Press release
The Ostomy Drainage Bags Market to grace digital transformation curve at a CAGR of 3.5%
The ostomy drainage bags market contributed approximately 56% share to the global ostomy care market, which valued at US$ 2.8 Bn in 2020.
The global ostomy drainage bags market is expected to grow significantly in the coming years due to the increasing prevalence of colorectal and bladder cancer, as well as increasing rates of inflammatory bowel disease. The market is also being driven by technological advancements in ostomy drainage bags, such as the development of more discreet and comfortable products.
The market for ostomy drainage bags is segmented by product type, including closed-end and drainable bags. The closed-end bags segment is expected to account for the largest share of the market due to the high demand for these products. The drainable bags segment is also expected to witness significant growth due to the increasing preference for these products due to their convenience and ease of use.
The ostomy drainage bags market is also segmented by end user, including hospitals, home care, and others. The hospitals segment is expected to account for the largest share of the market due to the high number of ostomy surgeries performed in hospitals. The home care segment is also expected to witness significant growth due to the increasing trend of patients receiving care at home.
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Companies
Hollister Incorporated
Alcare Co. Ltd.
Coloplast Group
ConvaTec, Inc
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.
What's Restraining Demand Growth of Ostomy Drainage Bags?
Although application of ostomy drainage bags is beneficial to patients who suffer from colorectal injuries due to trauma, or patients suffering from colorectal cancers, inflammatory bowel disease, etc., there have been various recorded cases of ostomy drainage bag complications such as skin irritation around the surgical site, leakage from the surgical site, and dehydration.
Unfavorable reimbursement policies by insurance companies also hamper ostomy drainage bags market growth. The tendency of patients and caregivers to go for alternative treatments to ostomy decreases the overall usage of ostomy care bags and accessories.
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Main Segments Covered in Ostomy Drainage Bags Market Industry Research
By Product
Colostomy Drainage Bags
Ileostomy Drainage Bags
Urostomy Drainage Bags
By Modality
Single-Use Ostomy Drainage Bags
Multi-Use Ostomy Drainage Bags
By End User
Ostomy Drainage Bags for Hospitals
Ostomy Drainage Bags for Clinics
Ostomy Drainage Bags for Surgical Centres
Ostomy Drainage Bags for Home Care Settings
Ostomy Drainage Bags for Diagnostic Laboratories
Ostomy Drainage Bags for Research and Academic Institutes
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