According to the report, the global bowel management systems market was USD 1,838 million in 2018 and is expected to generate around USD 2,385 million by 2025, at a CAGR of 3.8% between 2019 and 2025.
New York, NY, July 04, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Bowel Management Systems Market by Product (Colostomy Bags, Irrigation Systems, Nerve Modulation Devices, and Other Products and Accessories), by Patient Type (Adult and Pediatric), and by End-User (Hospitals, Ambulatory Surgical Centers, and Homecare Settings): Global Market Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global bowel management systems market was USD 1,838 million in 2018 and is expected to generate around USD 2,385 million by 2025, at a CAGR of 3.8% between 2019 and 2025.
Rapidly changing lifestyles and unhealthy eating habits are resulting in increased cases of intestinal issues. The major growth drivers of the bowel management systems market globally include the increasing target patient inhabitants, rising geriatric population, growing technically advanced bowel management devices accessibility, and favorable reimbursement policies in various developed regions across the world. Substantial advancements of healthcare infrastructure and equipment in emerging economies and increasing responsiveness related to the accessible treatments majorly for bowel-related issues are likely to further fuel the expansion of the bowel management systems market globally.
Browse through 54 Tables & 21 Figures spread over 120 Pages and in-depth TOC on “Global Bowel Management Systems Market: By Product Type, Applications, Industry Size, Share, Growth, Analysis, and Forecast, 2018–2025”.
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The bowel management systems market is fragmented based on the product, end-user, and patient type. On the basis of product, this market includes nerve modulation devices (NMD), colostomy bags, irrigation systems, and other product and accessories (catheters, plugs, implants, stool bags, sphincters, etc.). In 2018, colostomy bags accounted for the major market share in the global market due to the rising awareness about the benefits and availability of colostomy bags along with the accessibility of reimbursement policies for colostomy products in developed countries. The irrigation systems are expected to register a high CAGR in the global market in the future, as irrigation systems are minimal invasion treatment modes that are equipped with all the necessary accessories, such as catheters bags, etc.
Based on end-user, the bowel management market includes ambulatory surgical centers, hospitals, and homecare settings. Hospitals accounted for the major share in the global market in 2018. Homecare settings are expected to register the highest CAGR over the estimated time period. The social stigma regarding bowel disorders and cost-effective treatment in homecare settings are expected to propel this segment’s growth globally.
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By patient type, the bowel management systems market is bifurcated into pediatric and adult patients. Adults accounted for the major shares in the bowel management systems market in 2018, due to the growing geriatric population that is prone to fecal incontinence (FI) and constipation, which can be caused by numerous factors, such as medications, stool impaction, and neuromuscular dysfunction. Bowel movement disorders are affecting about 18 million people in the U.S.
North America accounted for the major share of the bowel management systems market in 2018 globally and is expected to remain dominant over the projected timeline as well. The advancements regarding the bowel management systems development, huge geriatric population, and rising bowel-related diseases case are driving this regional market. Moreover, favorable reimbursement policies for ostomy procedures are also boosting the market growth in this region.
Browse the full “Bowel Management Systems Market by Product (Colostomy Bags, Irrigation Systems, Nerve Modulation Devices, and Other Products and Accessories), by Patient Type (Adult and Pediatric), and by End-User (Hospitals, Ambulatory Surgical Centers, and Homecare Settings): Global Market Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/bowel-management-systems-market
Europe accounted for the second position in the bowel management systems market globally in 2018, due to advanced healthcare infrastructure and the presence of a large number of leading companies in the region. Moreover, huge healthcare expenditure and high awareness about these devices are further fuelling the bowel management systems market in Europe.
Asia Pacific is expected to register the highest CAGR in the bowel management systems market globally in the years ahead. Continuous government support and rising awareness about bowel management systems are the chief factors propelling this regional market growth. India is expected to be the fastest growing country in the Asia Pacific bowel management systems market. Moreover, increasing disposable income and a large geriatric patient pool in Japan are expected to also propel this regional market in the future.
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Latin America and the Middle East and Africa regions accounted for least shares in the bowel management systems market globally, owing to the unfavorable reimbursement policies, low awareness about these systems, and low affordability rates. However, the growing government support to increase regional awareness and growing per capita income are boosting the market growth significantly in these regions.
Some major players operating in the global bowel management systems market are Medtronic, Axonics Modulation Technologies, Coloplast, Hollister, ConvaTec Group, Consure Medical, ProSys International, Cogentix Medical, C. R. Bard, Aquaflush, Respiratory Technology, B. Braun Melsungen, Wellspect Healthcare, and MBH International.
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This report segments the global bowel management systems market into:
Global Bowel Management Systems Market: Product Analysis
Global Bowel Management Systems Market: Patient Type Analysis
Global Bowel Management Systems Market: End-User Analysis
Global Bowel Management Systems Market: Regional Analysis
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