The ostomy drainage bags market size is projected to register a significant CAGR of 3.6% during the forecast period, 2021–2028. Growth of the market is attributed to increased incidence of inflammatory bowel illness and chronic disease, rapidly aging population, and increase in colorectal and bladder cancer cases.
An ostomy is a surgically produced hole in the body known as a stoma. It is a surgical hole for the external collection of waste products from the urinary bladder and gut, such as urine, stool, and mucus. An ostomy can be permanent or temporary, depending on the patient's health and needs. Urostomy, colostomy, and ileostomy are examples of ostomies that are named for the organs involved. The ostomy drainage bags collect waste through a biological pathway that has been surgically rerouted. In an ileostomy, the base of the ileum, or small intestine, is connected to the opening, and travels through the anus, colon, and rectum. In colostomy, the colon is connected to the stoma and skips the anus and rectum. In a urostomy, the urine transporting pipes are connected to the stoma, which helps to bypass the bladder. The market is being fueled by the growing geriatric population throughout the world.
Market Trends, Drivers, Restraints, and Opportunities
- Rising geriatric population is projected to fuel the market in the coming years.
- Preference for ostomy surgery in both youths & adults is key factor propelling the market during the forecast period.
- Lack of awareness of emerging economies is expected to impede the market growth.
- The availability of other surgical techniques acts as major challenge that can restrict the market growth in the coming years.
- Rising elderly population and rising prevalence of ulcerative colitis in emerging nations are anticipated to create lucrative opportunities for the market players.
Scope of the Report
The report on the ostomy drainage bags market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
| Attributes | Details |
| Report Title | Ostomy Drainage Bags Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
| Base Year | 2020 |
| Historic Data | 2018–2019 |
| Forecast Period | 2021–2028 |
| Segmentation | Ostomy type (Colostomy Bags, Ileostomy Bags, Urostomy Bags, and Other Ostomy Types), End User (Hospitals, Home care setups, and other end users) |
| Geographical Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
| Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
| Key Players Covered in the Report | Flexicare Medical Ltd, Coloplast, B Braun Melsungen AG, Alcare Co. Ltd, and ConvaTech Inc. |
Market Segment Insights
The colostomy bags segment is projected to hold a major market share
On the basis of ostomy type, the ostomy drainage bags market is segregated into colostomy bags, ileostomy bags, urostomy bags, and other ostomy types. The colostomy bags segment is expected to represent a key share of the market during the forecast period. A colostomy bag is a tiny pouch that is used for colostomy operations that are closed. It is utilized to collect waste from a biological system that has been surgically redirected. Disposable bags are more popular due to a number of advantages, including the ease with which they may be removed and disposed of, as well as their portability. Furthermore, due to the rising frequency of inflammatory bowel diseases, the need for these bags has grown over time (IBD). According to a 2019 research published in lancet gastroenterology & hepatology, the number of people with IBD grew by 851% between 1990 and 2017, from 37 million to over 68 million.
Europe is expected to dominate the market
On the basis of geography, the ostomy drainage bags market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Europe is anticipated to expand at a high CAGR during the forecast period. The expansion of the regional market is aided by the ordinary people's high disposable incomes, which makes it more affordable to undertake the costly ostomy operation. Furthermore, the government's favorable reimbursement rules are driving the market in the area.
The market in Asia-Pacific is expected to grow at a rapid pace. Growing frequency of colorectal cancer in emerging nations such as Indonesia, Turkey, Philippines, and South Korea has been driven the market. Increased expenditures in the medical device sector, as well as the availability of different advantageous reimbursement policies in several developed countries, including Australia and Japan, are boosting the market.
Segments
Segments Covered in the Report
The ostomy drainage bags market has been segmented on the basis of
Ostomy Type
- Colostomy Bags
- Ileostomy Bags
- Urostomy Bags
- Other Ostomy Types
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Flexicare Medical Ltd
- Coloplast AS
- B Braun Melsungen AG
- Alcare Co. Ltd
- ConvaTech Inc.
Competitive Landscape
Key players competing in the Ostomy Drainage Bags market include Flexicare Medical Ltd, Coloplast, B Braun Melsungen AG, Alcare Co. Ltd, and ConvaTech Inc.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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