openPR Logo
Press release

The Subsequent Upcoming Years To See The Ostomy Drainage Bags Market Grow On A Grand Note

09-29-2022 06:36 PM CET | Health & Medicine

Press release from: Persistence Market Research

As per Persistence Market Research's latest industry analysis, the global ostomy drainage bags market was valued at US$ 1.57 Bn in 2020, and is expected to exhibit a CAGR of around 3.5% over the forecast period (2021-2031).

Ostomy drainage bags are useful for patients who suffer from chronic diseases such as irritable bowel syndrome, colorectal cancer, ulcerative colitis, Crohn's disease, diverticulitis, and others. Since the prevalence of these diseases has been increasing in the past few years, demand for ostomy drainage bags has also increased in parallel.

The market has witnessed advancements of technology in terms of innovative ostomy drainage bags. Strategic mergers & acquisitions and introduction of new products are some of the key strategies adopted by the major players of this industry.

Get Sample Copy of this Report@

Opportunistic growth awaits the key players since the cost of ostomy procedures has reduced in the past few years, and there is increased adoption of these products amongst healthcare providers and patients. Manufacturers are investing in research & development activities to develop unique and technologically-advanced devices, such as implantable drainage bags for remote monitoring.

For instance, in October 2019, Hollister Inc., a leading medical device manufacturer, announced the construction of a new manufacturing plant in Kaunas Free Economic Zone in Lithuania. This new manufacturing plant was started to produce ostomy-care products at first, and later start manufacturing continence-care products as well.
Company Profiles:

Hollister Incorporated
Alcare Co. Ltd.
Coloplast Group
ConvaTec, Inc
B.Braun Melsungen AG
Torbot Group Inc.
Flexicare Medical Ltd
Marlen Manufacturing & Development
Pelcin Healthcare Ltd
Salts Healthcare Ltd
Welland Medical Ltd
Prowess Care
Oakmed Healthcare
Goodhealth Inc.

Request for Methodology@

Key Takeaways from Market Study

By product, colostomy bags are expected to hold over 60% market value share by the end of 2031.
Based on modality, single-use ostomy drainage bags are leading with 62.8% market share.
Hospitals dominate the end-user segment with a share of around 42.7%, due to increasing favorable reimbursement scenario and decreasing cost of ostomy procedures.

By region, North America is slated to be the largest market with a value share of around 33% by 2031.
"Advancements in technology and increasing demand for ostomy drainage bags for chronic diseases management will positively impact market growth over the coming years," says an analyst of Persistence Market Research.

Access Full Report@

Contact us:

Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales -

About us:

Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release The Subsequent Upcoming Years To See The Ostomy Drainage Bags Market Grow On A Grand Note here

News-ID: 2754141 • Views: 221

More Releases from Persistence Market Research

Avocado Oil Market Business Strategies, Segmentation and Growth ,Forecast - 2026 …
Growing awareness about health benefits of avocado oil over conventional cooking oils will continue to push the demand in the near future. Moreover, relatively higher smoking point of avocado oil also promises positive prospects in the next few years. In the wake of rapid consumer shift to naturally-sourced and organically derived beauty and personal care products, leading personal care product manufacturers have been focusing on the incorporation of avocado oil
Data Center Infrastructure Management Market Current and Future Demand, Analysis …
In order to enable uniform monitoring of all systems throughout IT and facility infrastructure and to increase the efficiency of the data centre, data centre infrastructure management market is the right integration of information technology (IT) and facility management. In order to expand the traditional data centre management function to include all physical assets as well as resources found in the IT and facilities domains, data centre infrastructure management solutions
Data Warehousing Solutions Market Comprehensive Shares, Historical Trends And Fo …
More businesses are investing in data warehousing solutions market due to the growing requirement for data management in order to improve their understanding of their industry. Executives are able to make better decisions based on precise understanding because to these solutions' integration and analysis of company data using historical and real-time data. Businesses can execute effective business analytics by combining data warehousing solutions with business intelligence tools. This data can be
Network Security Market Demand and Regional Analysis 2026
The development of virtualization technologies and the rising popularity of web-based applications are two reasons that are fostering the expansion of the network security market. Enterprises can protect their communication channels from illegal access and data misuse thanks to network security. To reduce the danger of cyberattacks, there is an increasing demand for enhanced security services and the integration of network security solutions with other security services. Within Network security,

All 5 Releases

More Releases for Healthcare

Healthcare Information System Market Next Big Thing | GE Healthcare, Philips Hea …
A latest survey on Global Healthcare Information System Market is conducted to provide hidden gems performance analysis (2021-2026). The study is a perfect mix of qualitative and quantitative information covering market size breakdown of revenue and volume (if applicable) by important segments. The market Study is segmented by key regions that is accelerating the marketization. The report bridges the historical data from 2015 to 2020 and forecasted till 2026*.
Transportation Services In Healthcare Industry : Centene Corporation, Healthcare …
Transportation Services In Healthcare Market Size, Status and Forecast 2020-2027 Report present the worldwide analysis with in depth study of Top players, region, type and application and its future scope. The report mainly studies the size, recent trends and development status of the Transportation Services In Healthcare market, as well as investment opportunities, government policy, market dynamics (drivers, restraints, opportunities), supply chain and competitive landscape. Technological innovation and advancement will further
Healthcare Staffing Market Crucial Players - Jackson Healthcare, Aya Healthcare, …
Global "Healthcare Staffing Market" is a comprehensive research that provides information regarding Healthcare Staffing market size, trends, growth, cost structure, capacity, revenue and forecast 2026. This report also includes the overall study of the Healthcare Staffing Market share with all its aspects influencing the growth of the market. This report is exhaustive quantitative analyses of the Healthcare Staffing industry and provides data for making strategies to increase Healthcare Staffing market
Global Healthcare Information System Market including Key players: Philips Healt …
Healthcare information technology proffers solutions for security and data management of information related with healthcare. Nowadays, information technology has more impact on the cost quality and safety associated with Healthcare Information System Market. Some widely used applications in the healthcare industry include electronic medical records, healthcare records and personal health records. Several governments as well as healthcare service providers are now adapting these healthcare information systems to meet the growing
Global Healthcare Information Systems Market By Key Players: Philips healthcare, …
Qyresearchreports include new market research report Global Healthcare Information Systems Market Size, Status and Forecast 2025 to its huge collection of research reports. This report studies the global Healthcare Information Systems market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Healthcare Information Systems market by companies, region, type and end-use industry. Healthcare information technology proffers solutions for security and data management of information related
Digital Radiography Market 2018-2025: GE Healthcare, Siemens Healthcare, Philips …
Study papers on Digital Radiography market and regional forecast. Digital Radiography market top players including are GE Healthcare, Siemens Healthcare, Philips Healthcare, Agfa HealthCare, Fujifilm, Angell Technology, Carestream Health, Wandong Medical, Hitachi, Mindray, Land Wind, Toshiba, Konica Minolta, DEXIS, Shimadzu, Source-Ray, Samsung. Download FREE Sample Brochure @ The recent report, Digital Radiography market fundamentally discovers insights that enable stakeholders, business owners and field marketing executives to make effective investment decisions