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  • Ostomy Drainage Bags Market Analysis | 2022-2028

    Ostomy Drainage Bags Market Analysis | 2022-2028

    Ostomy Drainage Bags Market Analysis | 2022-2028
    Report code - SR2550 Delivery - 2 Weeks
    Ostomy Drainage Bags Market Size, Share, Trend, Forecast & Growth Opportunit See more...

    “The Ostomy Drainage Bags Market was estimated at US$ 1,661.8 million in 2021 and is expected to grow at a CAGR of 3.6% during 2022-2028 to reach US$ 2,200 million by 2028.”

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    Market Dynamics

    Introduction

    An ostomy drainage bag is a plastic bag used to collect urine or stool. These drainage bags are used by medical professionals after surgery to collect the urine or stool of the patient. The benefits of an ostomy drainage bag include increased skin barrier wear time, ease of emptying, less smell, and leakage prevention.

    Ostomy Drainage Bags Market Report Overview

    Market Size in 2028

    USD 2200 Million

    Market Size in 2021

    USD 1661.8 Million

    Market Growth (2022-2028)

    3.6%

    Forecast Period

    2022-2028

    Base Year of Study

    2021

    Trend Period

    2016-2020

    Market Drivers

    The upscaling of cases of diseases like colorectal cancer cases and inflammatory bowel diseases will raise the demand for ostomy drainage bags. The development of better and more advanced ostomy products will further raise growth prospects for the market. With the rise in the geriatric population, the ostomy drainage bag market is expected to experience ample growth opportunities in the years to come. Additionally, growing knowledge of ostomy bags among patients and healthcare professionals will showcase significant benefits for the market.

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    COVID-19 Impact

    The COVID-19 pandemic increased the demand for ostomy drainage bags as the healthcare bodies were overburdened by patients. Additionally, evolving logistical concerns and the high need to provide efficient treatment forced professionals to choose ostomy drainage bags. However, the market for ostomy drainage bags was negatively affected due to supply chain challenges, which created a demand-supply gap for a notable period. 

    Segments Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Product Type

    Colostomy Bags, Ileostomy Bags, Urostomy Bags, Continent Ileostomy Bags, and Continent Urostomy Bags

    The colostomy bag type segment is leading with the highest market share during the forecast period.

    End-User Type

    Hospitals, Clinics, Ambulatory Surgical Centres, Homecare, and Others

    The hospital segment dominates the market during the forecast period.

    Region Analysis

    North America, Europe, Asia-Pacific, and the Rest of the World

    North America dominates the market during the forecast period.

    By Type

    “The colostomy bags type segment is leading with the highest market share during the forecast period.”

    These bags are widely utilized in ambulatory surgical centers and hospitals. They are mainly used to manage and treat the health condition of patients. The research report by F Marino et al., June 2020, states that the cases of patients with colorectal cancer that require stoma have increased significantly. Additionally, growing advancements in technology will contribute to the growth of the ostomy drainage bags market.

    For instance, P.-A. Lehur et al. accessed the advanced version of a two-piece appliance which involved a base plate and a “capsule cap” (CC). The report was published in the Coloproctology Journal in August 2019. According to the results, the device has significantly enhanced control over bowel emptiness. Therefore, such advancements and the increased benefits of ostomy drainage bags will increase the revenue growth of the market.

    End-User Type

    “The hospital segment will expand significantly, owing to the amplifying use and adoption of technologically advanced products.”

    Hospitals serve these products to a larger population. Moreover, the fact that these bags enhance patient comfort is also driving its demand among end users. Additionally, the growing number of surgeries in hospitals and the rising geriatric population will eventually fuel the growth of the market.

    Regional Analysis

    “North America is expected to lead in the global ostomy drainage bags market during the forecast period.”

    The escalating cases of chronic diseases are accompanied by the growing geriatric population. North America is also home to many manufacturers of ostomy drainage bags, which will, therefore, amplify the product demand in the region.

    Further, the increasing rate of colorectal and bladder cancer will contribute to market growth. As per the analysis by GLOBOCAN data, the United States recorded nearly 155,008 new patients of colorectal cancer in 2020. The same source estimates that there were nearly 25,510 (9.3%) new colorectal cancer cases diagnosed in Canada. Therefore, this raises the demand for ostomy drainage bags for patient support.

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    Key Players

    The global ostomy drainage bags market report analyzes some of the leading industry giants maintaining a strong foothold in the market. The report offers a holistic overview of each company and its product offerings. 

    The following are the key players in the global ostomy drainage bags market (arranged alphabetically).

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

    Note: The above list does not necessarily include all the top players in the market.

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    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the Ostomy Drainage Bags Market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Who are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

    We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Customization Option

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com

    Recent Market News

    • In June 2022, Premier, Inc. granted Coloplast, a leading provider of intimate healthcare products and a global manufacturer of medical devices, an AscenDrive agreement. This national program will significantly standardize the process of providing healthcare while promoting member savings and the highest degree of commitment.

    • In March 2022, Vizient and Coloplast signed a deal, which will extend the firm's reach across hospitals and other healthcare organizations.

    • In March 2022, B. Braun announced its plan to sell its hospital services business. The firm named Grupo Uros will acquire the dialysis centers, which will also involve nearly 230 clinical employees of the company.

    • In March 2021, a contract for ostomy devices with Vizient, Inc. was offered to ConvaTec Inc., a provider of worldwide medical solutions with a focus on therapies for the management of chronic illnesses. The corporation added a further three years to the Ostomy Care contract with Vizient.

    • In June 2021, Welland pulled the veil off its brand-new ostomy pouch range Aurum® Plus. The product comes in a newly shaped flange and is claimed to be extremely comfortable. It is also soft, durable, and water-repellent.

    • In November 2020, Coloplast A/S finalized the deal of acquiring Nine Continents Medical, Inc., an early-stage business that invented an implantable tibial nerve stimulation therapy for overactive bladder, in November 2020.

    Frequently Asked Questions (FAQs)

    An ostomy drainage bag is a plastic bag used to collect urine or stool. These drainage bags are used by medical professionals after surgery to collect the urine or stool of the patient. The benefits of an ostomy drainage bag include increased skin barrier wear time, ease of emptying, less smell, and leakage prevention.

    The Ostomy Drainage Bags Market is expected to grow at a CAGR of 3.6% during 2022-2028.

    Some of the key players analyzed in the global ostomy drainage bags market include: 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 Limited (India), Simply Medical (US), Oakmed Healthcare (UK), Abbott (US), Other Prominent Players.

    The ostomy drainage bags market size is projected to reach US$ 2,200 million by 2028.

    North America is expected to lead in the global ostomy drainage bags market because of the escalating cases of chronic diseases accompanied by the growing geriatric population. North America is also home to a large number of manufacturers of ostomy drainage bags, which will, therefore, amplify the product demand in the region.

    The upscaling of cases of diseases like colorectal cancer cases and inflammatory bowel diseases will raise the demand for ostomy drainage bags. Additionally, the development of better and more advanced ostomy products will further raise growth prospects for the market. With the rise in the geriatric population, the ostomy drainage bag market is expected to experience ample growth opportunities in the years to come.