Rapid change in lifestyles and unhealthy dietary habits is leading to the rise in intestinal issues such as fecal incontinence and constipation among adults. With advancement in healthcare technology and development of various medical devices, these health issues are being managed with the help of bowel management systems. Market Research Future (MRFR) has published a report asserting that the global bowel management systems market report is marked to expand steadily at a CAGR of 4.1% during the forecast period of 2017-2023 and reach the valuation of 2.188 Bn by the end of 2023 from 1.72 Bn in 2017.
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Global rise in geriatric population and dietary imbalance caused due to consumption of unhealthy food are majorly propelling the growth of the global bowel management systems market. However, concerns regarding the discomfort associated with the use of bowel management devices and inclination towards adoption of non-invasive treatments are likely to restrain the growth of the global bowel management systems market during the forecast period.
Market Drivers and Restraints: Rapid rise in geriatric population and increased healthcare expenditure among the population of various developed and developing regions are majorly fueling the growth of the global bowel management systems market. Increased research and development activities for introducing highly effective treatment solutions and availability of favorable reimbursement policies are some other major factors that are propelling the growth of the global bowel management systems market. However, increasing patient preferences towards adoption of non-invasive medical solutions and concerns regarding the discomfort caused by using bowel management devices are likely to restrain the growth of the global bowel management systems market during the forecast period. Market Segmentation: The global bowel management systems market has been segmented on the basis of product, patient type and end-user. Based on product, the bowel management systems market has been segmented into irrigation systems, colostomy bags, nerve modulation devices (NMD) and other products and accessories. The colostomy bags segment commands for the major share in the global bowel management market. Whereas, the nerve modulation devices (NMD) segment is projecting the fastest growth in the global bowel management systems market. Based on patient type, the bowel management systems market has been segmented into adult patients and pediatric patients. The adult patients segment command for the major share in the global bowel management market. Based on end-user, the bowel management systems market has been segmented into home care and hospitality and ambulatory surgery centers. The home care segment accounts for the major share in the global bowel management systems market. Regional Analysis: Geographically, the global bowel management systems market has been segmented into four major regions such as the Americas, Europe, Asia Pacific and the Middle East and Africa. The Americas command for the major share in the global bowel management systems market. Rapid adoption of technologically advanced healthcare solutions, high prevalence of intestinal disorders caused due to changing lifestyle and unhealthy dietary habits and rise in geriatric population along with increased healthcare expenditure are some of the factors that are propelling the growth of the global bowel management systems market in this region. Increased research activities for the development of comfortable bowel management devices and easy adoption of advanced technology are leading to the significant growth of the bowel management systems market in the Europe region. The Asia Pacific region is projecting fastest expansion in the global bowel management systems market owing to the rapid development of healthcare sector, rise in awareness regarding the availability of effective treatments and rise in geriatric population in this region. Lack of awareness and presence of poor primary healthcare facilities in the underdeveloped areas are acting as restraints on the growth of the bowel management systems market in the Middle East and Africa region. Key Players: The leading players profiled by MRFR that are operating in the global bowel management systems market are Coloplast (Denmark), Medtronic (Ireland), 3M (the U.S.), Hollister (the U.S.), Aquaflush Medical Limited (the U.K.), B. Braun (Germany), C.R. Bard (the U.S.), Consure Medical (India), Cogentix Medical (the U.S.), Axonics Modulation Technologies (the U.S.), ConvaTec (the U.K.), MBH-International A/S (Denmark), Mederi Therapeutics Inc. (the U.S.), Welland Medical limited (the U.K.), and Wellspect HealthCare (Sweden). Browse More Details of the Report @ https://www.marketresearchfuture.com/reports/bowel-management-systems-market-6649
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