Ostomy Drainage Bags Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033
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Ostomy Drainage Bags Market Overview
The Ostomy Drainage Bags market size was valued at $2.44 billion in 2023 and is forecast to grow at a CAGR of more than 2% during 2023 and 2033. An ostomy drainage bag is a bag that attaches to the exterior opening of a stoma for the sanitary collection and disposal of body wastes from a surgery site (colostomy, Ileostomy, and Urostomy).
Ostomy Drainage Bags Market Outlook, 2023-2033 ($ Billion)
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The Ostomy Drainage Bags market research report explains the market behavior, which will help identify quantitative market trends within the wound care management therapeutic area. The model discusses in detail the impact of COVID-19 on the Ostomy Drainage Bags market for the year 2020 and beyond. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing in-licensing and out-licensing strategies.
Market Size (2022) | $2.44 billion |
Forecast period | 2023-2033 |
Historical Period | 2015-2022 |
Key Regions | North America, Europe, Asia Pacific, South Central America, and Middle East & Africa |
Key Segments | Colostomy, Ileostomy, and Urostomy |
Leading Companies | Coloplast A/S, Hollister Inc, ConvaTec Group Plc, B. Braun Melsungen AG, Salts Healthcare, Alcare Co Ltd, Welland Medical Ltd, Dansac, and Pelican Healthcare Ltd |
Ostomy Drainage Bags Market Dynamics
The market is primarily driven by the increasing prevalence of colon cancer, which is growing in proportion to the growing elderly population worldwide. This has led to an increase in the number of Ostomy procedures being performed. Additionally, in emerging economies such as India and China, there are many opportunities for manufacturers. There are large ostomate populations in these countries, but many patients resort to using self-made waste disposal units rather than purchasing ostomy bags. If manufacturers provide cheaper products, this market could experience high growth by tapping into these populations.
Ostomy Drainage Bags Market Segments
The key segments in the Ostomy Drainage Bags market are Colostomy, Ileostomy, and Urostomy. The Colostomy segment accounted for the highest market share in 2023. Colostomy can be further segmented into One-Piece Colostomy Drainage Bags and Two-Piece Colostomy Drainage Bags. Ileostomy can be further segmented into One-Piece Ileostomy Drainage Bags and Two-Piece Ileostomy Drainage Bags. Urostomy can be further segmented into One-Piece Urostomy Drainage Bags and Two-Piece Urostomy Drainage Bags.
Ostomy Drainage Bags Market Analysis, by Segments, 2023 (%)
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Ostomy Drainage Bags Market Segmentation by Regions
The key regions in the Ostomy Drainage Bags market are North America, Europe, Asia Pacific, South Central America, and the Middle East & Africa. North America accounted for the largest share of the ostomy drainage bag market in 2023. Around 60-70% of the patients suffering from colon cancer and rectal cancer in Canada and the US undergo ostomy surgery procedures, which contributes to growth in the region. Around 80% of the North American market can be attributed to sales of colostomy bags. Drainable bags remain a high priority for patients, who prefer to use reusable bags.
Ostomy Drainage Bags Market Analysis by Regions
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Ostomy Drainage Bags Market- Competitive Landscape
Some of the leading companies in the Ostomy Drainage Bags market are Coloplast A/S, Hollister Inc, ConvaTec Group Plc, B. Braun Melsungen AG, Salts Healthcare, Alcare Co Ltd, Welland Medical Ltd, Dansac, and Pelican Healthcare Ltd. Coloplast A/S dominated the market in 2022.
Ostomy Drainage Bags Market Analysis by Companies, 2022 (%)
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Segments Covered in the Report
Ostomy Drainage Bags Market Segments Outlook (Value, $ Billion, 2015-2033)
- Colostomy
- One-Piece Colostomy Drainage Bags
- Closed One-Piece Colostomy Drainage Bags
- Drainable One-Piece Colostomy Drainage Bags
- Two-Piece Colostomy Drainage Bags
- Closed Two-Piece Colostomy Drainage Bags
- Drainable Two-Piece Colostomy Drainage Bags
- One-Piece Colostomy Drainage Bags
- Ileostomy
- One-Piece Ileostomy Drainage Bags
- Two-Piece Ileostomy Drainage Bags
- Urostomy
- One-Piece Urostomy Drainage Bags
- Two-Piece Urostomy Drainage Bags
Ostomy Drainage Bags Market Regional Outlook (Value, $ Billion, 2015-2033)
- North America
- Europe
- Asia Pacific
- South Central America
- Middle East & Africa
Scope
This report provides:
- Currently marketed Ostomy Drainage Bags and evolving competitive landscape
- Insightful review of the key industry trends.
- Annualized total Ostomy Drainage Bags market revenue by segment and market outlooks from 2015-2033.
- Market-level data on units, average selling prices, and market values.
- Global, Regional, and Country level market specific insights
- Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the Ostomy Drainage Bags market.
- Competitive dynamics insights and trends provided for the Ostomy Drainage Bags market.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific MedTech regulatory landscape.
Reasons to Buy
The model will enable you to –
- Understand the impact of COVID-19 on the Ostomy Drainage Bags market.
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving the Ostomy Drainage Bags market.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Ostomy Drainage Bags market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
- Track device sales in the global and country-specific Ostomy Drainage Bags market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
Hollister Inc
ConvaTec Group Plc
B. Braun Melsungen AG
Salts Healthcare
Alcare Co Ltd
Welland Medical Ltd
Dansac
Pelican Healthcare Ltd
Others
Frequently asked questions
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What was the Ostomy Drainage Bags market size in 2023?
The Ostomy Drainage Bags market size was $2.44 billion in 2023.
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What will be the Ostomy Drainage Bags market growth during 2023 and 2033?
The Ostomy Drainage Bags market is forecast to grow at a CAGR of more than 2% during the forecast period.
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Which region accounted for the largest share of the Ostomy Drainage Bags market in 2023?
North America accounted for the largest share of the Ostomy Drainage Bags market in 2023.
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Which was the largest segment in the Ostomy Drainage Bags market in 2023?
The Colostomy segment accounted for the largest share of the Ostomy Drainage Bags market in 2023.
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Which are the leading companies in the Ostomy Drainage Bags market?
Some of the leading companies in the Ostomy Drainage Bags market are Coloplast A/S, Hollister Inc, ConvaTec Group Plc, B. Braun Melsungen AG, Salts Healthcare, Alcare Co Ltd, Welland Medical Ltd, Dansac, and Pelican Healthcare Ltd.
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