Bowel management systems are used to evacuate stool from the bowels in patients suffering from bowel dysfunctions such as congenital abnormalities and spinal cord injuries among others. These systems provide hygienic and clean evacuation of stool in a controlled manner. Rise in cases of bowel dysfunctions and spinal cord injuries has increased the demand for bowel management systems substantially. Major advantages associated with bowel management systems include controlled and predictable bowel emptying, reduced complications associated with constipation/fecal impaction, increased comfort and independence.
Global Bowel Management System Market is estimated to be valued at US$ 1.8 Billion in 2024 and is expected to exhibit a CAGR of 4% over the forecast period 2024-2029.
Key Takeaways
Key players operating in the bowel management system market include Coloplast Corp, Medtronic plc, Consure Medical, B. Braun Melsungen AG, R. Bard, Inc. and C. R. Bard, Inc. These players are focusing on new product launches and innovation to strengthen their market position.
Growing awareness regarding bowel management and various treatment options available is creating numerous opportunities in the market. Furthermore, increasing healthcare expenditure and improving reimbursement policies in developing countries will further aid the market growth.
Major players are expanding their geographical presence by entering into merger & acquisitions and partnership agreements with regional players. For instance, in 2021 Coloplast Corp acquired Paracor Medical to expand its presence in cardiovascular device segment in the U.S.
Market Drivers
Increasing geriatric population susceptible to bowel dysfunctions due to age-related health issues is a key factor driving the market. It is estimated that nearly 25% of people aged above 60 suffer from constipation. Growth in the geriatric population worldwide will subsequently incrlease the demand for bowel management products over the forecast period.
Growing number of spinal cord injury cases globally is another major growth propeller. According to World Health Organization, annually 250,000 to 500,000 people suffer from spinal cord injuries. Bowel management is crucial for spinal cord injury patients to improve their quality of life.
PEST Analysis
Political: Bowel management systems are regulated by various government bodies to ensure patient safety and product efficacy. Regulations influence new product approval and market entry.
Economic: Healthcare expenditures and availability of medical insurance influence demand for bowel management systems. Economic downturns may impact discretionary spending on such products.
Social: Aging population and rising incidence of bowel disorders like fecal incontinence drive social acceptance and need for bowel management products. Social trends like remote patient monitoring can affect product usage and adoption.
Technological: Advancements in materials, packaging and device miniaturization aid product development. Integration of sensors, software and connectivity enable effective remote monitoring and virtual consultation, improving access and outcomes.
Geographical Regions with High Market Value
North America accounts for a major share of the global bowel management system market value owing to favorable reimbursement policies, healthcare infrastructure and presence of key market players. Europe is another prominent regional market driven by growing geriatric population and increasing awareness about bowel management options.
Fastest Growing Geographical Region
The Asia Pacific region is poised to exhibit strong growth in the bowel management system market over the forecast period. This can be attributed to rising disposable incomes, growing accessibility to healthcare facilities and expansion of Healthcare insurance coverage in developing countries like India and China. Improving clinical research funding and support for domestic manufacturers also contributes to market development in Asia Pacific.
What Are The Key Data Covered In This Bowel Management Systems Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Bowel Management Systems Market growth between 2024 and 2031.
:- Accurate calculation of the size of the Bowel Management Systems Market and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behavior
:- Bowel Management Systems Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Bowel Management Systems Market vendors
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*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Money Singh
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