Global Ostomy
Drainage Bags Market, By Product Type (Colostomy Bags, Ileostomy Bags, Urostomy
Bags, Continent Ileostomy Bags, Continent Urostomy Bags), By Procedure
(Colostomy, Urostomy, Ileostomy), By Usage (Reusable, Disposable), By End User
(Hospitals, Clinics, Ambulatory Centers, Homecare and Others) By Geography
(North America, Europe, Asia-Pacific, Europe, South America, Middle East and
Africa) – Industry Trends and Forecast to 2024
The Global
Ostomy Drainage Bags Market accounted to USD 3.1 billion in 2016 growing at
a CAGR of 4.1% during the forecast period of 2017 to 2024. The upcoming market
report contains data for historic years 2015, the base year of calculation is
2016 and the forecast period is 2017 to 2024.
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Ostomy drainage bags are made of plastic or rubber
which are used in ostomy procedures and is attached to the artificial opening
to collect wastes. The bags are available in disposable and reusable types.
Major
market drivers and restraints:
·
Increasing incidences of cancer
and chronic diseases
·
Government initiatives to
create awareness regarding the procedures done for treatment of various
diseases
·
Stringent regulatory framework
·
Alternate surgical procedures
available
·
Weak reimbursement policies
Market
Segmentation:
By product type the market for ostomy
drainage bags is segmented into colostomy bags, ileostomy bags, urostomy bags,
continent ileostomy bags, and continent urostomy bags.
By procedure the ostomy drainage bags
market is segmented into colostomy, urostomy, ileostomy. On the basis of usage
the market is segmented into reusable, and disposable.
On the basis of end-users the ostomy
drainage bags market is segmented into Hospitals, Clinics, ambulatory
centers, homecare and others.
On the basis of geography, ostomy drainage
bags market report covers data points for 28 countries across multiple
geographies such as North America & South America, Europe, Asia-Pacific,
and Middle East & Africa. Some of the major countries covered in this
report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland,
Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi
Arabia, South Africa, and Brazil among others. In 2017, North America is
expected to dominate the market.
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Competitive Analysis:
The ostomy
drainage bags market is highly fragmented and is based on new product launches
and clinical results of products. Hence the major players have used various
strategies such as new product launches, clinical trials, market initiatives,
high expense on research and development, agreements, joint ventures,
partnerships, acquisitions, and others to increase their footprints in this
market. The report includes market shares of mass spectrometry market for
global, Europe, North America, Asia Pacific and South America.
Major Market Competitors:
Some of the
major players operating in ostomy drainage bags market are B Braun Melsungen
AG, Flexicare Medical Ltd., Conva tec, Inc., Coloplast A/S, Alcare Co., Ltd.,
Pelcin Healthcare Ltd., Salts Healthcare Ltd., Hollister, Welland Medical Ltd.,
Cymed Ostomy, Marlen Manufacturing & Development, Torbot Group Inc. among
others.
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