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Disposable Ostomy Bags Market (Product Type - One Piece Bag, and Two Piece Bag; Application - Colostomy, Ileostomy, and Urostomy): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : June, 2019

  • Rep Id : HC0540

  • Category : Healthcare & Medical Devices

  • Status : Published

This report provides exclusive insights into the COVID-19 impact on the Disposable Ostomy Bags Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Disposable Ostomy Bags Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Disposable Ostomy Bags Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.

A recent report published by Infinium Global Research on disposable ostomy bags market provides an in-depth analysis of segments and sub-segments in the global as well as regional disposable ostomy bags market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional disposable ostomy bags market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global disposable ostomy bags market. According to the report, the global disposable ostomy bags market is projected to grow at a healthy CAGR over the forecast period of 2019-2025.


Global Disposable Ostomy Bags Market

 

Market Insight

Ostomy is the most common surgical procedure performed on patients suffering from colon diseases. The body parts such as colon, small intestine, bladder, and rectum are treated during ostomy. While the organs are treated, the waste generated in the body must be led out from an alternate procedure. The procedure of letting out the waste is carried out through an opening in created the abdomen known as a stoma. The ostomy bags or pouches are attached to stoma for the drainage of waste from the body. These ostomy bags are generally of two types, namely multi-use ostomy bags and single-use or disposable ostomy bags. The multiple use ostomy bags need to be drained and cleaned before using it again while the disposable ostomy bags are discarded and replaced once they are used.

 

Factors including the increase in geriatric population and subsequent rise in the prevalence of the different types of cancers, ulcerative colitis and IBD are the major drivers for the global disposable ostomy bags market. The medical conditions such as cancer, ulcerative colitis, and IBD are prominent in developed countries, especially in urban areas due to the sedentary lifestyle and eating habits. Moreover, increased expenditure by the key market players for the development of innovative products is expected to boost the growth of the market. Additionally, the rise in the number of initiatives and programs undertaken by the government and NGOs for spreading awareness regarding ostomy and ostomy bags is expected to contribute to the growth of the disposable ostomy bags market. However, the disposable ostomy bags are expensive than the drainable ostomy bags and are required in more quantity as compared to drainable ostomy bags. This makes the disposable ostomy bags uneconomical than the drainable ostomy bags, which is one of the restraining factors for the growth of the global disposable ostomy bags market. Furthermore, increasing awareness about the disposable ostomy bags among the patients in the emerging economies offer the market players with promising opportunities.

 

Regionally, the global disposable ostomy bags market is divided into four regions, including North America, Europe, Asia-Pacific and the Rest of the World. The North American region accounted for the largest share, dominating the global disposable ostomy bags market. The domination of North America is attributed to the large geriatric population, high disposable income and high awareness among the patients about the use of ostomy bags. While Asia-Pacific registered the fastest growth in the global disposable ostomy bags market owing to the large patient pool and increasing government spending on healthcare to improve the infrastructure.

 

Segment Covered

The report on global disposable ostomy bags market covers segments such as product type, and application. On the basis of product type, the sub-markets include one piece bag, and two piece bag. On the basis of application, the sub-markets include colostomy, ileostomy, and urostomy.

 

Companies Profiled:

The report provides profiles of the companies in the market such as ALCARE, B. Braun, Coloplast, ConvaTec, Genairex, Hollister, Marlen, Nu-Hope, Salts Healthcare, Steadlive, Torbot, and Welland.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of disposable ostomy bags market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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