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Ostomy Drainage Bags Market By Type: Global Opportunity Analysis and Industry Forecast, 2020-2030

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    Report

  • 171 Pages
  • March 2022
  • Region: Global
  • Allied Market Research
  • ID: 5640405
Description Jump to:
The ostomy drainage bags market was valued at $1,658.38 million in 2020, and is estimated to reach $2,409.38 million by 2030, growing at a CAGR of 3.8% from 2021 to 2030. Ostomy is a surgical procedure in which an artificial opening, known as stoma, is made from the colon of the human body to eliminate body wastes such as urine, mucus, and stools, which are collected in artificial bag called ostomy drainage bag. These plastic/rubber bags or pouches are of two types, including one-piece and two-piece systems. One-piece systems include a skin barrier and a collection pouch together as a single unit that needs to be removed completely when changed, while two-piece systems consist of both a skin barrier and collection pouch as different units such that the skin barrier is retained when changed separating the collection pouch.

Ostomy drainage bags are used in treatment of instance bladder, intestinal, and inflammatory bowel disease (IBD); different types of cancer (e.g., colon cancer, bladder cancer, colorectal cancer, and prostate cancer); Crohn’s disease; and inflamed or irritated areas of colon. These bags can either be temporary or permanent, depending on the patient’s health conditions. In addition, increase in awareness among the population; rise in incidence of colorectal cancer, bladder cancer, urinary tract cancer, Crohn’s disease, and IBD; growth in geriatric population inclining toward ostomy drainage bags; preference for ostomy surgery in both youths & adults; and technical advancements in ostomy products drive the market growth. In addition, increase in western population and access to healthcare services in Asian countries such as Russia, India, and China fuel the growth of the market. The global ostomy drainage bags market is influenced by the availability of reimbursement for ostomy products. These aforementioned factors increase the demand for ostomy drainage bags.

Presently, colostomy, ileostomy, and urostomy bags have witnessed large-scale adoption, owing to increase in geriatric population with colorectal cancer and urinary tract cancer. In addition, according to research study by Vinceza Paola Dinuzzi published in Wound Management & Prevention Journal, in January 2021, it was reported that reorganization of stoma care services, including the availability of telemedicine, did not decline the number of consultations provided. The results suggest that stoma care services using telemedicine may provide valid support for patients with an ostomy in the future.

Conversely, lack of awareness in the developing countries hinder the market growth. Presently, people are more aware of health, which, in turn, compels them to maintain their health condition and increase in demand for ostomy bags. This has encouraged many key players to enter emerging markets, thus offering a lucrative growth opportunity in the ostomy drainage bags market.

The ostomy drainage bags market is segmented on the basis of type and region. By type, the market is categorized into ileostomy, colostomy, and urostomy.

Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some of the major companies that operate in the global ostomy drainage bags market are Alcare Co. Ltd., B. Braun Melsungen AG, Coloplast A/S, Convatec Plc., Flexicare Ltd., Hollistar Incorporated, oakmed Healthcare, Pelican Healthcare Ltd., Salts Healthcare Ltd., and Welland Medical Ltd.

Key Benefits For Stakeholders

  • This report provides an extensive analysis of the current and emerging market trends and dynamics in the global ostomy drainage bags market to identify the prevailing opportunities.
  • This study presents the competitive landscape of the global market to predict the competitive environment across geographies.
  • Comprehensive analysis of factors that drive and restrict the market growth is provided.
  • Region- & country-wise analysis is provided to understand the market trends and dynamics.

