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Global Market Study on Bowel Management Systems | Be the Largest Market by 2025

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Global Market Study on Bowel Management Systems | Be the Largest Market by 2025

October 11
14:10 2018

Global Market Study on Bowel Management Systems | Be the Largest Market by 2025
This report studies the Bowel Management Systems Market status and outlook of global and major regions, from angles of players, countries, product types and end industries

Axiom Market Research & Consulting™ added a report on Global Bowel Management Systems Market, Faecal incontinence (FI) is a common denominator among hospitalized patients and has a harmful impact on social, psychological and physical functioning. Bowel management system or faecal management system is a fully closed system that collects and contains liquid or semi-liquid stool, helping to preserve skin integrity and prevent environmental contamination. Additionally, these systems enhance patient comfort and dignity and allow more accurate fluid balance monitoring. Closed bowel management systems have been clinically shown to successfully prevent stool contact with skin, reducing the chances of developing secondary complications that increase health care costs and extend the patient’s stay. Furthermore, they aid in the prevention and protection of perianal and sacral pressure areas.

Bowel Management Systems Market Outlook:

The global bowel management systems market has gained remarkable growth due to surging aging population coupled with expanding the target patient population. Furthermore, increasing innovative product launches and favourable reimbursement scenario in developed countries are propelling the overall market growth. Development of low-cost bowel management systems and disparities in reimbursement for bowel management products in emerging countries are some of the opportunities which are expected to fuel the growth of this market in the coming years. However, the global bowel management systems market is hampered by discomfort associated with the use of bowel management devices and patient preference for non-invasive clinical management of fecal incontinence. However, proven advancement in technologies can help in creating better bowel management systems in the future.

Download a sample copy of the report at https://axiommrc.com/request-for-sample/?report=hc1794

Bowel Management Systems Market Segmental Overview:

The report analyses the global bowel management systems market based on product, patient type, end user and geography.

Bowel Management Systems Market by Product:

Based on product, the market is segmented into colostomy bags, irrigation systems, nerve modulation devices (NMD) and other products and accessories (radiofrequency devices, surgical implants, artificial anal sphincters, anal plugs, colostomy accessories etc.). The colostomy bags held the largest market share in 2017 and is anticipated to flourish at a lucrative rate. Increasing number of target patient population and patient awareness regarding ostomy care are propelling this segment growth.

Bowel Management Systems Market by Patient Type:

Based on the patient type, the global bowel management systems market is segmented into adult and pediatric. Among various patients, the adults held the largest share of the bowel management systems market in 2017, due to increasing prevalence of fecal incontinence among them.

Bowel Management Systems Market by End User:

Based on the end user, the market is segmented into ambulatory surgery centers, home care, and hospitals. The home care segment held the largest market share in 2017 and is anticipated to flourish at a lucrative rate during the forecast period. Increasing need for device replacement on a regular basis and surging adoption of bowel management products in home care settings are propelling the segment growth.

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Bowel Management Systems Market by Geography:

By geography, the global bowel management systems market is studied across the countries of key regions such as North America, Europe, Asia Pacific, and Rest of the world. Europe accounted for the largest market share in 2017, followed by North America and Asia-Pacific. Factors such as high-quality healthcare facilities, the surge in aging population and increasing prevalence of bowel problems are fuelling the growth of bowel management systems in Europe. Furthermore, North America has been the second largest market for bowel management systems. This market is majorly boosted by the growing healthcare expenditure and a significant rise in colorectal/bladder cancers. In addition to this, Rest of the world is expected to grow at a lucrative growth rate during the forecast period. Increasing focus towards healthy lifestyles and favourable reimbursement policies are believed to be the market drivers of bowel management systems in this region.

Bowel Management Systems Market Key Companies:

Some of the major players operating in the global bowel management systems market include 3M Company, Aquaflush Medical Limited, Axonics Modulation Technologies, B. Braun, C. R. Bard (Becton Dickinson), Cogentix Medical, Coloplast, Consure, Convatec, Hollister Incorporated, Mbh-International A/S, Mederi Therapeutics Inc., Medtronic, Welland Medical Limited (Clinimed Group) and Wellspect Healthcare (Dentsply Sirona Company) among others. Market players are involved in product launches and acquisitions to exploit maximum revenue potential in global bowel management systems market.

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Axiom Market Research & Consulting™, a global market research firm driven with a simple aim of providing key actionable data to companies for taking informed business decisions pertaining to their marketing strategy, investments, new product launch, market competition etc.

Our creative research approaches help us to extract, analyze and compare markets along with peer markets, main or parent market, application, and end-user industries, competitive landscape, and qualitative figures to arrive at market numbers. Backed by a team of experienced analyst, who has worked with leading research firms and delivered the number of Market research projects globally, Axiom Market Research & Consulting is able to cater to all market research and business consulting requirements. With a worldwide client base, Axiom Market Research & Consulting aims to be a global leader and defacto partner in your company’s growth.

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