(MENAFN- EIN Presswire) ostomy drainage bags market 2030
PORTLAND, OREGON, UNITED STATES, May 3, 2023 /einpresswire.com / -- An ostomy drainage bag is a medical device used to collect waste material from a person's body when they have had a surgery or a medical condition that requires a diversion of their normal bowel or urinary functions. The bags are attached to a stoma, which is an opening in the abdomen created by the surgery or medical condition.
The ostomy drainage bags market refers to the industry that produces and sells these devices. This market includes various types of bags, such as one-piece and two-piece systems, closed-end bags, drainable bags, and more. The bags can be made of different materials such as plastic or silicone and come in different sizes to fit the patient's needs.
The market for ostomy drainage bags has grown in recent years due to an increase in the number of people who require ostomy surgeries or who have conditions that require them to use these bags. The market is expected to continue growing as the population ages and as awareness about ostomy surgery and its benefits increases.
According to the report published by Allied Market Research, the global Ostomy Drainage Bags Market generated $1.65 billion in 2020, and is expected to reach $2.40 billion by 2030, witnessing a CAGR of 3.8% from 2021 to 2030.
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Covid-19 Scenario:
The demand for ostomy drainage bags reduced considerably due to postponement or cancellation of many ostomy surgeries. This is due to shift in hospital resources to take care of increase in number of Covid-19 infected patients.
Only acute ostomy surgeries were carried out during the initial stages of the pandemic. However, the demand is expected to rise post-pandemic as the number of surgeries increase steadily.
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The ostomy drainage bags market can be segmented based on various factors, including the type of bag, application, end-user, and geography.
Based on the type of bag, the market can be segmented into:
One-piece systems: These bags have a flange (adhesive ring) and pouch combined as one unit.
Two-piece systems: These bags have a separate flange and pouch that can be attached and detached from each other.
Closed-end bags: These bags are disposable and are used for short-term wear.
Drainable bags: These bags are designed to be emptied and reused, and they typically have a spout at the bottom for drainage.
Based on the application, the market can be segmented into:
Colostomy: This involves creating an opening in the colon, usually on the left side of the abdomen.
Ileostomy: This involves creating an opening in the small intestine, usually on the right side of the abdomen.
Urostomy: This involves creating an opening in the urinary tract.
Based on the end-user, the market can be segmented into:
Hospitals and clinics
Home care settings
Ambulatory surgery centers
Geographically, the ostomy drainage bags market can be segmented into various regions, such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Several factors can impact the growth of the ostomy drainage bags market. Some of the significant factors are:
Increasing prevalence of chronic diseases: The rising prevalence of chronic diseases, such as inflammatory bowel disease (IBD), colorectal cancer, and bladder cancer, which may require ostomy surgeries, is driving the demand for ostomy drainage bags.
Aging population: The aging population is one of the critical factors driving the growth of the ostomy drainage bags market. As people age, the risk of developing chronic conditions that require ostomy surgeries increases, leading to a higher demand for ostomy drainage bags.
Technological advancements: Advancements in technology have led to the development of innovative products, such as disposable ostomy bags, which are more convenient and hygienic for patients. The development of ostomy bags with improved adhesives and comfortable materials is also driving the market growth.
Increasing awareness: The increasing awareness of ostomy surgeries and their benefits is another factor driving the demand for ostomy drainage bags. Better education and awareness campaigns by healthcare providers, advocacy groups, and patient support organizations are helping to reduce the stigma surrounding ostomy surgery and improve the quality of life for people who need ostomy bags.
Reimbursement policies: The availability of favorable reimbursement policies by governments and insurance companies is also driving the demand for ostomy drainage bags. This has made it easier for patients to afford ostomy bags, which has further boosted the market growth.
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Here are ten key players in the ostomy drainage bags market:
Coloplast
Hollister Incorporated
ConvaTec Group PLC
B. Braun Melsungen AG
Welland Medical Limited
Salts Healthcare Ltd.
Pelican Healthcare Ltd.
Marlen Manufacturing & Development Company
Flexicare Medical Limited
Genairex, Inc.
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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
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