Key Market Segments


By Type

  • Colostomy Bags
  • Ileostomy Bags
  • Urostomy Bags
  • Continent Ileostomy Bags
  • Continent Urostomy Bags

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key Market Players

  • ALCARE Co. Ltd.
  • B. Braun Melsungen AG
  • Coloplast A/s
  • ConvaTec Inc.
  • Flexicare Ltd
  • Hollister Incorporated
  • Oakmed Healthcare
  • Pelcin Healthcare Ltd.
  • Salts Healthcare Ltd.
  • Welland Medical Ltd.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: OSTOMY DRAINAGE BAGS MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Colostomy Bags
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Ileostomy Bags
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Urostomy Bags
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Continent Ileostomy Bags
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Continent Urostomy Bags
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
CHAPTER 5: OSTOMY DRAINAGE BAGS MARKET, BY REGION
5.1 Overview
5.1.1 Market size and forecast
5.2 North America
5.2.1 Key trends and opportunities
5.2.2 North America Market size and forecast, by Type
5.2.3 North America Market size and forecast, by country
5.2.3.1 U.S.
5.2.3.1.1 Market size and forecast, by Type
5.2.3.2 Canada
5.2.3.2.1 Market size and forecast, by Type
5.2.3.3 Mexico
5.2.3.3.1 Market size and forecast, by Type
5.3 Europe
5.3.1 Key trends and opportunities
5.3.2 Europe Market size and forecast, by Type
5.3.3 Europe Market size and forecast, by country
5.3.3.1 Germany
5.3.3.1.1 Market size and forecast, by Type
5.3.3.2 France
5.3.3.2.1 Market size and forecast, by Type
5.3.3.3 U.K.
5.3.3.3.1 Market size and forecast, by Type
5.3.3.4 Italy
5.3.3.4.1 Market size and forecast, by Type
5.3.3.5 Spain
5.3.3.5.1 Market size and forecast, by Type
5.3.3.6 Rest of Europe
5.3.3.6.1 Market size and forecast, by Type
5.4 Asia-Pacific
5.4.1 Key trends and opportunities
5.4.2 Asia-Pacific Market size and forecast, by Type
5.4.3 Asia-Pacific Market size and forecast, by country
5.4.3.1 Japan
5.4.3.1.1 Market size and forecast, by Type
5.4.3.2 China
5.4.3.2.1 Market size and forecast, by Type
5.4.3.3 Australia
5.4.3.3.1 Market size and forecast, by Type
5.4.3.4 India
5.4.3.4.1 Market size and forecast, by Type
5.4.3.5 South Korea
5.4.3.5.1 Market size and forecast, by Type
5.4.3.6 Rest of Asia-Pacific
5.4.3.6.1 Market size and forecast, by Type
5.5 LAMEA
5.5.1 Key trends and opportunities
5.5.2 LAMEA Market size and forecast, by Type
5.5.3 LAMEA Market size and forecast, by country
5.5.3.1 Brazil
5.5.3.1.1 Market size and forecast, by Type
5.5.3.2 Saudi Arabia
5.5.3.2.1 Market size and forecast, by Type
5.5.3.3 South Africa
5.5.3.3.1 Market size and forecast, by Type
5.5.3.4 Rest of LAMEA
5.5.3.4.1 Market size and forecast, by Type
CHAPTER 6: COMPANY LANDSCAPE
6.1. Introduction
6.2. Top winning strategies
6.3. Product Mapping of Top 10 Player
6.4. Competitive Dashboard
6.5. Competitive Heatmap
6.6. Key developments
CHAPTER 7: COMPANY PROFILES
7.1 ALCARE Co. Ltd.
7.1.1 Company overview
7.1.2 Company snapshot
7.1.3 Operating business segments
7.1.4 Product portfolio
7.1.5 Business performance
7.1.6 Key strategic moves and developments
7.2 B. Braun Melsungen AG
7.2.1 Company overview
7.2.2 Company snapshot
7.2.3 Operating business segments
7.2.4 Product portfolio
7.2.5 Business performance
7.2.6 Key strategic moves and developments
