Ostomy Drainage Bags Market Poised for 5.4% CAGR Surge, Touches USD 3.6 Billion by 2031 | Transparency Market Research

The global 𝐨𝐬𝐭𝐨𝐦𝐲 𝐝𝐫𝐚𝐢𝐧𝐚𝐠𝐞 𝐛𝐚𝐠𝐬 𝐦𝐚𝐫𝐤𝐞𝐭, valued at US$2.6 billion in 2021, is projected to witness steady growth, with a compound annual growth rate (CAGR) of 5.4% from 2022 to 2031. By the end of 2031, the market is expected to surpass US$3.6 billion.

Analysts attribute this growth to factors such as the rising prevalence of colorectal cancer and inflammatory bowel disorders, advancements in ostomy procedures, and the introduction of innovative ostomy products. Additionally, the increasing number of market players and the growing elderly population globally are driving market expansion. However, concerns regarding the risks associated with ostomy surgery and the discomfort of carrying drainage bags pose challenges to market growth. Issues like pouch leakage, bleeding, and skin irritation further compound these challenges. Despite this, competitive players are actively investing in research and development endeavors to develop improved solutions and address issues such as leaks and overflows in ostomy drainage bags.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
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𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐩𝐥𝐚𝐲𝐞𝐫𝐬:

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.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐓𝐲𝐩𝐞

Colostomy Bags
Ileostomy Bags
Urostomy Bags
Others Ostomy Bags

𝐔𝐬𝐞

Single Use
Multi-use

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

In June 2021, Welland Medical announced launch of new ostomy pouch range Aurum Plus. The pouch range is available in closed, drainable, and urostomy in various sizes. It offers ostomates greater comfort, choice, and confidence.

In August 2017, ConvaTec Group plc, a leading global medical technology company, announced the global launch of the Natura. 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 abdomen.

In November 2013, 11 Health, a company based in the U.K., established an innovative sensor-based technology called Ostom-i Alert to help warn patients when their ostomy bags are full so they can empty them without risking an overflow

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

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.

𝐆𝐞𝐭 𝐓𝐡𝐢𝐬 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭, 𝐈𝐧𝐬𝐭𝐚𝐧𝐭𝐥𝐲:
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𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

Market size and growth projections
Segmentation analysis
Regional dynamics
Market drivers and challenges
Emerging trends
Future outlook and growth opportunities

𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

The future outlook for the ostomy drainage bags market appears promising, with sustained demand anticipated across various regions. Continued investments in research and development, coupled with strategic collaborations and partnerships, are expected to drive market innovation and expansion in the coming years.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐏𝐨𝐫𝐭𝐚𝐛𝐥𝐞 𝐁𝐥𝐞𝐧𝐝𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭-https://www.globenewswire.com/news-release/2023/05/29/2677582/0/en/Portable-Blender-Market-is-Anticipated-to-Hold-a-Share-of-US-227-3-Million-by-2033-Says-Transparency-Market-Research.html

𝐉𝐨𝐢𝐧𝐭 𝐏𝐚𝐢𝐧 𝐈𝐧𝐣𝐞𝐜𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭-https://www.globenewswire.com/news-release/2023/05/30/2678855/0/en/Joint-Pain-Injection-Market-to-Surge-at-a-CAGR-of-7-8-Reaching-USD-9-8-Billion-by-2031-TMR-Analysis.html

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

Nikhil Sawlani
Transparency Market Research Inc.
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