The global bowel management system market is expected to reach USD 2.25 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.3% during the forecast period. Rising incidence of fecal incontinence coupled with growing government initiatives to raise awareness about bowel management is likely to drive the market. Furthermore, a favorable reimbursement scenario has also been favoring the growth of the market.
Further key findings from the report suggest
- Colostomy bags were the largest segment in 2017 and are likely to witness the fastest growth over the forecast period due to factors such as their high usage rate and well-structured reimbursement policies across developed regions
- The adult segment dominated the market in terms of revenue in 2017 owing to factors such as the high prevalence of fecal incontinence among adults
- The home care segment was the leading segment in the market in 2017, owing to the rising adoption of bowel management products in homecare settings. The segment is also poised to witness the highest CAGR during the forecast period
- North America and Europe accounted for a sizeable cumulative share in the market in 2017. These regions experience high usage rate of bowel management systems and are marked by the presence of significant key players such as 3M and Medtronic
- Asia Pacific is expected to exhibit the fastest growth during the forecast period due to unmet clinical needs and need for better diagnosis
- Some of the prominent players operating in this space are Mederi Therapeutics Inc.; Aquaflush Medical Limited; Medtronic; Coloplast; C.R. Bard; 3M; Consure Medical; B. Braun; Cogentix Medical; ConvaTec; Axonics Modulation Technologies; Welland Medical Limited; MBH-International A/S; and Wellspect HealthCare
- Key players are adopting strategies such as expanding their geographic reach, increasing R&D activities, rising number of collaborations, growing awareness programs, technological advancements, and launching new products to increase their market share.
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Bowel management systems are an important tool to manage fecal incontinence. According to the International Foundation for Gastrointestinal Disorders, fecal incontinence affects 6.9% of adult females and 7.4% of adult males. It has also been estimated that around 20.0% of people with irritable bowel syndrome have bowel incontinence.
In addition, different organizations such as United Ostomy Associations of America, Inc., and Colostomy U.K. are working towards raising awareness about ostomy. They are focused on empowering and supporting people who have had an ostomy. Also, government bodies globally are introducing programs to provide support to individuals with a stoma by improving access to clinically appropriate and most suitable stoma-related products. These are some of the factors that are promoting the growth of the market.
List of major companies in the Bowel Management Systems Market
- Medtronic
- Coloplast
- 3M
- Braun
- Consure Medical
- R. Bard
- Cogentix Medical
- Axonics Modulation Technologies
- Aquaflush Medical Limited
- ConvaTec
- MBH-International A/S
- Hollister
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We have segmented the global bowel management system market on the basis of product, patient type, end use, and region.
Bowel Management System Product Outlook
- Colostomy Bags
- Irrigation Systems
- Nerve Modulation Devices
- Others
Bowel Management System Patient Type Outlook
- Adult
- Pediatric
Bowel Management System End-use Outlook
- Home Care
- Hospitals and Ambulatory Surgery Centers
Bowel Management System Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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