Colostomy Bags Market to Grow at 5.89% CAGR Driven by Closed One-Piece System and Online Marketing 2020

Jun 06, 2016, 08:30 ET from ReportsnReports

PUNE, India, June 6, 2016 /PRNewswire/ --

Global colostomy bags market growth is forecast to get a boost with use of closed one-piece colostomy bags as the closed one-piece system has been gaining popularity for use during the management of diseases such as cancer, multiple sclerosis, and irritable bowel syndrome. These closed bags are used by people who have undergone descending or sigmoid colostomy and have harder stool output. In closed one-piece ostomy bags, the bag and the flange together form an inseparable unit and are fixed around the stoma. They are easy to dispose of as the whole unit can be removed. This minimizes the duration and effort required for routine ostomy care. They also help to ease the management of waste in public places and during physical activities.

Complete report on colostomy bags market spread across 63 pages, analyzing 8 major companies and providing 37 data an exhibit is now available at http://www.reportsnreports.com/reports/567380-global-colostomy-bags-market-2016-2020.html.

The analysts forecast global colostomy bags market to grow at a CAGR of 5.89% during the period 2016-2020. A key driver of colostomy bags market growth is the need for stoma care. A rise in the use of colostomy bags has led to the demand for colostomy care accessories for stoma. The spillage of stool onto the stoma, sweating, dislocation of the colostomy bag, and unhygienic conditions can cause localized infections around the stoma resulting in a hard, reddened, and painful area. To prevent the incidence of stoma infections, colostomy care accessories have been developed. For instance, a colostomy belt can be worn with two-piece and convex ostomy bags to help prevent body waste leakage. Colostomy powders and cleaning wipes are used to maintain skin care and keep the area around the stoma dry.

The global colostomy bags market is growing steadily, with the competition among vendors being intense. Vendors offer a wide range of colostomy bags and accessories, which leads them to adopt various marketing strategies such as online marketing and development and use of advanced technologies to manufacture innovative products. These strategies help companies reduce the developmental cost of colostomy products and compete with other vendors. Developing countries such as Brazil, Mexico, China, India, and Russia present significant opportunities for vendors to expand their businesses and increase their market shares.

Global Colostomy Bags Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The report covers the present scenario and the growth prospects of the global colostomy bags market for 2016-2020. To calculate the market size, we consider the revenue generated from the sales of:

Colostomy drainage bags: One-piece and two-piece bag system

Colostomy care accessories: Products for skin protection and cleansing, security and leakage control, odor control, and other such as adhesive removers and pouch liners

Further, the colostomy bags market report states that one challenge that could hamper market growth is the unfavorable reimbursement policies adopted by insurance companies. The following companies are the key players in the global colostomy bags market: B. Braun, Coloplast, ConvaTec, Hollister, Marlen, Oakmed, T G Eakin, and Welland Medical. Other Prominent Vendors in the market are: 3M Company, Alcare, CliniMed, Cymed Ostomy, Flexicare Medical, Genairex, Hill-Rom Holdings, NB Products, and Torbot Group. Order a copy of Global Colostomy bags Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=567380.

Another related report is Global Ostomy Products Market 2015-2019, which forecasts global ostomy products market to grow at a CAGR of 5.49 percent over the period 2015-2019. Growing online sales of ostomy products by vendors is one of the major trends emerging in the market. Companies collaborate with distributors that allow online purchase and free home delivery services to increase their product accessibility to consumers. The elderly population worldwide is more susceptible to developing prostate, bladder, colorectal, gynecologic cancers, and inflammatory bowel diseases. A high volume of ostomy surgeries, therefore, increases the demand for ostomy bags along with ostomy care accessories. Browse complete report @ http://www.reportsnreports.com/reports/366002-global-ostomy-products-market-2015-2019.html.

Explore other new reports on Medical Devices Market @ http://www.reportsnreports.com/market-research/medical-devices/ .

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