Research Nester published a report titled “Bowel Stimulators Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global bowel stimulators market in terms of market segmentation by process type, patient type, application, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global bowel stimulators market is anticipated to attain a CAGR of ~6.5% over the forecast period, i.e., 2022 – 2031. The market is branched on the basis of patient type into adult, geriatric, and pediatric, out of which, the geriatric segment is estimated to hold largest market size in terms of revenue over the forecast period, owing to the higher cases of bowel and urinary incontinence amongst elderly population. Moreover, sphincter muscles become weak with age, resulting in loss of control over rectum, which is also estimated to boost the segment growth.
The global bowel stimulators market is estimated to witness growth over the forecast period on account of growing cases of urinary incontinence, bowel/fecal incontinence and other bowel disorders. Bowel stimulators can help a patient reduce the number of bowel accidents. Moreover, the growing geriatric population, combined with the rising healthcare awareness globally, are further estimated to boost the market growth.
On the basis of geographical analysis, the global bowel stimulators market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is anticipated to gain the largest market share throughout the forecast period on the back of the higher incidences of bowel and urinary incontinence in the region. According to the data by the U.S. National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), around 50 to 70 out of 100 patients admitted in nursing homes have fecal incontinence.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Geriatric Population Globally to Propel the Market Growth
According to the data by the World Bank census, 9.321% of the total population was aged above 65 years, in 2020.
Bowel incontinence is highly prevalent amongst the elderly, as muscles get weaker with age. As a result, the demand for bowel stimulator is higher amongst the older adults. Therefore, the growing share of the global geriatric population is bound to promote the market growth.
However, expensive surgical procedures, and the taboos associated with fecal disorders are expected to operate as key restraint to the growth of global bowel stimulators market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global bowel stimulators market which includes company profiling of 3M Company, Coloplast A/S, Medtronic plc, Globus Medical, Inc., C. R. Bard, Inc., ConvaTec Group plc, Hollister Co, Cogentix Medical, Aquaflush Medical Limited, and Axonics Modulation Technologies. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global bowel stimulators market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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