The bowel management systems global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Bowel Management Systems Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The bowel management systems market size has grown strongly in recent years. It will grow from $1.82 billion in 2023 to $1.92 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to the increased global elderly population, increased prevalence of chronic diseases, increased awareness and diagnosis, increased healthcare spending, favorable regulatory environments, and approvals for new products.
The bowel management systems market size is expected to see strong growth in the next few years. It will grow to $2.34 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to continued aging population growth, increasing healthcare infrastructure and economic development in emerging markets, government policies aimed at improving healthcare access and funding for bowel disorder treatment, continued efforts to raise awareness about bowel health, the rise of online pharmacies and e-commerce platforms, and higher investments in research and development. Major trends in the forecast period include the integration of smart technology, the use of AI and machine learning to predict and manage bowel conditions, advancements in endoscopic and laparoscopic technologies, the development of environmentally friendly bowel management systems, and the integration of telehealth services for remote consultation.
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Scope Of Bowel Management Systems Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Bowel Management Systems Market Overview
Market Drivers –
The high incidence of inflammatory bowel disease is expected to propel the growth of the bowel management systems market going forward. Inflammatory bowel disease (IBD) refers to chronic inflammatory conditions of the gastrointestinal tract, including Crohn’s disease and ulcerative colitis. The increase in cases of inflammatory bowel disease (IBD) is attributed to factors such as changing lifestyles, environmental influences, and genetic predispositions. Bowel management systems help with inflammatory bowel disease by assisting in the effective management of symptoms such as diarrhea and fecal incontinence. For instance, in June 2023, according to Crohn’s and Colitis Canada, a Canada-based non-profit organization, the prevalence of aplastic anemia affected approximately 322,600 individuals, representing 0.8% of the population in 2023, with diagnoses occurring at a rate of one every 48 minutes. By 2035, the number of affected individuals is expected to rise to 470,000, comprising 1.1% of the population, with diagnoses occurring at a more frequent rate of one every 38 minutes. Therefore, the high incidence of inflammatory bowel disease is driving the growth of the bowel management systems market.
Market Trends –
Major companies operating in the bowel management systems market are focused on developing advanced transanal irrigation devices to enhance patient outcomes and expand their market presence. Transanal irrigation devices refer to medical devices used for bowel management, typically involving the controlled irrigation of the colon and rectum to aid in the management of conditions such as neurogenic bowel dysfunction or chronic constipation. For instance, in February 2024, Coloplast A/S, a Denmark-based medical device manufacturer, launched Peristeen Light, a new transanal irrigation device designed to help people with bowel disorders such as chronic constipation and fecal incontinence. It is a hand-held, low-volume transanal irrigation device that instills water into the rectum to evacuate stool from the lower bowel. It is designed to be intuitive and easy to use, assembled in just two steps, and enables a smooth insertion into the rectum with a soft and flexible catheter.
The bowel management systems market covered in this report is segmented –
1) By Product: Colostomy Bags, Irrigation Systems, Nerve Modulation Devices, Other Products
2) By Patient Type: Adults, Pediatric
3) By End-User: Hospitals, Ambulatory Centers, Other End-Users
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Regional Insights –
North America was the largest region in the bowel management systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bowel management systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the bowel management systems market are McKesson Medical-Surgical Inc., Medtronic plc, Medline Industries Inc., B. Braun Holding GmbH & Co. KG, Becton Dickinson and Company, Coloplast Pty Ltd., ConvaTec Group plc, Hollister Incorporated, Axonics Modulation Technologies, Laborie Medical Technologies Corporation, Qufora A/S, ABC Medical Inc., Salts Healthcare Ltd., Welland Medical Limited, Wellspect HealthCare Ltd., Consure Medical Pvt. Ltd., Pelvic Health Solutions, Renew Medical Inc., ProSys International Limited., TG Eakin Ltd.
Table of Contents
1. Executive Summary
2. Bowel Management Systems Market Report Structure
3. Bowel Management Systems Market Trends And Strategies
4. Bowel Management Systems Market – Macro Economic Scenario
5. Bowel Management Systems Market Size And Growth
…..
27. Bowel Management Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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