technical developments in ostomy products.
Market Definition: Global Ostomy Drainage Bags Market
Ostomy is a procedure in which an unusual stomach space in the human body section is produced to prevent body waste, such as sweat, mucus, and stools. Plastic / rubber cans or pockets, recognized as Ostomy sewage containers, are used for the collection of such garbage. There are two kinds of wrapping: one and two-piece machines. One unit mechanism is a skin and a collection bag that must be removed when switching and two-piece systems have a hide and a disposal bag, compared to each unit that left the hide if changed and has left the collection bag.
- Growing elderly population is driving the growth of the market
- Rising incidences of colorectal cancer, lung cancer, urinary tract cancer is contributing to the growth of the market
- Technical developments in ostomy products is propelling the growth of the market
- Growing occurrence of inflammatory bowel disease and Chron's disease is boosting the growth of the market
- Utilization of alternate surgical interventions is hampering the growth of the market
- Absence of awareness of emerging economies is hindering the growth of the market
- Compensation issues are restricting the growth of the market
Segmentation: Global Ostomy Drainage Bags Market
By Product Type
- Colostomy Bags
- Ileostomy Bags
- Urostomy Bags
- Continent Ileostomy Bags
- Continent Urostomy Bags
By End User
- Ambulatory Surgical Centers
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America
- Middle East and Africa
- South Africa
- Rest of Middle East & Africa
Key Developments in the Market:
- In August 2019, UOAA’s 7th National Conference was held on 8 and 9 August, 2019 at Pennsylvania on ‘discover a world of ostomy product’. The conference was visited by ostomy producers, accessories producers, retailers, fashion specialists and associated assistance organizations. Visitors often discover enthusiastic holders and innovators of distinctive ostomy products on side to present their products to you.
- In November 2016, Coloplast acquired Comfort Medical, the U.S. specific-to-consumer national catheter and ostomy supplier. The acquisition has strengthened and enabled the Coloplast's aim to introduce creative products and facilities to the U.S. industry. This will help the company to expand the U.S market share
Global ostomy drainage bags market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of ostomy drainage bags market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major market competitors currently working in the global Ostomy Drainage Bags Market are ConvaTec Inc., Flexicare (Group) Limited, B. Braun Melsungen AG, ALCARE Co., Ltd, Pelican Healthcare Limited, Salts Healthcare Ltd, Welland Medical Limited., Hollister Incorporated, Coloplast, Torbot Group, Inc., Marlen Manufacturing & Development Company, Nu-Hope Laboratories, Inc., Perfect Choice Medical Technologies, Ostomy Products, Prowess Care, Goodhealth Inc.. Romsons, 3M, SimplyMedical.com and Oakmed Healthcare among others.
Research Methodology: Global Ostomy Drainage Bags Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report
- Current and future of global Ostomy Drainage Bags Market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)