Global Ostomy Products Market Research Report Share, Growth, Size, Trends and Forecast 2017 - 2022

Ostomy is a surgical practice in which an opening is created by pulling part of a urinary tract or the healthy ending of the large intestine through a cut in the front abdominal wall and stitching it into position. There are three kinds of ostomy which are urostomy, ileostomy, and colostomy. The ostomy opening acts as a path to discharge waste products from the body, which is collected by ostomy pouches. The ostomy pouches are specially designed sacks to collect the body waste and it is attached to the opening created in ostomy procedure.

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These pouches are made of plastic or rubber material. The ostomy pouches are also known as ostomy drainage bags. There are two types of ostomy pouches: two-piece system and one‐piece system. Two-piece systems involve a skin barrier and collecting pouch as separate units, which when exchanged, the collection pouch is separated leaving the skin barrier as it is, while one-piece systems comprise a collection pouch and skin barrier together as one unit that when exchanged, has to be completely removed. Ostomy care products are intended to improve carry time and amend a performance of ostomy pouches. People who have had an ostomy, use these products as per their necessity such to prevent odor, avoid leakage issues and also for supporting ostomy pouches.

The global ostomy products market is expected to witness rapid growth during the forecast period of 2017 to 2022 with substantial compound annual growth rate. Rising ostomy cases amongst the aged population, technological advancements and growing occurrence of gastrointestinal illnesses across the globe are key factors contributing to increased demand for ostomy products. Also, increasing number of campaigns to spread awareness regarding ostomy is likely to boost market demand in emerging nations, thus fuelling the further growth of the ostomy products market.

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Key trends in the ostomy products market contributing to the growth of the global ostomy products market over forecast years are increasing partnerships between manufacturers and distributors, growing market share of domestic players, increasing sales through alternative channels such as the Internet, extensive R&D activities, trimming down operating cost by shifting production to nations where labor cost is low. However, rising pressure to reduce cost and adverse compensation scenario in some developed nations are few restraining factors that might hinder the growth of the global ostomy products market in near future.
The key market players for the global ostomy products market are; 3L Corporation, Coloplast Corp., Salts Healthcare Limited, Genairex, Inc., Stimatix GI Ltd., Hollister Co., Nu-Hope Laboratories, Inc., CliniMed Group, Wuhan Steadlive Medical Apparatus Development Co., Ltd., ConvaTec Group plc, ALCARE Co., Ltd., Flexicare Medical Limited, B. Braun Melsungen AG, Marlen International, Inc. and Torbot Group, Inc. According to type, the market industry is classified into; One Piece Bag and Two Piece Bag. By application, the global market is split into; Ileostomy, Colostomy, and Urostomy. Geographically, the global ostomy products market is segmented into regions which are; Asia-Pacific, Southeast Asia, North America, Europe and rest of the World.

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