Published Date: 24-Nov-2022
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According to a new report, published by KBV research, The Global Ostomy Drainage Bags Market size is expected to reach $2.1 billion by 2028, rising at a market growth of 4.1% CAGR during the forecast period.
The Colostomy Bags market is leading the market in the Global Ostomy Drainage Bags Market by Type in 2021; thereby, achieving a market value of $633.4 million by 2028. It is due to the increase in the number of product approvals, developments in R&D activities in the pharmaceutical and medical device sectors, and a rise in ostomy drainage bag goods usage, the market is expected to expand.
The Ambulatory Surgical Centers market is exhibiting a CAGR of 4.7% during (2022 - 2028). It is because colostomy drainage bags are widely utilized in ambulatory surgery centers to efficiently manage and treat patients' health, which in turn supports segmental advancement. Ostomy care bags are often utilized in ambulatory surgery centers to collect waste gas and liquid emanating from ostomies.
The North America market dominated the Global Ostomy Drainage Bags Market by Region in 2021; thereby, achieving a market value of $785.8 million by 2028. The Europe market is poised to grow at a CAGR of 3.7% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 4.6% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of B. Braun Melsungen AG, Coloplast Group, ConvaTec Group PLC, Flexicare Medical Ltd., Hollister, Inc., ALCARE Co., Ltd., Oakmed Limited, Pelican Healthcare Limited, Salts Healthcare Ltd. and Welland Medical Limited
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