Analysts’ Viewpoint on Global Ostomy Drainage Bags Market Scenario
The global ostomy drainage bags market is significantly driven by the increase in prevalence of colorectal cancer, inflammatory bowel disorders, advancement in ostomy procedures, and emergence of innovative ostomy products. Increasing number of market players operating in the global ostomy drainage bags and rising geriatric population across the globe are other factors fueling the market growth. However, increased risk associated with the ostomy surgery, along with discomfort from carrying a drainage bag is a key factor expected to hamper the growth of the ostomy drainage bag market. Pouch leakage, bleeding, infection, skin irritation, and infection can occur due to ostomy drainage bags. Competitive players operating in the ostomy drainage bags market are investing in research & development activities to offer better solution and overcome issues associated with leaks and overflows.
Increase in geriatric population and surge in incidence of inflammatory bowel disease, Crohn's disease, and colorectal & bladder cancer are projected to drive the global ostomy drainage bags market during the forecast period. An ostomy drainage bag is primarily used to collect urine or stool post-surgery, depending on the type of surgery the patient undergoes. It has various types, including colostomy bags, urostomy bags, ileostomy bags, and ostomy bags. A colostomy bag is known as stoma bag, which is a small waterproof pouch used to collect waste from the body. Ileostomy bag has a similar principle that entails the use of stoma bag, which is termed as an ileostomy bag to differentiate.
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According to the World Ageing 2019 study, the world's population of adults aged 65 & above reached 703 million in 2019. In 2050, the number of elderly people is expected to increase to 1.5 billion. The proportion of people aged 65 and above in the global population climbed from 6% in 1990 to 9% in 2019. By 2050, the percentage is expected to increase to 16%. By 2050, one in every six persons on the planet will be aged over 65.
As per the Centers for Disease Control and Prevention, 1.3% of individuals in the U.S. (around 3 million) were diagnosed with IBD in 2015. This was a significant rise over 1999 (0.9 percent or 2 million adults). According to a recent study, the prevalence of IBD increased among Medicare beneficiaries of all races and ethnicities with a higher rate.
Increase in the number of ostomy procedures results in the creation of stomas (openings) for the elimination of body wastes into prosthetics known as ostomy bags outside the body, which drives the demand for ostomy drainage bags.
In terms of type, the global market has been classified into colostomy bags, ileostomy bags, and urostomy bags. In colostomy, the colon is linked with the stoma, thereby bypassing the anus and rectum. A colostomy bag is a small pouch used for closed colostomy procedures. It is used for the collection of waste from a surgically diverted biological system.
Based on use, the global ostomy drainage bags market has been bifurcated into single-use bags and multi-use bags. The two primary types of colostomy bag are disposable and reusable. Disposable bags are more preferred due to advantages such as easy removal & disposal and easy to carry everywhere. Technological advancements in terms of productivity has led to increasing popularity of ostomy bags among ostomates. The sensor included in ostomy bag is a prominent feature that draws customers. This is likely to drive the ostomy drainage bags market in the near future.
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Players in the market focus on diversification of their product portfolios by offering innovative goods and technological improvements to address leaks and skin concerns, which are important factors for ostomy patient readmissions. In August 2017, ConvaTec Group plc, a leading global medical technology company, announced the worldwide launch of the Natura Convex Cut-to-Fit Accordion Flange. The Natura Accordion Flange's intuitive, easy-to-use design reduces abdominal pressure during two-piece pouch insertion. The flange gives a full finger width room in the 'UP' position, making pouch attachment easy and comfortable, especially for those with limited dexterity or sensitive abdomens.
In 2013, 11 Health Ltd., a U.K.-Based firm, created Ostom-i Alert, a sensor-based technology that accurately measures drainage pouch fullness by sensing the bag's external curvature. When the ostomy bags are close to being full, the device warns patients and caregivers by sending messages via Bluetooth to a mobile app, as the bags are prone to overflows and leaks.
Every surgery carries some level of risk. There are risks associated with ostomy surgery, such as bleeding, damage to nearby organs, skin irritation, and infection. The patient could experience discomfort as a result of an external pouch. Pouch leakage can also cause issues for a patient. These factors act as market restraints.
In terms of region, the global ostomy drainage bags market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to be a highly lucrative market for ostomy drainage bags during the forecast period. Increase in availability of patented nanomedical products across the region is a major factor driving the market.
Other factors propelling the market in North America are increase in the incidence of IBD & Crohn's disease, a rapidly aging population, rise in colorectal and bladder cancer, and presence of key players in the region.
