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Ostomy Drainage Bags Market Size, Trends, Latest Insights, Analysis and Forecast 2024-2031

08-12-2024 04:18 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Ostomy Drainage Bags Market

Ostomy Drainage Bags Market

The global Ostomy Drainage Bags market is anticipated to grow at a considerable CAGR of around 4.2% during the forecast period (2024-2031). The key factor to drive the market growth is the increasing geriatric population in countries such as the US and Europe with diseases including colorectal cancer, bladder cancer, urinary tract cancer, and others. For instance, according to the American Cancer Society, the estimated number of colorectal cancers in 2021 are 104,270 new cases of colon cancer and 45,230 new cases of rectal cancer. Every year the prevalence of colorectal cancer increases by 2% in younger people aged less than 50. Furthermore, according to the US National Library of Medicine National Institutes of Health almost 80.500 cases of bladder cancer were diagnosed in the US in 2019 that was nearly 4.6% of all cancer diagnoses. Therefore, this makes bladder cancer the sixth most common cancer diagnosis in the US.

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Further, the increasing prevalence of Inflammatory Bowel Diseases (IBD) also resulted in a rise in demand for these drainage bags attributing to the growth of the global ostomy drainage bags market. For instance, according to the 2019, National Library of Medicine study published in Lancet Gastroenterology & Hepatology, the number of people with IBD increased from 37 million to more than 68 million between 1990 and 2017, representing an 851% increase in global prevalent cases of IBD.

Full report of Ostomy Drainage Bags Market available @ https://www.omrglobal.com/industry-reports/ostomy-drainage-bags-market

Market Coverage

Segment Covered-
o By Type

o By use

o By End-User

Regions Covered-
o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- ConvaTec Group Plc., Flexicare (Group) Limited, B. Braun Melsungen AG, ALCARE Co., Ltd, Salts Healthcare Ltd, and Welland Medical Ltd., and others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Ostomy Drainage Bags Market Report Segment

By Type

Colostomy Bags
Ileostomy Bags
Urostomy Bags
Others
By Use

Single-Use (Closed-End)
Multi-Use (Drainable)
End-User

Hospitals and Clinics
Homecare


Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/ostomy-drainage-bags-market

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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