- The key vendors in the Global Ostomy Products Market 2015-2019 are B.Braun Melsungen AG, Coloplast A/S, ConvaTec Healthcare B. S.a.r.l. and Hollister Inc.
London, 31 March 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Ostomy Products Market 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 Global Ostomy Products market is expected to post a CAGR of 5.49 percent during the forecast period of 2014-2019.
Vendors are developing products that are cost-effective and can be made extensively accessible in the market. Moreover, ostomy care accessories are being developed for patients that can overcome the flaws of ostomy bags usage. Also, the growing popularity of closed and one-piece ostomy bags and increased awareness of colostomy and stoma care management among colostomates lead to a rise in the adoption of colostomy bags and propel the growth of the market.
“Improvements in product design and advances in technology have resulted in the development of ostomy drainage bags with filters that can overcome the complications faced by users,” says Faisal Ghaus, Vice President of Technavio Research.
“Currently, ostomy bags available in the market contain a filtration system that aids in the displacement of gas or air in the bag. This minimizes the gas build-up and ballooning through enhanced air flow.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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