According to a new report published by Allied Market Research, titled, “Bowel Management Systems Market by Product, Patient Type, and End User: Global Opportunity Analysis and Industry Forecast, 2018–2026,” the global bowel management systems market size is expected to reach $3.59 billion by 2026, registering a CAGR of 4.5% from 2019 to 2026, in terms of value.
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Bowel management system is used for the management of fecal inconsistency in patients and help them keep the skin free from contaminants and infections. The device is a soft catheter and is inserted into the rectum for fecal management to contain and divert fecal waste. It is mainly used to avert fecal waste from patient’s body and contain liquid and semi-liquid stool. For instance, DIGNISHIELD advance stool management system offered by Bard, is an advanced stool management device that draws from clinical insight to mitigate damage to delicate tissue due to leakage, pressure, and friction. Further, it helps protect patients from exposure, tissue damage, and odor. The device contains a catheter tube assembly, a 60cc syringe, a collection bag, a syringe of lubricating jelly, and a biological odor eliminator.
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Surge in availability of technological advanced devices for fecal management, rise in geriatric population, and surge in fecal inconsistency related disorders are the major factors that drive the growth of the bowel management systems market. Further, growth in awareness regarding the availability of these devices accompanied with launch of new devices addressing the many unmet needs contributes to the market growth of the bowel management system market. However, lack of trained professionals and patient’s discomfort in using these devices hinder the growth of the market. On the contrary, development of the healthcare R&D facilities is expected to create lucrative opportunities for the bowel management systems market. Moreover, development of the healthcare industry and increase in R&D activities undertaken by the key players are expected to boost the market growth during the forecast period
Key Findings of the Study:
- By product, the colostomy bags segment accounted for the highest market share of 32% in 2018 and is anticipated to grow at the fastest rate during the forecast period.
- By region, North America was the major shareholder and accounted for the highest share of 42% in 2018.
- By patient type, the adult segment is expected to grow at a CAGR of 4.9% during the forecast period.
- By end user, the hospital segment dominated the bowel management systems market in 2018 and is anticipated to maintain its dominance during the forecast period.
Comprehensive competitive analysis and profiles of major bowel management systems market players such as Coloplast, Medtronic, 3M, B. Braun, CR Bard (BD), Cogentix Medical, Axonics Modulation Technologies, Hollister, Convatec, and Wellspect healthcare are provided in this report.
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