Ostomy Drainage Bags Market

Ostomy Drainage Bags Market (Type: Colostomy Bags, Ileostomy Bags, Urostomy Bags, and Others Ostomy Bags; and Use: Single Use and Multi-use) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Ostomy Drainage Bags Market Outlook 2031

  • The global ostomy drainage bags market was valued at US$ 2.6 Bn in 2021
  • It is estimated to expand at a CAGR of 5.4% from 2022 to 2031
  • The global ostomy drainage bags market is expected to cross value of US$ 3.6 Bn by the end of 2031

Analysts’ Viewpoint on Global Ostomy Drainage Bags Market Scenario

The global ostomy drainage bags market is significantly driven by the increase in prevalence of colorectal cancer, inflammatory bowel disorders, advancement in ostomy procedures, and emergence of innovative ostomy products. Increasing number of market players operating in the global ostomy drainage bags and rising geriatric population across the globe are other factors fueling the market growth. However, increased risk associated with the ostomy surgery, along with discomfort from carrying a drainage bag is a key factor expected to hamper the growth of the ostomy drainage bag market. Pouch leakage, bleeding, infection, skin irritation, and infection can occur due to ostomy drainage bags. Competitive players operating in the ostomy drainage bags market are investing in research & development activities to offer better solution and overcome issues associated with leaks and overflows.

>ostomy drainage bags market

Overview of Global Ostomy Drainage Bags Market

Increase in geriatric population and surge in incidence of inflammatory bowel disease, Crohn's disease, and colorectal & bladder cancer are projected to drive the global ostomy drainage bags market during the forecast period. An ostomy drainage bag is primarily used to collect urine or stool post-surgery, depending on the type of surgery the patient undergoes. It has various types, including colostomy bags, urostomy bags, ileostomy bags, and ostomy bags. A colostomy bag is known as stoma bag, which is a small waterproof pouch used to collect waste from the body. Ileostomy bag has a similar principle that entails the use of stoma bag, which is termed as an ileostomy bag to differentiate.

Request a sample to get extensive insights into the Ostomy Drainage Bags Market

Rise in Prevalence of Inflammatory Bowel Disease, Crohn's Disease, Ulcerative Colitis, and Colorectal & Bladder Cancer

According to the World Ageing 2019 study, the world's population of adults aged 65 & above reached 703 million in 2019. In 2050, the number of elderly people is expected to increase to 1.5 billion. The proportion of people aged 65 and above in the global population climbed from 6% in 1990 to 9% in 2019. By 2050, the percentage is expected to increase to 16%. By 2050, one in every six persons on the planet will be aged over 65.

As per the Centers for Disease Control and Prevention, 1.3% of individuals in the U.S. (around 3 million) were diagnosed with IBD in 2015. This was a significant rise over 1999 (0.9 percent or 2 million adults). According to a recent study, the prevalence of IBD increased among Medicare beneficiaries of all races and ethnicities with a higher rate.

Increase in the number of ostomy procedures results in the creation of stomas (openings) for the elimination of body wastes into prosthetics known as ostomy bags outside the body, which drives the demand for ostomy drainage bags.

Colostomy Bags Segment to Account for Significant Market Share

In terms of type, the global market has been classified into colostomy bags, ileostomy bags, and urostomy bags. In colostomy, the colon is linked with the stoma, thereby bypassing the anus and rectum. A colostomy bag is a small pouch used for closed colostomy procedures. It is used for the collection of waste from a surgically diverted biological system.

Based on use, the global ostomy drainage bags market has been bifurcated into single-use bags and multi-use bags. The two primary types of colostomy bag are disposable and reusable. Disposable bags are more preferred due to advantages such as easy removal & disposal and easy to carry everywhere. Technological advancements in terms of productivity has led to increasing popularity of ostomy bags among ostomates. The sensor included in ostomy bag is a prominent feature that draws customers. This is likely to drive the ostomy drainage bags market in the near future.