7.3 Coloplast A/s
7.3.1 Company overview
7.3.2 Company snapshot
7.3.3 Operating business segments
7.3.4 Product portfolio
7.3.5 Business performance
7.3.6 Key strategic moves and developments
7.4 ConvaTec Inc.
7.4.1 Company overview
7.4.2 Company snapshot
7.4.3 Operating business segments
7.4.4 Product portfolio
7.4.5 Business performance
7.4.6 Key strategic moves and developments
7.5 Flexicare Ltd
7.5.1 Company overview
7.5.2 Company snapshot
7.5.3 Operating business segments
7.5.4 Product portfolio
7.5.5 Business performance
7.5.6 Key strategic moves and developments
7.6 Hollister Incorporated
7.6.1 Company overview
7.6.2 Company snapshot
7.6.3 Operating business segments
7.6.4 Product portfolio
7.6.5 Business performance
7.6.6 Key strategic moves and developments
7.7 Oakmed Healthcare
7.7.1 Company overview
7.7.2 Company snapshot
7.7.3 Operating business segments
7.7.4 Product portfolio
7.7.5 Business performance
7.7.6 Key strategic moves and developments
7.8 Pelcin Healthcare Ltd.
7.8.1 Company overview
7.8.2 Company snapshot
7.8.3 Operating business segments
7.8.4 Product portfolio
7.8.5 Business performance
7.8.6 Key strategic moves and developments
7.9 Salts Healthcare Ltd.
7.9.1 Company overview
7.9.2 Company snapshot
7.9.3 Operating business segments
7.9.4 Product portfolio
7.9.5 Business performance
7.9.6 Key strategic moves and developments
7.10 Welland Medical Ltd.
7.10.1 Company overview
7.10.2 Company snapshot
7.10.3 Operating business segments
7.10.4 Product portfolio
7.10.5 Business performance
7.10.6 Key strategic moves and developments
LIST OF TABLES
Table 1. Global Ostomy Drainage Bags Market, by Type, 2020-2030, ($Million)
Table 2. Ostomy Drainage Bags Market Revenue, for Colostomy Bags, by Region, 2020-2030, ($Million)
Table 3. Ostomy Drainage Bags Market Colostomy Bags by Country, 2020-2030, ($Million)
Table 4. Ostomy Drainage Bags Market Revenue, for Ileostomy Bags, by Region, 2020-2030, ($Million)
Table 5. Ostomy Drainage Bags Market Ileostomy Bags by Country, 2020-2030, ($Million)
Table 6. Ostomy Drainage Bags Market Revenue, for Urostomy Bags, by Region, 2020-2030, ($Million)
Table 7. Ostomy Drainage Bags Market Urostomy Bags by Country, 2020-2030, ($Million)
Table 8. Ostomy Drainage Bags Market Revenue, for Continent Ileostomy Bags, by Region, 2020-2030, ($Million)
Table 9. Ostomy Drainage Bags Market Continent Ileostomy Bags by Country, 2020-2030, ($Million)
Table 10. Ostomy Drainage Bags Market Revenue, for Continent Urostomy Bags, by Region, 2020-2030, ($Million)
Table 11. Ostomy Drainage Bags Market Continent Urostomy Bags by Country, 2020-2030, ($Million)
Table 12. Ostomy Drainage Bags Market, by Region, 2020-2030, ($Million)
Table 13. North America Ostomy Drainage Bags Market, by Type, 2020-2030, ($Million)
Table 14. North America Ostomy Drainage Bags Market, by Country, 2020-2030, ($Million)
Table 15. U.S. Ostomy Drainage Bags Market by Type 2020-2030, ($Million)
Table 16. Canada Ostomy Drainage Bags Market by Type 2020-2030, ($Million)
Table 17. Mexico Ostomy Drainage Bags Market by Type 2020-2030, ($Million)
Table 18. Europe Ostomy Drainage Bags Market, by Type, 2020-2030, ($Million)
Table 19. Europe Ostomy Drainage Bags Market, by Country, 2020-2030, ($Million)
Table 20. Germany Ostomy Drainage Bags Market by Type 2020-2030, ($Million)
Table 21. France Ostomy Drainage Bags Market by Type 2020-2030, ($Million)
