Global Ostomy Bag Market

Global Ostomy Bag Market Size, Trends & Analysis - Forecasts to 2026 By Type of Usability (Drainable Bags and Closed-End Bags), By Type of Pouch (One-piece System and Two-piece System), By Type of Surgery (Ileostomy, Colostomy, and Urostomy), By Type of Product Convexity (Flat Base Bags, Concave Bags, and Convex Bags [Light Convex, Deep Convex, and Soft Convex]), By Type of Coupling System (Mechanical System and Adhesive System), By Type of Region (NA [North America], Europe, APAC [Asia Pacific], MEA [the Middle East & Africa], and CSA [Central & South America]), End-User Landscape, Vendor Landscape, Company Market Share Analysis & Competitor Analysis

Category Healthcare
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Ostomy Bag Market Insights

The ostomy bag market is compiled to compose a noticeable enhancement in CAGR by 3.5% during the forecast period (2020-2026). Ostomy, a surgical procedure helps to accumulate human waste such as urine and stool. As the primary focus has shifted towards curbing the rising cases for COVID-19, this development has resulted to lower surgical procedures. This shift has impacted the growth of the market depicting a consecutive decline for some months. However, as the global lockdown has been lifted, resulting in the restoration of the comprehensive operation of hospital administration. Hence, the ostomy bag market will testify steadfast inflation in the forecast period. Funding for research and development, an increase in the generic population, and the active initiations by firms for ostomy products are the fundamental drivers of the global ostomy bag market.

Ostomy Bag Market

Ostomy Bag Market: By Type of Usability

The usability of ostomy bags can be viewed as drainable bags and closed-end bags. The closed-end bags segment is defined to provide the largest share in the ostomy bag market. Technological progressions in the healthcare domain, build-up in end users, and venture capitalists funding in research & development behave as the drivers reshaping the development of the global market.

Ostomy Bag Market: By Type of Pouch

Market segmentation based on the pouch is a one-piece system and two-piece system. The collection pouch and a skin barrier are contained in a one-piece system as a single unit and require to be removed wholly during waste discharge whereas a two-piece system has two separate units for the collection pouch and skin barrier where the collection bag and skin barrier can be separated efficiently. Two-piece systems will lead the global ostomy bag market during the forecast period due to the propellors such as an increase in generic population, mounting incidence of diabetics, and increasing cases of colorectal cancers.

Ostomy Bag Market: By Type of Surgery

Based on surgery, an ostomy bag can be noticed in patients who have undergone procedures like Ileostomy, Colostomy, and Urostomy. Colostomy will thrive as the fastest-growing segment in the market in the projection period. An increase in the number of diabetic patients, increasing surgical procedures, and abundant invasion of driving companies are some of the key facets driving the growth of the global market.

Ostomy Bag Market: By Type of Product Convexity

Flat base bags, concave bags, and convex bags are the types of product convexity remarked in the ostomy bag market where light convex, deep convex, and soft convex are the sub-fragmentation of convex bags. Flat base bags will contrive the market in the forecast period. Increasing cases of renal dystrophy, significant cases of IBD, and a rise in colorectal cancer cases are the sailors of the expansion of the market.

Ostomy Bag Market: By Type of Coupling Systems

Based on the coupling systems, the divisions can be described as a mechanical system and an adhesive system. The adhesive system will register the fastest growth during the subsequent years due to key navigators such as the government initiatives towards the improvement of healthcare facilities, Increasing cases of urinary tract cancer, and the rise in obese patients due to an unhealthy lifestyle.

Ostomy Bag Market

Ostomy Bag Market: By Region

Based on the geographical analysis, Europe has persisted as the foremost region however, North America will appear to perform magnificent ascension in the global market. Remodeling in hospital infrastructure in North American countries, towering of the aging population, and the prevalence of ulcerative colitis is the factors motoring the global ostomy bag market.

Ostomy Bag Market Share and Competitor Analysis

The 3M Company, Alcare Co. Ltd., Convatec Group plc, Coloplast A/S. Nu-Hope Laboratories Inc, Perma-Type, Welland Medical Ltd., Schena Ostomy Technologies Inc, Marlen Manufacturing & Development Company, Flexicare Medica; Ltd, Hollister Inc, B.Braun, Baohe Ostomy Care, Nu-Hope Laboratories Inc, Smith & Nephew, and other Industry are the dominant players in the market.

Please note: This is not an exhaustive list of companies profiled in the report.

In November 2017, Flexicare Medica Ltd acquired Medisize B.V to expand its presence in European countries.

Related Report: Global Ostomy Care Market Size, Trends & Analysis - Forecasts to 2026

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The Global Ostomy Bag Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Ostomy Bag Market

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Ostomy Bag Market.

Ostomy Bag Market

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Ostomy Bag Market

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.

Ostomy Bag Market

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