According to Vision Research Reports, the Bowel Management Systems Market value reached at US$ 2.1 billion in 2020 and projected to hit US$ 2.9 billion by 2030, expand at a moderate CAGR of 4.1% from 2021 to 2030.
According to Vision Research Reports, the Bowel Management Systems Market value reached at US$ 2.1 billion in 2020 and projected to hit US$ 2.9 billion by 2030, expand at a moderate CAGR of 4.1% from 2021 to 2030.
North America held a major share of the global bowel management systems market in 2020 due to high healthcare spending, advanced healthcare infrastructure, and high awareness about bowel management devices. The bowel management systems market in Asia Pacific is expected to expand at a high CAGR of 5.1% from 2021 to 2031 due to increase in healthcare expenditure and geriatric population in the region.
Rise in prevalence of fecal incontinence, increase in geriatric population, and surge in acceptance of bowel management products are key factors projected to drive the global bowel management systems market during the forecast period.
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Rise in Prevalence of Fecal Incontinence to Drive Market
Fecal incontinence is among the most common pathophysiological medical conditions found in the geriatric population and women, worldwide. Fecal incontinence significantly affects a patient’s quality of life. Bowel management systems play an important role in improving the lifestyles of people suffering from the disorder and making their condition better. The rise in prevalence of fecal incontinence is projected to drive the global bowel management systems market during the forecast period.
An article published by the National Center for Biotechnology Information in 2020 stated that the overall reported prevalence of fecal incontinence ranges from 2% to 21%, with a median of 7.7%.
Systems with Odor-proof Coating, Robust Collection Bag Features Preferred
Manufacturers in the bowel management systems market are increasing their production capabilities in products that offer the possibility to flush the device if needed and take samples via the sampling port. Primed HalberstadtMedizintechnik GmbH - a medical equipment manufacturer is being publicized for its DIARFLEX® ADVANCED stool management system, which can be administered rectally via the irrigation connector. Med-tech companies are taking cues from such innovations to develop systems that provide special odor-proof coating.
Companies are developing bowel management systems with collection bag features such as an additional active carbon filter. An increasing number of companies in the bowel management systems market is realizing the importance of R&D investments to offer a dynamic and comprehensive range of products.
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Overview
The report includes an elaborate executive summary, which provides a snapshot of various segments of the global bowel management systems market. It also provides information and data analysis of the bowel management systems market about segments based on product, patient type, end user, and region.
The overview section of the report provides a detailed qualitative analysis of drivers, restraints, and opportunities that impact the global bowel management systems market.
The report includes company profiles, which provide information about their business, product portfolios, and competition landscape in the global bowel management systems market.
The report on the bowel management systems market offers market attractiveness analysis of regions and segments.
The last section of the report comprises quantitative and qualitative analyses on market share/position of key players operating in the global bowel management systems market. It analyzes key competitive strategies adopted by major industry players, thereby presenting a thorough understanding of the competitive scenario in the global bowel management systems market.
Report Highlights
In terms of product, the global bowel management systems market has been bifurcated into systems and accessories. The systems segment dominated the global bowel management systems market in 2020, and the trend is anticipated to continue during the forecast period. The growth of the segment can be attributed to increase in rate of adoption of bowel management systems in emerging markets.
In terms of patient type, the global bowel management systems market has been classified into adult and pediatric. The adult segment held a major share of the global bowel management systems market in 2020. Fecal incontinence is more common in adults due to greater prevalence of neurologic diseases and weaker muscle tone.
Based on end user, the global bowel management systems market has been divided into hospitals, ambulatory surgical centers, and home care settings. The hospitals segment dominated the market in 2020, owing to a large patient base and high adoption of bowel management systems in hospitals.
In terms of region, the global bowel management systems market has been segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America is projected to account for a leading share of the global bowel management systems market during the forecast period. High prevalence of fecal incontinence and increase in geriatric population are the major factors driving the market in the region. According to the Population Reference Bureau, the geriatric population in the U.S. is anticipated to double from 52 million in 2018 to 95 million by 2060.
The market in Europe is expected to expand at a high CAGR in the near future, owing to the presence of local as well as global players and an increase in the demand for bowel management systems devices in the region. The bowel management systems market in Asia Pacific is likely to grow at a rapid pace in the near future. Rise in awareness and increase in healthcare expenditure in countries in the region are projected to propel the market in Asia Pacific over the next few years. Japan, India, and China are anticipated to be lucrative markets for bowel management systems during the forecast period.
Key Players
Key players operating in the global bowel management systems market are Axonics, Inc., Becton, Dickinson and Company, B. Braun Melsungen AG, Coloplast Group, ConvaTec Group, plc, Consure Medical, Hollister Incorporated, Laborie Medical Technologies, Corp., ProSys International Ltd., Renew Medical, Inc., Welland Medical Limited, Qufora A/S, Medtronic, Wellspect HealthCare, and TG Eakin. These companies engage in research & development to develop novel products in order to expand product offerings and customer base. Medtronic received the U.S. FDA approval for its InterStim Micro neurostimulator and InterStimSureScan MRI leads for bladder and bowel control conditions in 2020.
Market Segmentation
- By Product
- Systems
- Colostomy Bags
- Irrigation Systems
- Sacral Neuromodulation Systems
- Others
- Accessories
- Plugs
- Catheters
- Implants
- Anal Sphincters
- Stool Bags
- Others
- Systems
- By Patient Type
- Adult
- Pediatric
- By End User
- Hospitals
- Ambulatory Surgical Centers
- Home Care Settings
- By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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