Table 22. U.K. Ostomy Drainage Bags Market by Type 2020-2030, ($Million)
Table 23. Italy Ostomy Drainage Bags Market by Type 2020-2030, ($Million)
Table 24. Spain Ostomy Drainage Bags Market by Type 2020-2030, ($Million)
Table 25. Rest of Europe Ostomy Drainage Bags Market by Type 2020-2030, ($Million)
Table 26. Asia-Pacific Ostomy Drainage Bags Market, by Type, 2020-2030, ($Million)
Table 27. Asia-Pacific Ostomy Drainage Bags Market, by Country, 2020-2030, ($Million)
Table 28. Japan Ostomy Drainage Bags Market by Type 2020-2030, ($Million)
Table 29. China Ostomy Drainage Bags Market by Type 2020-2030, ($Million)
Table 30. Australia Ostomy Drainage Bags Market by Type 2020-2030, ($Million)
Table 31. India Ostomy Drainage Bags Market by Type 2020-2030, ($Million)
Table 32. South Korea Ostomy Drainage Bags Market by Type 2020-2030, ($Million)
Table 33. Rest of Asia-Pacific Ostomy Drainage Bags Market by Type 2020-2030, ($Million)
Table 34. LAMEA Ostomy Drainage Bags Market, by Type, 2020-2030, ($Million)
Table 35. LAMEA Ostomy Drainage Bags Market, by Country, 2020-2030, ($Million)
Table 36. Brazil Ostomy Drainage Bags Market by Type 2020-2030, ($Million)
Table 37. Saudi Arabia Ostomy Drainage Bags Market by Type 2020-2030, ($Million)
Table 38. South Africa Ostomy Drainage Bags Market by Type 2020-2030, ($Million)
Table 39. Rest of LAMEA Ostomy Drainage Bags Market by Type 2020-2030, ($Million)
Table 40. Alcare Co. Ltd.: Company Snapshot
Table 41. Alcare Co. Ltd.: Operating Segments
Table 42. Alcare Co. Ltd.: Product Portfolio
Table 43. Alcare Co. Ltd.: Net Sales
Table 44. Alcare Co. Ltd.: Key Stratergies
Table 45. B. Braun Melsungen Ag: Company Snapshot
Table 46. B. Braun Melsungen Ag: Operating Segments
Table 47. B. Braun Melsungen Ag: Product Portfolio
Table 48. B. Braun Melsungen Ag: Net Sales
Table 49. B. Braun Melsungen Ag: Key Stratergies
Table 50. Coloplast A/S: Company Snapshot
Table 51. Coloplast A/S: Operating Segments
Table 52. Coloplast A/S: Product Portfolio
Table 53. Coloplast A/S: Net Sales
Table 54. Coloplast A/S: Key Stratergies
Table 55. Convatec Inc.: Company Snapshot
Table 56. Convatec Inc.: Operating Segments
Table 57. Convatec Inc.: Product Portfolio
Table 58. Convatec Inc.: Net Sales
Table 59. Convatec Inc.: Key Stratergies
Table 60. Flexicare Ltd: Company Snapshot
Table 61. Flexicare Ltd: Operating Segments
Table 62. Flexicare Ltd: Product Portfolio
Table 63. Flexicare Ltd: Net Sales
Table 64. Flexicare Ltd: Key Stratergies
Table 65. Hollister Incorporated: Company Snapshot
Table 66. Hollister Incorporated: Operating Segments
Table 67. Hollister Incorporated: Product Portfolio
Table 68. Hollister Incorporated: Net Sales
Table 69. Hollister Incorporated: Key Stratergies
Table 70. Oakmed Healthcare: Company Snapshot
Table 71. Oakmed Healthcare: Operating Segments
Table 72. Oakmed Healthcare: Product Portfolio
Table 73. Oakmed Healthcare: Net Sales
Table 74. Oakmed Healthcare: Key Stratergies
Table 75. Pelcin Healthcare Ltd.: Company Snapshot
Table 76. Pelcin Healthcare Ltd.: Operating Segments
Table 77. Pelcin Healthcare Ltd.: Product Portfolio
Table 78. Pelcin Healthcare Ltd.: Net Sales
Table 79. Pelcin Healthcare Ltd.: Key Stratergies
Table 80. Salts Healthcare Ltd.: Company Snapshot
Table 81. Salts Healthcare Ltd.: Operating Segments
Table 82. Salts Healthcare Ltd.: Product Portfolio