Request a custom report on Ostomy Drainage Bags Market

Technological Advancements to Drive Global Market

Players in the market focus on diversification of their product portfolios by offering innovative goods and technological improvements to address leaks and skin concerns, which are important factors for ostomy patient readmissions. In August 2017, ConvaTec Group plc, a leading global medical technology company, announced the worldwide launch of the Natura Convex Cut-to-Fit Accordion Flange. The Natura Accordion Flange's intuitive, easy-to-use design reduces abdominal pressure during two-piece pouch insertion. The flange gives a full finger width room in the 'UP' position, making pouch attachment easy and comfortable, especially for those with limited dexterity or sensitive abdomens.

In 2013, 11 Health Ltd., a U.K.-Based firm, created Ostom-i Alert, a sensor-based technology that accurately measures drainage pouch fullness by sensing the bag's external curvature. When the ostomy bags are close to being full, the device warns patients and caregivers by sending messages via Bluetooth to a mobile app, as the bags are prone to overflows and leaks.

Risk of Ostomy Procedure and Discomfort from Carrying External Pouch to Hamper Market

Every surgery carries some level of risk. There are risks associated with ostomy surgery, such as bleeding, damage to nearby organs, skin irritation, and infection. The patient could experience discomfort as a result of an external pouch. Pouch leakage can also cause issues for a patient. These factors act as market restraints.

Regional Outlook of Global Ostomy Drainage Bags Market

In terms of region, the global ostomy drainage bags market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to be a highly lucrative market for ostomy drainage bags during the forecast period. Increase in availability of patented nanomedical products across the region is a major factor driving the market.

Other factors propelling the market in North America are increase in the incidence of IBD & Crohn's disease, a rapidly aging population, rise in colorectal and bladder cancer, and presence of key players in the region.

Pharmaceutical companies are expected to invest most in Asia Pacific. This is due to the high prevalence of pancreatic and stomach cancers in India and China.

Analysis of Key Players in Global Ostomy Drainage Bags Market

This report profiles major players in the global ostomy drainage bags market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. The global ostomy drainage bags market is quite competitive, with top 10 players accounting for key share of the market, and companies focusing on research & development to produce better pharmaceutical and vaccine products for the existing diseases.

Leading players operating in the global ostomy drainage bags market are Alcare Co. Ltd., B. Braun Melsungen AG, Coloplast A/S, ConvaTec, Inc., Flexicare Medical Ltd., Marlen Manufacturing & Development, Pelcin Healthcare Ltd., Salts Healthcare Ltd., Torbot Group, Inc., Welland Medical Ltd., Prowess Care, and Goodhealth. Inc., among others.

Key Developments of Global Ostomy Drainage Bags Market

Key players in the global ostomy drainage bags market are engaged in regulatory approvals, technologically advanced products, launch of new products, and acquisition & collaborative agreements with other companies. These strategies are likely to fuel the growth of the global ostomy drainage bags market. A few strategies adopted by players operating in the global ostomy drainage bags market are:

  • In June 2021, Welland Medical announced launch of new ostomy pouch range Aurum Plus. The pouch range is available in closed, drainable, and urostomy in various sizes. It offers ostomates greater comfort, choice, and confidence.
  • In August 2017, ConvaTec Group plc, a leading global medical technology company, announced the global launch of the Natura. The Natura Accordion Flange's intuitive, easy-to-use design reduces abdominal pressure during two-piece pouch insertion. The flange gives a full finger width room in the 'UP' position, making pouch attachment easy and comfortable, especially for those with limited dexterity or sensitive abdomen.
  • In November 2013, 11 Health, a company based in the U.K., established an innovative sensor-based technology called Ostom-i Alert to help warn patients when their ostomy bags are full so they can empty them without risking an overflow

