Global Ostomy Drainage Bags Market is Expected to Reach USD 2.6 Billion in 2018: Transparency Market Research

Global Ostomy Drainage Bags Market is Expected to Reach USD 2.6 Billion in 2018: Transparency Market Research PR Newswire ALBANY, New York, November 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.