The global bowel management system market was valued at $2,510.00 million in 2018, and is expected to reach $3,596.52 million by 2026, registering a CAGR of 4.5% from 2019 to 2026. A bowel management system is designed to manage fecal inconsistence in bedridden patients and has proven to be effective even in wound management and prevention & infection control. It provides safer patient outcomes and augment ease of nursing. In addition, these systems help protect the perianal and sacral pressure areas. Various types of bowel management devices include colostomy bags, irrigation systems, and nerve modulation devices.
Availability of technological advanced devices for bowel management such as ostomy products, irrigation systems, and others; significant rise in geriatric population; and surge in fecal inconsistency related disorders such as irritable bowel syndrome are the major factors contributing to the market growth. Moreover, rise in R&D investments made by government in the healthcare sector drives the growth of the bowel management system market. However, lack of trained professionals and patient’s discomfort in using these devices hinder the growth of the market. On the contrary, the introduction of various new devices and development of the healthcare R&D facilities are expected to create lucrative opportunities in the bowel management systems market. Moreover, development of the healthcare industry and an increase in R&D activities undertaken by key players are expected to boost the market growth during the forecast period.
The global bowel management systems market is segmented based on product, patient type, end user, and region. On the basis of product, the market is divided into colostomy bags, irrigation systems, nerve modulation devices, and accessories. Depending on patient type, it is classified into adult and pediatric. By end user, the market is segregated into home care, hospitals, and ambulatory surgery centers. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Product
By Patient Type
By End User
By Region
LIST OF KEY PLAYERS PROFILED IN THE REPORT
Availability of technological advanced devices for bowel management such as ostomy products, irrigation systems, and others; significant rise in geriatric population; and surge in fecal inconsistency related disorders such as irritable bowel syndrome are the major factors contributing to the market growth. Moreover, rise in R&D investments made by government in the healthcare sector drives the growth of the bowel management system market. However, lack of trained professionals and patient’s discomfort in using these devices hinder the growth of the market. On the contrary, the introduction of various new devices and development of the healthcare R&D facilities are expected to create lucrative opportunities in the bowel management systems market. Moreover, development of the healthcare industry and an increase in R&D activities undertaken by key players are expected to boost the market growth during the forecast period.
The global bowel management systems market is segmented based on product, patient type, end user, and region. On the basis of product, the market is divided into colostomy bags, irrigation systems, nerve modulation devices, and accessories. Depending on patient type, it is classified into adult and pediatric. By end user, the market is segregated into home care, hospitals, and ambulatory surgery centers. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the market along with the current trends and future estimations to elucidate the imminent investment pockets.
- It offers a quantitative analysis from 2018 to 2026, which is expected to enable the stakeholders to capitalize on prevailing market opportunities.
- Comprehensive analysis of all geographical regions is provided to determine the prevailing opportunities.
- The key players are profiled and their strategies are analyzed thoroughly to understand the competitive outlook of the global market.
KEY MARKET SEGMENTS
By Product
- Colostomy Bags
- Irrigation Systems
- Nerve Modulation Devices
- Accessories
By Patient Type
- Adult
- Pediatric
By End User
- Home Care
- Hospitals
- Ambulatory Surgery Centers
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
LIST OF KEY PLAYERS PROFILED IN THE REPORT
- Coloplast
- Medtronic plc
- 3M
- B. Braun Melsungen AG
- Becton, Dickinson and Company
- Cogentix Medical
- Axonics Modulation Technologies
- Hollister
- Convatec
- Wellspect Healthcare
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: BOWEL MANAGEMENT SYSTEMS MARKET, BY PRODUCT
CHAPTER 5: BOWEL MANAGEMENT SYSTEMS MARKET, BY PATIENT TYPE
CHAPTER 6: BOWEL MANAGEMENT SYSTEMS MARKET, BY END USER
CHAPTER 7: BOWEL MANAGEMENT SYSTEMS MARKET, BY REGION
CHAPTER 8: COMPANY PROFILES
Executive Summary
According to this report titled, 'Bowel Management Systems Market by Product, Patient Type, and End User: Global Opportunity Analysis and Industry Forecast, 2018-2026,' the global bowel management systems market size is expected to reach $3.59billion by 2026, registering a CAGR of 4.5% from 2019 to 2026, in terms of value.Bowel management system is used for the management of fecal inconsistency in patients and help them keep the skin free from contaminants and infections. The device is a soft catheter and is inserted into the rectum for fecal management to contain and divert fecal waste. It is mainly used to avert fecal waste from patient’s body and contain liquid and semi-liquid stool. For instance, DIGNISHIELD advance stool management system offered by Bard, is an advanced stool management device that draws from clinical insight to mitigate damage to delicate tissue due to leakage, pressure, and friction. Further, it helps protect patients from exposure, tissue damage, and odor. The device contains a catheter tube assembly, a 60cc syringe, a collection bag, a syringe of lubricating jelly, and a biological odor eliminator.
Surge in availability of technological advanced devices for fecal management, rise in geriatric population, and surge in fecal inconsistency related disorders are the major factors thatdrive the growth of the bowel management systems market. Further, growth in awareness regarding the availability of these devices accompanied with launch of new devices addressing the many unmet needs contributes to the market growth of the bowel management system market. However, lack of trained professionals and patient’s discomfort in using these devices hinder the growth of the market. On the contrary, development of the healthcare R&D facilities is expected to create lucrative opportunities for the bowel management systems market. Moreover, development of the healthcare industry and an increase in R&D activities undertaken by the key players are expected to boost the market growth during the forecast period
By product, colostomy bags segment dominated the market in 2018 and is anticipated to continue its dominance during the forecast period. This is attributed to increased usage of these bags for the management of fecal inconsistency. The ease of availability and application of these devices further contributes to the market growth. However, irrigation systems segment is anticipated to grow at the fastest growth rate during the forecast period.
By patient type, adult patients segment accounted for the majority of bowel management systems market share in 2018, owing to the fact that the elderly population is more prone to face fecal inconsistency problem. Further, elderly people require more assistance and care in terms of inconsistency management. Therefore, significant rise in elderly population across the globe contributes to the bowel management systems market growth.
According to Onkar Sumant, Assistant Manager, Healthcare, “The surge in adoption of bowel management system for fecal inconsistence management and a rise in geriatric population drive the growth of the bowel management systems market.
KEY FINDINGS OF THE STUDY
- By product, the colostomy bags segment accounted for the highest market share of 32% in 2018 and is anticipated to grow at the fastest rate during the forecast period.
- By region, North America was the major shareholder and accounted for the highest share of 42% in 2018.
- By patient type, the adult segment is expected to grow at a CAGR of 4.9% during the forecast period.
- By end user, the hospital segment dominated the bowel management systems market in 2018 and is anticipated to maintain its dominance during the forecast period.
Comprehensive competitive analysis and profiles of major bowel management systems market players such as Coloplast, Medtronic, 3M, B. Braun, CR Bard (BD), Cogentix Medical, Axonics Modulation Technologies, Hollister, Convatec, and Wellspecthealthcare are provided in this report.
Companies Mentioned
- Coloplast
- Medtronic
- 3M
- B. Braun
- CR Bard (BD)
- Cogentix Medical
- Axonics Modulation Technologies
- Hollister
- Convatec
- Wellspecthealthcar
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 182 |
| Published | March 2020 |
| Forecast Period | 2018 - 2026 |
| Estimated Market Value ( USD | $ 2510 million |
| Forecasted Market Value ( USD | $ 3596.52 million |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
