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Onkar Sumant, Assistant Manager, Healthcare at Allied Market Research
According to a new report published by Allied Market Research, titled, "Bowel Management Systems Market by Product, Patient Type, and End User: Global Opportunity Analysis and Industry Forecast, 2018–2026," the global bowel management systems market size is expected to reach $3.59 billion by 2026, registering a CAGR of 4.5% from 2019 to 2026, in terms of value.
Bowel management system is used for the management of fecal inconsistency in patients and help them keep the skin free from contaminants and infections. The device is a soft catheter and is inserted into the rectum for fecal management to contain and divert fecal waste. It is mainly used to avert fecal waste from patient’s body and contain liquid and semi-liquid stool. For instance, DIGNISHIELD advance stool management system offered by Bard, is an advanced stool management device that draws from clinical insight to mitigate damage to delicate tissue due to leakage, pressure, and friction. Further, it helps protect patients from exposure, tissue damage, and odor. The device contains a catheter tube assembly, a 60cc syringe, a collection bag, a syringe of lubricating jelly, and a biological odor eliminator.
Surge in availability of technological advanced devices for fecal management, rise in geriatric population, and surge in fecal inconsistency related disorders are the major factors that drive the growth of the bowel management systems market. Further, growth in awareness regarding the availability of these devices accompanied with launch of new devices addressing the many unmet needs contributes to the market growth of the bowel management system market. However, lack of trained professionals and patient’s discomfort in using these devices hinder the growth of the market. On the contrary, development of the healthcare R&D facilities is expected to create lucrative opportunities for the bowel management systems market. Moreover, development of the healthcare industry and increase in R&D activities undertaken by the key players are expected to boost the market growth during the forecast period
By product, colostomy bags segment dominated the market in 2018 and is anticipated to continue its dominance during the forecast period. This is attributed to increased usage of these bags for the management of fecal inconsistency. The ease of availability and application of these devices further contributes to the market growth. However, irrigation systems segment is anticipated to grow at the fastest growth rate during the forecast period.
By patient type, adult patients segment accounted for the majority of bowel management systems market share in 2018, owing to the fact that the elderly population is more prone to face fecal inconsistency problem. Further, elderly people require more assistance and care in terms of inconsistency management. Therefore, significant rise in elderly population across the globe contributes to the bowel management systems market growth.
Key Findings of the Study:
Comprehensive competitive analysis and profiles of major bowel management systems market players such as Coloplast, Medtronic, 3M, B. Braun, CR Bard (BD), Cogentix Medical, Axonics Modulation Technologies, Hollister, Convatec, and Wellspect healthcare are provided in this report.
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