Table 83. Salts Healthcare Ltd.: Net Sales
Table 84. Salts Healthcare Ltd.: Key Stratergies
Table 85. Welland Medical Ltd.: Company Snapshot
Table 86. Welland Medical Ltd.: Operating Segments
Table 87. Welland Medical Ltd.: Product Portfolio
Table 88. Welland Medical Ltd.: Net Sales
Table 89. Welland Medical Ltd.: Key Stratergies
LIST OF FIGURES
Figure 1. Ostomy Drainage Bags Market Segmentation
Figure 2. Ostomy Drainage Bags Market, 2020-2030
Figure 3. Ostomy Drainage Bags Market, 2020-2030
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Ostomy Drainage Bags Market:Drivers, Restraints and Opportunities
Figure 11. Ostomy Drainage Bags Market, by Type, 2020 (%)
Figure 12. Comparative Share Analysis of Colostomy Bags Ostomy Drainage Bags Market, 2020-2030 (%)
Figure 13. Comparative Share Analysis of Ileostomy Bags Ostomy Drainage Bags Market, 2020-2030 (%)
Figure 14. Comparative Share Analysis of Urostomy Bags Ostomy Drainage Bags Market, 2020-2030 (%)
Figure 15. Comparative Share Analysis of Continent Ileostomy Bags Ostomy Drainage Bags Market, 2020-2030 (%)
Figure 16. Comparative Share Analysis of Continent Urostomy Bags Ostomy Drainage Bags Market, 2020-2030 (%)
Figure 17. Ostomy Drainage Bags Market by Region, 2020
Figure 18. U.S. Ostomy Drainage Bags Market, 2020-2030 ($Million)
Figure 19. Canada Ostomy Drainage Bags Market, 2020-2030 ($Million)
Figure 20. Mexico Ostomy Drainage Bags Market, 2020-2030 ($Million)
Figure 21. Germany Ostomy Drainage Bags Market, 2020-2030 ($Million)
Figure 22. France Ostomy Drainage Bags Market, 2020-2030 ($Million)
Figure 23. U.K. Ostomy Drainage Bags Market, 2020-2030 ($Million)
Figure 24. Italy Ostomy Drainage Bags Market, 2020-2030 ($Million)
Figure 25. Spain Ostomy Drainage Bags Market, 2020-2030 ($Million)
Figure 26. Rest of Europe Ostomy Drainage Bags Market, 2020-2030 ($Million)
Figure 27. Japan Ostomy Drainage Bags Market, 2020-2030 ($Million)
Figure 28. China Ostomy Drainage Bags Market, 2020-2030 ($Million)
Figure 29. Australia Ostomy Drainage Bags Market, 2020-2030 ($Million)
Figure 30. India Ostomy Drainage Bags Market, 2020-2030 ($Million)
Figure 31. South Korea Ostomy Drainage Bags Market, 2020-2030 ($Million)
Figure 32. Rest of Asia-Pacific Ostomy Drainage Bags Market, 2020-2030 ($Million)
Figure 33. Brazil Ostomy Drainage Bags Market, 2020-2030 ($Million)
Figure 34. Saudi Arabia Ostomy Drainage Bags Market, 2020-2030 ($Million)
Figure 35. South Africa Ostomy Drainage Bags Market, 2020-2030 ($Million)
Figure 36. Rest of LAMEA Ostomy Drainage Bags Market, 2020-2030 ($Million)
Figure 37. Top Winning Strategies, by Year
Figure 38. Top Winning Strategies, by Development
Figure 39. Top Winning Strategies, by Company
Figure 40. Product Mapping of Top 10 Players
Figure 41. Competitive Dashboard
Figure 42. Competitive Heatmap of Top 10 Key Players
Figure 43. Alcare Co. Ltd. Net Sales, ($Million)
Figure 44. B. Braun Melsungen AG.: Net Sales, ($Million)
Figure 45. Coloplast A/S.: Net Sales, ($Million)
Figure 46. Convatec Inc. Net Sales, ($Million)
Figure 47. Flexicare Ltd.: Net Sales, ($Million)
Figure 48. Hollister Incorporated.: Net Sales, ($Million)
Figure 49. Oakmed Healthcare.: Net Sales, ($Million)
Figure 50. Pelcin Healthcare Ltd. Net Sales, ($Million)
Figure 51. Salts Healthcare Ltd. Net Sales, ($Million)
Figure 52. Welland Medical Ltd. Net Sales, ($Million)

