The global sales of stool management systems reached ~ US$ 355 million in 2018, unveils the new research study by Future Market Insight (FMI). According to the report, the stool management systems market is estimated to grow at a CAGR of ~ 3% in 2019, primarily influenced by the rising levels of awareness about incontinence. The increasing focus on awareness about incontinence offers sustainable growth opportunity for the stool management systems market throughout 2029, says the report.
The market for stool management systems in North America and Europe seems almost equivalent in terms of production in 2018. However, there are chances that this scenario will change during the forecast period. The European market is expected to take the lead in global stool management systems market, which FMI’s report has attributed to the increasing number of manufacturers within the European region, with diverse product offerings.
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1.2X Demand Growth Projected for Pediatric Stool Management Systems
While the demand for stool management systems for adults continues to hold the larger share, pediatric stool management systems are also expected to grow at a significant rate. Increasing attention towards pediatric fecal incontinence is further expected to boost the market growth during the forecast period.
Among different age groups, the adults segment for stool management systems is projected to take the leading position in the market. However, owing to rising problems of pediatric fecal incontinence and growing awareness among people, pediatric stool management systems is expected to grow 1.2X by the end of 2029. Furthermore, the adult stool management systems market is likely to face hindrance in growth due to high number of cases unreported such as social stigma about the disease.
Fecal incontinence is a common problem observed in children with spina bifida and anorectal malformations. Globally, it is noted that ~200,000 babies are born with spina bifida and bowel dysfunction and ~8,500 babies born with anorectal malformation and fecal incontinence.
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These pediatric bowel dysfunctions can be effectively managed with a well-established bowel management training programs. However, the bowel management training programs currently focuses on the adult and aging population mainly. Growing awareness regarding the pediatric fecal incontinence is likely to emphasize specialized training programs for bowel management of paediatric patients.
Cost-Effectiveness of Fecal Management Systems to Ensure Economic Benefits
Fecal incontinence is a common condition that impacts the life of patients with an economic burden in hospitals. The usage of stool management systems in hospitals has contributed significant economic benefits to the society and health benefits to patients. The total cost associated with stool management systems is lower than the traditional management system when factors such as urinary tract infections (UTI) cost, labor cost, indirect costs, and total product related costs are taken into consideration.
For instance, a study conducted in Canada reported a decrease from 35% to 42% in the daily material costs after the usage of stool management systems as compared to the traditional methods of using bedpans, briefs, and linens for the treatment of fecal incontinence. According to the study, the average daily material cost per patient ranged between CA$100 - CA$140 with traditional management system. However, this cost reduced to over CA$60 - CA$90 with the usage of stool management systems.
Furthermore, the usage of stool management systems in patients with fecal incontinence enables the prevention of pressure ulcers, which is one of the common complications in such patients.
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Table Of Content
1. Executive Summary
1.1. Market Outlook
1.2. Market Dynamics
1.3. Technology Advancements
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
2.3. Fecal Incontinence – Etiology
2.4. Fecal Incontinence - Patient Selection Criteria
3. Key Market Trends
3.1. Key Trends Impacting The Market
4. Key Success Factors
4.1. Porter’s Analysis
4.2. Key Promotional Strategies Manufacturers
4.3. Value Chain Analysis
5. Stool Management Systems Market (Volume) Analysis 2014-2018 and Forecast 2019-2029
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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Press Release Source: https://www.futuremarketinsights.com/press-release/stool-management-systems-market
Future Market Insights
Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, aerial view of the competitive framework, and future market trends.