ID: MRFR/MED/5186-HCR | 100 Pages | Published By Kinjoll Dey on March 2023
Bowel Management Systems Market Booming at a CAGR of 3.60% to hit $ 2.00 Billion by 2030
Bowel Management Systems Market Overview:
The Bowel Management Systems Market is expected to reach USD 2.00 Billion by 2030 at 3.60% CAGR during the forecast period 2022-2030. The expanding target patient base, availability of technologically advanced bowel management devices, fast-growing senior population, and attractive reimbursement environment in developed countries are the key factors for the market's rapid expansion. Increased prevalence of inflammatory bowel disease and technological advancement are driving the market growth.
Dysentery, constipation, and other gastrointestinal issues are growing more widespread as the world's senior population expands, increasing demand for bowel management equipment. Furthermore, the market expansion is projected to be accelerated by greatly upgraded items. Furthermore, the introduction of user-friendly items by manufacturers has allowed patients to maintain their independence while increasing their quality of life. Because of technologically improved equipment, patients have been able to control their gastrointestinal issues and go about their everyday activities with ease.
The leading players operating in the bowel management systems market are Coloplast (Denmark), Medtronic (Ireland), 3M (the U.S.), B. Braun (Germany), C.R. Bard (the U.S.), Consure Medical (India), Cogentix Medical (the U.S.), Aquaflush Medical Limited (the U.K.), Axonics Modulation Technologies (the U.S.), ConvaTec (the U.K.), Hollister (the U.S.), MBH-International A/S (Denmark), Mederi Therapeutics Inc. (the U.S.), Welland Medical limited (the U.K.), and Wellspect HealthCare (Sweden).
Market Segmental Analysis
For scope of the report, MRFR offers a comprehensive segmental analysis of the bowel management systems market
By Patient Type
By End User
The MRFR's market research report offers an unbiased and comprehensive assessment of key market dynamics in the bowel management systems market. It includes discussion on current and historical market trends, challenges and growth opportunities backed by factful feedbacks. The primary types of products that are covered in the report are irrigation systems, colostomy bags, nerve modulation devices (NMD) and other products and accessories. The types of patients covered in the report are adult patients and pediatric patients. For opportunity analysis, the major end-users covered in the report are home care and hospitals and ambulatory surgery centers. All the sub-markets included in the report are profiled under four major regions such as Europe, Asia Pacific, Americas and the Middle East and Africa, with respective country-level analysis.
Market Research Future (MRFR) leverages its comprehensive and iterative research methodology for the deliverance of highly accurate market insights. The primary and secondary research processes are utilized for conducting qualitative and quantitative analysis of current and historical market dynamics, consumer landscape, competitive landscape, market growth opportunities and challenges. Detailed surveys and first-hand interviews are conducted with the key opinion makers across the value chain for the collection of primary data. Secondary research processes are utilized for primary data validation through inputs from SEC filings, white paper references, paid databases, research publications and other credible sources available in public domain. The data triangulation techniques and top-down and bottom-up approaches are utilized to ensure accuracy and objectivity of the research findings.Recent Development
Coloplast, based in Humlebaek, Denmark, provides "intimate healthcare goods" such as ostomy care, wound, and therapeutic skincare, and urological care. It is headquartered in Minneapolis, Minnesota, and employs over 10,000 people globally. Elise was inspired by newly produced plastic bags to create a bag that would close over the stoma hole. She enlisted the assistance of a manufacturer and sent 1,000 ostomy bags to hospitals. Coloplast was founded two years later when they were exporting two-thirds of the bags.
Medtronic (MDT) is a multibillion-dollar worldwide leader in medical technology, serving more than 72 million people in 150 countries with medical devices and therapies. Medtronic (medical electronics) was founded in a Minneapolis garage by Earl Bakken, who subsequently invented the battery-powered pacemaker and skilled engineer Palmer Hermundslie. As of 2021, Medtronic has sites across Europe, Asia, Australia, Africa, and Latin America, in addition to its operating headquarters in Fridley, Minnesota.
|Market Size||USD 2.00 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product, Patient Type, End User|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Coloplast (Denmark), Medtronic (Ireland), 3M (the U.S.), B. Braun (Germany), C.R. Bard (the U.S.), Consure Medical (India), Cogentix Medical (the U.S.), Aquaflush Medical Limited (the U.K.), Axonics Modulation Technologies (the U.S.), ConvaTec (the U.K.), Hollister (the U.S.), MBH-International A/S (Denmark), Mederi Therapeutics Inc. (the U.S.), Welland Medical limited (the U.K.), and Wellspect HealthCare (Sweden)|
|Key Market Opportunities||New product launches and R&D Amongst major key Players|
|Key Market Drivers||
The bowel management systems market is projected to grow at an 3.60% CAGR between 2022-2030.
The bowel management systems market predicted to touch USD 2.00 Billion by 2030.
Coloplast (Denmark), Medtronic (Ireland), 3M (the U.S.), B. Braun (Germany), C.R. Bard (the U.S.), Consure Medical (India), Cogentix Medical (the U.S.), Aquaflush Medical Limited (the U.K.), Axonics Modulation Technologies (the U.S.), ConvaTec are key players of the Bowel Management Systems Market
Unhealthy dietary habits are boosting market growth.
Discomfort may limit market growth.
The Americas is projected to command the largest share in the bowel management systems market.