The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Bowel Management Systems Global Market Report 2024, the bowel management systems market is expected to show significant growth in the forecast period.

The bowel management systems market has demonstrated significant growth in recent years and is set to continue its upward trajectory. This blog delves into the current market size, future projections, key drivers, trends, and notable players shaping this sector.

Current Market Overview

• 2023 Market Size: $1.82 billion
• 2024 Market Size: $1.92 billion
• Growth Rate: Compound Annual Growth Rate (CAGR) of 5.0%

The market has experienced robust growth due to:

• Rising global elderly population
• Increased prevalence of chronic diseases
• Enhanced awareness and diagnosis
• Growing healthcare expenditure
• Favorable regulatory environments and new product approvals

Future Growth Forecast

• 2028 Market Size: $2.34 billion
• Forecast CAGR: 5.1%

Future growth is anticipated due to:

• Continued aging population
• Expanding healthcare infrastructure in emerging markets
• Government policies improving healthcare access
• Increased funding for bowel disorder treatment
• Rising awareness about bowel health
• Growth of online pharmacies and e-commerce
• Higher investments in R&D

View More On The Bowel Management Systems Market Report 2024 – https://www.thebusinessresearchcompany.com/report/bowel-management-systems-global-market-report

Key Trends:

• Integration of smart technology and AI for bowel condition management
• Advancements in endoscopic and laparoscopic technologies
• Development of eco-friendly bowel management systems
• Expansion of telehealth services for remote consultations

Market Drivers: Impact of Inflammatory Bowel Disease (IBD)

The prevalence of inflammatory bowel disease (IBD) is a major driver for market growth. IBD includes chronic conditions such as Crohn’s disease and ulcerative colitis, which are increasing due to:

• Changing lifestyles
• Environmental factors
• Genetic predispositions

Market Impact:

• Bowel management systems are essential for managing symptoms like diarrhea and fecal incontinence.
• As per Crohn’s and Colitis Canada, the number of IBD cases is expected to rise significantly by 2035, further driving market demand.

Technological Advancements

• Transanal Irrigation Devices: Significant advancements are being made, such as Coloplast A/S’s Peristeen Light, launched in February 2024. This device aids in managing chronic constipation and fecal incontinence with its intuitive, easy-to-use design.

Innovations:

• Improved patient outcomes through advanced irrigation devices
• Focus on user-friendly and effective bowel management solutions

Major Market Players

Key companies in the bowel management systems market include:

• McKesson Medical-Surgical Inc.
• Medtronic plc
• Medline Industries Inc.
• Braun Holding GmbH & Co. KG
• Becton Dickinson and Company
• Coloplast Pty Ltd.
• ConvaTec Group plc
• Hollister Incorporated
• Axonics Modulation Technologies
• Laborie Medical Technologies Corporation
• Others

Noteworthy Development:

• Clinisupplies Ltd.acquired the Aquaflush TAI business from Renew Medical Inc. in October 2023. This acquisition enhances Clinisupplies’ bowel management product offerings and supports patients with chronic bowel issues.

Regional Insights

• North America: Largest market in 2023.
• Asia-Pacific: Expected to be the fastest-growing region in the forecast period due to rapid healthcare developments and increasing demand for bowel management solutions.

Conclusion

The bowel management systems market is poised for continued growth driven by technological advancements, increasing prevalence of bowel disorders, and expanding healthcare infrastructure globally. Key players are actively enhancing their product offerings, and emerging trends are likely to shape the future of this market positively.

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