Asia Pacific Ostomy Drainage Bags Market Overview
In ostomy, an opening is surgically created in the body which is known as a stoma. This opening is created for collecting waste products like mucus, urine, and stool from the intestine and urinary bladder externally. Based on the type of requirements and condition of the patient, an ostomy can be classified as temporary or permanent. Different ostomies are named based on the affected organ, like colostomy, urostomy and ileostomy. The ostomy drainage bags are a medium for waste collection through a surgically diverted biological system.
In the case of closed colostomy procedures, a small pouch known as colostomy bag is used. There are two types of colostomy bags, the re-useable bags and the disposable bags. Disposable bags are preferred over re-useable bags owing to advantages like ease of removing and disposing of these bags and ease of mobility. Colorectal cancer is a leading cause of both permanent and temporary colostomy procedures and permanent ostomy is getting less popular for managing colorectal cancer owing to improvements in surgical methods over the years. With a rise in the usage of colostomy procedures, there is an increasing demand for the use of colostomy bags, thus driving the market over the forecast period.
The Asia Pacific region has immense potential to expand its presence in the ostomy drainage market and register a high CAGR over the forecast period. This progress can be attributed to the increasing prevalence of colorectal cancer in emerging nations like the Philippines, South Korea, Turkey and Indonesia. Existence of favourable government policies and massive investments in the medical device sector in developed economies like Australia and Japan proliferate the market growth.
Key market players include Braun Melsungen AG, Alcare Co. Ltd., Coloplast AS, Flexicare Medical Ltd., ConvaTec Inc., Marlen Manufacturing & Development, Salts Healthcare Ltd., Pelcin Healthcare Ltd., Welland Medical Ltd., Torbot Group Inc.
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Asia Pacific Ostomy Drainage Bags Market Segmentation:
By Type
· Colostomy Bags
· Ileostomy Bags
· Urostomy Bags
· Other Ostomy Bags
By End User
· Hospitals
· Home Care Setups
· Others
By Region
· China
· Japan
· Korea
· India
· Indonesia
· Australia
· Rest of Asia
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Competitive Landscape:
· Tier 1 players- established companies in the market with a major market share
· Tier 2 players
· Emerging players which are growing rapidly
· New Entrants
FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth
Objectives of the Study:
· To provide with an exhaustive analysis on the Asia Pacific ostomy drainage bags market trends by type, by end user and by region
· To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
· To evaluate and forecast micro-markets and the overall market
· To predict the market size, in key countries— China, Japan, Korea, India, Singapore, Indonesia, Australia and rest of Asia
· To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
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