EUROPE HELD THE LARGEST MARKET SHARE OF THE BOWEL MANAGEMENT SYSTEMS MARKET IN 2018, MAINLY ATTRIBUTED TO THE ENHANCED HEALTHCARE FACILITIES – AXIOM MRC

The market in Asia Pacific is anticipated to expand at a robust pace during the forecast period. Expansion of the market in the region is expected to be contributed by the rising geriatric population in India and Japan.

New York, May 14, 2019: Axiom Market Research & Consulting™ added a report on global bowel management systems market which includes study on various product, patient type and end users across several countries of key regions around the world. The global bowel management systems market was projected to grow at a CAGR of 4.10% for the forecast period 2019 to 2025. The global market is estimated and forecasted in terms of revenue (USD billion) generated by the bowel management systems market.

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Various products are used for bowel management including colostomy bags, irrigation system, nerve modulation devices and other products & accessories (catheters, anal plugs, pads etc.). Based on patient type, the industry has been segregated into adult and pediatric. The major end users of the market have been classified into hospitals, home-care settings and ambulatory surgical centers. Additionally, geographically, the global bowel management systems industry is studied for North America, Europe, Asia Pacific and Rest of the World.

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Expansion of the bowel management systems market can be attributed to the rising geriatric population with fecal incontinence and constipation, increase in the number of spinal cord surgeries performed annually and rise in awareness among people related to the advantages of bowel management systems. Furthermore, increasing longevity among the population, owing to the decline in the mortality rate, leading to the changing population demographics also fuels the market.

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For greater growth opportunities in the bowel management systems market, the established market players need to:
• Production capacity expansion, brand portfolio expansion, mergers, collaborations, and acquisitions
• Invest in regional capacity and expertise
• Focus on adopting inorganic as well as organic growth strategies

The major market players in the bowel management systems market include Coloplast (Denmark), ConvaTec Inc (United States), B. Braun Melsungen AG (Germany), 3M Company (United States), C. R. Bard, Inc. (United States), Cogentix Medical (Netherlands), Consure (India), Medtronic plc (Dublin), Aquaflush Medical Limited (UK), Hollister Incorporated (United States), Mbh-International A/S (Denmark), Wellspect Healthcare (Sweden) and Axonics Modulation Technologies, Inc (United States) and Welland Medical Ltd (UK) among others.

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Market research reports are based on scientifically developed statistics and content analytics tool ‘Qual-Quant Data Model’, in which various industry vertical’s qualitative information such as market drivers, restraints, opportunities, market trends, competitive landscapes etc. are tracked and compared. The tool also helps in the extraction of market size and growth rates and compares the value chain of the industry vertical.

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