Launch of new ostomy products with desirable features and technological advancements would propel adoption of these products.
Ostomy Drainage Bags Market size was estimated to be $2,742 million in 2015 and is expected to reach $3,524 million, growing at a CAGR of 3.6% from 2016 to 2022. Ostomy is a surgical procedure in which an artificial opening, known as 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. These bags are of two types: one-piece system and two‐piece system. One-piece systems consist of a skin barrier and collection pouch together as a single unit, which when changed has to be removed completely, while two-piece systems include both a skin barrier and collection pouch as different units that when changed leave the skin barrier as it is and the collection pouch is separated.
Rise in occurrence of colorectal cancer, bladder cancer, urinary tract cancer, Crohn’s disease, inflammatory bowel disease; growth in geriatric population that prefer ostomy drainage bags; preference for ostomy surgery in both youths & adults; and technical advancements in ostomy products drive the market growth. The global ostomy drainage bags market is influenced by the availability of reimbursement for ostomy products. However, availability of other alternative surgical procedures hinders this market growth.
Get the PDF brochure of this market study@ https://www.alliedmarketresearch.com/request-sample/408
Launch of new ostomy products with desirable features and technological advancements would propel adoption of these products. says Hemali Narkhede, Manager, Healthcare Research at Allied Market Research. North America was the largest regional market, followed by Europe due to moderate reimbursement scenario in these regions. Asia-Pacific is estimated to grow at the highest CAGR of 6.7% during the forecast period.
Currently, colostomy, ileostomy, and urostomy bags have witnessed large-scale adoption, owing to the increase in geriatric population with colorectal, bladder, and urinary tract cancer. Moreover, rise in advanced technologies that aim to provide patient comfort and need fosters the requirement for ostomy bags. Continent ileostomy and continent urostomy bags are other popular segments due to occurrence of conditions such as incontinence and rise in obesity along with individuals prone to diabetes.
Do Purchase Inquiry@ https://www.alliedmarketresearch.com/purchase-enquiry/408
The significant impacting factors include increase in geriatric population with colorectal cancer, rapid launch of ostomy products with desirable features, technological advancements, and others. The market is influenced by the rise in awareness regarding ostomy drainage bags among people. These factors collectively create opportunities for the market growth, while risks associated with usage of ostomy bags pose limitations in the market. However, each factor would have its definite impact on the market during the forecast period.
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.
Key market players, such as Coloplast A/s, ConvaTec Inc., Hollister Incorporated, Welland Medical Ltd., Salts Healthcare Ltd., Pelcin Healthcare Ltd., ALCARE Co. Ltd., and B. Braun Melsungen AG, are involved in technical advancements that leads to market growth.