Title: Global Colostomy Bags Market Share, Size, Price, Trends And Forecast (2018-2023)
1Global Colostomy Bags Market Catalyzed by
Technological Developments
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3Report Description and Highlights
Report Description
Global Colostomy Bags Market Catalyzed by
Technological Developments At present, the
global colostomy bags market is growing at a
moderate rate. Some of the factors which are
giving boost to the market include rising cases
of bowel cancer, advancements in the technology
and several initiatives undertaken by the
government. Colostomy refers to a surgical
procedure in which a surgeon diverts one end of
the large intestine towards a visible opening,
often known as stoma, on the abdomen of the
patient. The condition of colostomy can be
temporary as well as permanent, depending upon
the severity of the disease. Some of the diseases
that can lead to colostomy are bowel cancer,
obtrusion, ischemia, diverticulitis, IBDs like
Crohns colitis and traumatic injury. For
collecting waste products, a colostomy bag which
physically appears like a small pouch, is placed
over the stoma. The objective of a colostomy bag
is to allow the irritated and inflamed areas of
the colon to heal while the waste is diverted
away through colostomy bags. A new research
report titled Colostomy Bags Market Global
Industry Trends, Share, Size, Growth, Opportunity
and Forecast 2018-2023 by IMARC Group estimates
that the global colostomy bags market was worth
US 1.3 Billion in 2017. The report further
expects the market to cross US 1.8 Billion by
2023, at a projected CAGR of 5.6 over the
forecast period.
4Report Description and Highlights
Report Description
- Global Colostomy Bags Market Drivers/Constraints
- Over the years, the rising cases of colorectal
cancer and crohns diseases worldwide,
particularly in the geriatric population has been
witnessed. This has added to the overall growth
of the global colostomy bags market. - Technological advancements have facilitated the
production of colostomy bags which are durable,
unbreakable, waterproof as well as skin-friendly
in nature. Owing to these properties, the demand
for colostomy bags has augmented worldwide. - Governments of several countries are undertaking
initiatives to create awareness about colostomy
procedures that are done for treating various
diseases, thereby influencing the market growth. - However, the medical risk of skin irritation and
infection due to the constant use of colostomy
bag acts as one of the major factors impeding the
growth of the market. -
- Read more here https//www.imarcgroup.com/colosto
my-bags-market
5Report Description and Highlights
Report Description
Product Insights On the basis of product, the
market is segmented as drainable stoma bags, care
accessories, and others. At present, drainable
stoma bags dominate the market, representing the
most popular product type. End-User In
sights Based on end-user, the market is
classified as retail pharmacies, hospitals,
outpatient clinics, community healthcare centres
and others. Amongst these, retail pharmacies
exhibit a clear dominance in the
market. Request Sample Of The Report
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6Report Description and Highlights
- Regional Insights
- On a geographical front, North America enjoys a
leading position in the global colostomy bags
market, accounting for the largest market share.
North America is followed by Europe, Asia
Pacific, Middle East and Africa, and Latin
America. - Competitive Landscape
- The market is concentrated in nature with four
manufacturers which account for nearly 80 of the
market share. There is a rigid competition in the
market which makes it tough for small players to
enter. Some of the leading players operating in
the market are - Coloplast
- B. Braun
- ConvaTec
- Hollister
- Marlen
- Oakmed
- TG Eakin
- Welland Medical
7Report Description and Highlights
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8Report Description and Highlights
Report Description
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