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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.
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Ostomy Drainage Bags Market A recent report published by Allied Market Research states that the global ostomy drainage bags market accounted for $2.7 billion in 2015 and is projected to reach $3.5 billion by 2022, registering a CAGR of 3.6% during the forecast period, 2016-2022. Download the Sample Report @ http://bit.ly/2Zd1ISp The growth of the global ostomy drainage bags market is driven by the surge in occurrence of colorectal cancer, bladder cancer, urinary tract cancer, Crohn’s disease, and inflammatory bowel disease. Additionally, the growth in geriatric population that opts for ostomy drainage bags and rise in preference for ostomy surgery in both youth & adults also supplement market growth. However, the availability of other alternative surgical procedures restrict market growth. Nonetheless, the launch of new ostomy products with desirable features and rapid technological advancements would provide lucrative opportunities to merging market players in the near future. The report segments the global ostomy drainage bags market based on type and geography. By type, the report further segregates the market into colostomy bags, ileostomy bags, urostomy bags, continent ileostomy bags, and continent urostomy bags. In 2015, the colostomy bags segment occupied the largest market share. The colostomy, ileostomy, and urostomy bags segments are expected to generate the highest market revenue during the forecast period. However, the continent urostomy and continent ileostomy bags segments are expected to grow at high CAGR from 2016 to 2022. Regionally, North America dominated the global market, followed by Europe. This is attributed to moderate reimbursement scenarios in these regions. Moreover, Asia-Pacific is projected to exhibit the highest CAGR of 6.7% during the forecast period. Purchase Inquiry @ http://bit.ly/2v4tUJw The report also profiles key players involved in the global ostomy drainage bags market, 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. They have adopted various strategies such as mergers & acquisitions, collaborations, partnerships, and others to gain a strong position in the industry. About us
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain. Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm. Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free: +1-800-792-5285 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1(855)550-5975 help@alliedmarketresearch.com Web: www.alliedmarketresearch.com