Global Ostomy Drainage Bags Market Snapshot

Attribute Detail
Market Size Value in 2020 US$ 2.6 Bn
Market Forecast Value in 2031 US$ 3.6 Bn
Growth Rate (CAGR) 5.4%
Forecast Period 2022-2031
Historical Data Available for 2017-2020
Quantitative Units US$ Mn for Value
Market Analysis It includes cross segment analysis at global as well as regional level. Moreover, qualitative analysis includes drivers, restraints, opportunities, key trends, and parent industry overview.
Competition Landscape
  • Market share analysis by company (2020)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials
Format Electronic (PDF) + Excel
Market Segmentation
  • Type
    • Colostomy Bags
    • Ileostomy Bags
    • Urostomy Bags
    • Others Ostomy Bags
  • Use
    • Single Use
    • Multi-use
Regions Covered
  • North America
  • Latin America
  • Europe
  • Latin America
  • Middle East & Africa
Countries Covered
  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • China
  • India
  • Japan
  • Australia & New Zealand
  • Brazil
  • Mexico
  • GCC Countries
  • South Africa
Companies Profiled
  • Alcare Co. Ltd.
  • B. Braun Melsungen AG
  • Coloplast A/S
  • ConvaTec, Inc.
  • Flexicare Medical Ltd.
  • Marlen Manufacturing & Development
  • Pelcin Healthcare Ltd.
  • Salts Healthcare Ltd.
  • Torbot Group, Inc.
  • Welland Medical Ltd.
  • Prowess Care
  • Goodhealth, Inc.
  • other prominent players
Customization Scope Available upon request
Pricing Available upon request

Frequently Asked Questions

How big was the global ostomy drainage bags market in 2021?

The global ostomy drainage bags market was valued at US$ 2.6 Bn in 2021.

How big will be the ostomy drainage bags market in 2031?

The global ostomy drainage bags market will surpass US$ 3.6 Bn by 2031.

What is the CAGR of global ostomy drainage bags market during the forecast period?

The global ostomy drainage bags market is anticipated to record a CAGR of 5.4% from 2022 to 2031.

What are the prominent trends impacting market growth?

Rise in prevalence of geriatric population and inflammatory bowel diseases.

Which region held key market share during the forecast period?

North America is expected to be a potential revenue generator for vendors during the forecast period.

Who are the prominent players in global ostomy drainage bags market?

Prominent players in the global ostomy drainage bags market are Alcare Co. Ltd, B. Braun Melsungen AG, Coloplast A/S, ConvaTec Inc, Flexicare Medical Ltd, Marlen Manufacturing & Development, Pelcin Healthcare Ltd, Salts Healthcare Ltd, Torbot Group Inc, Welland Medical Ltd, Prowess Care, Goodhealth Inc., etc.

