Market Trends of Bowel Management Systems Industry
Colostomy Bags Segment Expected to Witness Significant Growth over the Forecast Period
- A colostomy is defined as the colon that is linked with the stoma, thereby bypassing the anus and rectum. A colostomy bag is a small pouch used for closed colostomy procedures. It is used for the collection of waste from a surgically diverted biological system. There are mainly two types of colostomy bags, disposable types, and reusable bags.
- Disposable bags are the preferred ones, due to certain advantages, like removing and disposing of them is quite easy, and they are easy to carry everywhere. The segment is expected to grow due to factors such as high incidence rates and health complications associated with bowel diseases, such as irritable bowel syndrome, multiple sclerosis, Crohn's disease, and cancer. The colostomy bag segment is therefore expected to be driven by the rising incidence of chronic diseases.
- For instance, Crohn's disease is a form of inflammatory bowel disease (IBD) that can impact any portion from the mouth to the anus of the gastrointestinal tract, which boosts the colostomy bag segment. As per the article published in 2022 by Crohn's and Colitis Organization, one in every 123 people in the United Kingdom has had Crohn's disease annually. Thereby, this factor is going to elevate the growth of the segment.
- Additionally, according to the American cancer society, in 2023, it has been stated that colorectal cancer is the third most common cancer diagnosed in the united states. According to a similar source, it has been estimated that in 2023 there will be around 106,970 new cases of colon cancer and around 46,050 new cases of rectal cancer. Thereby the high prevalence of colorectal cancer is going to elevate the need for colostomy bags. Hence this is elevating the market growth.
- Also, the increasing product developments and clinical trials are expected to contribute to the growing demand for colostomy bags, thereby boosting the growth of the studied segment. For instance, in December 2021, Coloplast launched a clinical trial to test the effect of its ostomy product, Heylo, a product that uses sensors to warn patients with colostomy bags about leakage and advise them about how to prevent it. Thus, the above-mentioned factors are expected to drive the growth of the studied segment during the forecast period.
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North America Expected to Dominate the Market
- North America is expected to dominate the bowel management systems market over the forecast period. This is owing to factors such as the rising prevalence of colorectal cancer and the growing geriatric population. Additionally, increased patient awareness, rising adoption rates of intestinal management systems, increasing investments in product development, excellently-established healthcare infrastructure, and strong acceptance of developed products are some of the key factors ensuring the region's dominance.
- Additionally, according to the study published in the National Library of Medicine (NLM) by Christopher McDowell; in May 2022, for ulcerative colitis and Crohn's disease, the incidence of inflammatory bowel disease (IBD) in North America has ranged from 2.2 to 19.2 cases per 100,000 people in a year and 3.1 to 20.2 cases per 200,000 people in a year respectively. Adult ulcerative colitis and Crohn's disease prevalence in the United States were 238 per 100,000 people and 201 per 100,000 people, respectively. Therefore, it is anticipated that the rising prevalence of IBD diseases in the nation will increase demand for bowel management systems market expansion.
- Moreover, the new investments in the market for R&D and ramping up production are further expected to have a positive impact on the market over the forecast period. For instance, in July 2021, Trio Healthcare secured a second round of funding from US finance company SWK Holdings corporation of approximately USD 10 million in total. This will support Trio's R&D and manufacturing as it scales up operations to support a large-scale global roll-out of Trio's stoma bag, Genii. Thus, the above-mentioned factors are expected to drive the growth of the region during the forecast period.
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