Global Ostomy Drainage Bags Market

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Definition: Ostomy Drainage Bags Market

Ostomy drainage bags are made of plastic or rubber which are used in ostomy procedures and is attached to the artificial opening to collect wastes.
The bags are available in disposable and reusable types.

Market Analysis:  Ostomy Drainage Bags

The Global Ostomy Drainage Bags Market accounted to USD 3.1 billion in 2016 growing at a CAGR of 4.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Major drivers and restraints: 

  • Increasing incidences of cancer and chronic diseases
  • Government initiatives to create awareness regarding the procedures done for treatment of various diseases
  • Stringent regulatory framework
  • Alternate surgical procedures available
  • Weak reimbursement policies

Segmentation: Ostomy Drainage Bags

By product type the market for ostomy drainage bags is segmented into colostomy bags, ileostomy bags, urostomy bags, continent ileostomy bags, and continent urostomy bags.
By procedure the ostomy drainage bags market is segmented into colostomy, urostomy, ileostomy. On the basis of usage the market is segmented into reusable, and disposable.
On the basis of end-users the ostomy drainage bags market is segmented into Hospitals, Clinics, ambulatory centers, homecare and others.

Market Competitors:  Ostomy Drainage Bags

Some of the major players operating in ostomy drainage bags market are B Braun Melsungen AG, Flexicare Medical Ltd., Conva tec, Inc., Coloplast A/S, Alcare Co., Ltd., Pelcin Healthcare Ltd., Salts Healthcare Ltd., Hollister, Welland Medical Ltd., Cymed Ostomy, Marlen Manufacturing & Development, Torbot Group Inc. among others.
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