As per this study the Global Bowel Management Systems Market was valued USD XX MN (by revenue) in 2019 and is anticipated to reach USD XX MN by 2026 with a CAGR of XX%.
The bowel management system is a device that enables the diversion of the stool. It is intend to be used by the patients suffering with fecal incontinence, constipation, patients undergone spinal cord surgeries and other neurological disorders. These device is primarily utilized in children with spina bifida and in patients with anorectal disorders.
The device has several advantages such cost-effectiveness, enhance the quality of patients’ lives, lower the cost of daily management, and reduce nursing time which is expected to serve as driving factor to the market growth. Availability of advanced bowel management products is again boosting the market growth. In addition to this, favorable reimbursement scenario in developed countries is further fuelling the market growth. On the other hand, social stigma and discomfort associated with the use of bowel management system may restrict the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of bowel management systems.
The broad bowel management systems market has been sub-grouped into product, patient type, and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Patient Type
- Ambulatory Surgical Centers
- Home-care Settings
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for bowel management systems in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Bowel Management Systems Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the bowel management systems market includes Aquaflush Medical Limited, B. Braun Melsungen AG, C. R. Bard, Inc., Cogentix Medical, Inc., Coloplast A/S, Consure Medical, ConvaTec Group Plc., Hollister Incorporated, Medtronic plc, ProSys International Ltd., Respiratory Technology Corporation and Others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.