Bowel Management Systems Market Size, Sector / Industry Report & Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Bowel Management Systems Market


The global Bowel Management Systems market size is projected to reach US$ 2.32 billion by 2026, from US$ 1.91 billion in 2020, at a CAGR of 3.3% during 2021-2026.Growing geriatric population, coupled with rising awareness regarding bowel management, has been stimulating the growth of the market.

In addition, introduction of technologically advanced products is poised to escalate the growth of the market. For instance, Stanford Universitys Biodesign program, Pelvalon, launched Eclipse system - an innovative non-surgical treatment that provides instant results for women experiencing loss of bowel control.

According to a report, An Aging World, in 2015, among 7.3 billion population worldwide, a projected 617.1 million or 8.5% were aged 65 or older. In just 15 years, the number of elderly people is likely to increase by more than 60%. Aging has become a substantial risk factor for fecal incontinence. According to the International Foundation for Gastrointestinal Disorders, in women, bowel incontinence occurs in 6.0% of those below age 40 and increases to 15.0% in older women. Furthermore, among men, bowel incontinence occurs in 6.0-10.0% and it increases with age.
According to WHO, life expectancy is now exceeding to 80 years in most of the developed countries. In geriatric population, incontinence is linked with multiple interacting factors, including chronic diseases such as stroke and disease, mobility impairment, and cognitive impairment.

Fecal incontinence significantly affects a patients quality of life. Bowel management systems plays an important role in improving lifestyles of people suffering from the disorder and making their condition better.

Market Segmentation, Outlook & Viewpoint: Global Bowel Management Systems Market

Product Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Colostomy Bags
  
Irrigation Systems
  
Nerve Modulation Devices
  
Others

Patient Type Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Adult
  
Pediatric

End-use Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Home Care
  
Hospitals and Ambulatory Surgery Centers

Key Players, Recent Developments & Regional Insights: Global Bowel Management Systems Market

Based on products, the market has been categorized into colostomy bags, irrigation systems, nerve modulation devices, and others. Colostomy bags accounted for the largest market share in 2017 owing to rising awareness regarding their availability and benefits. In addition, availability of well-structured reimbursement policies for colostomy products across developed regions is anticipated to propel the market over the forecast period.
Organizations such as the United Ostomy Associations of America, Inc. and Colostomy U.K. are working towards empowering people who have had ostomy. Furthermore, government bodies in developed regions are launching schemes to provide support to individuals with a stoma by improving access to clinically appropriate and most suitable stoma-related products. These factors are further projected to contribute to the growth of the colostomy bags segment.

Patient Type Insights

Based on patient type, the market has been bifurcated into adult and pediatric. The adult segment was the largest in 2017. It is expected to show significant growth over the forecast period. This growth can be attributed to high prevalence of fecal incontinence among adults. It is a common condition among adults, affecting around 1 in 12 adults or 18 million people in the U.S. According to BMJ Publishing Group, fecal incontinence is very common and affects around 10.0% of the population.

Furthermore, increasing availability of technologically advanced products is aiding patients in effectively managing fecal incontinence, which in turn is estimated to benefit the growth of the overall bowel management systems market. Furthermore, rising initiatives to develop patient awareness related to effective treatment of fecal incontinence is further accelerating the growth of this segment.

End-use Insights

Based on end use, the market has been segmented into home care and hospitals and ambulatory surgery centers. The home care segment led the market in 2017. It is likely to witness the fastest growth during the forecast period. The dominance of the segment can be attributed to rising adoption of bowel management products in home care settings.

Furthermore, introduction of user-friendly products by manufacturers has enabled patients to maintain their independence and improve their quality of lives. Technologically advanced products have helped patients to take care of their bowel problems and continue with their everyday routine with ease. These factors have further supplemented the growth in this segment.

Regional Insights

North America was the largest regional market in 2017, followed by Europe. The former will continue to dominate the global market until 2025, owing to presence of significant market players such as 3M and Medtronic. Heightened adoption rate of bowel management systems, coupled with patient awareness, well-established healthcare infrastructure, and high acceptability of advanced products are among the key factors supporting the dominance of the region.

Asia Pacific is projected to witness the fastest growth during the forecast period due to rising incidence of fecal incontinence coupled with increasing geriatric population. Furthermore, huge unmet clinical needs and pressing need for better treatment are poised to drive the market.

Bowel Management Systems Market Share Insights

The key players in the market are Medtronic; Coloplast; 3M; B. Braun; Consure Medical; C.R. Bard; Cogentix Medical; Axonics Modulation Technologies; Aquaflush Medical Limited; ConvaTec; MBH-International A/S; Hollister; Mederi Therapeutics Inc.; Wellspect HealthCare; and Welland Medical limited.

Players are engaging in different marketing strategies such as R&D activities, increasing number of collaborations, awareness programs, technological advancements, geographic expansion, and launching of new products to increase their market share. For instance, in 2017, BD, a leading medical technology company acquired C.R. Bard with an aim to strengthen their position in the market.

Key Insights Covered: Global Bowel Management Systems Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Bowel Management Systems industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Bowel Management Systems industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Bowel Management Systems industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Bowel Management Systems industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Bowel Management Systems industry.

Research Methodology: Global Bowel Management Systems Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other