In a recent published report, Kenneth Research has updated the market report for Stool Management System Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Stool Management System Market products.
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The Stool Management System market is estimated to represent a global market of USD 1.65 billion by 2017 with growth rate of 4.2%.
Fecal incontinence is the one the major challenging condition, if not managed well can lead to transmission of hospital acquired infection. This may lead to significant complication to patient’s health and wellbeing as well as wellbeing of caretaker and healthcare institution.
The nosocomial transmission including clostridium difficile and norovirus in intensive care unit is one of the major problem. The advancement in stool management system can significant help in reducing and managing the risk of transmission of hospital acquired infection. Furthermore, use of stool management system will prevent contact with patient’s stool, thus avoids the contamination of patient’s environment and provides effective diversion of stool.
This report presents the global market size (revenue) of key companies in Stool Management System business. This report presents a comprehensive industry overview, market shares, and growth opportunities of Stool Management System market by type, application, key regions and countries and key manufacturers.
In terms of types, fecal management system kit dominates the market over the forecast period. Awareness related to stool management in emerging economies including Brazil and China is increasing. Furthermore, companies have increased their spending towards the development of innovative products aimed at reducing rectal injuries, thus has led to increase adaptation of products. Moreover, fecal management kit helps in reducing the transmission of hospital acquired infection, thus reducing the final burden of patient, as well as healthcare institutions.
Hospital was the major revenue contributor in 2017. In the U.S., nosocomial clostridium difficile is leading cause of hospital acquired diarrhoea. Clostridium difficile associated infection and mortality is increasing with unprecedented rate, leading to financial burden on hospital, caretaker and patient. Homecare segment is expected to grow with a promising growth rate during the study period. Growing geriatric population is one of the key drivers for the market. As per the United Nations (Department of Economic and Social Affairs), population aged above 60 is likely to reach 2.1 billion by 2050.
North America has accounted the largest market in 2017 as the prevalence of diseases like Inflammatory bowel disease and colorectal cancer is rising in the region. Europe stool management system market was accounted for over 35% of market share. Growing prevalence of pressure ulcer in European countries such as UK, Germany, and Spain is expected to increase awareness regarding stool management system over the coming years.
On contrary, Asia Pacific stool management system market is anticipated to grow at a decent CAGR during the forecast period. Favourable reimbursement policies in Japan and Australia is expected to drive the regional growth over the projected period.
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Key Vendor Takeaway
The research report presents the market competition landscape and a corresponding detailed analysis of the major vendors/manufacturers in the market. Market Segment by Manufacturers, this report covers
Braun Melsungen AG.
The Parthenon Company, Inc.
R. Bard, Inc.
Torbot Group, Inc.
The market is moving towards the consolidation. The companies operating in the market have increase spending towards the development of advanced aimed at reducing skin breakdown. Additionally, this report discusses risks faced by key manufacturers and the market as a whole. It also analyses key emerging trends and their impact on present and future industry development.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year – 2014 & 2016
Base Year – 2017
Estimated Year – 2018
Projected Year – 2025
Traders, Distributors, and Suppliers
Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY TYPE
Fecal Management System Kits
MARKET, BY APPLICATION
MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of the World
Middle East and Africa
About Kenneth Research
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