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Global Ostomy Drainage Bags Market is Expected to Reach USD 2.6 Billion in 2018: Transparency Market Research
Date:11/15/2012

ALBANY, New York, November 15, 2012 /PRNewswire/ --

According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "Ostomy Drainage Bags Market - Global Industry Analysis, Size, Share and Forecast, 2012 - 2018,"the global ostomy drainage bags market was valued at USD 2.1 billion in 2011 and is expected to reach USD 2.6 billion in 2018, growing at a CAGR of 3.4% from 2012 to 2018.

The North American region held majority of the market share at 42.1% in 2011. In Asia Pacific region, India and China holds the fastest growth rate owing to their large population base and economic development that is expected to grow at a CAGR of 8.9% and 6.7% from 2012 to 2018 respectively. Brazil and Mexico identified as emerging nations also hold lucrative future opportunities for the market.

Browse the full report athttp://www.transparencymarketresearch.com/ostomy-drainage-bags-market.html 

The growth of the market is ensured by driving factors such as global aging population and rising prevalence of chronic diseases such as Crohn's disease and Ulcerative Colitis. The rising occurrences of customer awareness programs (World Ostomy Day) coupled with rising healthcare related consumer expenditures and relatively less stringent FDA approval norms as they are 510k exempted class I devices, also act as growth drivers. Economic growth in the Asia Pacific and the Latin American regions serve as future growth opportunities for the market.

Colostomy bags market held majority of the market share in 2011, followed by Ileostomy and urostomy bags market. The colostomy bags
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SOURCE Transparency Market Research
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