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Global Disposable Ostomy Bags Revenue Is 2171.52 Million USD In 2018
Wednesday, 06 May, 2020
Disposable Ostomy Bags is a prosthetic medical device that provides a means for the collection of waste from a surgically diverted biological system (colon, ileum, bladder) and the creation of a stoma. Pouching systems are most commonly associated with colostomies, ileostomies, and urostomies.

In the last several years, global market of Disposable Ostomy Bags developed stably, with an average growth rate of 4.3%. In 2018, global revenue of Disposable Ostomy Bags is 2171.52 Million USD.

The classification of Disposable Ostomy Bags includes One Piece Bag and Two Piece Bag. The proportion of Two Piece Bag in 2018 is about 34.25%, and the proportion of One Piece Bag in 2018 is about 65.75%.

Based on application, the Disposable Ostomy Bags market is segmented into Colostomy, Ileostomy and Urostomy. Colostomy segment accounted for larger market share in terms of sales in 2018, Colostomy segmented accounted for more than 52% of the market share in 2018.

Heightened awareness about the Ostomy procedure is another key factor that fuels the demand for Disposable Ostomy Bags. Greater number of cases of IBD (inflammatory bowel disease) and Crohn’s disease is also a prominent factor propelling the global demand for Disposable Ostomy Bags.

Europe is the largest consumption place, with a consumption revenue market share nearly 44.87% in 2018. Following Europe, North America is the second largest consumption place with the consumption revenue market share of 31% in 2018.

Market competition is intense. Coloplast, ConvaTec, Hollister, B. Braun, Salts Healthcare, etc. are the leaders of the industry, and hold the key technologies and patents, with high-end customers. They have formed global market channel of the industry. However, with the future expanding market, there will be more manufacturers in the future.