Ostomy Drainage Bags Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

The global ostomy drainage bags market, projecting significant growth over the next decade. The market, valued at approximately US$ 3.7 billion at the end of 2023, is expected to reach US$ 1.7 billion by 2024 and further expand to US$ 2.17 billion by 2031, with a Compound Annual Growth Rate (CAGR) of 3.5%.

Single Use Segment to Lead the Market

The single use segment is anticipated to hold the largest market value of US$ 1.07 billion by 2024. The segment's growth is driven by the rising prevalence of chronic diseases such as cancer, inflammatory bowel disease (IBD), and renal dystrophy, which increase the demand for single-use ostomy drainage solutions that ensure patient safety and hygiene.

Sales Analysis and Market Outlook

The global ostomy drainage bags market recorded a historic CAGR of 2.6% from 2016 to 2023. This steady growth reflects the increasing need for ostomy procedures among patients with various disorders, including colorectal cancer, which ranks twenty-third globally in terms of disease burden with over 17 million deaths annually. Inflammatory bowel disease affected around 2.5 million U.S. citizens in 2020, with projections suggesting this number will rise to 3.5 million by 2030.

Key Drivers of Market Growth

1. Growing Advancement in Ostomy Bags

Healthcare professionals and facilities are expanding their capacities to meet the rising demand for ostomies. Manufacturers are innovating and enhancing their products, particularly two-piece coupling systems, based on feedback from patients. These technological advancements are expected to significantly improve the quality of life for individuals living with ostomies.

2. Growth in Healthcare Facilities

The increase in healthcare facilities, driven by the prevalence of various diseases and the need for advanced treatments, is contributing to the expansion of the ostomy drainage bags market. Emerging nations are seeing the development of new multispecialty and super-specialty hospitals, creating new opportunities for surgical operations, including ostomies.

3. Increase in Number of Ostomy Surgeries

The global prevalence of ostomy surgeries is increasing, with 0.12% of patients undergoing such procedures. Colostomy, ileostomy, and urostomy are the most common types, with ileostomies being more prevalent among younger individuals. The growing number of ostomy surgeries is expected to substantially increase the demand for ostomy drainage bags.

Challenges Impacting Market Growth

1. Complications Related to Ostomy Drainage Bags

Complications such as peristomal skin issues, higher overall healthcare expenses, and the need for frequent replacements in one-piece systems pose challenges. These complications can lead to skin irritation and leaks, increasing the budgetary costs for patients due to the need for additional accessories like skin barrier pastes and adhesive removers.

2. Growing Cases of Dehydration among Patients After Ostomy Creation

Dehydration, particularly among ileostomy patients, is a major barrier in the ostomy drainage bags market. Acute dehydration can lead to hospital readmissions and, in severe cases, renal failure requiring dialysis. This complication is observed both immediately following surgery and in the weeks or months afterward.

Country-wise Insights

United States: High Healthcare Spending Driving Market Growth

The U.S. accounted for more than 30% of the global ostomy drainage bags market in 2022. With inflammatory bowel disease affecting 1.3% of U.S. citizens as of 2015 and expected to surpass 3 million by 2030, the demand for ostomy drainage bags is set to rise. The presence of key players like Coloplast Corporation will also open up profitable prospects for market expansion.

Germany: Better Reimbursement Policies Fueling Market Expansion

Germany is expected to hold a 7.2% market share in the global ostomy drainage bags market in 2023. The country's well-known manufacturers of medical products and 100% reimbursement policy for ostomy procedures are key factors driving market growth.

Japan: Rising Infant Mortality Rate Augmenting Market

Japan held a 5.9% market share of the global ostomy drainage bags market in 2022. The increasing prevalence of colon, lung, and urinary tract cancer, along with the elderly population, is positively influencing market expansion. Additionally, rising cases of Crohn's disease and inflammatory bowel disease are expected to fuel market growth.

Category-wise Insights

Colostomy Drainage Bags Segment Driving Market Growth

The colostomy drainage bags segment is expected to hold the highest share of around 59.8% of the total ostomy drainage bags market by the end of 2023. The segment's growth is driven by the increasing occurrence of bladder cancer, urine incontinence, and radiation harm.

Single Use Segment Dominating the Market

The single use segment is anticipated to hold a major market share of around 62.2% by the end of 2023. The demand for single-use ostomy drainage solutions is growing due to the high frequency of chronic diseases.

Hospitals Leading the Market

The hospitals segment is expected to hold the larger share of about 42.4% by the end of 2023. The increased burden of colorectal and colon cancers and the preference for in-hospital care and treatment are driving the demand for ostomy procedures in hospitals.

Competition Landscape

Major players in the ostomy drainage bags market are focusing on marketing strategies to broaden their geographic reach and product offerings. Key instances include Welland Medical's introduction of the Aurum® Plus ostomy pouch in June 2021 and SWK Holdings Corporation's $10 million funding to Trio Healthcare in July 2021, enabling the expansion of Trio's production and R&D operations.

Key Market Players Include

• B.Braun Melsungen AG
• Hollister Incorporated
• Alcare Co. Ltd.
• Coloplast Group
• ConvaTec, Inc
• Torbot Group Inc.
• Flexicare Medical Ltd
• Marlen Manufacturing & Development
• Pelcin Healthcare Ltd
• Salts Healthcare Ltd
• Welland Medical Ltd
• Prowess Care
• Oakmed Healthcare
• Goodhealth Inc.

Global Ostomy Drainage Bags market is Segmented as Below:

By Product:

• Colostomy drainage bags
• Ileostomy drainage bags
• Urostomy Bags

By Modality:

• Single Use
• Multi Use

By End User:

• Hospitals
• Clinics
• Surgical Centers
• Home Care Settings
• Diagnostic Laboratories
• Research and Academic Institutes

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East & Africa

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