Bowel management systems are medical devices used to evacuate the bowels among individuals who suffer from fecal incontinence or who cannot control their bowels due to a medical condition or spinal cord injuries. It aims to empty the bowel in a controlled manner through use of enemas or mini suppositories helping in maintaining regular bowel movements and prevent constipation. The growing prevalence of colorectal diseases, neurological disorders and rising geriatric population prone to such conditions have increased the demand for effective bowel management solutions.
The Global Bowel Management System Market is estimated to be valued at US$ 3.2 Billion in 2024 and is expected to exhibit a CAGR of 4.0% over the forecast period 2024-2030.
Key Takeaways
Key players operating in the Bowel Management System are Coloplast, B. Braun, C.R. Bard,Cogentix Medical, Consure Medical, Medtronic, ProSys International, Welland Medical.
The increasing incidence of fecal incontinence, constipation and irritable bowel syndrome coupled with the rising aging population are major factors driving the demand for bowel management systems globally. As per the National Association for Incontinence, fecal incontinence affects around 12% of community-dwelling adults and up to 60% of nursing home residents leading to significant psychosocial distress.
Geographically, North America dominates the global bowel management system market owing to increasing healthcare expenditure and rapid adoption of novel devices. However, Asia Pacific is expected to witness the highest growth during the forecast period with growing medical tourism industry and improving access to healthcare in developing countries.
Market key trends
One of the key trends in the bowel management system market is the shift towards minimally invasive procedures. This includes development of non-invasive bowel irrigation systems and procedures involving use of enemas and suppositories that are less painful and possess lower risk of complications compared to surgical options. For example, companies are introducing and growing popularity of ready-to-use pre-filled enema systems and suppositories for home usage offering ease of administration.
Porter’s Analysis
Threat of new entrants: Low capital requirements for new companies to enter the bowel management system market. However, the established companies have significant brand recognition and distribution networks which create barriers.
Bargaining power of buyers: Individual patients have low bargaining power for bowel management systems due to inelastic demand for life-improving medical devices. However, large healthcare providers and group purchasers have significant power to negotiate on price and quality with suppliers.
Bargaining power of suppliers: The bowel management system market relies on a limited number of suppliers for specialized components and materials. This gives some key suppliers strong negotiating power, especially over smaller companies.
Threat of new substitutes: There is a constant need for innovation in bowel management technologies. While new alternatives may emerge, existing systems have well-known medical benefits and few direct substitutes that offer the same outcomes currently exist.
Competitive rivalry: The bowel management system market has numerous medium and large companies striving for market share. Companies compete based on product performance, features, brand recognition, and price.
Geographical regions of value concentration: North America accounts for the largest share of the global bowel management system market, both in terms of value and volume. This is attributed to the availability of advanced healthcare facilities and rising prevalence of bowel disorders in the region.
Fastest growing region: Asia Pacific is expected to witness the highest growth over the forecast period due to growing medical tourism, rising healthcare expenditure, and increasing patient awareness about bowel management.
What Are The Key Data Covered In This Bowel Management Systems Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Bowel Management Systems Market growth between 2024 and 2031.
:- Accurate calculation of the size of the Bowel Management Systems Market and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Bowel Management Systems Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Bowel Management Systems Market vendors
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*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Money Singh
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