Future Market Insights, in its recently published market research report, offers critical data related to the overall prospects of the global stool management market over the forecast period, 2019-2029. The report sheds light on the various factors that are expected to influence the dynamics of the market including the current trends, opportunities, restraints, challenges, and more. According to the report, the value of the global stool management market is likely to reach ~US$ 365 million in 2019 and the market is expected to grow at a compounded annual growth rate (CAGR) of ~3% over the forecast period, 2019-2029.
Some of the leading factors that are expected to drive the market growth include, awareness related to the benefits of stool management, growing prevalence of stool management training, the surge in the number of fecal incontinence cases, and advances in technology that are enabling effective stool management solutions. Moreover, market players operating in the stool management market are likely to introduce innovative and effective products to gain a competitive edge within the current market landscape.
Growing focus on stool management training expected to propel demand
Stool management programs play an imperative role in offering individuals the desired skill and knowledge to cater to the bowel elimination requirements of the patients. The objective of the stool management programs is to ensure that patients can cater to their bowel requirements in their respective homes with the assistance of a caregiver. Further, these programs aim towards improving stool consistency and develop a consistent fecal elimination routine. Moreover, there are efforts being made to introduce stool management training in hospitals and cancer centers to improve the efficiency of bowel management provided by caregivers. However, at present, a majority of the stool management programs are developed for the aging and adult population.
Increasing awareness related to incontinence to boost the market growth
In the current scenario, multiple government and non-government organizations are highly focusing on improving awareness regarding incontinence issues among the patients. In addition, several charity organizations and NGOs are promoting incontinence training in teenagers and children in regions including, the UK and Australia among others. Thus, an increase in the overall awareness regarding incontinence among consumers and caregivers is likely to positively influence the growth of the stool management market in the near future.
North America and Europe set to remain key market
Although North America dominated the market share in 2018, the market in Europe is expected to assert dominance over the forecast period owing to a range of factors including, swelling awareness related to fecal incontinence, significant presence of market players in the region, and growing support from the NHS towards the reimbursement of stool management systems.
Stool Management Market: Vendor Insights
The report covers the major players operating in the stool management market and provides critical insights such as the market share, product offerings, growth strategies, and more. Some of the leading players in the stool management market are, B. Braun Melsungen AG, ConvaTec, Inc., Becton Dickinson (C.R. Bard), Hollister Incorporated, Consure Medical, and Prosyn International Ltd. (Secco FMS) among others.
For any queries linked with the report, ask an analyst@ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-3568