Ostomy Drainage Bags Market Segmented By Colostomy Drainage Bags, Ileostomy Drainage Bags, Urostomy Drainage Bags Product in Single-Use, Multi-Use Ostomy Drainage Bags Modality
Industry: Healthcare
Published Date: December-2022
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 274
Report ID: PMRREP3650
Worldwide revenue from the ostomy drainage bags market stands at US$ 1.77 Bn in 2023, with the global market estimated to surge ahead at a CAGR of 3.2% to reach a valuation of US$ 2.37 Bn by the end of 2033.
Attributes | Key Insights |
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Market Size (2024) |
US$ 1.77 Bn |
Projected Market Value (2033) |
US$ 2.37 Bn |
Global Market Growth Rate (2024-2033) |
3.2% CAGR |
Market Share of Top 5 Countries |
57.8% |
As assessed by Persistence Market Research, single use segment is expected to hold a largest market value of US$ 1.07 Bn by 2024. Overall, ostomy drainage bags market sales account for approximately 45.0% revenue share in the global ostomy care market, which was valued at around US$ 3.7 Bn at the end of 2023.
The global market for ostomy drainage bags recorded a historic CAGR of 2.6% in the last 6 years from 2016 to 2023.
The need for ostomy procedures among patients has increased due to the growing prevalence of various disorders such cancer, inflammatory bowel disease, and renal dystrophy. With over 17 million deaths yearly, colorectal cancer ranks twenty-third in the world in terms of disease burden.
Additionally, ostomy drainage bags are needed for waste collection both before and after surgery for the treatment of several types of colostomies, including cecostomy, ascending, loop, and double barrel.
The rapidly ageing population and the rise in surgical procedures involving the formation of an intestinal stoma are two factors that have contributed to an increase in ostomy surgeries in recent years. IBD and ulcerative colitis prevalence have also significantly increased, particularly in the ageing population. In developed economies, these diseases are more prevalent.
The frequency of ostomy surgeries has increased globally as a result of an increase in the prevalence of some diseases and vulnerability to risk factors such changing dietary habits and increasing drug consumption.
The global market is thus likely to show high growth over the coming years at a CAGR of 3.2% and reach a global market size of US$ 2.3 Bn by 2033.
“Growing Advancement in Ostomy Bags”
Healthcare professionals and patient care facilities are working hard to expand their capacities to provide ostomy care to patients in response to the rising demand for ostomies. Due to the high demand, manufacturers of ostomy products have been forced to innovate and enhance their products while also maintaining a steady supply of essential aid, such as ostomy drainage bags.
“Growth in Healthcare Facilities”
The prevalence of various diseases, the need for more healthcare services, and the abundance of healthcare practitioners are all contributing reasons to the expansion of healthcare facilities. Patients are choosing advanced treatments like ostomy operations as a result of rising healthcare costs.
“Increase in Number of Ostomy Surgeries”
The percentage of patients who have had ostomy surgery is 0.12% worldwide. Colostomy (0.07% of all ostomy types), ileostomy (0.04%), and urostomy (0.02%) are the three most prevalent ostomy types. Ostomies are typically either permanent (56%) or temporary or reversible (44%). Ileostomies are more common in younger individuals.
Thus, a growing number of ostomy surgeries is expected to substantially surge the demand for ostomy drainage bags.
“Complications Related to Ostomy Drainage Bags”
A study published in the Journal of Wound, Ostomy, and Continence Nursing found that within 90 days of surgery, almost one-third of ostomy patients experienced peristomal skin complications. These consequences are linked to higher overall healthcare expenses and a higher risk of readmission to the hospital.
“Growing Cases of Dehydration among Patients After Ostomy Creation”
The likelihood of acute dehydration following ostomy surgery has been a major barrier in the market for ostomy drainage bags. Patients with ileostomies are frequently reported to have the highest rates of dehydration (along with electrolyte imbalance). These complications are observed both right away following an ostomy procedure and even a few weeks or months later.
Why is the U.S. Market Booming?
“High Healthcare Spending”
The U.S. accounted for more than 30% market share in the global ostomy drainage bags market in 2022.
