Urostomy is a surgical procedure in which the surgeon took the two end parts of both ureters that originating from the kidney throughout the stomach wall to exit urine. During the procedure, two finale parts of the ureter are cut and diverted toward the stomach wall to make a stoma or hole. A urostomy bag or small pouch is then attached over the hole or stoma to collect urine that would have otherwise passed through the urinary bladder. Urostomy is performed to treat numerous disorders of the urinary tract such as bladder cancer, neurogenic bladder disease, and chronic inflammatory bladder conditions. Provisional urostomy is performed to divert urine from an injured or ailing point of the bladder, for healing. Permanent urostomy is performed when there is a need to permanently remove the bladder. Permanent urostomy is primarily recommended in case of bladder cancer.
Based on product, the global urostomy bags market can be bifurcated into urostomy drainage bags and urostomy care accessories. The urostomy drainage bags segment can be sub-classified into one-piece bags and two-piece bags. The one-piece bags sub-segment is likely to expand at a significant pace during the forecast period, due to adhesive flange property of one-piece bags, which makes these bags easy to handle and comfortable for any kind of skin. Based on distribution channel, the global urostomy bags market can be segmented into hospital pharmacies, online stores, and retail pharmacies. The hospital pharmacies segment is likely to expand at a rapid pace during the forecast period, as urostomy is primarily carried out in hospitals. The rising need for stoma care is a key driver for the urostomy bags market. Rise in the prevalence of bladder cancer is another factor fueling the market. Increase in the prevalence of urinary tract infection across the globe, especially among people aged 60 years and above, has raised the usage of urostomy drainage bags and accessories. Several companies are coming up with urostomy bags with advanced technologies such as one-piece pouching systems and two-piece pouching systems. However, medical risks pertaining to the usage of urostomy bags such as skin irritation are likely to hamper the market in the next few years.
In terms of region, the global urostomy bags market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the global market. The region is projected to hold a significant share of the global market during the forecast period, due to increasing prevalence of bladder cancer, spina bifida, bladder malfunction etc. in the region. According to the National Cancer Institute, around 696,440 people were living with bladder cancer in the U.S. in 2014 and the number has been increasing. Rising need for surgeries, increasing adoption of different types of drainage bags for advanced health care, and rising awareness regarding treatment of urinary diseases are factors that boost the urostomy bags market in Europe. Increase in geriatric population, surge in the number of smokers, and rise in the incidence of bladder cancer in Asia Pacific are likely to propel the urostomy bags market in the region during the forecast period. Advancements in surgeries, increase in per capita income, and rise in the incidence of urinary tract infections are likely to augment the market for urostomy bags in Middle East & Africa during the forecast period.
Major players operating in the global urostomy bags market are Marlen Manufacturing, Alcare, CliniMed, Cymed Ostomy, Flexicare Medical, Genairex, Hill-Rom Holdings, NB Products, Torbot Group, B. Braun, Coloplast, and ConvaTec.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.