Colostomy Bags Market: Global Industry Trends, Growth, Share, Size and Forecast Till 2023

1. Global Colostomy Bags Market Report and Forecast Till 2023 Copyright © IMARC Service Pvt Ltd. All Rights Reserved

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3. Report Description and Highlights Report Description Colostomy Bags Market Report By Product (Drainable Stoma Bags and Care Accessories), End User (Retail Pharmacies, Hospitals, Outpatient Clinics, Community Healthcare Centers and Others), Region 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. Market Overview: 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 Crohn’s 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.

4. Report Description and Highlights Report Description • Global Colostomy Bags Market Drivers/Constraints: • Over the years, the rising cases of colorectal cancer and crohn’s 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. • Colostomy Bags Market Segmentation: • Market Segmentation by Product • Drainable Stoma Bags • For more information, click here: https://www.imarcgroup.com/colostomy-bags-market

5. Market Forecast Sample Figure: Global: Colostomy Bags Market Forecast: Sales Value (in Billion US$), 2018-2023

6. Market Segmentation Report Description • Care Accessories • 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. • Market Segmentation by End User • Retail Pharmacies • Hospitals • Outpatient Clinics • Community Healthcare Centers • Others • Based on end-user, the market is classified as retail pharmacies, hospitals, outpatient clinics, community healthcare centers and others. Amongst these, retail pharmacies exhibit a clear dominance in the market. • Market Segmentation by Region • North America • Europe • Asia Pacific

7. Market Segmentation Report Description • Latin America • Middle East and Africa • 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 • Request for a sample report: https://www.imarcgroup.com/request?type=report&id=916&flag=B

8. Regional Segmentation North America Europe Asia- Pacific Middle East and Africa Latin America

9. Market Segmentation Report Description • Oakmed • TG Eakin • Welland Medical • In case you have a very specific customized or specific niche needs, we can work around the scope of work and assist you with the tailor made solution. The topics covered could be technology, markets, competition, pricing trends, P&L analysis, cost analysis, price bench marking or it could also be supplementing you with the weekly or fortnight reports.

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13. Report Description and Highlights Report Description © 2018 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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