Press release
Bowel Management Systems Market Set to Reach US$ 2.07 Billion by 2023, Overview by Key Players Coloplast (Denmark), Medtronic (Ireland), 3M (US) and Consure Medical (India), Cogentix Medical (US)
Report studies bowel management systems market based on product, patient type, end user, and region. The report also studies factors affecting market growth, it analyzes opportunities and challenges in the market and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micro markets with respect to their individual growth trends.Click Here for Sample Papers of Bowel Management Systems Market Now at https://www.reportsnreports.com/contacts/requestsample.aspx?name=1576547 .
Geographically, bowel management systems market is segmented into North America, Europe, Asia Pacific, and the RoW. RoW is projected to be fastest-growing regional segment in bowel management systems market. Rest of the World (RoW) comprises Latin America (including Brazil, Mexico, Peru, and Chile), the Middle East (including Egypt, Iran, Turkey, and Iraq), and Africa (including South Africa, Egypt, Ghana, and Nigeria).
The global bowel management systems market is projected to reach USD 2.07 billion by 2023 from USD 1.74 billion in 2018, at a CAGR of 3.5%. Expanding target patient population, rapidly growing geriatric population, availability of technologically advanced bowel management products, & favorable reimbursement scenario in developed countries are expected to drive demand for bowel management systems during study period.
Executive Summary
Premium Insights
4.1 Bowel Management Systems: Market Overview
4.2 Bowel Management Systems Market, By Product
4.3 Bowel Management Systems Market, By Patient Type
4.4 Bowel Management Systems Market, By End User
4.5 Geographic Snapshot of the Bowel Management Systems Market
Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Market Drivers
5.2.1.1 Expanding Target Patient Population
5.2.1.2 Rapidly Growing Geriatric Population
5.2.1.3 Availability of Technologically Advanced Bowel Management Products
5.2.1.4 Favorable Reimbursement Scenario in Developed Countries
5.2.2 Market Restraints
5.2.2.1 Discomfort Associated With the Use of Bowel Management Devices
5.2.2.2 Patient Preference for Non-Invasive Clinical Management of Fi
5.2.3 Market Challenges
5.2.3.1 Underreporting of Fi
5.2.3.2 Disparities in Reimbursement for Bowel Management Products in Emerging Countries
You Can Purchase the Bowel Management Systems Market Report Now at https://www.reportsnreports.com/purchase.aspx?name=1576547 .
Bowel management systems market is segmented into adult and pediatric patients on the basis of patient type. The adult patients segment is expected to account for the largest share in the bowel management systems market in 2018. The significant prevalence of FI among adults, increased public-private initiatives to enhance patient awareness related to effective FI management.
Key Stakeholders
• Bowel management product manufacturers
• Ostomy care bag manufacturers
• Third-party product suppliers and distributors
• Retail pharmacies and other off-the-shelf sales channels
• Raw material suppliers
• Market research and consulting firms
• National & international regulatory bodies
• Venture capitalist firms
• Hospitals & other healthcare providers
Key players operating in bowel management systems market are Coloplast (Denmark), Medtronic (Ireland), 3M (US), B. Braun (Germany), C.R. Bard (US), Consure Medical (India), Cogentix Medical (US), Aquaflush Medical Limited (UK), Axonics Modulation Technologies (US), ConvaTec (UK), Hollister (US), MBH-International A/S (Denmark), Mederi Therapeutics Inc. (US), Welland Medical limited (UK), and Wellspect HealthCare (Sweden).
More Information “Bowel Management Systems Market by Product (Irrigation Systems, Nerve Modulation Devices, Colostomy Bags, and Accessories), Patient Type (Adult and Pediatric), End User (Home Care and Hospitals, Ambulatory Surgery Center) - Global Forecast to 2023” report at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1576547 .
Bowel management systems market is categorized into four major segments, namely, irrigation systems, nerve modulation devices, colostomy bags, and other products & accessories. The colostomy bags segment is expected to account for the largest share in the bowel management systems market in 2018. Increasing number of target patient population, and growing availability of medical reimbursements for colostomy products across developed markets are expected to drive the growth of the colostomy bags segment in the next five years.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the market
• By Company Type: Tier I: 45%, Tier II: 34%, and Tier III: 21%
• By Designation: C-Level: 14%, Director-Level: 10%, and Others: 76%
• By Region: North America: 40%, Europe: 32%, APAC: 20%, and RoW: 8%
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