The latest report by IMARC, titled “Colostomy Bags Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, finds that the global colostomy bags market size reached US$ 1.2 Billion in 2022. Colostomy, also known as bowel diversion therapy, refers to a surgical process wherein one end of the large intestine (colon) is diverted into an opening on the patient’s abdomen to eliminate body wastes. A colostomy bag is used to collect the waste products after a colostomy surgery. These bags are made of skin-friendly materials, including rubber or plastic, and ease waste disposal. It is used to reduce, heal or stop the infection, blockage, or in rare cases, severe colon trauma when the patient suffers from lower bowel problems.
Global Colostomy Bags Market Trends:
One of the primary factors driving the market is the rising prevalence of Crohn’s disease and inflammatory bowel syndrome. Additionally, the increasing geriatric population diagnosed with urinary, colorectal and bladder tract problems are extensively using colostomy bags, thereby creating a positive market outlook. Other than this, the increased risk associated with ostomy surgery, in confluence with the discomfort from carrying a drainage bag, is positively influencing the market growth. Besides this, governments of numerous nations are taking various initiatives to spread awareness regarding colostomy processes performed to treat numerous diseases, including colorectal cancer. In line with this, numerous technological advancements are leading to the production of colostomy bags that are skin-friendly, durable, waterproof, and unbreakable. On account of these factors, IMARC Group expects the market value to reach US$ 1.4 Billion by 2028, expanding at a CAGR of 2.13% during the forecast period (2023-2028).
- Based on the type, the market has been bifurcated into drainable stoma bags and care accessories. Currently, drainable stoma bags represent the largest segment of the market.
- On the basis of the end user, the market has been segregated into retail pharmacies, hospitals, outpatient clinics, community healthcare centers, and others. Retail pharmacies represent a major segment of the market.
- Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
- The competitive landscape of the market has also been analyzed, with some of the key players being B. Braun, Coloplast, ConvaTec, Hollister, Marlen, Oakmed, TG Eakin, and Welland Medical.
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