A newly compiled research report by Fact.MR offers valuable perspectives on the Ostomy Drainage Systems market Sales & Demand and detailed insights pertaining to its growth prospects over the forecast period, 2018-2028.
This Research brings various growth forecasts, key trends, and notable segments ripe for upcoming investments.
Market Overview
Ostomy is a surgical procedure that includes stoma, an artificial opening and is made out of the colon of the human body to dispense body wastes such as mucus, stools and urine. As per the National Institute of Diabetes and Digestive and Kidney Diseases, ostomy can be classified into three types viz. colostomy, ileostomy and urostomy.
Ostomy drainage systems include either plastic or rubber bags/pouches, which collect these wastes. Two types of ostomy drainage systems are available in the market, namely one-piece ostomy drainage systems and two-piece ostomy drainage systems.
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One-piece ostomy drainage systems include a skin barrier and collecting bag as one single unit, whereas two-piece ostomy drainage systems include both, a skin barrier and the collecting bag differently so that the collecting bag can be separated leaving the skin barrier as it is.
According to a report by the University of North Carolina, increasing incidences in the United States for ostomy surgeries can be attributed to the increasing prevalence of colorectal cancer and diverticular disease. Increasing need for ostomy drainage systems in youth and adults for ostomy surgeries is also growing by the day.
Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts to arrive at various estimations and projections for Sales & Demand of Ostomy Drainage Systems, its market share, production footprint, current launches, agreements, ongoing R&D projects, and market strategies.
These study approach a detailed segmental review.
Ostomy Drainage Systems Market: Segmentation
Tentatively, the global ostomy drainage systems market can be segmented on the basis of product type, type of use, end user and geography.
On the basis of product type, the global ostomy drainage systems market has been segmented as,
- Colostomy Ostomy Drainage Systems
- Urostomy Ostomy Drainage Systems
- Ileostomy Ostomy Drainage Systems
On the basis of type of use, the global ostomy drainage systems market has been segmented as,
- Multi-use Ostomy Drainage Systems
- Single-use Ostomy Drainage Systems
On the basis of end user, the global ostomy drainage systems market has been segmented as,
- Healthcare
- Hospitals
- Clinics
- Patient Care Centers
- Homecare
The Ostomy Drainage Systems Sales study analyzes crucial trends that are currently determining the growth of Ostomy Drainage Systems Market.
The Key trends Analysis of Ostomy Drainage Systems also provides dynamics that are responsible for influencing the future Sales and Demand of Ostomy Drainage Systems market.
Company share analysis is used to derive the size of the global Ostomy Drainage Systems market. As well as a revenues of companies for the last several years provides the base for forecasting the market size and its Sales growth rate.
The Survey report highlights the growth factors and entry barriers for the key players and talks about the new trends emerging in the global Ostomy Drainage Systems market.
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Ostomy Drainage Systems Market: Drivers
Increasing prevalence of bladder cancer, colorectal cancer, inflammatory bowel disease, Crohn’s disease and urinary tract cancer, growing elderly population who require ostomy drainage systems, preference among the youth and adults for ostomy drainage systems in ostomy surgeries, improved reimbursement scenario for ostomy and increasing awareness regarding ostomy procedures are expected to be the major factors leading the growth of the ostomy drainage systems market over the period of forecast.
On the other hand, other alternatives for this procedure in the market and the risk of complications such as sore skin, stoma retention, prolapsed stoma, parastomal hernia and food bolus blockage might hinder the ostomy drainage systems market growth over the forecast period.
The report covers following Ostomy Drainage Systems Market insights and assessment that are helpful for all participants involved in market:
- Data on recently introduced regulations and their impact on key industries and on demand in Ostomy Drainage Systems
- Latest industry Analysis on Ostomy Drainage Systems Market , with key analysis of market drivers, trends, and influencing factors
- Key trends Analysis of Ostomy Drainage Systems market and changing consumer preferences in major industries.
