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