San Francisco, 24 January, Bowel
Management Systems Market Size, Share & Trends Analysis Report By Product
(Colostomy Bags, Irrigation Systems, Nerve Modulation Devices), By Patient
Type, By End Use, And Segment Forecasts, 2018 - 2025 .
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, favorable reimbursement
scenario has also been favoring the growth of the market.
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 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.
Access Full Research
Report On Bowel Management Systems Market Analysis:
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 high prevalence of
fecal incontinence among adults
·
The home care segment was the
leading segment in the market in 2017, owing to rising adoption of bowel
management products in home care settings. The segment is also poised to
witness the highest CAGR during the forecast period
·
North America and Europe accounted
for sizeable cumulative share in the market in 2017. These regions experience
high usage rate of bowel management systems and are marked by 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.
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the
global bowel management system market on the basis of product, patient type,
end use, and region:
Bowel Management System Product
Outlook (Revenue, USD Million, 2014 - 2025)
·
Colostomy Bags
·
Irrigation Systems
·
Nerve Modulation Devices
·
Others
Bowel Management System Patient
Type Outlook (Revenue, USD Million, 2014 - 2025)
·
Adult
·
Pediatric
Bowel Management System End-use
Outlook (Revenue, USD Million, 2014 - 2025)
·
Home Care
·
Hospitals and Ambulatory
Surgery Centers
Bowel Management System
Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
U.K.
o
Germany
·
Asia Pacific
o
Japan
o
China
o
India
·
Latin America
o
Brazil
o
Mexico
·
MEA
o
South Africa
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-bowel-management-systems-market
www.grandviewresearch.com/press-release/global-bowel-management-systems-market
About Grand View
Research
Grand View Research, Inc.
is a U.S. based market research and consulting company, registered in the State
of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information:
www.grandviewresearch.com/
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