Bowel Management Systems Market is estimated to reach US$ XX Mn by 2026 in terms of revenue at a CAGR of XX % in the forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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The market for bowel management systems is growing tremendously due to expanding target patient population, rapidly growing geriatric population, availability of technologically advanced bowel management products, and the favorable reimbursement scenario in developed countries. Development of healthcare infrastructure in emerging economies and rise in awareness about the available treatments for bowel health issues have led to rapid adoption of Bowel Management Systems Market.
Rising influence of preventive health care along with the significant prevalence of fecal incontinence (FI) among adults, increased public-private initiatives to enhance patient awareness related to effective FI management, availability of advanced bowel management products, and the availability of reimbursement in developed countries are expected to drive the growth of this market. Factors such as discomfort associated with the use of bowel management devices and patient preference for non-invasive clinical management of FI are restraining the growth of the Bowel Management Systems Market.
Bowel Management Systems Market is majorly segmented by product, patient type, end user, and region. In terms of end users, the home care segment is expected to account for the largest share of the bowel management systems market in 2018. Factors such as the significant usage and growing adoption of bowel management products in home care settings need for device replacement on a regular basis, and rising incidence of chronic disorders are expected to drive the growth of the home care segment in the coming years.
Europe is expected to command the largest share of the Bowel Management Systems Market in 2018. The strong market position of Europe in the Bowel Management Systems Market is mainly due to the significant colorectal/bladder cancer & IBD disease burden, favorable reimbursement scenario, and the increase in its geriatric population. In addition, Asia Pacific region is the fastest growing region because of untapped opportunities, improving healthcare infrastructure, increase in awareness about available diagnostic procedures and technologies, and favorable government initiatives.
Bowel Management Systems Market share is consolidated, as the key multinational players occupy the major industry share. Coloplast and Medtronic are some of the major industry players. Production capacity expansion, brand portfolio expansion, mergers, collaborations, and acquisitions are the key strategies adopted by industry players. Coloplast is into consumer businesses that embrace innovative science to create medical products, anticipate consumer needs and create experiences that help people to live healthy & vibrant lives.
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Bowel Management Systems Market, By Product
• Irrigation Systems
• Nerve Modulation Devices
• Colostomy Bags
• Other Products and Accessories
Bowel Management Systems Market, By Patient Type
Bowel Management Systems Market, By End User
• Hospitals and Ambulatory Surgery Centers
• Home Care
Bowel Management Systems Market, By Region
• North America
• Middle East & Africa
• Latin America
Key Players operating in the Bowel Management Systems Market:
• B. Braun
• C.R. Bard
• Consure Medical
• Cogentix Medical
• Aquaflush Medical Limited
• Axonics Modulation Technologies
• MBH-International A/S
• Mederi Therapeutics Inc.
• Welland Medical limited
• Wellspect HealthCare
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the current Bowel Management Systems Market outlook. The report encompasses the Bowel Management Systems Market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for taking an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Bowel Management Systems Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain the Bowel Management Systems Market positioning of competitors.
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