Ostomy is a surgery to make an opening or stoma from a locale present in the interior of the body to the exterior. It predominantly treats diseases related to urinary or digestive systems. Ostomy may be permanent or temporary. In some cases an organ must be detached or removed, which is a permanent condition. However, when the organ or the specific part inside the body heals with time, and is not removed, the ostomy is temporary. The organ may be the colon, the small intestine, bladder or rectum. Whenever an ostomy is performed, wastes must be led outside the body through various procedures. This process of draining the wastes out of the body is known as ostomy drainage. The disposal bag used for this process is called ostomy drainage bag. After the ostomy procedure, bowel movements take place through the opening or stoma in the abdominal. This appliance has a bag and wafer. The wafer attaches to the abdominal wall with the help of an adhesive and the material is made of plastic. The primary function of the bag is to retrieve and retain the stool. Ostomy drainage bags are disposable and are replaced or emptied as required.
According to National Institute of Diabetes and Digestive and Kidney Diseases, ostomy is broadly divided into three types - Ileostomy, Colostomy, and Urostomy. In Ileostomy, the base of the ileum or small intestine is attached to the opening or stoma. This goes around the anus, colon, and rectum. In colostomy, the colon is linked with the stoma, thereby bypassing the anus and rectum. In urostomy, the pipes that carry urine are linked to the stoma, which helps in bypassing the bladder.
Increasing awareness about ostomy procedure is one of the key factors that will propel the growth of the ostomy drainage bags market. Moreover, increasing incidence of Crohn’s disease and IBD (inflammatory bowel disease) would further propel growth of market in the foreseeable future.
Ostomy Drainage Bags Market Taxonomy
On the basis of product type, the global market is classified into:
On the basis of type of use, the global market is classified into:
Due to factors such as increased awareness about colostomy, soaring incidence of colorectal cancer, and a variety of buying options for colostomy bags, the colostomy bags segment accounted for the largest share of the overall ostomy drainage bags market. According to American Cancer Society’s estimates, colorectal cancer is the third-most common cancer diagnosed in the U.S., with 95,520 new cases of colon cancer and 39,910 new cases of rectal cancer reported in the country in 2016. Increasing prevalence of colostomy and rectal cancer would necessitate ostomy, which in turn would drive overall growth of the ostomy drainage bags industry.
Growing geriatric population and increasing prevalence of ulcerative colitis creates large addressable market for ostomy drainage bags
In the recent past, prevalence of ulcerative colitis and IBD, especially among the geriatric population has increased significantly. Inflammatory bowel disease is common in developed countries, with higher prevalence in urban areas. Urbanization is a factor that might contribute to the increasing occurrence of the disease. However, with urbanization and rise in per capita income, the healthcare spends also increase proportionately. This will ensure timely and speedy recovery of the patients suffering from IBD and ulcerative colitis; thereby driving growth of the market.
North America held the largest share of the global ostomy drainage bags market, owing to high patient awareness and large geriatric population. However, Asia Pacific is projected to demonstrate high growth rates during the forecast period. India and China are projected to grow significantly in the global market for ostomy drainage bags in the Asia-Pacific region. Chief driving factors for the growth of industry in this region are increasing healthcare expenditure and presence of a large pool of patients.
Some of the companies operating in the ostomy drainage bags market in the current scenario are Salts Healthcare Ltd., Welland Medical Ltd., Pelcin Healthcare Ltd., ConvaTec Inc., Hollister Incorporated, Coloplast A/S, Alcare Co Ltd, and B. Braun Melsungen AG.
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to:
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized firstname.lastname@example.org
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.