An example of an inflammatory bowel disease (IBD) is Crohn's disease, which can affect any region of the digestive system, including the mouth and the stomach, increasing the demand for colostomy bags. As Crohn's disease is more prevalent in smokers, the Centres for Disease Control and Prevention (CDC) estimates that 1.0–1.3 million persons have inflammatory bowel disease (IBD). According to the Centres for Disease Control and Prevention (CDC), approximately 54,000 men and 17,000 women in the United States are diagnosed with bladder cancer each year, which considerably supports the industry's increased growth rate. Over the course of the projection period, it is anticipated that the statistics mentioned above will play a significant role in the market expansion for colostomy bags.
The market for Disposable Blood Bags is anticipated to reach a value of $255.4 million in 2023 and grow at a CAGR of 5.47% from 2023 to 2030.
Prominent Companies in the Colostomy Bags Industry:
1. Coloplast: Coloplast is a major player in the management of ostomies and the care of incontinence. The company creates, produces, and sells intermittent catheters, paste, powder, and disposable containment devices for ostomy care. Built in 1954. Headquarters at Denmark's Humlebaek. Atos Medical will be purchased by Coloplast in a $2.5 billion agreement.
2. ConvaTec: Established in 1978. ConvaTec was first separated from Bristol-Myers Squibb and creates, produces, and sells for use in acute-care hospitals and chronic-care homes, advanced wound care, ostomy, continence care, and infusion sets are available. Located in England, in the United Kingdom. Triad Life Sciences Inc. was acquired by Convatec Group, allowing them to access the lucrative wound biologics market
3. Marlen: Kitchen appliance designers and manufacturers for the food processing industry. Built in 1945. Headquarter of the United States. Marlen International, Inc., a global manufacturer of highly engineered food processing equipment and systems, has formally teamed with MT Food Systems in order to further assist the expansion of equipment solutions for food processing throughout Asia and Oceania.
4. B. Braun Oakmed: For intensive care, extracorporeal blood therapy, cardiology, anaesthesia, and operations, the company provides products and product systems, empowering medical staff and patients to make the best choices possible. Built in 1838. Headquarters in Germany's Melsungen. The unique Clik-FIX catheter securement device portfolio was bought by B. Braun Medical Inc., a pioneer in infusion therapy and pain management, from Starboard Medical Inc.
5. Welland Medical: producer of medical equipment. The business manufactures, markets, and distributes personal care items, electrotherapy equipment, and durable medical equipment. Founded 1988. Located in England, in the United Kingdom.
*Definition: A colostomy bag is a plastic bag that collects fecal matter from the digestive tract through an opening in the abdominal wall called a stoma.
