According to a new report published by Allied Market Research, titled, “Ostomy Drainage Bags Market: Global Opportunity Analysis and Industry Forecast, 2014-2022,” the ostomy drainage bags market was valued at $2,742 million in 2015, and is expected to reach $3,524 million by 2022, growing at a CAGR of 3.6% from 2016 to 2022. High prevalence of colorectal cancer owing to the increase in geriatric population drives the market growth.