Ostomy surgery is amongst the life-saving procedures letting bodily waste inclusive of stool and urine to pass through a stoma (surgically performed) on abdomen. The surgery is vital owing to medical conditions inclusive of defects at birth, cancer, inflammatory bowel disease, and incontinence. Plus, it needs to be noted that ostomy surgery is likely to take place at any stage (it is not related to age). Moreover, it doesn’t lower life expectancy but catalyzes business progression.
Though ostomy surgery is devoid of age, those aged 80 and above need ostomy drainage bags in greater progression as their immune system is weaker than the younger folks. Besides, the fact they find it difficult to mobilize can’t be ignored. Persistence Market Research has given a detailed analysis of the facts and figures along with measures to be taken from the future perspective in its latest market study entitled “Ostomy Drainage Bags Market”.
How about Ostomy Drainage Bags Market Segregation?
The global ostomy drainage nags market, by product, spans urostomy drainage bags, ileostomy drainage bags, and colostomy drainage bags. Modality-wise, it’s multi-use and single-use. By end-user, it’s hospitals, clinics, surgical centers, home care settings, diagnostic laboratories, and research and academic institutes. Persistence Market Research has entailed these facts with probable calls to action its latest market study entitled “Ostomy Drainage bags Market”.
How about Region-wise Analysis?
North America holds the largest market share. This could be attributed to growing incidences of Crohn’s Disease and Inflammatory Bowel Disease, growing geriatric population, rising cases of bladder and colorectal cancer, and presence of major players in the area. As per the American College of Gastroenterology, the US witnessed 5-7% of adult population getting diagnosed with irritable bowel syndrome in the year 2019.
Europe stands second on this count. Germany leads from the front. This could be reasoned with complete reimbursement being made available to those needing ostomy drainage bags. The Asia-Pacific is expected to grow at the fastest pace in the ostomy drainage bags market due to growing awareness regarding the same along with growing incidences of urinary, lung, and colon cancer. Persistence Market Research has delved deep into these facts and figures with insights in its latest market study entitled “Ostomy Drainage Bags Market”.
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The Zealous Competition
Persistence Market Research has profiled the key players in the ostomy drainage bags market including Hollister Inc., Alcare Co. Ltd., Coloplast Group, ConvaTec, Inc., B. Braun Melsungen AG, Torbot Group Inc., Flexicare Medical Ltd., Marlen Manufacturing & Development, Pelcin Healthcare Ltd., Salts Healthcare Ltd., Prowess Care, Oakmed Healthcare, and Goodhealth Inc.
Persistence Market Research has also mentioned about the recent course of developments. For instance – Welland Medical, in June 2021, did add to its range of ostomy pouches termed as “Aurum Plus”. The basic objective of this product is to enhance patients’ comfort. Also, Salt Healthcare, in November 2017, did announce launching its novel product “Confidence BE”. It’s a stoma bag made for offering maximum confidence and comfort to the patients.
The global ostomy drainage bags market is poised to account for more than 20% of the overall revenue of healthcare vertical between 2021 and 2031 – Persistence Market Research