Ostomy Drainage Bags Market to Hit Sales of USD 2.4 Billion by 2030 | Key Vendors, Development Plans, Market Dynamics and Research Report

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.

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Disturbing ascent in pervasiveness of issues like colorectal malignant growth, provocative entrail illnesses, ascend in government and confidential assets for advancement of medical services areas, and expansion in number of central members for ostomy waste sacks are supposed to quite contribute toward the development of the worldwide ostomy seepage packs market during the estimate time frame.

High pervasiveness of colorectal disease attributable to the expansion in geriatric populace drives the market development. Expansion in populace inclined to colon malignant growth, urinary plot malignant growth, bladder malignant growth, colorectal malignant growth, fiery entrail illness, and ongoing sicknesses, for example, ulcerative colitis and Crohn's illness that require ostomy medical procedure, further lifts the market development.

Covid-19 Scenario:

The demand for ostomy drainage bags reduced considerably due to postponement or cancellation of many ostomy surgeries. This is due to shift in hospital resources to take care of increase in number of Covid-19 infected patients.

Only acute ostomy surgeries were carried out during the initial stages of the pandemic. However, the demand is expected to rise post-pandemic as the number of surgeries increase steadily.

Some of the Top Market Players Are:

ALCARE Co. Ltd.
Coloplast A/s, B.
Braun Melsungen AG,
Flexicare Ltd.
ConvaTec Inc.
Oakmed Healthcare
Hollister Incorporated
Salts Healthcare Ltd.
Pelcin Healthcare Ltd.
Welland Medical Ltd.
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Region wise:

North America accounted for a majority of the global ostomy drainage bags market share in 2020, and is anticipated to remain dominant during the ostomy drainage bags market forecast period. This is attributed to rise in production of ostomy drainage bags, increase in number of approvals for ostomy products, rise in presence of key players, and surge in development of technology for healthcare. Asia-Pacific is anticipated to witness lucrative growth, owing to increase in number of colorectal cancer cases, rise in demand for ostomy bags, and growth in health care expenditures.

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