Latin America Ostomy Care Bags Market To Reach $518.3 Million By 2030

Latin America Ostomy Care Bags Market Growth & Trends

The Latin America ostomy care bags market size is expected to reach USD 518.3 million by 2030, according to a new report by Grand View Research, Inc., registering a 6.6% CAGR 2024 to 2030. Increase in prevalence of chronic diseases, such as inflammatory bowel disease, colorectal cancer, bladder cancer, and fecal and urinary continence, is one of the major factors driving the Latin America ostomy care bags market. Furthermore, rise in geriatric population in most Latin American countries is anticipated to propel market growth.

Increase in new product launches and growing investment by key market players to develop advanced products are among factors that are likely to positively influence the market. For instance, Coloplast Group launched SenSura Mio Concave in April 2018, a new range of ostomy products. These products have an elastic adhesive and star-shaped base plate, allowing them to comfortably fit curved body profiles.

Growing demand for one piece ostomy pouches is expected to boost the market. These products are known for being low profile, which means they are nearly invisible under the clothes. Furthermore, these pouches are more cost effective as compared to others and the flanges attached with them are more secure.

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Latin America Ostomy Care Bags Market Report Highlights

• By application, colostomy held the largest market share in 2023; ileostomy is expected to witness the fastest growth over the forecast period

• On the basis of product, the one piece segment held the dominant share in 2023 and is expected to retain its lead throughout the forecast period. It is also the fastest growing segment

• Home care settings held the largest revenue share on the basis of end use in 2023. The others segment, which comprises ambulatory surgical centers and specialty clinics, is expected to witness the fastest growth through 2030

• Brazil ostomy care bags market accounted for the largest market revenue share of 37.8% in the region in 2023

Latin America Ostomy Care Bags Market Segmentation

Grand View Research has segmented the Latin America ostomy care bags market report based on application, product, end use, and country:

Latin America Ostomy Care Bags Application Outlook (Revenue, USD Million, 2018 - 2030)

• Colostomy Bags

• Ileostomy Bags

• Urostomy Bags

Latin America Ostomy Care Bags Product Outlook (Revenue, USD Million, 2018 - 2030)

• One Piece Bag

• Two Piece Bag

Latin America Ostomy Care Bags End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Home Care Settings

• Hospitals

• Others

Latin America Ostomy Care Bags Country Outlook (Revenue, USD Million, 2018 - 2030)

• Brazil

• Argentina

List of Key Players of Latin America Ostomy Care Bags Market

• Coloplast Group

• Hollister Incorporated

• Convatec Group PLC

• Salts Healthcare Ltd.

• B. Braun SE

• Medline Industries

• Laboratório São Francisco

• Fannin