Executive Summary

According to this report titled, 'Ostomy Drainage Bags Market,' the ostomy drainage bags market was valued at $1,658.38 million in 2020, and is estimated to reach $2.4 Billion by 2030, growing at a CAGR of 3.8% from 2021 to 2030.

Ostomy drainage bag is a plastic/rubber bag or pouches utilized to collect waste generated by the patient affected by inflammatory bowel disease (IBD), Crohn’s disease, and different types of cancer. Ostomy surgery is one of the life-saving processes that permits bodily waste, including urine and stool to pass through a surgically performed stoma on the abdomen.

The factor that drives the ostomy drainage bags market growth include rise in applicability of ostomy drainage bags in the medical sector such as hospitals, clinics, and consumers, in terms of both patients and investing firms. Moreover, rise in demand for ostomy drainage bags in geriatric population & people with sedentary lifestyle and stringent government regulations for reducing the complications & risks related with ostomy surgery drive the market. Furthermore, production of ostomy drainage bags on large scale and presence of untapped market in emerging economies provide lucrative growth opportunities for the market.

Growth in patient population suffering from colorectal cancer, bladder cancer, and Crohn’s disease and technological advancements leading to production of efficient, skin-friendly, durable, reusable, waterproof, and economical bags drive the market growth. For instance, in August 2019, according to World Ageing 2019 report, there were around 703 million people aged 65 years or more in the world. Therefore, surge in number of geriatric population increases the usage of ostomy drainage bags because of various life-threatening diseases. In August 2019, United Ostomy Associations of America, Inc., held the 7th National Conference at Pennsylvania on ‘discover the world of ostomy product’. Ostomy producers, accessories producers, retailers, and associated assistance organizations visited this conference. Thus, development of new strategies by key players propels the ostomy drainage bags market growth.

Surge in innovations in advanced level of healthcare product offerings and increase in cases of inflammatory bowel disease further generate lucrative market growth opportunities. In addition, various conditions such as diabetes and obesity rise the demand for ostomy bags, driving the ostomy drainage bags market size.
The ostomy drainage bags industry is segmented on the basis of type and region. On the basis of type, the ostomy drainage bags market analysis is segmented into colostomy bags, ileostomy bags, urostomy bags, continent ileostomy bags, and continent urostomy bags.

The colostomy bags segment dominated the market in 2020, and this trend is expected to continue during the forecast period, owing to increase in number of product approvals, advancements in R&D activities in pharmaceutical & medical device industries, and surge in adoption of ostomy drainage bags products.

Region wise, North America accounted for a majority of the global ostomy drainage bags market share in 2020, and is anticipated to remain dominant during the ostomy drainage bags market forecast period. This is attributed to rise in production of ostomy drainage bags, increase in number of approvals for ostomy products, rise in presence of key players, and surge in development of technology for healthcare. Asia-Pacific is anticipated to witness lucrative growth, owing to increase in number of colorectal cancer cases, rise in demand for ostomy bags, and growth in health care expenditures.

Companies Mentioned

  • ALCARE Co. Ltd.
  • B. Braun Melsungen AG
  • Coloplast A/s
  • ConvaTec Inc.
  • Flexicare Ltd
  • Hollister Incorporated
  • Oakmed Healthcare
  • Pelcin Healthcare Ltd.
  • Salts Healthcare Ltd.
  • Welland Medical Ltd.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages171
PublishedMarch 2022
Forecast Period2020 - 2030
Estimated Market Value ( USD ) in 2020 $ 1658.38 million
Forecasted Market Value ( USD ) by 2030 $ 2409.38 million
Compound Annual Growth Rate3.8%
Regions CoveredGlobal
No. of Companies Mentioned10

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