San Francisco, 1 February 2019: The Report 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 Research Report of Bowel Management System Market @ www.grandviewresearch.com/industry-analysis/bowel-management-systems-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 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
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
Access
Press Release of Bowel Management System
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.
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