Bowel Management System Market growing with the growth of geriatric population
Introduction
Intestinal problems such as fecal
incontinence and constipation among adults are becoming very common these days
on account of rapid change in lifestyles and unhealthy dietary habits. Rise in
population and dietary imbalance are also a cause of intestinal issues. With
technology advancements in the medical and healthcare segment, these intestinal
problems are being dealt and managed with the help of bowel management systems.
Irrigation systems, colostomy bags, and nerve modulation devices (NMD) are the
devices used in bowel management systems. These devices are used in hospitals
as well as for home care purposes.
Drivers and restraints of the Bowel Management System Market
The market for Bowel Management Systems is
witnessing steady growth on account of the rapidly growing geriatric population
worldwide. According to the International Foundation of Gastrointestinal
Disorder (IFFGD) around 10-15% of the global population has Irritable bowel
syndrome (IBS). Moreover, favorable reimbursement scenario in the developed
economies along with the technological advancement in the bowel management
systems are further contributing to the bowel
management systems market growth. Rapid change in lifestyles and unhealthy
dietary habits are also contributing to the increasing bowel management system market size. However, concerns regarding
the discomfort associated with the use of bowel management devices and
patient’s preference towards noninvasive clinical methods are expected to
hinder the market growth.
Market Segmentation
Geographically, the market of the bowel
management system is segmented as North America, Europe, South America, Asia
Pacific, and the Middle East. Europe region is expected to have a significant
market share of the global bowel management system market share. The market share is projected owing to
significant colorectal/bladder cancer & IBD disease burden, favorable
reimbursement scenario, and the increase in its geriatric population. North
America region is also expected to have a significant market share on account
of technological advancements in the bowel management system, high geriatric
population, and increasing related diseases in the region. The market of Asia
Pacific region is expected to witness significant growth due to continuous
government support and rising awareness in the region.
By product, the market is segmented as
irrigation systems, nerve modulation devices (NMD), and colostomy bags. Colostomy
bags are expected to have a significant market share on account of the
increasing number of patients coupled with rising awareness about the benefits
of colostomy care among the patients, increasing accessibility of medical
reimbursement policies for colostomy products across developed economies.
However, irrigation systems are expected to witness substantial growth in the
coming years.
By end-user, the bowel management systems
market is segmented as hospitals and home care. The home care segment is
expected to have a significant market share due to the significant usage and
growing adoption of bowel management products in home care settings and the
rising incidence of diseases.
According to industry research conducted by Knowledge Sourcing Intelligence,
major industry players profiled as part of the market are Cogentix Medical,
Hollister Incorporated, Mbh-International A/S, Mederi Therapeutics Inc. B.
Braun, Aquaflush Medical Limited and Consure among others.
Key Questions Answered in This Report:
·
What are the key regions having
a significant market share of the market?
·
What is the market segmentation
of the bowel management system market?
·
What are the drivers and
restraints of the market?
·
Who are the key market players
in the market?
·
Who are the end-users of the
market?
Follow us
https://www.facebook.com/knowledgesourcing/
Comments
Post a Comment