Ostomy Drainage Bags Devices Market is predicted to reach USD 2.6 billion at a CAGR of 4.00% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Ostomy Drainage Bags Devices Market”.


Market Research Future (MRFR) has published a cooked research report on the “Global Ostomy Drainage Bags Devices Market” that contains information from 2018 to 2032.The Ostomy Drainage Bags Devices market is estimated to register a CAGR of 4.00%during the forecast period of 2023 to 2032.


MRFR recognizes the following companies as the key players in the global Ostomy Drainage Bags Devices market— ALCARE Co., Ltd. (Japan), B. Braun Melsungen AG (Germany), Coloplast (Denmark), ConvaTec Inc. (UK), Flexicare (Group) Limited (UK), Pelican Healthcare Limited (UK), 3M (US), Salts Healthcare (UK), Hollister Incorporated. (US), Welland Medical Limited. (UK), Torbot Group, Inc. (US), Marlen Manufacturing & Development Company. (US), Nu-Hope Laboratories, Inc. (US), Perfect Choice Medical Technologies (US), Prowess Care (India), GOOD HEALTH INC. (India), Romsons Group Private Limted (India), Simply Medical (US), Oakmed Healthcare (UK), Abbott (US).


Market Highlights


The global Ostomy Drainage Bags Devices market is accounted to register a CAGR of 4.00% during the forecast period and is estimated to reach USD 2.6 billion by 2032.


Colorectal, bladder, and inflammatory bowel cancers are the most common disorders requiring ostomy surgery. Inflammatory bowel disease (IBD) is also expected to fuel market expansion, as is the surgical removal of a malignant tumor or a portion of the intestines in the treatment of colorectal cancer. Nonetheless, it is anticipated that the challenges associated with ostomy and the rising use of alternative therapies may hinder the market expansion for ostomy drainage bags during the intended time frame. The ostomy drainage bag market may face further challenges in the near future due to variations in reimbursement rates for ostomy goods among developing nations.


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Segment Analysis


The global Ostomy Drainage Bags Devices market has been segmented based Product Type, Procedure, Usage, System Type, and End User.


On the basis of Product Type, the market is segmented into Colostomy Bags, Ileostomy Bags, Urostomy Bags, Continent Ileostomy Bags, and Continent Urostomy Bags. The colostomy bags segment was attributed to holding the largest market share in 2022. This is due to the increase in R&D activity in the pharmaceutical business.


Based on Procedure, the global Ostomy Drainage Bags Devices market has been segmented into Colostomy, Urostomy, and Ileostomy. The urostomy segment was expected to hold the largest market share in 2022. This is due to a growth in the frequency of colorectal cancer cases.


On the basis of Usage, the market is segmented into Reusable, and Disposable. The disposable segment was attributed to holding the largest market share in 2022. Because they are convenient to carry around and quick to remove and dispose of, disposable bags are increasingly used.


Based on System Type, the global Ostomy Drainage Bags Devices market has been segmented into One-piece System, and Two-piece System. The one-piece system segment was expected to hold the largest market share in 2022. This is because those with dexterity concerns or those who want a simpler arrangement may find the one-piece system easier to apply and remove


On the basis of End User, the market is segmented into Hospitals, Clinics, Ambulatory Surgical Centres, Homecare, and Others. The hospitals segment was attributed to holding the largest market share in 2022. This is because of increase in the number of people seeking suitable treatment in hospitals under the supervision of medical professionals.


Regional Analysis


The global Ostomy Drainage Bags Devices market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Ostomy Drainage Bags Devices market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Ostomy Drainage Bags Devices market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Ostomy Drainage Bags Devices market comprises of Middle East, Africa, and Latin America.


The largest market share for Ostomy Drainage Bags Devices was maintained by the North American regional sector. Growing rates of Crohn's disease and inflammatory bowel disease, an aging population that is growing quickly, an increase in colorectal and bladder cancer, and the presence of major market participants in the region are some of the reasons propelling the growth of the market in North America. The North American market for ostomy drainage bags is growing as a result of rising investments in the medical device industry as well as a number of advantageous reimbursement schemes. Therefore, it is anticipated that the aforementioned factors will propel market expansion throughout the projected time.


Moreover, the Europe market has been persistently growing over the forecast period. The impact of domestic tariffs and trade channels is taken into account while offering forecast analysis of the nation data, as there is either intense or little competition from local and domestic brands.


Additionally, because of the increase in inflammatory bowel disease cases, Asia-Pacific is expected to witness a considerable expansion in the ostomy drainage bag market. Furthermore, it is projected that rising healthcare infrastructure development costs and an aging population will fuel the region's ostomy drainage bag market in the years to come.


Furthermore, the rest of the world's Ostomy Drainage Bags Devices market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising research and development activities. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.


Key Findings of the Study



  • The global Ostomy Drainage Bags Devices market is expected to reach USD 2.6 billion by 2032, at a CAGR of 4.00% during the forecast period.

  • The Asia-Pacific region accounted for the fastest-growing global market Because of the increase in inflammatory bowel disease cases.

  • Based on procedure, the urostomy segment was attributed to holding the largest market in 2022.

  • ALCARE Co., Ltd. (Japan), B. Braun Melsungen AG (Germany), Coloplast (Denmark), ConvaTec Inc. (UK), Flexicare (Group) Limited (UK), Pelican Healthcare Limited (UK), 3M (US), Salts Healthcare (UK), Hollister Incorporated. (US), Welland Medical Limited. (UK), Torbot Group, Inc. (US), Marlen Manufacturing & Development Company. (US), Nu-Hope Laboratories, Inc. (US), Perfect Choice Medical Technologies (US), Prowess Care (India), GOOD HEALTH INC. (India), Romsons Group Private Limted (India), Simply Medical (US), Oakmed Healthcare (UK), Abbott (US).

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Pages 128
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