Pharmaceutical companies are expected to invest most in Asia Pacific. This is due to the high prevalence of pancreatic and stomach cancers in India and China.
This report profiles major players in the global ostomy drainage bags market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. The global ostomy drainage bags market is quite competitive, with top 10 players accounting for key share of the market, and companies focusing on research & development to produce better pharmaceutical and vaccine products for the existing diseases.
Leading players operating in the global ostomy drainage bags market are Alcare Co. Ltd., B. Braun Melsungen AG, Coloplast A/S, ConvaTec, Inc., Flexicare Medical Ltd., Marlen Manufacturing & Development, Pelcin Healthcare Ltd., Salts Healthcare Ltd., Torbot Group, Inc., Welland Medical Ltd., Prowess Care, and Goodhealth. Inc., among others.
Key players in the global ostomy drainage bags market are engaged in regulatory approvals, technologically advanced products, launch of new products, and acquisition & collaborative agreements with other companies. These strategies are likely to fuel the growth of the global ostomy drainage bags market. A few strategies adopted by players operating in the global ostomy drainage bags market are:
| Attribute | Detail |
|---|---|
| Market Size Value in 2020 | US$ 2.6 Bn |
| Market Forecast Value in 2031 | US$ 3.6 Bn |
| Growth Rate (CAGR) | 5.4% |
| Forecast Period | 2022-2031 |
| Historical Data Available for | 2017-2020 |
| Quantitative Units | US$ Mn for Value |
| Market Analysis | It includes cross segment analysis at global as well as regional level. Moreover, qualitative analysis includes drivers, restraints, opportunities, key trends, and parent industry overview. |
| Competition Landscape |
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| Format | Electronic (PDF) + Excel |
| Market Segmentation |
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| Regions Covered |
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| Countries Covered |
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| Companies Profiled |
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| Customization Scope | Available upon request |
| Pricing | Available upon request |
The global ostomy drainage bags market was valued at US$ 2.6 Bn in 2021.
The global ostomy drainage bags market will surpass US$ 3.6 Bn by 2031.
The global ostomy drainage bags market is anticipated to record a CAGR of 5.4% from 2022 to 2031.
Rise in prevalence of geriatric population and inflammatory bowel diseases.
North America is expected to be a potential revenue generator for vendors during the forecast period.
Prominent players in the global ostomy drainage bags market are Alcare Co. Ltd, B. Braun Melsungen AG, Coloplast A/S, ConvaTec Inc, Flexicare Medical Ltd, Marlen Manufacturing & Development, Pelcin Healthcare Ltd, Salts Healthcare Ltd, Torbot Group Inc, Welland Medical Ltd, Prowess Care, Goodhealth Inc., etc.
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Ostomy Drainage Bags Market
4. Market Overview
4.1. Introduction
4.1.1. Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Ostomy Drainage Bags Market Analysis and Forecast, 2017-2031
