Rising Customer Awareness Programs Boost the Demand for Ostomy Drainage Bags Market

Ostomy Drainage Bags Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast upto 2022 A recently released report from Transparency Market Research (TMR) forecasts that the global ostomy drainage bags market will expand at a CAGR of 4.70% from 2014 to 2022. TMR, a market intelligence firm, states that by 2022, the global ostomy drainage bags market will reach US$2759.5 mn from US$1829.6 mn in 2013.

The report, titled ‘Ostomy Drainage Bags Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022’, is available for sale on the company website.

The rising prevalence of bladder, colorectal, and urinary tract cancer is the foremost factor stoking the growth of the global ostomy drainage bags market. The widening pool of aged population across the globe is also working in favor of the market, since aged people are more susceptible to different types of cancers.

Besides this, the increasing incidence of lifestyle-related disorders is augmenting the demand for ostomy drainage bags.

Moreover, the governments and market participants are organizing ostomy programs to create awareness and educate

people about ostomy and ostomy procedures. Such initiatives are providing a significant boost to the global market.

Browse Full Research Report on Ostomy Drainage Bags Market: http://www.transparencymarketresearch.com/ostomy-drainage-bagsmarket.html

According to this market research report, factors that drive the global ostomy drainage bags market are rapidly growing geriatric population and the rising incidence of ulcerative colitis, IBD, Crohn’s disease, bladder cancer, and colorectal cancer.

Ostomy draining bags refer to prosthetic medical devices that are used for collecting bodily wastes that get excreted after an Ostomy procedure. In this procedure, wastes are diverted from biological systems such as the bladder, ileum, and the colon into an abdominal stoma that is created manually.

Heightened awareness about the Ostomy procedure is another key factor that fuels the demand for ostomy drainage bags.

Greater number of cases of IBD (inflammatory bowel disease) and Crohn’s disease is also a prominent factor propelling the global demand for ostomy drainage bags. This TMR report segments the global ostomy drainage bags market on the basis of types, use, and geography. On the basis of types, this market is

categorized into Urostomy bags, ileostomy bags, colostomy bags, and others.

Owing to factors such as heightened awareness about colostomy, high incidence of colorectal cancer, and a vast range of purchase options for colostomy bags, the colostomy bags segment dominates the global ostomy drainage bags market. The demand for colostomy bags is particularly high in Latin America and Asia Pacific.

Based on uses, the global ostomy drainage bags market is segmented into multi-use Ostomy drainage bags and single-use Ostomy drainage bags. In 2013, the market for multi-use Ostomy drainage bags held the largest share of the overall market. The high incidence of ulcerative colitis and IBD Geographically, this report segments the global ostomy drainage bags market into Asia Pacific, Latin America, Europe, North America, the Middle East, North Africa, and Rest of the World.

In 2013, Europe was the regional leader in the global ostomy drainage bags market because of economic stability and favorable reimbursement policies of the government. However, it is anticipated that the Asia Pacific ostomy drainage bags

market will witness robust growth during the forecast period owing to the rising incidence of colorectal cancer in the region.

The report identifies the following companies in the global ostomy drainage bags market: Welland Medical Ltd., Salts Healthcare Ltd., Pelcin Healthcare Ltd., Hollister Incorporated, ConvaTec Inc., Coloplast A/S, B. Braun Melsungen AG, and Alcare Co Ltd. amongst others.

Browse Full Press Release on Ostomy Drainage Bags Market: Press Release

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