Future Market Insights, a leading market research firm, has forecasted significant growth in the global stool management system market. According to their latest industry analysis, the market, valued at approximately USD 470 million in 2024, is expected to grow at a compound annual growth rate (CAGR) of 3.0% through the forecast period, culminating in an estimated market value of USD 631.64 million by 2034.
In recent years, especially following the global pandemic, there has been a notable increase in awareness regarding the critical importance of maintaining bowel health and hygiene among healthcare professionals and patients alike. This heightened awareness has driven a surge in demand for stool management systems worldwide. The healthcare sector, in particular, has embraced these systems to enhance bowel management care for patients across various settings, including hospitals, nursing homes, and other healthcare facilities.
Get Access to Sample Now: https://www.futuremarketinsights.com/reports/sample/rep-gb-3568
The geriatric population is more susceptible to fecal incontinence and related conditions, leading to a greater demand for stool management solutions. Besides this, technological advancements in stool management systems, such as the development of more comfortable and effective devices, have also been driving the growth of the stool management system market. The growing adoption of stool management systems is also observed in government agencies, insurance companies, and healthcare organizations involved in financing and reimbursement.
The expansion of home healthcare services has also created a greater need for convenient and efficient stool management solutions. Additionally, improving healthcare infrastructure in emerging economies has facilitated better access to stool management systems. The shift toward minimally invasive treatments and procedures is also boosting the demand for non-invasive stool management solutions.
“There is still some hesitancy among the general population in adopting these systems. Companies in the stool management system market are therefore now engaging in collaborative partnerships with healthcare providers, including hospitals, clinics, and home healthcare agencies, to increase awareness about the benefits and importance of stool management systems among patients, caregivers, and healthcare professionals,” opines an FMI analyst.
Key Takeaways from the Market Study:
- The stoma bags segment is set to dominate the stool management system market, with a share of 63.76% in 2024.
- On the basis of end users, the hospital segment is on track to lead the stool management system industry with a share of 35.24% in 2024.
- The stool management system industry in the United Kingdom is anticipated to grow at a modest CAGR of 4.30% through 2034.
- The stool management system industry in India is estimated to rise at a 6.50% CAGR through 2034.
- The stool management system market in China has the potential to increase at a 6.20% CAGR through 2034.
Get Customization on This Report: https://www.futuremarketinsights.com/customization-available/rep-gb-3568
Competitive Landscape:
The stool management system market is highly competitive, with many companies supplying advanced colostomy and ileostomy bags, rectal irrigation systems, and ostomy care accessories to healthcare facilities. Some of the prominent players in this market include Convatec Group PLC, Hollister Incorporated, Coloplast Group, and B. Braun Melsungen AG. These companies have a strong market presence owing to their widespread reach and focus on research and development.
Recent Developments:
- In February 2022, Coloplast launched SenSura® Mio in Singapore, a stoma care innovation with BodyFit tech for ostomy patients.
- In May 2023, Advanced Medical Balloons GmbH introduced Hygh-tec, a fecal management system with FDA clearance, in the United States market.
- In Jan. 2023, OstomyCure completed TIES implant trial patient recruitment, paving the way for forthcoming CE Mark regulatory submissions.
Key Companies in the Market:
- Coloplast A/S
- Hollister Incorporated
- ConvaTec Group PLC
- B. Braun Melsungen AG
- C.R. Bard, Inc. (A subsidiary of BD)
- 3M Healthcare
- Salts Healthcare Ltd.
- Marlen Manufacturing & Development Co.
- Welland Medical Limited
- Torbot Group, Inc.
- Dansac
- Flexicare Medical Limited
- Genairex, Inc.
- Smith & Nephew plc
- EuroMed Inc.
- Pelican Healthcare Ltd.
- Hollister Ostomy Care
- Nu-Hope Laboratories, Inc.
- Parthenon Company Inc.
- Peak Medical Ltd.
A Comprehensive Full Report: https://www.futuremarketinsights.com/checkout/3568
Market Segmentation of Stool Management System:
By Product:
- Transanal Irrigation Systems
- Mini Devices
- Cone Devices
- Balloon Catheter Devices
- Bed Systems
- Stoma Bags
- Colostomy Bags
- Ileostomy Bags
- Urostomy Bags
By Age Group:
- Pediatric
- Adults
By End User:
- Hospitals
- Ambulatory Surgical Centres
- Home Care Settings
- Long-term Care Centres
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa (MEA)
- Europe
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
