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. Further, the increasing geriatric population in Europe and the US with urinary incontinence issues are estimated to fuel the growth of the market during the forecast period. However, there are certain challenges that are affecting the growth of the ostomy drainage bags market across the globe. The presence of alternative surgical procedures is the major factor limiting the growth of the market. Increasing awareness and adoption in the emerging economies of Asia-Pacific region are creating numerous expansion opportunities for the growth of the ostomy drainage bags market.
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Global ostomy drainage bags market is analysed on the basis of the geographical regions that are contributing significantly towards the growth of the market. Geographically, the market is segmented into North America, Europe, Asia Pacific and Rest of the World. North America is estimated to account for major share in the global ostomy drainage bags market owing to increasing incidence of urinary incontinence and better healthcare infrastructure. Asia-Pacific market is estimated to be the fastest growing region during the forecast period owing to growing awareness for ostomy drainage bags and increasing healthcare facilities in emerging economies. The rising prevalence of colorectal cancer in various emerging economies such as Indonesia, Turkey, Philippines, and South Korea, increased investments, various favourable policies of reimbursement in many of the developed nations, like Australia, and Japan are further motivating the growth of the market for ostomy drainage bags market in the region of APAC.
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Global Ostomy Bags Sensor Market Segmentation
By Type
- Colostomy Bags
- Ileostomy Bags
- Urostomy Bags
- J-Pouch
- Continent Bags
By Use
- Single-Use (Closed-End)
- Multi-Use (Drainable)
By End User
- Adults
- Children
By Product
- One-Piece
- Two-Piece
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
