Tuesday, 5 December 2017

Global Ostomy Products Market 2018-2022

 

MRC Announces the Publication of its Research Report – Global Ostomy Products Market 2018-2022

MRC recognizes the following companies as the key players in the global ostomy products market: ALCARE, B. Braun Melsungen, Coloplast, ConvaTec, Hollister, and Marlen Manufacturin.

Other Prominent Vendors in the market are: 3M, Colo-Majic, Cymed, Dansac, Flexicare Medical, KEM, Medline Industries, and Melson Medical.

Commenting on the report, an analyst from MRC’s team said: “The latest trend gaining momentum in the market is the growing adoption of closed one-piece ostomy bags will be one of the key trends that will gain traction in the ostomy products market during the next few years. Closed one-piece ostomy bags contain an inseparable unit formed by the container and flange together. These bags can be disposed as one single unit and this minimizes the amount of time and effort required for ostomy care routine. The utilization of these bags will ease the management of waste in social environments and with physical activities and can be used by individuals having a descending or sigmoid colostomy with harder stool output.”
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According to the report, one of the major drivers for this market is rising number of chronic diseases. There is an increase in the prevalence of chronic diseases including colorectal cancer, rectal cancer, bladder cancer, colon infection, and inflammatory bowel diseases in both the developing and developed countries. Developed countries have marginally better survival rate of cancer patients due to the presence of advanced healthcare facilities.

Further, the report states that one of the major factors hindering the growth of this market is high cost of ostomy procedure and products. Based on the need, ostomy procedures are performed to connect to the abdominal wall with intestine or bladder. The surgical intervention can help an individual to lead a normal life; however, the high cost of ostomy procedure, can reduce the adoption of it, which, in turn, can decrease the demand for ostomy products.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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