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2022
Ostomy Drainage Bags Market

Ostomy Drainage Bags Market

by Type (Colostomy Bags, Ileostomy Bags, Urostomy Bags, Continent Ileostomy Bags, Continent Urostomy Bags): Global Opportunity Analysis and Industry Forecast, 2020-2030

✷  Report Code: A00313
Pages: 171
Mar 2022 | 15730 Views
Author(s) : Swapna S , Onkar S
Tables: 90
Charts: 52
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Ostomy Drainage Bags Market Research, 2030

The global ostomy drainage bags market was valued at $1,658.38 million in 2020, and is projected to reach $2,409.38 million by 2030, growing at a CAGR of 3.8% from 2021 to 2030. Ostomy drainage bag is primarily used to collect urine or stool post-surgery, depending on the surgery type which the patient undergoes. It has different types, including urostomy bags, ileostomy bags, and colostomy bags. A colostomy bag is called as stoma bag, which is a small waterproof pouch used to collect waste from the body. Ileostomy bag has the similar principle that entails the use of stoma bag, which is termed as an ileostomy bag to differentiate. 
Growth of the global ostomy drainage bags market share is majorly driven by increase in prevalence of colorectal cancer cases, inflammatory bowel diseases, and development of new ostomy products by large number of key players. Factor that fuel the growth of the ostomy drainage bags market size is increase in demand for ostomy by geriatric  population.  Ostomy bags are more acceptable among ostomates, owing to advancement in technology in terms of productivity. The sensor embedded in ostomy bags is a major feature that attracts customers, which is expected to fuel the growth of the ostomy drainage bags market size in future. The respective firms associated with ostomy healthcare products have set their positions in the market by launching innovative products and  catering to patients’ needs & comfort. The use of ostomy bags as a life-saving alternative increased its demand among people as it has  features such as skin-friendly, waterproof, unbreakable, and long durability, which propels the demand for ostomy bags. In addition, geriatric population suffering with diabetes and obesity are more prone to colorectal cancer, thus increasing the number of colostomy surgeries per year. This surge in prevalence of colorectal cancer has led to increase in demand for colostomy bags, which enhance the growth of the market.  Furthermore, increase in number of product approvals is expected to provide remunerative opportunities for the expansion, during the global ostomy drainage bags market forecast.

COVID-19 Impact

Coronavirus (COVID-19) was identified in Hubei province of Wuhan city in China in December 2019. The disease is caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), which is transmitted among humans.

After its discovery in Wuhan, the disease rapidly spread to other parts of the globe. Furthermore, this virus causes various symptoms in patients, which range from mild to severe symptoms. The mild symptoms include fever, dry cough, and fatigue. However, severe symptoms include difficulty in breathing or shortness of breath, chest pain or pressure, and loss of speech or movement. Furthermore, the virus has a significant fatality potential in geriatric population. On March 11, 2020, the World Health Organization declared COVID-19 to be pandemic. Furthermore, only a few vaccinations have been granted emergency authorization for COVID-19 prevention. Thus, social distance is regarded as the most significant strategy for limiting the spread of this disease. The COVID-19 outbreak is anticipated to have a negative impact on the global ostomy drainage bags market growth. Due to growth in new patients has been negatively impacted as only the most acute ostomy surgeries have taken place due to COVID-19 with the largest negative impact in the world which affected the ostomy drainage bags market opportunity.

Ostomy drainage bags market segmentation

The ostomy drainage bags market is segmented on the basis of type and region. Depending on type, the market is categorized into colostomy bags, ileostomy bags, urostomy bags, continent ileostomy bags, and continent urostomy bags.

                                                 

Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).

Segment Review

Ostomy Drainage Bags Market
By Type

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Colostomy Bags segment holds a dominant position in 2020 and would continue to maintain the lead over the forecast period.

