Ostomy Drainage Bags Market Ostomy Drainage Bags Market

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Ostomy Drainage Bags Market by Products (Colostomy Bags, Ileostomy Bags, Urostomy Bags, Continent Ileostomy Bags, and Continent Urostomy Bags), Clinical Applications (Colorectal Cancer, Bladder Cancer, Colonic Diverticulitis, Inflammatory Bowel Disease, Other Diseases), Usage Types (Single-use, Multi-use) Market Trends, Industry Competition Analysis, Revenue and Volume Forecast To 2031."

According to the most recent market research report, the global Ostomy Drainage Bags Market Size is valued at 3402.84 Million in 2022 and is predicted to reach 5052.79 Million by the year 2031 at a 4.6 % CAGR during the forecast period for 2023-2031.

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The market's growth is primarily attributable to the high prevalence of colorectal cancer and urologic diseases, the rising demand for home care services, and the increased efforts to raise global incontinence awareness. Increasing technological advancements, rising product innovations by key players in the market to better their businesses, and increasing public awareness regarding ostomy care products are anticipated to offer market expansion opportunities in the coming years. ConvaTec Group Plc introduced the Natura Convex Cut-to-Fit Accordion Flange in 2017 to make the two-piece ostomy pouch application more superficial and comfortable for people with stomas. ConvaTec's portfolio of Accordion Flanges now includes a convex option, which accommodates specific consumer demands and preferences in a growing segment of the ostomy care market.

The growing prevalence of urinary bladder and colorectal cancer has increased the global demand for ostomy drainage bags. For instance, according to the American Cancer Society, in 2021, about 149,500 individuals are expected to diagnose with colorectal cancer, and around 52,980 individuals are anticipated to die due to colorectal cancer in the US. These factors are expected to compel the growth of the market over the forecast period.
However, the high risk of complications, unfavourable reimbursement policies, and the availability of other alternative surgical procedures may hamper the market size during the forecast years.

Geographically, the Asia Pacific is expected to be the fastest-growing regional market in the coming years due to the increasing number of cancer patients and the fast adoption of advanced medical technologies.

Major market players operating in the ostomy drainage bags market include Coloplast A/S (Denmark), ConvaTec (UK), Hollister Incorporated (US), Welland Medical Limited (UK), Wellspect HealthCare (Sweden), Salts Healthcare Limited (UK), Pelcin Healthcare Limited (UK), ALCARE Co., Ltd. (Japan), B. Braun Melsungen AG (Germany), Flexicare Medical Limited (UK), Romsons (India), Schena Ostomy Technologies, Inc. (US), Torbot Group, Inc. (US), among others.

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Market Segments
Global Ostomy Drainage Bags Market, by Products, 2023-2031 Value (US$ Mn) and Volume (No. of Units)
• Colostomy Bags
• Ileostomy Bags
• Urostomy Bags
• Continent Ileostomy Bags
• Continent Urostomy Bags
Global Ostomy Drainage Bags Market, by Clinical Applications, 2023-2031 Value (US$ Mn) and Volume (No. of Units)
• Colorectal Cancer
• Bladder Cancer
• Colonic Diverticulitis
• Inflammatory Bowel Disease
• Other Diseases
Global Ostomy Drainage Bags Market, by Usage Types, 2023-2031 Value (US$ Mn) and Volume (No. of Units)
• Single-use Ostomy Drainage Bags
• Multi-use Ostomy Drainage Bags
Global Ostomy Drainage Bags Market, by Sales Channels, 2023-2031 Value (US$ Mn) and Volume (No. of Units)
• Hospitals and Specialty clinics
• Home care settings
• Ambulatory Surgical Centers
Global Ostomy Drainage Bags Market, by Region, 2023-2031 (Value US$ Mn and Volume (No. of Units))
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Ostomy Drainage Bags Market, by Country, 2023-2031 (Value US$ Mn and Volume (No. of Units))
• The U.S.
• Canada
Europe Ostomy Drainage Bags Market, by Country, 2023-2031 (Value US$ Mn and Volume (No. of Units))
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Ostomy Drainage Bags Market, by Country, 2023-2031 (Value US$ Mn and Volume (No. of Units))
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Ostomy Drainage Bags Market, by Country, 2023-2031 (Value US$ Mn and Volume (No. of Units))
• Brazil
• Mexico
• Rest of Latin America
The Middle East & Africa Ostomy Drainage Bags Market, by Country, 2023-2031 (Value US$ Mn and Volume (No. of Units))
• South Africa
• GCC Countries
• Rest of the Middle East & Africa

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This release was published on openPR.