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.
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.
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.
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.
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.