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Ostomy is a surgically created opening, called a stoma, in the body. It is a surgical opening for the collection of waste products, such as urine, stool, and mucus, from urinary bladder and intestine externally. Global ostomy drainage bags market is anticipated to grow at a modest rate during the forecast period (2018-2023). The major factors that are contributing into the growth of the market include growing product innovations and increasing prevalence of colorectal cancer.
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Orion Market Research GLOBAL OSTOMY DRAINAGE BAGS MARKET RESEARCH AND FORECAST, 2018-2023 Global ostomy drainage bags market size, share, market intelligence, company profiles, market trends, growth, strategy, research report, analysis, forecast 2018-2023
DEFINITION Ostomy is a surgically created opening, called a stoma, in the body. It is a surgical opening for the collection of waste products, such as urine, stool, and mucus, from urinary bladder and intestine externally. The major factors that are contributing into the growth of the market include growing product innovations and increasing prevalence of colorectal cancer.
MARKET MOTIVATORS • Product innovations driving the ostomy bags market • Increasing incidence and prevalence of cancer diseases • Growing demand in emerging economies due to urinary incontinence in geriatric population • Prevalence of Crohn’s disease in children and other inflammation
MARKET RESTRAINTS • Lack of awareness in emerging economies • Alternative medical procedures and practices
MARKET OPPORTUNITIES • Untapped APAC region has significant scope for ostomy bags market • Cohesive government policies and regulations
MARKET SEGMENTATION BY USE • Single-Use (Closed-End) • Multi-Use (Drainable)
MARKET SEGMENTATION BY PRODUCT • One-Piece • Two-Piece
MARKET SEGMENTATION BY END USER • Adults • Children
MARKET PLAYERS • B. Braun Medical Inc. • Hollister Inc. • Torbot Group, Inc. • Coloplast Corp. • Alcare Co. Ltd
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