DUBLIN--(BUSINESS WIRE)--The "Colostomy Bags Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The global colostomy bags market reached a value of US$ 1.3 Billion in 2017.
The rising incidences of chronic diseases such as cancer, Crohn's disease and inflammatory bowel syndrome have resulted in increasing the adoption of colostomy procedures, thereby fostering the global colostomy bags market. Additionally, the geriatric population with urinary, colorectal and bladder tract problems prefers colostomy bags to eliminate the leakage. This is anticipated to increase the usage of colostomy bags, in turn, driving the market growth.
Furthermore, various governments are taking initiatives to create awareness regarding colostomy procedures done for the treatment of various diseases, such as colorectal cancer. This will aid in influencing the market growth of colostomy bags worldwide. Moreover, technical advancements have led to the production of colostomy bags which are more durable, skin-friendly, unbreakable and waterproof.
On account of these factors, the market value is projected to exceed US$ 1.8 Billion by 2023, expanding at a CAGR of 5.6% during 2018-2023.
- Based on type, the market has been segmented as drainable stoma bags and care accessories. Currently, drainable stoma bags dominate the market, representing the most popular product type.
- On the basis of end-users, retail pharmacies represent the largest segment. Other major end-users include hospitals, outpatient clinics, community healthcare centers and others.
- Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Global Colostomy Bags Market
6 Market Breakup by Product
7 Market Breakup by End User
8 Market Breakup by Region
9 Colostomy Bags Manufacturing Process
10 Competitive Landscape
- B. Braun
- TG Eakin
- Welland Medical
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