Global Ostomy Drainage Bags Market 2017-2021

Global ostomy drainage bags market forecast

According to ostomy drainage bags industry anlaysis, the global ostomy drainage bags market will grow at a CAGR of close to 5% during the forecast period. Ostomy drainage bags are required by patients who underwent surgery in the colon, ileum, or gall bladder. Different type of ostomy drainage bags are used for different types of surgery. Colostomy drainage bag is used by a patient who has undergone a colostomy. An open-ended colostomy bag is known as multiple-use bags and is not discarded after use. Closed-end ostomy pouches cannot be reused and discarded after every use. Other types of bags available in the market include a one-piece or two-piece bags. The wide range of products enables end-users to select the drainage bag based on the material it is made of such as plastic, polyethylene terephthalate (PET), or rubber. This wide availability of multiple products is one of the key factors that will stimulate the growth of the market during the estimated period.

Based on the ostomy drainage bags industry insights, the Americas contributed to the maximum market shares during 2016. This is mainly due to the presence of a large number of vendors and advanced healthcare facilities. The market will continue to grow in the region throughout the predicted period due to the rising awareness about the availability of ostomy drainage bags among home care users. The demand for ostomy drainage bags will further increase in this region due to the rising incidences of cancer and bowel diseases.

Competitive landscape and key vendors

The ostomy drainage bags market is characterized by the presence of many regional and international players and is highly competitive. The vendors intensely compete against each other to gain more market shares. With the international players trying to enhance their footprint in this market, the regional vendors are increasingly finding it difficult to compete against these large players especially in terms of quality, pricing, market reach, and financial resources.

Key vendors in this market are -

• B. Braun Melsungen
• Coloplast
• ConvaTec
• Hollister

Other prominent vendors in the market include ALCARE, C.R. Bard, Cymed Ostomy, Dynarex, Flexicare Medical, Medline Industries, Peak Medical, Pelican Healthcare, Teleflex, and Welland Medical.

Segmentation by end-user and analysis of the ostomy drainage bags market

• Healthcare
• Homecare

The healthcare segment comprises of hospitals, clinics, and patient care centers. This segment contributed to the maximum shares during 2016 due to the increasing use of ostomy drainage bags by inpatients. The number of hospitals and diagnostic centers is increasing to meet the unmet patients' needs and to carry out ostomy surgeries. This will boost the supply of ostomy drainage bags until the end of 2021 because they are used as a support care during surgeries and treatments.

Segmentation by application and analysis of the ostomy drainage bags market

• Colostomy
• Ileostomy
• Urostomy

Colostomy is recommended to a patient with bowel disease. Colostomy surgery is also recommended in case of cancers such as colon cancer and rectal cancer. The need for permanent colostomy surgery and ostomy drainage bags will increase in the forthcoming years due to the rising number of colorectal cancer cases that are caused by genetic disorders, diseases in the intestine, and side effects of the treatment.

Key questions answered in the report include

• What will the market size, market forecast and the growth rate be in 2021?
• What are the key factors driving the global ostomy drainage bags market?
• What are the key market trends impacting the growth of the global ostomy drainage bags market?
• What are the challenges to market growth?
• Who are the key vendors in the global ostomy drainage bags market?
• What are the market opportunities and threats faced by the vendors in the global ostomy drainage bags market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global ostomy drainage bags market?

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