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Global Bowel Management System Market Growth to surge with Rising Incidences of Gastrointestinal Disorders

According to the estimations put forth by Inkwood Research, the Global Bowel Management System Market growth is set to evolve at a CAGR of 3.12% in terms of revenue during the forecasting years of 2021-2028.

“Browse 40 Market Data Tables and 41 Figures spread over 190 Pages, along with an in-depth TOC on the Global Bowel Management System Market Forecast 2021-2028.”

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A bowel management system protects the sacral and perianal pressure areas. The bowel management systems or devices, such as colostomy bags and irrigation systems, aid in minimizing the possibility of involuntary bowel leakage and constipation. It is primarily used in patients with fecal incontinence.

Increasing Incidence of Gastrointestinal Disorders Propels Market Growth

The growing prevalence of gastrointestinal disorders is set to increase the demand for irritable bowel syndrome (IBS) treatment products. As per the International Foundation for Gastrointestinal Disorders (IFFGD), almost 25-45 million US population had IBS in 2016. Also, as per the statistics put forth by the FDA in 2017, IBS is an oft-misunderstood condition affecting around 15.3 million people in the US. Moreover, gastrointestinal disease leads to chronic conditions like cramping, abdominal pain, diarrhea, constipation, gas, etc. Thus, the increasing chronic conditions and co-morbidities result in the growing irritable bowel syndrome complexities, thereby raising the demand for the market studied.



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Colostomy Bags have the Highest Market Share

A colostomy bag is used to collect fecal matter from the digestive tract through the stoma. The stoma is an opening in the abdominal wall. It is an essential medical device for fecal inconsistency patients. It is extensively used by elderly and bedridden people, and those suffering from irritable bowel disease. The surging geriatric population globally and the rising awareness about the usage of colostomy bags are set to boost the market growth.

Asia Pacific to lead the Global Market by 2028

The Asia Pacific region is densely populated. There is a surging demand for advanced healthcare infrastructure, a developing R&D infrastructure, growing healthcare reforms, advanced technologies, and an increasing number of hospitals in emerging countries, all of which contribute to market growth. The region has the presence of ConvaTec and Coloplast, which are established manufacturers of bowel management systems. They are increasingly focusing on product launches, adding to the increasing growth prospects of the market.

The competitive rivalry is evaluated to be high, with companies competing against each other through the provision of products with similar characteristics, features, and prices. The market is also witnessing the acquisition of major companies. ConvaTec, 3M Company, Becton, Dickinson And Company (C R Bard), Axonics Modulation Technologies Inc, B Braun Melsungen AG, etc., are among the well-established companies of the market.

About Inkwood Research

Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises North & South America, CEE, CIS, Middle East, Europe, Asia, and Africa.

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Related Reports:

GLOBAL ANTICOAGULANTS MARKET
GLOBAL IBS-C DRUG MARKET
GLOBAL HERNIA REPAIR DEVICES AND CONSUMABLES MARKET
GLOBAL URINARY SELF-CATHETER MARKET

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