    1. Preface

        1.1. Market Definition and Scope

        1.2. Market Segmentation

        1.3. Key Research Objectives

        1.4. Research Highlights

    2. Assumptions and Research Methodology

    3. Executive Summary: Global Ostomy Drainage Bags Market

    4. Market Overview

        4.1. Introduction

            4.1.1. Definition

            4.1.2. Industry Evolution / Developments

        4.2. Overview

        4.3. Market Dynamics

            4.3.1. Drivers

            4.3.2. Restraints

            4.3.3. Opportunities

        4.4. Global Ostomy Drainage Bags Market Analysis and Forecast, 2017-2031

    5. Key Insights

        5.1. Value Chain Analysis

        5.2. Regulatory Scenario by Region/globally

        5.3. Event Impact Analysis

        5.4. COVID-19 Impact Analysis

    6. Global Ostomy Drainage Bags Market Analysis and Forecast, By Type

        6.1. Introduction & Definition

        6.2. Key Findings / Developments

        6.3. Market Value Forecast, by Type, 2017-2031

            6.3.1. Colostomy Bags

            6.3.2. Ileostomy Bags

            6.3.3. Urostomy Bags

            6.3.4. Others ostomy bags

        6.4. Market Attractiveness Analysis, By Type

    7. Global Ostomy Drainage Bags Market Analysis and Forecast, By Use

        7.1. Introduction & Definition

        7.2. Key Findings / Developments

        7.3. Market Value Forecast, by Use, 2017-2031

            7.3.1. Single Use

            7.3.2. Multi-Use

        7.4. Market Attractiveness Analysis, By Use

    8. Global Ostomy Drainage Bags Market Analysis and Forecast, By Region

        8.1. Key Findings

        8.2. Market Value Forecast, by Region

            8.2.1. North America

            8.2.2. Europe

            8.2.3. Asia Pacific

            8.2.4. Latin America

            8.2.5. Middle East & Africa

        8.3. Market Attractiveness Analysis, By Region

    9. North America Ostomy Drainage Bags Market Analysis and Forecast

        9.1. Introduction

            9.1.1. Key Findings

        9.2. Market Value Forecast, by Type, 2017-2031

            9.2.1. Colostomy Bags

            9.2.2. Ileostomy Bags

            9.2.3. Urostomy Bags

            9.2.4. Others Ostomy bags

        9.3. Market Value Forecast, by Use, 2017-2031

            9.3.1. Single Use

            9.3.2. Multi-Use

        9.4. Market Value Forecast, by Country, 2017-2031

            9.4.1. U.S.

            9.4.2. Canada

        9.5. Market Attractiveness Analysis

            9.5.1. By Type

            9.5.2. By Use

            9.5.3. By Country

    10. Europe Ostomy Drainage Bags Market Analysis and Forecast

        10.1. Introduction

            10.1.1. Key Findings

        10.2. Market Value Forecast, by Type, 2017-2031

            10.2.1. Colostomy Bags

            10.2.2. Ileostomy Bags

            10.2.3. Urostomy Bags

            10.2.4. Others Ostomy bags

        10.3. Market Value Forecast, by Use, 2017-2031

            10.3.1. Single Use

            10.3.2. Multi-Use

        10.4. Market Value Forecast, by Country/Sub-region, 2017-2031

            10.4.1. Germany

            10.4.2. U.K.

            10.4.3. France

            10.4.4. Italy

            10.4.5. Spain

            10.4.6. Rest of Europe

        10.5. Market Attractiveness Analysis

            10.5.1. By Type

            10.5.2. By Use

            10.5.3. By Country/Sub-region

    11. Asia Pacific Ostomy Drainage Bags Market Analysis and Forecast

        11.1. Introduction

            11.1.1. Key Findings

        11.2. Market Value Forecast, by Type, 2017-2031

            11.2.1. Colostomy Bags

            11.2.2. Ileostomy Bags

            11.2.3. Urostomy Bags

            11.2.4. Others Ostomy bags

        11.3. Market Value Forecast, by Use, 2017-2031

            11.3.1. Single Use

            11.3.2. Multi-Use

        11.4. Market Value Forecast, by Country/Sub-region, 2017-2031

            11.4.1. China

            11.4.2. Japan

            11.4.3. India

            11.4.4. Australia & New Zealand

            11.4.5. Rest of Asia Pacific

        11.5. Market Attractiveness Analysis

            11.5.1. By Type

            11.5.2. By Use

            11.5.3. By Country/Sub-region

    12. Latin America Ostomy Drainage Bags Market Analysis and Forecast

        12.1. Introduction

            12.1.1. Key Findings

        12.2. Market Value Forecast, by Type, 2017-2031

            12.2.1. Colostomy Bags

            12.2.2. Ileostomy Bags

            12.2.3. Urostomy Bags

            12.2.4. Others Ostomy bags