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By type, the colostomy bags segment dominated the market in 2020, and this trend is expected to continue during the forecast period, owing to increase in R&D activities in the pharmaceutical industry, rise in demand for ostomy bags, and surge in adoption of ostomy products. However, the urostomy bags segment is expected to witness considerable growth of ostomy drainage bags industry during the forecast period, owing to increase in number of colorectal cancer and rise in number of key players for development of ostomy bags.

Ostomy Drainage Bags Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 4.1% during the forecast period.

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By region North America held the major share in the ostomy drainage bags market in 2020, and is expected to continue to dominate the ostomy drainage bags industry during the forecast period, owing to rise in number of life-threatening disorders such as inflammatory bowel disease, presence of key players, development of the healthcare sector, and presence of new ostomy products. However, Asia-Pacific is expected to register the highest CAGR of 4.1% from 2021 to 2030, owing to increase in prevalence of geriatric population and development of healthcare infrastructure.

Ostomy Drainage Bags Market, Ostomy Drainage Bags Market Size, Ostomy Drainage Bags Market Share, Ostomy Drainage Bags Market Analysis, Ostomy Drainage Bags Market Growth, Ostomy Drainage Bags Market Opportunity, Ostomy Drainage Bags Market Trends, Ostomy Drainage Bags Market Forecast

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the ostomy drainage bags market analysis from 2020 to 2030 to identify the prevailing ostomy drainage bags market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the ostomy drainage bags market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global ostomy drainage bags market trends, key players, market segments, application areas, and market growth strategies.

Ostomy Drainage Bags Market Report Highlights

Aspects Details
By Type
  • Colostomy Bags
  • Ileostomy Bags
  • Urostomy Bags
  • Continent Ileostomy Bags
  • Continent Urostomy Bags
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific  (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players ALCARE Co. Ltd., B. Braun Melsungen AG, Coloplast A/s, ConvaTec Inc., Flexicare Ltd, Hollister Incorporated, Oakmed Healthcare, Pelcin Healthcare Ltd., Salts Healthcare Ltd., Welland Medical Ltd.
 

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This section provides opinions of top level CXOs in thesurgical microscope market. According to the insights of CXOs, increase in number of cosmetic surgeries & dental surgeries, surge in incidences of chronic diseases, and advancements in new device launches are all attributed to propel growth of the surgical microscope market.

 

CXOs further added greater consumer awareness &demand for preventive healthcare services, escalating demand for healthcare services from overall population, and new advancements are predicted to broaden surgical microscope clinical applications and increase the number of product approvals. Furthermore, use of surgical microscope by medical professionals contributestoward growth of the market.

 

The market has gained interest of healthcare companies owing to focus on preventive facilities provided to patients who are undergoing critical gynecological surgeries, which are more complex than other health conditions. This has led to increase in utilization of surgical microscope; thus is a great opportunity that further propels growth of the market.

 

North America is expected to witness highest growth, in terms of revenue, owing to rise in geriatric population, presence of key players, and advancements in healthcare investments. Asia-Pacific was the second largest contributor to the market in 2020, and is expected to register fastest CAGR during the forecast period, owing to increase in number of cosmetic surgeries and unmet needs for advanced surgical microscope devices. However, high cost of installation and maintenance restrain the market growth during the forecast period.

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FREQUENTLY ASKED QUESTIONS?

A. The upcoming trends of Ostomy Drainage Bags Market in the world includes rise in incidence of colorectal cancer, bladder cancer, urinary tract cancer, Crohn’s disease, and IBD; growth in geriatric population inclining toward ostomy drainage bags.

A. Bladder cancer, urinary tract cancer, Crohn’s disease are the leading application of Ostomy Drainage Bags Market

A. North America is the largest regional market for Ostomy Drainage Bags

A. the top companies to hold the market share in Ostomy Drainage Bags are ALCARE Co. Ltd., B. Braun Melsungen AG, Coloplast A/s, ConvaTec Inc., Flexicare Ltd., Hollister Incorporated, Oakmed Healthcare, Pelcin Healthcare Ltd., Salts Healthcare Ltd. and Welland Medical Ltd.

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