Ostomy is a surgery wherein an artificial opening, known as stoma, is created from the colon in the human body to eliminate body wastes such as urine, mucus, and stools, which are collected in artificial bags called ostomy drainage bags. These plastic/rubber bags or pouches are of two types: one-piece system and two-piece systems.
The global 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. Rise in occurrence of colorectal cancer, bladder cancer, urinary tract cancer, Crohn’s disease, inflammatory bowel disease; growth in geriatric population that favor ostomy drainage bags; preference for ostomy surgery in both youths & adults; and technical advancements in ostomy products lead to market growth.
Unstructured reimbursement policies for ostomy products may affect the market growth.
The global ostomy drainage bags market is segmented based on type and geography. By product type, it is divided into colostomy bags, ileostomy bags, urostomy bags, continent ileostomy bags, and continent urostomy bags.
Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the report are Reprogenetics, LLC, Genea Limited, Illumina, Inc., Laboratory Corporation of America Holdings, Natera, Inc., PerkinElmer, Inc., Quest Diagnostics Incorporated, Genesis Genetics Ltd., and Reproductive Genetics Innovations LLC.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides an extensive analysis of the current and emerging trends, and dynamics in the global ostomy drainage bags market through 2014-2022, which assist in identifying the prevailing opportunities.
- Geographically, the market is analyzed based on various regions such as North America, Europe, Asia-Pacific, and LAMEA.
- Comprehensive analysis of factors that drive and restrict the market growth is provided.
- Key players are profiled and their strategies are analyzed thoroughly.
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