Industry Background:
The bowel management systems help patients to manage their bowel disorders. The bowel disorder in the patients shows symptoms such as incomplete emptying, or chronic constipation, and inability to control bowel movement. The bowel management systems provide containment and diversion of fecal and help to keep the skin clean, dry, and contamination-free. It also retains the moisture that contributes to skin breakdown. The increasing geriatric population across the world is found to be more prone to constipation, diarrhea, and other bowel conditions that help to drive the bowel management systems market in the forecast period.
According to AMA Research, the market for Bowel Management Systems is expected to register a CAGR of 3.9% during the forecast period to 2027. This growth is primarily driven by Expanding Target Patient Population and Rapidly Growing Geriatric Population
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | N |
Value Unit | USD (Million) |
Key Companies in Study | Coloplast (Denmark), Medtronic (Ireland), 3M (United States), B. Braun (Germany), C.R. Bard (United States), ConvaTec (United Kingdom), Consure Medical (India), Cogentix Medical (United States), Aquaflush Medical Limited (United Kingdom), Axonics Modulation Technologies (United States) and ConvaTec (United Kingdom) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Technology sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Coloplast (Denmark), Medtronic (Ireland), 3M (United States), B. Braun (Germany), C.R. Bard (United States), ConvaTec (United Kingdom), Consure Medical (India), Cogentix Medical (United States), Aquaflush Medical Limited (United Kingdom), Axonics Modulation Technologies (United States) and ConvaTec (United Kingdom) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2022, The FDA has approved Axonics' new, long-lasting, non-rechargeable, sacral nerve modulation (SNM) implantable nerve stimulator. Axonics is a global medical technology company that develops and commercializes innovative technologies to treat bladder and intestinal problems (INS)., In 2018, Coloplast acquired IncoCare, a provider of continence products. This acquisition helped Coloplast expand its presence in Germany. and In 2018, Axonics received marketing approval for its Axonics Sacral Neuromodulation System in Australia
In 2022, Temedica GmbH, a global online health and wellness insight company, today announced that it will be working with Bristol Myers Squibb to develop a digital partner for people with psoriasis. This app helps patients better manage their disease by accompanying them during treatment. Psoriasis is one of the most common chronic inflammatory skin diseases in Germany, affecting approximately 2 million people. There is currently no treatment available. Therefore, patients must rely on a variety of medications to manage their symptoms., In 2021, Coloplast, a global manufacturer of medical devices and an industry leader in intimate healthcare, has entered into a stoma product contract with Vizient, Inc., the nation's leading medical performance improvement company. and In 2018, Coloplast expanded its product portfolio by introducing a new product, SenSura Mio Concave, into its SenSura Mio product line.
Market Drivers
- Expanding Target Patient Population and Rapidly Growing Geriatric Population
- Favorable Reimbursement Scenario in Developed Countries
Market Trend
- Rising Adoption of the AI, Internet of Things, and Big Data Technology
Restraints
- Discomfort Associated With the Use of Bowel Management Devices
- Patient Preference for Non-Invasive Clinical Management of Fi
Opportunities
Availability of Technologically Advanced Bowel Management Products
Challenges
Disparities in Reimbursement for Bowel Management Products in Emerging Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Bowel Management Systems Study Sheds Light on
The Bowel Management Systems Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Bowel Management Systems industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Bowel Management Systems industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.