Portland, OR, July 03, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global Ostomy Drainage Bags Market generated $1.65 billion in 2020, and is expected to reach $2.40 billion by 2030, witnessing a CAGR of 3.8% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
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Surge in prevalence of inflammatory bowel diseases & colorectal cancer cases and development of new ostomy products by a large number of key players drive the growth of the global ostomy drainage bags market. Moreover, the launch of innovative products that cater to needs and comfort of patients and rise in number of approvals by regulatory bodies create new opportunities in the coming years.
Covid-19 Scenario:
- The demand for ostomy drainage bags reduced considerably due to postponement or cancellation of many ostomy surgeries. This is due to shift in hospital resources to take care of increase in number of Covid-19 infected patients.
- Only acute ostomy surgeries were carried out during the initial stages of the pandemic. However, the demand is expected to rise post-pandemic as the number of surgeries increase steadily.
The report offers detailed segmentation of the global ostomy drainage bags market based on type and region.
Based on type, the colostomy bags…
