Increasing prevalence of bladder cancer, colorectal cancer, Crohn’s disease, urinary tract cancer, inflammatory bowel disease and rise in the geriatric population who primarily use ostomy drainage bags are primary factors driving the market. Technological advancements and availability of replacements for ostomy products propel the market further.

However, the availability of various cost-effective surgical procedures may hinder Asia Pacific ostomy drainage bags market growth.

Rise in the Geriatric Population in the Asia Pacific Region Will Significantly Augment the Market Growth

Ileostomy, urostomy and colostomy bags are currently witnessing adoption on a large scale due to the growing geriatric population diagnosed with urinary tract, bladder and colorectal cancer. According to the United Nations Population Fund, by 2050, one in four people will be over the age of 60 in the Asia Pacific region, thus increasing the demand for ostomy drainage bags Furthermore, the demand for ostomy bags is soaring due to its capability of providing comfort to patients and satisfy their needs. Continent urostomy and continent ileostomy are gaining popularity owing to the rising prevalence of diabetes, increasing cases of obesity and occurrence of conditions like incontinence which has boosted the market further.

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.

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

·     Singapore

·     Indonesia

·     Australia

·     Rest of Asia

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 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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