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%.
Some of the major factors driving the growth of this market are expanding target patient population, rapidly growing geriatric population, availability of technologically advanced bowel management products, and favorable reimbursement scenario in developed countries.
In this report, the market has been segmented by product, patient types, end user, and region.
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On the basis of product, the market is categorized into four major segments, namely, irrigation systems, nerve modulation devices, colostomy bags, and other products & accessories. The other products & accessories segment is growing at the highest CAGR during the forecast period. This growth can be attributed to the increasing number of target patient population, rising patient awareness about the clinical benefits of ostomy care, off-the-shelf usage of these products (those require minimal or no medical supervision for patient administration), rising prevalence of FI across major healthcare markets, and significant patient preference for home-based bowel management strategies.
Based on patient type, the bowel management systems market is segmented into adult and pediatric patients. The adult patients segment is expected to grow at the highest CAGR during the period of 2018–2023. Factors such as the significant prevalence of FI among adults, increased public-private initiatives to enhance patient awareness related to effective FI management, and the availability of reimbursement in developed countries are expected to drive the growth of this market segment during the study period.
On the basis of end user, the bowel management systems market is segmented into home care and hospitals & ambulatory surgery centers. The home care segment is expected to grow at the highest CAGR during the forecast period. Factors such as the significant usage and growing adoption of bowel management products in home care settings, need for device replacement on a regular basis, and rising incidence of chronic disorders are expected to drive the growth of the home care segment in the coming years.
Based on region, the bowel management systems market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). The rest of the World is projected to be the fastest-growing regional segment in the bowel management systems market during the forecast period. The Rest of the World (RoW) comprises countries in 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 growing target patient population, ongoing expansion of healthcare infrastructure, and initiatives to enhance patient awareness are expected to drive the growth of the bowel management systems market in the RoW during the forecast period.
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