Inflammatory bowel disease had affected 1.3% of U.S. citizens as of 2015, according to the CDC estimates. By 2030, it is predicted that this number will surpass 3 million. As a result, ostomy drainage bags’ demand will increase in the future. Also the presence of key players like Coloplast Corporation's presence will also open up profitable prospects for the market to expand.
Will the Germany Be a Lucrative Market for the Manufacturers?
“Better Reimbursement Policies”
With a 7.2% market share, Germany will hold a fair amount of share in global ostomy drainage bags market in 2023.
There are numerous well-known manufacturers of medical products in Germany. Patients who need ostomy procedures can receive a 100% reimbursement in Germany. As a result, there is a rise in the use ostomy care products because there are no out-of-pocket costs. This is one of the important factor that will contribute to the country's market growth.
How is Japan Emerging as a Prominent Market for Ostomy Drainage Bags?
“High Infant Mortality Rate to Augment the Market”
Japan held a market share of about 5.9% of the global ostomy drainage bags market in 2022.
The prevalence of colon, lung, and urinary tract cancer is rising along with the elderly population, which is positively influencing market expansion. In addition, it is anticipated that rising cases of Crohn's disease and inflammatory bowel illness will fuel the nation's ostomy drainage bag market's expansion.
Which Product is Driving Growth of the Global Market?
“Rising Rate of Colostomy Procedures”
Colostomy drainage bags segment is expected to hold highest share of around 59.8% of the total ostomy drainage bags market by the end of 2023.
Colostomy drainage bags are medical equipment used to collect stools or urine. These are typically used in conjunction with colostomies. Thus, a key reason driving the segment is an increase in the occurrence of bladder cancer, urine incontinence, and radiation harm.
Which Modality Segment Has Dominated the Market Globally?
“Increased Preference of Patients for Ostomy Procedures”
Single use segment is anticipated to hold a major market share of around 62.2% at the end 2023.
Patients' demand for ostomy procedures has increased because of the high frequency of chronic diseases such as cancer, inflammatory bowel disease, and renal dystrophy. As a result, single-use ostomy drainage solutions that guarantee patient safety have become more widely used.
Which End User is Expected to Emerge as a Market Leader in the Future?
“Preference for in-Hospital Care and Treatment”
Hospitals segment is expected to hold the larger share of about 42.4% by the end of 2023.
Due to increased burden of colorectal and colon cancers, there is high need for ostomy procedures among the suffering patients, patients are admitting themselves in hospitals for appropriate treatment under professional guidance. The large patient pool and their preference towards hospitals care has helped the hospitals dominate the segment.
The major players of ostomy drainage bags are concentrating on marketing plans to broaden both their geographic reach and product offering. In order to dominate the market, the players operating in the market are concentrated on pricing methods. Manufacturers are also using enticing discounts, a robust network of distributors for supplies and equipment, collaborations with national and international retailers, and long-term alliances with ambulatory surgical centres, clinics, hospitals, and other distribution channels.
Key instances include:
Attribute | Details |
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Forecast Period |
2024-2033 |
Historical Data Available for |
2016-2023 |
Market Analysis |
USD Billion for Value |
Key Countries Covered |
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Key Market Segments Covered |
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Report Coverage |
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Key Companies’ Profile |
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Customization & Pricing |
Available upon Request |
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Modality:
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The global market is currently valued at around US$ 1.67 Bn in 2022.
Sales of the market are set to witness growth at a CAGR of 3.2% and be valued at around US$ 2.37 Bn by 2033.
Demand for the market increased at a 2.6% CAGR from 2016 to 2022.
U.S., China, Germany, Brazil, and Japan accounted for the major share in the global market as of year 2022, holding around 57.8% market share.
The U.S. accounted for more than 30% market share in the global ostomy drainage bags market in 2022.
Latin America accounts for around 11.1% share of the global market in 2022.
Japan held a market share of about 5.9% of the global ostomy drainage bags market in 2022.
With a 7.2% market share, Germany will hold a fair amount of share in global ostomy drainage bags market in 2023.
UK is set to expand at a CAGR of close to 3.8% over the forecast duration.
India is set to expand at a CAGR of close to 4.0% over the forecast duration.