- Changing Ostomy Drainage Systems demand and consumption of diverse products
- Major trends underlining funding by key investors in numerous countries
- New investment opportunities in diverse technology and product or service types
- Comprehensive data and Competitive analysis of Ostomy Drainage Systems major players
- Ostomy Drainage Systems market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
- Ostomy Drainage Systems demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth
NOTE: Our team are studying Covid-19 and its impact on the Sales growth of Ostomy Drainage Systems market and where necessary we will consider the Covid-19 footmark for better analysis of the market Demand and industries outlook.
Further, the Ostomy Drainage Systems market Survey report emphasizes the adoption pattern And Demand of Ostomy Drainage Systems Market across various industries.
The report mentions growth parameters in the regional markets.
Ostomy Drainage Systems Market: Regional Outlook
The North America ostomy drainage market is expected to register remarkable growth, owing to the increase in patient awareness, growth in the elderly population, presence of many healthcare vendors and advanced healthcare facilities. The ostomy drainage systems market in Asia Pacific, mainly India and China, is also expected to project a high growth rate over the forecast period.
Increase in the incidences of diseases is leading to an increase in the number of ostomy surgeries. Further, improved healthcare expenditure and favorable reimbursement policies by the government are projected to drive the market growth during the forecast period.
Regional analysis includes
- North America
- Latin America
- Brazil
- Mexico
- Argentina
- Chile
- Peru
- Rest of LATAM
- Europe
- EU – 4 (Germany, France, Italy, Spain)
- K.
- BENELUX (Belgium, Netherlands, Luxemburg)
- NORDIC (Norway, Denmark, Iceland, Sweden)
- Eastern Europe (Poland, Ukraine, Czech Rep., etc.)
- Rest of Europe
- CIS & Russia
- Japan
- APEJ
- Greater China
- India
- Korea
- ASEAN Countries
- Rest of APEJ
- Middle East & Africa
- GCC Countries
- Turkey
- Iran
- Israel
- South Africa
- Rest of MEA
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Ostomy Drainage Systems Market: Overview
In an Ileostomy, the small intestine or the base of the ileum is connected to the stoma or opening. It is a surgical operation used to connect the colon, anus and rectum. A colostomy is when the colon is connected to the stoma, only bypassing the rectum and anus.
A urostomy is when the pipes carrying urine are connected to the stoma helping in bypassing the bladder. The demand for colostomy drainage systems is growing due to the high increase in the number of colorectal cancer cases, which are caused due to diseases in the intestine, genetic disorders and side effects of the treatment.
Healthcare facilities viz. hospitals, patient care centers and clinics are expected to hold major market shares in the ostomy drainage systems market over the homecare sector.
Competitive Landscape Analysis On Ostomy Drainage Systems Market:
In this report, leading market participants involved in the manufacturing of Ostomy Drainage Systems are covered. Analysis regarding their product portfolio, key financials such as market shares and sales, SWOT analysis and key strategies are included in this report.
Some of the key participants in the global Ostomy Drainage Systems Market include :
The major market participants operating in the global ostomy drainage systems market include Hollister Incorporated, Salts Healthcare Limited, ConvaTech Inc., Welland Medical Limited, Coloplast A/S, Pelcin Healthcare Limited, B. Braun Melsungen AG, Attends Healthcare Products, Inc.,
Alcare Co. Limited, Flexicare Medical Limited, Cymed Ostomy Co. and Peak Medical Limited. Companies are focusing on technologically advancing Ostomy drainage systems by providing collection facilities for extended period of time.
After glancing through the report on global Ostomy Drainage Systems market Demand, readers will get valuable insight into the following:
- What opportunity Trends and drivers await the market in the forthcoming years?
- Which of the regions are likely to offer plethora of opportunities for the global Ostomy Drainage Systems market Demand?
- What are the emerging Sales revenue streams for the Ostomy Drainage Systems market?
- What are the business models and technologies with disruptive potential?
- Precise Year-on-Year growth of the Ostomy Drainage Systems market Share?
Analysts at Fact.MR give prominent data on recent technological developments and product developments in the Ostomy Drainage Systems Demand during the assessment period.
A comprehensive estimate on Demand of Ostomy Drainage Systems market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of Ostomy Drainage Systems market.
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