The Global Urostomy Bags Market is expected to reach $xx MN in 2026 from $xx MN in 2020, at a CAGR of xx% during forecast period.
Market Overview & Dynamics:
A Urostomy or Urinary Diversion is a type of surgical procedure needed when the bladder is not functioning properly. This procedure enables urine to exit the body through a stoma after removal of a diseased or damaged portion of your urinary tract. All urostomy pouches have a drainage tap on the bottom, allowing you to empty the contents of the pouch repeatedly throughout the day.
Rising cases of Bladder cancer globally is the major driver for the market growth.
Along with increasing prevalence of bladder cancer, factors like inflammatory bowel disease, Crohn’s disease and rapidly growing geriatric population which are more prone to acquire these conditions, is contributing to the market augmentation.
As per the GLOBOCAN 2018, bladder cancer was estimated to have 549,000 new cases and 200,000 deaths per year and was ranked 10th among all cancers in the world; it contributed 3.4% to the total cancer burden worldwide. It is estimated that approximately 380000 urostomy surgeries are done each year in the United States. A urostomy pouch typically has a spout or tap at the bottom. This is unique to a pouch which needs to drain urine.
The spout makes it easier to empty urine and is different from drainable pouches used for colostomies and ileostomies. Urostomy bags are easy to clean, store and transport. However, patients having skin allergies to various products and adhesives should consider other appliances with non-adhesive material. This factor might hamper the market growth.
The report has profiled seventeen key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and the report has come up with recommendations for a future hot spot in the APAC region.
Global Urostomy Bags Market Segment Analysis:
The global Urostomy bags market is segmented based on the type and distribution channel. The type segment consists of one-piece pouches and two-piece pouches. The one-piece pouch segment is expected to dominate at a significant pace by xx% during forecast period. Advantages of using one-piece urostomy bags include easy usage, flexible, less bulky, more adaptable to uneven skin and adhesive flange property, which add up to the market growth.
Global Urostomy Bags Market
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Global Urostomy Bags Market Regional Insights:
Global Urostomy Bags Market1
North America is expected to hold a dominant share of xx% during forecast period.
Rising prevalence of bladder cancer in the U.S. is giving rise to more urostomy procedures, which contribute in stimulating the market growth. According to the National Cancer Institute, around 696,440 people were living with bladder cancer in the U.S. in 2014 and the number has been increasing. Europe is expected to hold the second largest share due to rising need for surgeries, increased adoption of drainage bags, advanced healthcare and rising awareness about urinary diseases.
Asia Pacific is expected to become the fastest growing region during forecast period at a CAGR of xx%.
Asia Pacific will command the global market owing to the drivers like improved medical infrastructure, increased healthcare expenditure, medical tourism presence of large target population for example rising demand for these procedures increased awareness, development of innovative and cost-effective solutions, improved standard of living and rise in disposable income. The market is anticipated to experience fast development in demand for Urostomy Bags in emerging countries such as Japan, China, Brazil, India, Indonesia and South Korea over the forecast period.
The report also helps in understanding Global Urostomy Bags dynamics, structure by analyzing the market segments and project the Global Urostomy Bags size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Urostomy Bags make the report investor’s guide.
Global Urostomy Bags Market Scope of the report: Inquire before Buying
Report Coverage Details
Global Urostomy Bags Market2
Global Urostomy Bags Market ,By Region:
• North America
• South America
Global Urostomy Bags Market ,Key Players:
• Marlen Manufacturing
• Cymed Ostomy
• Flexicare Medical
• Hill-Rom Holdings
• NB Products
• Torbot Group
• B. Braun
• Welland medical
• Wujiang Evergreen
• Shandong Steve medical science & technology
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