        12.3. Market Value Forecast, by Use, 2017-2031

            12.3.1. Single Use

            12.3.2. Multi-Use

        12.4. Market Value Forecast, by Country/Sub-region, 2017-2031

            12.4.1. Brazil

            12.4.2. Mexico

            12.4.3. Rest of Latin America

        12.5. Market Attractiveness Analysis

            12.5.1. By Type

            12.5.2. By Use

            12.5.3. By Country/Sub-region

    13. Middle East & Africa Ostomy Drainage Bags Market Analysis and Forecast

        13.1. Introduction

            13.1.1. Key Findings

        13.2. Market Value Forecast, by Type, 2017-2031

            13.2.1. Colostomy Bags

            13.2.2. Ileostomy Bags

            13.2.3. Urostomy Bags

            13.2.4. Others Ostomy bags

        13.3. Market Value Forecast, by Use, 2017-2031

            13.3.1. Single Use

            13.3.2. Multi-Use

        13.4. Market Value Forecast, by Country/Sub-region, 2017-2031

            13.4.1. GCC Countries

            13.4.2. South Africa

            13.4.3. Rest of Middle East & Africa

        13.5. Market Attractiveness Analysis

            13.5.1. By Type

            13.5.2. By Use

            13.5.3. By Country/Sub-region

    14. Competition Landscape

        14.1. Market Player - Competition Matrix (by tier and size of companies)

        14.2. Market Share Analysis, by Company, 2021

        14.3. Company Profiles

            14.3.1. Alcare Co. Ltd.

                14.3.1.1. Company Overview (HQ, Business Segments, Employee Strength)

                14.3.1.2. Financial Analysis

                14.3.1.3. Growth Strategies

                14.3.1.4. SWOT Analysis

            14.3.2. B. Braun Melsungen AG

                14.3.2.1. Company Overview (HQ, Business Segments, Employee Strength)

                14.3.2.2. Financial Analysis

                14.3.2.3. Growth Strategies

                14.3.2.4. SWOT Analysis

            14.3.3. Coloplast A/S

                14.3.3.1. Company Overview (HQ, Business Segments, Employee Strength)

                14.3.3.2. Financial Analysis

                14.3.3.3. Growth Strategies

                14.3.3.4. SWOT Analysis

            14.3.4. ConvaTec, Inc.

                14.3.4.1. Company Overview (HQ, Business Segments, Employee Strength)

                14.3.4.2. Financial Analysis

                14.3.4.3. Growth Strategies

                14.3.4.4. SWOT Analysis

            14.3.5. Flexicare Medical Ltd.

                14.3.5.1. Company Overview (HQ, Business Segments, Employee Strength)

                14.3.5.2. Financial Analysis

                14.3.5.3. Growth Strategies

                14.3.5.4. SWOT Analysis

            14.3.6. Marlen Manufacturing & Development

                14.3.6.1. Company Overview (HQ, Business Segments, Employee Strength)

                14.3.6.2. Financial Analysis

                14.3.6.3. Growth Strategies

                14.3.6.4. SWOT Analysis

            14.3.7. Pelcin Healthcare Ltd.

                14.3.7.1. Company Overview (HQ, Business Segments, Employee Strength)

                14.3.7.2. Financial Analysis

                14.3.7.3. Growth Strategies

                14.3.7.4. SWOT Analysis

            14.3.8. Salts Healthcare Ltd.

                14.3.8.1. Company Overview (HQ, Business Segments, Employee Strength)

                14.3.8.2. Financial Analysis

                14.3.8.3. Growth Strategies

                14.3.8.4. SWOT Analysis

            14.3.9. Torbot Group, Inc.

                14.3.9.1. Company Overview (HQ, Business Segments, Employee Strength)

                14.3.9.2. Financial Analysis

                14.3.9.3. Growth Strategies

                14.3.9.4. SWOT Analysis

            14.3.10. Welland Medical Ltd.

                14.3.10.1. Company Overview (HQ, Business Segments, Employee Strength)

                14.3.10.2. Financial Analysis

                14.3.10.3. Growth Strategies

                14.3.10.4. SWOT Analysis

            14.3.11. Prowess Care

                14.3.11.1. Company Overview (HQ, Business Segments, Employee Strength)

                14.3.11.2. Financial Analysis

                14.3.11.3. Growth Strategies

                14.3.11.4. SWOT Analysis

            14.3.12. Goodhealth, Inc.

                14.3.12.1. Company Overview (HQ, Business Segments, Employee Strength)

                14.3.12.2. Financial Analysis

                14.3.12.3. Growth Strategies

                14.3.12.4. SWOT Analysis

    List of Tables

    Table 01: Global Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Type, 2017-2031

