Global Ostomy Drainage Bags Market Overview:
Ostomy is a surgical procedure in which an artificial opening, known as a stoma, is made from the colon of the human body to eliminate body wastes such as urine, mucus, and stools. Plastic/rubber bags or pouches, known as ostomy drainage bags, are used to collect these wastes. Plastic/rubber cans or pockets, recognized as Ostomy sewage containers are used to collect urine or stool post-surgery, depending on the surgery type which the patient undergoes.. According to the American Cancer Society (ASC) 2017, colorectal cancer is the third most common cancer diagnosed in the U.S., estimating around 97,220 new cases of colon cancer and 43,030 new cases of rectal cancer in the country in 2017. The increasing prevalence of colostomy and rectal cancer would necessitate ostomy procedures, which in turn is expected to drive the growth of the global ostomy drainage bags market.
As per latest study released by AMA Research, the Global Ostomy Drainage Bags market is expected to see growth rate of 3.2% Also, check more such insights on "
Disposable Ostomy Bag Market Share & Industry Growth Analysis".
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
High Growth Market | Asia Pacific |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Incidence of Inflammatory Bowel Disease and Chron's Disease and Rapidly Growing Aging Population
Market Growth Drivers:
Rising Colorectal and Bladder Cancer Cases
Challenges:
Absence of awareness of emerging economies
Restraints:
Reimbursement Issues and Utilization of alternate surgical interventions
Opportunities:
Technical developments in ostomy products and Growing occurrence of inflammatory bowel disease and Chron's disease
Competitive Landscape:
The respective firms associated with ostomy healthcare products have set their positions in the market by launching innovative products meeting patients’ needs and comfort. The demand for ostomy bags as a life-saving opportunity has increased among people as they offer features such as skin-friendliness, waterproof, unbreakable, and long durability, thus affecting the adoption of these bags.
Some of the key players profiled in the report are Welland Medical (United Kingdom), Salts Healthcare (United Kingdom), Coloplast A/S (Denmark), ConvaTec (United Kingdom), Hollister Incorporated (United States), Pelcin Healthcare (United Kingdom), B. Braun Melsungen AG (Germany) and Flexicare Medical (United Kingdom). Analyst at AMA Research see United Kingdom Players to retain maximum share of Global Ostomy Drainage Bags market by 2027. Considering Market by Usage, the sub-segment i.e. Reusable will boost the Ostomy Drainage Bags market. Considering Market by Category, the sub-segment i.e. Single-use Ostomy Drainage Bags will boost the Ostomy Drainage Bags market. Considering Market by Procedure, the sub-segment i.e. Colostomy will boost the Ostomy Drainage Bags market. Considering Market by End User, the sub-segment i.e. Hospitals will boost the Ostomy Drainage Bags market.
Latest Market Insights:
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 the side to present their products to you.
What Can be Explored with the Ostomy Drainage Bags Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Ostomy Drainage Bags Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Ostomy Drainage Bags
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Ostomy Drainage Bags market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Ostomy Drainage Bags market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Ostomy Drainage Bags Manufacturer, Suppliers, Distributors, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.