5. Key Insights
5.1. Value Chain Analysis
5.2. Regulatory Scenario by Region/globally
5.3. Event Impact Analysis
5.4. COVID-19 Impact Analysis
6. Global Ostomy Drainage Bags Market Analysis and Forecast, By Type
6.1. Introduction & Definition
6.2. Key Findings / Developments
6.3. Market Value Forecast, by Type, 2017-2031
6.3.1. Colostomy Bags
6.3.2. Ileostomy Bags
6.3.3. Urostomy Bags
6.3.4. Others ostomy bags
6.4. Market Attractiveness Analysis, By Type
7. Global Ostomy Drainage Bags Market Analysis and Forecast, By Use
7.1. Introduction & Definition
7.2. Key Findings / Developments
7.3. Market Value Forecast, by Use, 2017-2031
7.3.1. Single Use
7.3.2. Multi-Use
7.4. Market Attractiveness Analysis, By Use
8. Global Ostomy Drainage Bags Market Analysis and Forecast, By Region
8.1. Key Findings
8.2. Market Value Forecast, by Region
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Latin America
8.2.5. Middle East & Africa
8.3. Market Attractiveness Analysis, By Region
9. North America Ostomy Drainage Bags Market Analysis and Forecast
9.1. Introduction
9.1.1. Key Findings
9.2. Market Value Forecast, by Type, 2017-2031
9.2.1. Colostomy Bags
9.2.2. Ileostomy Bags
9.2.3. Urostomy Bags
9.2.4. Others Ostomy bags
9.3. Market Value Forecast, by Use, 2017-2031
9.3.1. Single Use
9.3.2. Multi-Use
9.4. Market Value Forecast, by Country, 2017-2031
9.4.1. U.S.
9.4.2. Canada
9.5. Market Attractiveness Analysis
9.5.1. By Type
9.5.2. By Use
9.5.3. By Country
10. Europe Ostomy Drainage Bags Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. Market Value Forecast, by Type, 2017-2031
10.2.1. Colostomy Bags
10.2.2. Ileostomy Bags
10.2.3. Urostomy Bags
10.2.4. Others Ostomy bags
10.3. Market Value Forecast, by Use, 2017-2031
10.3.1. Single Use
10.3.2. Multi-Use
10.4. Market Value Forecast, by Country/Sub-region, 2017-2031
10.4.1. Germany
10.4.2. U.K.
10.4.3. France
10.4.4. Italy
10.4.5. Spain
10.4.6. Rest of Europe
10.5. Market Attractiveness Analysis
10.5.1. By Type
10.5.2. By Use
10.5.3. By Country/Sub-region
11. Asia Pacific Ostomy Drainage Bags Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. Market Value Forecast, by Type, 2017-2031
11.2.1. Colostomy Bags
11.2.2. Ileostomy Bags
11.2.3. Urostomy Bags
11.2.4. Others Ostomy bags
11.3. Market Value Forecast, by Use, 2017-2031
11.3.1. Single Use
11.3.2. Multi-Use
11.4. Market Value Forecast, by Country/Sub-region, 2017-2031
11.4.1. China
11.4.2. Japan
11.4.3. India
11.4.4. Australia & New Zealand
11.4.5. Rest of Asia Pacific
11.5. Market Attractiveness Analysis
11.5.1. By Type
11.5.2. By Use
11.5.3. By Country/Sub-region
12. Latin America Ostomy Drainage Bags Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Market Value Forecast, by Type, 2017-2031
12.2.1. Colostomy Bags
12.2.2. Ileostomy Bags
12.2.3. Urostomy Bags
12.2.4. Others Ostomy bags
12.3. Market Value Forecast, by Use, 2017-2031
12.3.1. Single Use
12.3.2. Multi-Use
12.4. Market Value Forecast, by Country/Sub-region, 2017-2031
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Rest of Latin America
12.5. Market Attractiveness Analysis
12.5.1. By Type
12.5.2. By Use
12.5.3. By Country/Sub-region
13. Middle East & Africa Ostomy Drainage Bags Market Analysis and Forecast
13.1. Introduction
13.1.1. Key Findings
13.2. Market Value Forecast, by Type, 2017-2031
13.2.1. Colostomy Bags
13.2.2. Ileostomy Bags
13.2.3. Urostomy Bags
13.2.4. Others Ostomy bags
13.3. Market Value Forecast, by Use, 2017-2031
13.3.1. Single Use
13.3.2. Multi-Use
13.4. Market Value Forecast, by Country/Sub-region, 2017-2031
13.4.1. GCC Countries
13.4.2. South Africa
13.4.3. Rest of Middle East & Africa
13.5. Market Attractiveness Analysis
13.5.1. By Type
13.5.2. By Use
13.5.3. By Country/Sub-region
14. Competition Landscape
14.1. Market Player - Competition Matrix (by tier and size of companies)
14.2. Market Share Analysis, by Company, 2021
14.3. Company Profiles
14.3.1. Alcare Co. Ltd.
14.3.1.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.1.2. Financial Analysis
14.3.1.3. Growth Strategies
14.3.1.4. SWOT Analysis
14.3.2. B. Braun Melsungen AG
14.3.2.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.2.2. Financial Analysis
14.3.2.3. Growth Strategies
14.3.2.4. SWOT Analysis
14.3.3. Coloplast A/S
14.3.3.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.3.2. Financial Analysis
14.3.3.3. Growth Strategies
14.3.3.4. SWOT Analysis
14.3.4. ConvaTec, Inc.
14.3.4.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.4.2. Financial Analysis
14.3.4.3. Growth Strategies
14.3.4.4. SWOT Analysis
14.3.5. Flexicare Medical Ltd.
14.3.5.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.5.2. Financial Analysis
14.3.5.3. Growth Strategies
14.3.5.4. SWOT Analysis
14.3.6. Marlen Manufacturing & Development
14.3.6.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.6.2. Financial Analysis
14.3.6.3. Growth Strategies
14.3.6.4. SWOT Analysis
14.3.7. Pelcin Healthcare Ltd.
14.3.7.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.7.2. Financial Analysis
