San Francisco, 1 October
2018: The Latin
America ostomy care bags market size is expected to reach USD 377.98 million by
2025, according to a new report by Grand View Research, Inc., registering a
6.6% CAGR during the forecast period. Increase in prevalence of chronic
diseases, such as inflammatory bowel disease, colorectal cancer, bladder
cancer, and fecal and urinary continence, is one of the major factors driving
the Latin America ostomy care bags market. Furthermore, rise in geriatric
population in most Latin American countries is anticipated to propel market
growth.
Increase in new product launches and
growing investment by key market players to develop advanced products are among
factors that are likely to positively influence the market. For instance,
Coloplast Group launched SenSura Mio Concave in April 2018, a new range of
ostomy products. These products have an elastic adhesive and star-shaped base
plate, allowing them to comfortably fit curved body profiles.
Growing demand for one piece ostomy pouches
is expected to boost the market. These products are known for being low
profile, which means they are nearly invisible under the clothes. Furthermore,
these pouches are more cost effective as compared to others and the flanges
attached with them are more secure.
Access
Research Report of Latin America Ostomy
Care Bags Market @ www.grandviewresearch.com/industry-analysis/latin-america-ostomy-care-bags-market
Further key findings from the report suggest:
· By application, colostomy held the largest
market share in 2017; ileostomy is expected to witness the fastest growth over
the forecast period
· On the basis of product, the one piece
segment held the dominant share in 2017 and is expected to retain its lead
throughout the forecast period. It is also the fastest growing segment
· Home care settings held the largest revenue
share on the basis of end use in 2017. The others segment, which comprises
ambulatory surgical centers and specialty clinics, is expected to witness the
fastest growth through 2025
· Brazil held the dominant share in the
regional market in 2017; Argentina is expected to witness the highest CAGR of
9.8% over the forecast period
· Key players in this market include
Coloplast Group, Hollister Incorporated, ConvaTec Incorporated, Salts
Healthcare Ltd., and B. Braun Melsungen AG.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the Latin
America ostomy care bags market on the basis of application, product, end use,
and region:
Latin America Ostomy Care Bags Application
Outlook (Revenue, USD Million; Volume, ‘000 Units, 2014 - 2025)
·
Colostomy
·
Ileostomy
·
Urostomy
Latin America Ostomy Care Bags Product
Outlook (Revenue, USD Million; Volume, ‘000 Units, 2014 - 2025)
·
One piece
·
Two piece
Latin America Ostomy Care Bags End-use
Outlook (Revenue, USD Million; Volume, ‘000 Units, 2014 - 2025)
·
Home care settings
·
Hospitals
·
Others
Latin America Ostomy Care Bags Regional
Outlook (Revenue, USD Million; Volume, ‘000 Units, 2014 - 2025)
·
Latin America
o
Brazil
o
Mexico
o
Argentina
o
Peru
o
Chile
o
Colombia
o
Panama
o
Costa Rica
o Ecuador
Access Press Release of
Latin America Ostomy Care Bags Market@ www.grandviewresearch.com/press-release/latin-america-ostomy-care-bags-market-analysis
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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