The global ostomy care bag market size was significantly robust in 2022 and is expected to register a steady revenue CAGR over the forecast period. Key factors providing impetus to market revenue growth are colostomy, urostomy, and ileostomy. These surgeries are performed on patients based on severity of their diseases. Ostomy surgeries are performed on patients who have inflammatory bowel diseases (IBD), such as ulcerative colitis or Crohn\’s disease, infection, malfunctioning or blockage of the intestine or urinary tract, intestinal cancer, or any damage to a specific part of the body.
A stoma is a surgically created opening that allows feces to transmit from the urinary system or the intestine. It is made with the help of surgical tools in the lower part of the abdomen to release waste from the digestive tract. The ostomy surgery helps patients to release biological waste through the large or small intestinal wall. During the surgical process, the end opening of intestine is brought to surface of the skin, where an external accessory such as a pouch or bag is placed outside of body.
Request a Sample@ https://www.qyresearchmedical.com/sample/119395
Major Factors Driving Growth Of The Global Ostomy Care Bag Market:
Revenue growth of the global Ostomy Care Bag Market is being fueled by the increasing prevalence of inflammatory bowel disease (IBD), public awareness of ostomy/stoma care, colorectal cancer and the availability of treatment equipment in the market, and fixed reimbursement policies of private and public organizations are the major factors driving the growth of the stoma for ostomy care market. However, the risks associated with surgery, health problems of post-hospital treatment, and pessimistic emotional and mental effects of having a stoma or ostomy are expected to stifle expansion of the global ostomy care bag market.
Factors Restraining Growth of The Global Ostomy Care Bag Market:
The global Ostomy Care Bag Market growth is substantially hampered by several unfavorable factors. The deteriorating socio-economic condition of developing nations, a lack of reimbursement for ostomy care bags, a postoperative severe form of surgery, high risks associated with ostomy surgeries, and an unfavorable mental and emotional influence of ostomy or stoma are expected to stymie the expansion of the stoma for ostomy care market. Moreover, availability of alternatives in the market, as well as a lack of public awareness, are significant barriers to market expansion.
Opportunities For Players Operating in The Global Ostomy Care Bag Market:
The global Ostomy Care Bag Market is projected to expand rapidly during the forecast period. Rising patient consciousness about using ostomy products through education programs is the most important factor driving market growth. Emerging nations can raise reimbursement systems, which can be viewed as a second major factor. Additionally, growing geriatric population, which leads to an increase in population of clients suffering from deficient bladder and colorectal cancer, as well as soaring ostomy surgeries of the bowel, are other key factors that drive the stoma for ostomy care market expansion. With increasing internet retail of ostomy products via the internet, global markets are generating opportunities for growth and the health sector in Asian nations is expected to widen new avenues for stoma/ostomy care market.
Global Ostomy Care Bag Market Revenue Led By Product Type Segment:
The stoma or ostomy market is divided into closed-end bags, drainable bags, and others based on application or usability. The stoma or ostomy market is divided into closed-end bags, drainable bags, and others based on application or usability.
Global Ostomy Care Bag Market Leading Application Segment:
The global stoma as well as ostomy market is divided into hospitals, home care, clinics, and ambulatory surgical centers based on end-user. This segment\’s growth is expected to be driven by an increase in demand for home healthcare services. Home care services guarantee that a patient receives ongoing ostomy care from skilled nurses and that he or she receives proper care. This helps to reduce risk of stoma-related complications, resulting in fewer emergency room visits. Ostomy care at home includes maintaining a healthy stoma as well as changing and unloading ostomy bags. Growing demand for home care and availability of trained nurses in both developed and emerging markets are expected to drive the segment over the forecast period. Because of the lack of ongoing ostomy care, healthcare facilities are less preferred for ostomy care than other health centers.
North America Accounts for Largest Revenue Share in Global Ostomy Care Bag Market:
The United States dominated the North American market, owing to an increase in the prevalence of urinary incontinence and urinary retention, as well as an increasing number of elderly people suffering from bladder problems and diverticular diseases. According to the National Association for Continence, people over the age of 40 are more likely to suffer from Overactive Bladder (OAB) and urinary urgency. Besides that, a few of the key factors expected to drive growth for ostomies is the rising incidence of diverticular disease. In the United States, an increasing number of patients suffering from urologic conditions is expected to drive the market. Furthermore, technological developments in ostomy care products are among the factors responsible for growth. During the forecast period, the market for ostomy care and accessories is expected to be driven by the introduction of efficient and appropriate pouching systems and associated accessories that help to improve quality of life of ostomy patients. Trio Healthcare, for example, has introduced Trio Siltac, a silicone-based ostomy seal. Trio Ostomy Care is sole provider of silicone-based ostomy seals. This product protects the skin around the stoma and helps to prevent leakage. These developments are expected to drive industry growth over the coming years.
Asia-Pacific Continues to Lead in Terms of Revenue CAGR:
In the Ostomy Care Bag Market, the Asia-Pacific region is dominated by China, South Korea, Japan, and India. Asia Pacific is regarded as a developing market for ostomy care due to the region\’s growing patient pool, presence of developing economies, rising health-care expenditure, and constantly rising population.
Major Companies Profiled In The Report:
- Coloplast Corp.
- Braun Melsungen AG
- Hollister Incorporated
- ConvaTec Group Plc
- Welland Medical Ltd.
- Salts Healthcare Ltd.
Strategies And Objectives Of Major Companies:
ConvaTec Inc., a global medical solutions company centered on chronic condition therapies, was awarded a contract for Ostomy products with Vizient, Inc. in March 2021. Vizient\’s Ostomy Care agreement was extended for another three years by the company.
Coloplast A/S completed the acquisition of Nine Continents Medical, Inc., an initial stage company pioneering a surgically implanted tibial nerve stimulation therapies for overactive bladder, in November 2020.
What Our Report Provides And Why Our Offering Is Better:
This report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2023 to 2032. The global market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution by each regional and country market. In addition, the report offers industry analysis and competitive landscape, company financials, and impact analysis. The report includes a detailed view of the global market, along with changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.
Detailed Segmentation in Our Report:
For the purpose of this report, the global Ostomy Care Bag Market is segmented on the basis of product type, application and region:
By Product Type Outlook (Revenue, USD Billion; 2023-2032)
- Seals/Barrier Rings
- Pouch Cover
- Pouch Closures
- Stoma Caps/Hat
By Application Outlook (Revenue, USD Billion; 2023-2032)
- Home Care Settings
Region Outlook (Revenue, USD Billion; 2023-2032)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Buy quantitative research Report at discounted price – USD 1500 https://www.qyresearchmedical.com/report/checkout/119395/1500
You can place an order or ask any questions, please feel free to contact [email protected] | +1 9197 992 333
QYResearch Medical has more than 4000 global well-known customers, covering more than 30 industries including pharmaceuticals, medical technology & devices, healthcare services etc. Company services cover one-stop solution as Data-Analysis-Suggestion-Consulting Implementation. Research regions cover North America, Europe, Latin America, Middle East and Africa, Asia- Pacific.
For Latest Update Follow Us:
URL – http://www.qyresearchmedical.com/