14.3.7.3. Growth Strategies
14.3.7.4. SWOT Analysis
14.3.8. Salts Healthcare Ltd.
14.3.8.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.8.2. Financial Analysis
14.3.8.3. Growth Strategies
14.3.8.4. SWOT Analysis
14.3.9. Torbot Group, Inc.
14.3.9.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.9.2. Financial Analysis
14.3.9.3. Growth Strategies
14.3.9.4. SWOT Analysis
14.3.10. Welland Medical Ltd.
14.3.10.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.10.2. Financial Analysis
14.3.10.3. Growth Strategies
14.3.10.4. SWOT Analysis
14.3.11. Prowess Care
14.3.11.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.11.2. Financial Analysis
14.3.11.3. Growth Strategies
14.3.11.4. SWOT Analysis
14.3.12. Goodhealth, Inc.
14.3.12.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.12.2. Financial Analysis
14.3.12.3. Growth Strategies
14.3.12.4. SWOT Analysis
List of Tables
Table 01: Global Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Type, 2017-2031
Table 02: Global Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Use, 2017-2031
Table 03: Global Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Region, 2017-2031
Table 04: North America Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Country, 2017-2031
Table 05: North America Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Type, 2017-2031
Table 06: North America Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Use, 2017-2031
Table 07: Europe Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2031
Table 08: Europe Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Type, 2017-2031
Table 09: Europe Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Use, 2017-2031
Table 10: Asia Pacific Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2031
Table 11: Asia Pacific Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Type, 2017-2031
Table 12: Asia Pacific Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Use, 2017-2031
Table 13: Latin America Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2031
Table 14: Latin America Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Type, 2017-2031
Table 15: Latin America Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Use, 2017-2031
Table 16: Middle East & Africa Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2031
Table 17: Middle East & Africa Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Type, 2017-2031
Table 18: Middle East & Africa Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Use, 2017-2031
List of Figures
Figure 01: Global Ostomy Drainage Bags Market Value Share Analysis, by Type, 2021-2031
Figure 02: Global Ostomy Drainage Bags Market Attractiveness Analysis, by Use, 2017-2031
Figure 03: North America Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Type 2017-2031
Figure 04: North America Ostomy Drainage Bags Market Value (US$ Mn) Forecast, by Use 2017-2031
Figure 05: North America Ostomy Drainage Bags Market Value Share Analysis, by Country, 2021 and 2031
Figure 06: North America Ostomy Drainage Bags Market Attractiveness Analysis, by Country, 2021-2031
Figure 07: Europe Ostomy Drainage Bags Market Value (US$ Mn) Forecast, 2017-2031
Figure 08: Europe Ostomy Drainage Bags Market Value Share Analysis, by Country/Sub-region, 2021 and 2028
Figure 09: Europe Ostomy Drainage Bags Market Attractiveness Analysis, by Country/Sub-region, 2021-2028
Figure 10: Europe Ostomy Drainage Bags Market Value Share Analysis, by Type, 2021-2028
Figure 11: Europe Ostomy Drainage Bags Market Attractiveness Analysis, by Use, 2021-2028
Figure 12: Asia Pacific Ostomy Drainage Bags Market Value (US$ Mn) Forecast, 2017-2031
Figure 13: Asia Pacific Ostomy Drainage Bags Market Value Share Analysis, by Country/Sub-region, 2021 and 2028
Figure 14: Asia Pacific Ostomy Drainage Bags Market Attractiveness Analysis, by Country/Sub-region, 2021-2028
Figure 15: Asia Pacific Ostomy Drainage Bags Market Value Share Analysis, by Type, 2021-2031
Figure 16: Asia Pacific Ostomy Drainage Bags Market Attractiveness Analysis, by use, 2021-2031
Figure 17: Latin America Ostomy Drainage Bags Market Value Share Analysis, by Country/Sub-region, 2021 and 2031
Figure 18: Latin America Ostomy Drainage Bags Market Attractiveness Analysis, by Country/Sub-region, 2021-2031
Figure 19: Latin America Ostomy Drainage Bags Market Attractiveness Analysis, by Type, 2021-2031
Figure 20: Latin America Ostomy Drainage Bags Market Attractiveness Analysis, by Use, 2021-2031
Figure 21: Middle East & Africa Ostomy Drainage Bags Market Value Share Analysis, by Country/Sub-region, 2021 and 2031
Figure 22: Middle East & Africa Ostomy Drainage Bags Market Attractiveness Analysis, by Country/Sub-region, 2021-2031
Figure 23: Middle East & Africa Ostomy Drainage Bags Market Attractiveness Analysis, by type, 2021-2031
Figure 24: Middle East & Africa Ostomy Drainage Bags Market Attractiveness Analysis, by Use, 2021-2031
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Ostomy Drainage Bags Market
