Bowel Management Systems Market to Grow Worth 2.07 Billion USD by 2023


Posted June 8, 2021 by mmvaidya

The global bowel management systems market is projected to reach USD 2.07 billion by 2023, at a CAGR of 3.5%
 
Expected Revenue Growth:

The global bowel management systems market is projected to reach USD 2.07 billion by 2023 from USD 1.74 billion in 2018, at a CAGR of 3.5% during the forecast period. Growth in the bowel management systems market is mainly driven by factors such as the expanding target patient and growing geriatric population, availability of technologically advanced bowel management products, and favorable reimbursement scenario in developed countries.

Bowel/fecal incontinence refers to a patient’s inability to control bowel movements, which results in involuntary loss of solid or liquid stool. It is caused due to diarrhea, constipation, weaker muscle tone (that controls the opening of the anus), and chronic medical conditions (such as diabetes, multiple sclerosis, and nerve damage). The clinical devices used to manage bowel activity are called bowel management systems

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“By product, colostomy bags segment to witness the highest growth during the forecast period"

The colostomy bags segment is expected to account for the largest share of the bowel management systems market.

“By patient type, Adult patients segment to grow at the highest rate during the forecast period.”

The adult patient segment is estimated to account for the larger share of the bowel management systems market. While fecal incontinence (FI) affects individuals of all ages, it is more common in middle-aged and older adults due to their greater prevalence of neurologic diseases and weaker muscle tone. Additionally, the prevalence of FI is reported to be twice among women as compared to men, owing to the risk of injuries to the anal sphincter during childbirth

“The home care segment will grow at a higher CAGR during the forecast period.”

Factors such as the significant usage and growing adoption of bowel management products in home care settings, need for device replacement on a regular basis, and rising incidence of chronic disorders are expected to support the growth of the home care segment during the forecast period

“The RoW is expected to grow at the highest rate during the forecast period.”

The Rest of the World (RoW) comprises countries in Latin America (including Brazil, Mexico, Peru, and Chile), the Middle East (including Egypt, Iran, Turkey, and Iraq), and Africa (including South Africa, Egypt, Ghana, and Nigeria). Rising market growth can be attributed to the growing target patient population, the ongoing expansion of healthcare infrastructure, and initiatives to enhance patient awareness.

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Key Players:

Some of the major players operating in the bowel management systems market are Coloplast (Denmark), Medtronic (Ireland), 3M (US), B. Braun (Germany), C.R. Bard (US), Consure Medical (India), Cogentix Medical (US), Aquaflush Medical Limited (UK), Axonics Modulation Technologies (US), ConvaTec (UK), Hollister (US), MBH-International A/S (Denmark), Mederi Therapeutics Inc. (US), Welland Medical limited (UK), and Wellspect HealthCare (Sweden).

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Issued By Makarand Vaidya
Country United States
Categories Industry , Medical , News
Tags bowel management systems , bowel management systems market
Last Updated June 8, 2021