Ostomy Drainage Bags Market Proliferating Opportunities, New Innovation, Development, Application Till 2031

Ostomy Drainage Bags Market Outlook 2031
The global ostomy drainage bags market was valued at US$ 2.6 Bn in 2021

It is estimated to expand at a CAGR of 5.4% from 2022 to 2031

The global ostomy drainage bags market is expected to cross value of US$ 3.6 Bn by the end of 2031

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Overview of Global Ostomy Drainage Bags Market
Increase in geriatric population and surge in incidence of inflammatory bowel disease, Crohn's disease, and colorectal & bladder cancer are projected to drive the global ostomy drainage bags market during the forecast period. An ostomy drainage bag is primarily used to collect urine or stool post-surgery, depending on the type of surgery the patient undergoes. It has various types, including colostomy bags, urostomy bags, ileostomy bags, and ostomy bags. A colostomy bag is known as stoma bag, which is a small waterproof pouch used to collect waste from the body. Ileostomy bag has a similar principle that entails the use of stoma bag, which is termed as an ileostomy bag to differentiate.

Rise in Prevalence of Inflammatory Bowel Disease, Crohn's Disease, Ulcerative Colitis, and Colorectal & Bladder Cancer
According to the World Ageing 2019 study, the world's population of adults aged 65 & above reached 703 million in 2019. In 2050, the number of elderly people is expected to increase to 1.5 billion. The proportion of people aged 65 and above in the global population climbed from 6% in 1990 to 9% in 2019. By 2050, the percentage is expected to increase to 16%. By 2050, one in every six persons on the planet will be aged over 65.

As per the Centers for Disease Control and Prevention, 1.3% of individuals in the U.S. (around 3 million) were diagnosed with IBD in 2015. This was a significant rise over 1999 (0.9 percent or 2 million adults). According to a recent study, the prevalence of IBD increased among Medicare beneficiaries of all races and ethnicities with a higher rate.

Increase in the number of ostomy procedures results in the creation of stomas (openings) for the elimination of body wastes into prosthetics known as ostomy bags outside the body, which drives the demand for ostomy drainage bags.

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Colostomy Bags Segment to Account for Significant Market Share
In terms of type, the global market has been classified into colostomy bags, ileostomy bags, and urostomy bags. In colostomy, the colon is linked with the stoma, thereby bypassing the anus and. A colostomy bag is a small pouch used for closed colostomy procedures. It is used for the collection of waste from a surgically diverted biological system.

Based on use, the global ostomy drainage bags market has been bifurcated into single-use bags and multi-use bags. The two primary types of colostomy bag are disposable and reusable. Disposable bags are more preferred due to advantages such as easy removal & disposal and easy to carry everywhere. Technological advancements in terms of productivity has led to increasing popularity of ostomy bags among ostomates. The sensor included in ostomy bag is a prominent feature that draws customers. This is likely to drive the ostomy drainage bags market in the near future.

Technological Advancements to Drive Global Market
Players in the market focus on diversification of their product portfolios by offering innovative goods and technological improvements to address leaks and skin concerns, which are important factors for ostomy patient readmissions. In August 2017, ConvaTec Group plc, a leading global medical technology company, announced the worldwide launch of the Natura Convex Cut-to-Fit Accordion Flange. The Natura Accordion Flange's intuitive, easy-to-use design reduces abdominal pressure during two-piece pouch insertion. The flange gives a full finger width room in the 'UP' position, making pouch attachment easy and comfortable, especially for those with limited dexterity or sensitive abdomens.

In 2013, 11 Health Ltd., a U.K.-Based firm, created Ostom-i Alert, a sensor-based technology that accurately measures drainage pouch fullness by sensing the bag's external curvature. When the ostomy bags are close to being full, the device warns patients and caregivers by sending messages via Bluetooth to a mobile app, as the bags are prone to overflows and leaks.

Risk of Ostomy Procedure and Discomfort from Carrying External Pouch to Hamper Market
Every surgery carries some level of risk. There are risks associated with ostomy surgery, such as bleeding, damage to nearby organs, skin irritation, and infection. The patient could experience discomfort as a result of an external pouch. Pouch leakage can also cause issues for a patient. These factors act as market restraints.

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Regional Outlook of Global Ostomy Drainage Bags Market
In terms of region, the global ostomy drainage bags market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to be a highly lucrative market for ostomy drainage bags during the forecast period. Increase in availability of patented nanomedical products across the region is a major factor driving the market.

Other factors propelling the market in North America are increase in the incidence of IBD & Crohn's disease, a rapidly aging population, rise in colorectal and bladder cancer, and presence of key players in the region.

Pharmaceutical companies are expected to invest most in Asia Pacific. This is due to the high prevalence of pancreatic and stomach cancers in India and China.

Analysis of Key Players in Global Ostomy Drainage Bags Market
This report profiles major players in the global ostomy drainage bags market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. The global ostomy drainage bags market is quite competitive, with top 10 players accounting for key share of the market, and companies focusing on research & development to produce better pharmaceutical and vaccine products for the existing diseases.

Leading players operating in the global ostomy drainage bags market are Alcare Co. Ltd., B. Braun Melsungen AG, Coloplast A/S, ConvaTec, Inc., Flexicare Medical Ltd., Marlen Manufacturing & Development, Pelcin Healthcare Ltd., Salts Healthcare Ltd., Torbot Group, Inc., Welland Medical Ltd., Prowess Care, and Goodhealth. Inc., among others.

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