Ostomy Drainage Bags Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Ostomy Type (Colostomy Bags, Ileostomy Bags, Urostomy Bags, and Other Ostomy Types), End User, and Geography

Market Snapshot

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Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Europe

CAGR:

3.6%

Key Players:

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Market Overview

Global Ostomy Drainage Bags market is expected to witness a CAGR of 3.6% during the forecast period. Certain factors that are driving the market growth include increasing incidence of inflammatory bowel disease and chron's disease, rapidly growing aging population, rising colorectal and bladder cancer cases.

According to statistics, in countries like Singapore, Malaysia, Sweden, Germany, the number of older adults has gone up substantially. This expanding pool of geriatric population across the world is fuelling the market as the elderly population is considered to be more vulnerable to different types of cancers. The geriatric population in the Asia-Pacific region was around 617.1 million in 2015, which accounted for more than half of the world’s total elderly population. It is estimated that, by 2050, Asia-Pacific will account for almost two-thirds of the world’s geriatric population.

However, according to the research article published in 2013, in ostomy care urology and continence care wound and skin care, it was stated that for ostomy care products, 15% was considered as national average insurance coverage in China. In most of the Asia-Pacific region, these products are not covered under insurance. Hence, reimbursement issues act as a restraining factor in the market.

Scope of the Report

An ostomy is a surgically created opening, called a stoma, in the body. It is a surgical opening for the collection of waste products, such as urine, stool, and mucus, from urinary bladder and intestine externally. Depending on the type of condition and needs of the patient an ostomy can be permanent or temporary. Different kinds of ostomies are named according to the organ involved, such as urostomy, colostomy, and ileostomy. The ostomy drainage bags provide means for the collection of waste from a surgically diverted biological system.

Ostomy Type
Colostomy Bags
Ileostomy Bags
Urostomy Bags
Other Ostomy Types
End User
Hospitals
Home Care Setups
Other End Users
Geography
North America
US
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Colostomy Bags are Expected to Hold Significant Market Share in the Ostomy Type Segment

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. There are mainly two types of colostomy bags, the disposable types and the re-useable bags. Disposable bags are more preferred due to certain advantages like removing and disposing of them is quite easy and they are easy to carry everywhere. Colorectal cancer is a leading cause of both temporary and permanent colostomy procedures and permanent ostomy has become less and less common for the management of colorectal cancers, as surgical methods have improved over the years. As the colostomy procedures are increasing, there is an increasing demand for the usage of colostomy bags, thus driving the studied market over the forecast period.

Ostomy Drainage Bags Market_Image 2

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Europe Dominates the Market and is Expected to do Same in the Forecast Period

Europe is expected to retain its regional supremacy to be at the forefront of market growth until the year 2023. The regional market growth is encouraged by the high disposable income of the common people leading to the greater affordability to undergo the expensive procedure of ostomy. In addition to that, the existence of favorable reimbursement policies by government reimbursement is also steering the growth of in the market in this region. On the other hand, the region of Asia Pacific is poised to expand at a very high rate of CAGR. The progress of the said region can be linked with the rising prevalence of colorectal cancer in various emerging countries, like Indonesia, Turkey, Philippines, and South Korea. The increased investments in the sector of medical devices and existence of various favorable policies of reimbursement in many of the developed nations, like Australia, and Japan are further stimulating the progress of the market for ostomy drainage bags market in the region of APAC.

Ostomy Drainage Bags Market_Image 3

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Competitive Landscape

The global Ostomy Drainage Bags market is highly competitive and consists of a number of major players. Companies like Alcare Co. Ltd, B Braun Melsungen AG, Coloplast AS, ConvaTec Inc., Flexicare Medical Ltd, Marlen Manufacturing & Development, Pelcin Healthcare Ltd, Salts Healthcare Ltd, Torbot Group Inc., Welland Medical Ltd, among others, hold the substantial market share in the Ostomy Drainage Bags market.

Major Players

  1. Alcare Co. Ltd
  2. B Braun Melsungen AG
  3. Coloplast AS
  4. ConvaTec Inc.
  5. Flexicare Medical Ltd

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Incidence of Inflammatory Bowel Disease and Chron's Disease

      2. 4.2.2 Rapidly Growing Aging Population

      3. 4.2.3 Rising Colorectal and Bladder Cancer Cases

    3. 4.3 Market Restraints

      1. 4.3.1 Reimbursement Issues

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Ostomy Type

      1. 5.1.1 Colostomy Bags

      2. 5.1.2 Ileostomy Bags

      3. 5.1.3 Urostomy Bags

      4. 5.1.4 Other Ostomy Types

    2. 5.2 End User

      1. 5.2.1 Hospitals

      2. 5.2.2 Home Care Setups

      3. 5.2.3 Other End Users

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 US

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 UK

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Alcare Co. Ltd

      2. 6.1.2 B Braun Melsungen AG

      3. 6.1.3 Coloplast AS

      4. 6.1.4 ConvaTec Inc.

      5. 6.1.5 Flexicare Medical Ltd

      6. 6.1.6 Marlen Manufacturing & Development

      7. 6.1.7 Pelcin Healthcare Ltd

      8. 6.1.8 Salts Healthcare Ltd

      9. 6.1.9 Torbot Group Inc.

      10. 6.1.10 Welland Medical Ltd

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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