    Table 02: Global Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Use, 2017-2031

    Table 03: Global Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Region, 2017-2031

    Table 04: North America Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Country, 2017-2031

    Table 05: North America Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Type, 2017-2031

    Table 06: North America Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Use, 2017-2031

    Table 07: Europe Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2031

    Table 08: Europe Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Type, 2017-2031

    Table 09: Europe Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Use, 2017-2031

    Table 10: Asia Pacific Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2031

    Table 11: Asia Pacific Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Type, 2017-2031

    Table 12: Asia Pacific Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Use, 2017-2031

    Table 13: Latin America Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2031

    Table 14: Latin America Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Type, 2017-2031

    Table 15: Latin America Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Use, 2017-2031

    Table 16: Middle East & Africa Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2031

    Table 17: Middle East & Africa Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Type, 2017-2031

    Table 18: Middle East & Africa Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Use, 2017-2031

    List of Figures

    Figure 01: Global Ostomy Drainage Bags Market Value Share Analysis, by Type, 2021-2031

    Figure 02: Global Ostomy Drainage Bags Market Attractiveness Analysis, by Use, 2017-2031

    Figure 03: North America Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Type 2017-2031

    Figure 04: North America Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Use 2017-2031

    Figure 05: North America Ostomy Drainage Bags Market Value Share Analysis, by Country, 2021 and 2031

    Figure 06: North America Ostomy Drainage Bags Market Attractiveness Analysis, by Country, 2021-2031

    Figure 07: Europe Ostomy Drainage Bags Market Value (US$ Mn) Forecast, 2017-2031

    Figure 08: Europe Ostomy Drainage Bags Market Value Share Analysis, by Country/Sub-region, 2021 and 2028

    Figure 09: Europe Ostomy Drainage Bags Market Attractiveness Analysis, by Country/Sub-region, 2021-2028

    Figure 10: Europe Ostomy Drainage Bags Market Value Share Analysis, by Type, 2021-2028

    Figure 11: Europe Ostomy Drainage Bags Market Attractiveness Analysis, by Use, 2021-2028

    Figure 12: Asia Pacific Ostomy Drainage Bags Market Value (US$ Mn) Forecast, 2017-2031

    Figure 13: Asia Pacific Ostomy Drainage Bags Market Value Share Analysis, by Country/Sub-region, 2021 and 2028

    Figure 14: Asia Pacific Ostomy Drainage Bags Market Attractiveness Analysis, by Country/Sub-region, 2021-2028

    Figure 15: Asia Pacific Ostomy Drainage Bags Market Value Share Analysis, by Type, 2021-2031

    Figure 16: Asia Pacific Ostomy Drainage Bags Market Attractiveness Analysis, by use, 2021-2031

    Figure 17: Latin America Ostomy Drainage Bags Market Value Share Analysis, by Country/Sub-region, 2021 and 2031

    Figure 18: Latin America Ostomy Drainage Bags Market Attractiveness Analysis, by Country/Sub-region, 2021-2031

    Figure 19: Latin America Ostomy Drainage Bags Market Attractiveness Analysis, by Type, 2021-2031

    Figure 20: Latin America Ostomy Drainage Bags Market Attractiveness Analysis, by Use, 2021-2031

    Figure 21: Middle East & Africa Ostomy Drainage Bags Market Value Share Analysis, by Country/Sub-region, 2021 and 2031

    Figure 22: Middle East & Africa Ostomy Drainage Bags Market Attractiveness Analysis, by Country/Sub-region, 2021-2031

    Figure 23: Middle East & Africa Ostomy Drainage Bags Market Attractiveness Analysis, by type, 2021-2031

    Figure 24: Middle East & Africa Ostomy Drainage Bags Market Attractiveness Analysis, by Use, 2021-2031

Copyright © Transparency Market Research, Inc. All Rights reserved