The global ostomy drainage bags market is anticipated to grow at a CAGR of 4.2% during the forecast period (2024-2031). The market growth is driven by the growing product developments and the prevalence of colorectal cancer, and bladder cancer. Furthermore, the growing geriatric population in Europe and the US with urinary incontinence issues is propelling the market during the forecast period. However, patients with ostomy operations can experience a variety of symptoms or problems which is restraining the market growth. The growing awareness and acceptance of ostomy drainage bags in emerging economies is further projected to present a significant opportunity for market growth.
The global ostomy drainage bags market is segmented by type (colostomy bags, ileostomy bags, urostomy bags, and others) by use (single-use, and multi-use), by end-user (hospitals & clinics and homecare), and geography (North America, Europe, Asia-Pacific, and Rest of the World).
Market Dynamics
- The colostomy bags segment is anticipated to have a significant market share during the forecast period, owing to the increasing prevalence of colorectal cancer. Colostomy bags are preferred by the geriatric population with urinary, colorectal, and bladder tract problems to eliminate leakage contributing to segmental growth.
- Furthermore, various governments are taking steps to raise awareness about colostomy procedures and technological advancements have resulted in the development of colostomy bags.
- North America is projected to have a significant share in the global ostomy drainage bags market attributed to the rising prevalence of kidney diseases, diabetes, and the developed healthcare industry in countries such as the US.
- Furthermore, the presence of a large number of manufacturers and the rising prevalence of colorectal cancer, lung cancer, and urinary tract cancer, is contributing to the growth of the North American market.
- Asia-Pacific is projected to be the fastest-growing region in the ostomy drainage bags market owing to the rising prevalence of colorectal cancer in emerging economies such as the Philippines, South Korea, Turkey, and Indonesia.
- The presence of favorable government policies and significant investments in the healthcare sector in developed economies such as Australia and Japan is additionally fueling the Asia-Pacific market. Furthermore, the rising prevalence of inflammatory bowel disease and Chron's disease is propelling the market growth in the region.
The major players in the global ostomy drainage bags market include ConvaTec Group Plc., Flexicare (Group) Limited, B. Braun Melsungen AG, ALCARE Co., Ltd, Salts Healthcare Ltd, Welland Medical Ltd., and others. The market players are actively adopting different growth strategies such as mergers & acquisitions, capacity expansion, and product innovation among others, contributing significantly to the market growth.
Recent Development
- In February 2024, Convatec launched Esteem Body™ with Leak Defense™ in Italy. The product addresses a comprehensive, one-piece, soft convexity ostomy system portfolio designed to fit a full range of body types and stoma shapes. The portfolio includes drainable, closed-end, and urostomy pouching solutions. Convatec’s Esteem Body™ offers eight different combinations of key product characteristics, with four ’tension locations’ (split centrally and peripherally) across two different ’convex depths’. It offers greater choice and provides the healthcare provider and ostomate the ability to achieve the best possible fit.
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