#Stool Management System Market Share 2021

[joeypetter]

Stool Management System Market Size 2022 Global Growth, Opportunities, Trends, Share, Regional Overview, Leading Company Analysis and Forecast to 2030| By R&I

The report is titled as ‘Stool Management System Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the stool management system market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. The stool management system market is expected to grow with a significant rate in the near future.

The global stool management system market in 2020 is estimated for more than US$ 2.3 Bn and expected to reach a value of US$ 3.0 Bn by 2028 with a significant CAGR of 3.5%.

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Stool Management System Introduction

The stool management system is a soft pipe or tube-like structure that is integrated into the rectum for stool management to hold and redirect the fecal waste in patients with weak or no bowel control with a view to look after the patient’s skin and decrease vulnerability to contagious microorganisms. It contains a low-pressure retention balloon at the edgeways end and a connector for adhering the storage pouch at the other end.

The stool management system helps in minimizing dissemination of contamination by maintaining and confining infectious waste of the body in a sealed system. In addition, the stool management system assists in the avoidance and safeguard of perineal and sacral pressure areas. Owing to which, the stool management system is estimated to observe huge demand in the coming years.

Basically, the stool management system is of great utility for immobilized incontinent or bedridden patients having weak or no bowel control and have a liquid or semi-liquid stool. Thus, the stool management system also supports elevating patient comfort. Attributable to which, the stool management system market is projected to accelerate rapidly in the forthcoming future.

Stool Management System Market Dynamics

The constantly increasing aging population across the world and rising fecal diseases among them is mainly fueling the growth of the global stool management system market. By the same token, there has been a huge upsurge witnessed in the prevalence of fecal problems among adult populations due to the frequent intake of junk food as well as little or no physical activities, which is also projected to propel the demand of stool management systems in the healthcare industry.

Attributing to which, the global stool management system market is expected to boost swiftly during the forecast period. Noticeably, the effective stool management system assists in the suppression and deviation of stool that can be either semi-liquid or liquid texture, and thus support in keeping the skin dry, clean, and free from moisture and contaminants that ultimately leads to skin breakdown, while also putting a stop to the contagion of the hands of healthcare workers and patient care environments. Hence, the stool management system is estimated to observe heavy demand in the global market in the near future.

Furthermore, development of enhanced technologies, practices, and standards within the healthcare industry has also opened the way for many necessary developments within the global stool management systems market. Therefore, the stool management system market is projected to witness significant growth in the coming years.

MMC Overview on Stool Management System Market Report

The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give better opportunity for the customers to put their effort.

A research report on the Stool Management System market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that supports market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

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Stool Management System Market Segmentation

The stool management system market is segmented on the basis of product type, application, and region.

By Product Type

Fecal Management System Kits

Accessories

By Application

Hospital

Clinic

Homecare

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Africa

Stool Management System Market Key Players

Some of the key participating players in stool management system market are

Braun Melsungen AG

R. Bard Inc.

ConvaTec, Inc.

Hollister Incorporated

The Parthenon Company, Inc.

Torbot Group, Inc.

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[meditech-insights]

Continence Care Market Overview by Increasing Demands and Sales 2021 – 2026

Continence is the skill to voluntarily control emptying the bladder and bowels effectively in a hygienic way while ‘Incontinence’ is the unwanted and involuntary leakage of urine or stool. Incontinence is estimated to affect approximately 400 million people worldwide.

Continence issues can arise due to spinal cord injuries, birth defects, multiple sclerosis, or aging-related disorders including benign prostatic hyperplasia (BPH). To address these concerns, continence care products are broadly used across medical facilities and they form an integral part of hospital & continued care in home settings for patients. It contains products such as intermittent catheters, external/foley catheters, urine bags, and products for bowel management (colostomy bags, nerve modulation devices, irrigation systems & other accessories).

The Global Continence Care Market valued at US$ 2.8 bn (2021) is expected to witness a growth rate of 5% in the next five years. The rising geriatric population, increasing cases of spinal cord injuries, prostate enlargement, prostatectomy, spina bifida, multiple sclerosis, urinary incontinence, benign prostatic hyperplasia (BPH), kidney stones, urethra blockages, scientific advancements, shift from reusable to single-use hydrophilic catheters, favorable reimbursement in key markets and improving access to healthcare in emerging markets are some of the key factors driving the global continence care market. However, commoditization and entry of low-spec players are likely to hamper the market growth.

Irregular Catheters Expected to Continue Its Dominance in the Next Five Years

Intermittent catheterization is the usage of a single-use catheter to drain the bladder on a regular or semi-regular basis. It is generally used over other forms of catheterization as it offers the following advantages:

Increased Autonomy: The patient is not required to wear the catheter constantly but only at regular intervals when emptying the bladder. It simulates natural voiding and can also be used at home and workplaces

Reduced Risk of Infections: Since the time the catheter is inside the body is less in case of intermittent catheterization, it reduces the chances of urinary tract infections (UTIs) and other infections

Reduced Complications: Intermittent catheters are removed at regular intervals and hence do not get encrusted. In scenarios where it gets blocked, it can be easily removed and replaced with a new one

“Intermittent catheters segment is differentiated with users preferring products proven to lower risk of infections & having greater ease-of-use. Patients typically use 3-4 intermittent catheters a day; often for many years/lifetimes. Because of its advantages, it is likely to continue to hold a major share in the coming years." Director, Leading Continence Care Device Manufacturer, United States

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The Trend of Forward Integration – A Key Winning Strategy

The important players operating in the continence care market are progressively buying distributors/wholesalers to have deep-rooted penetration in key markets. The control of distribution channels provides prominent players more ability to increase their market shares even though the regulation requires distributors to carry competing products.

For instance, 

Over the years, Convatec entered into several mergers and acquisitions [Southlake Medical USA (2019), J&R Medical USA (2018), Woodbury Holding USA (2017)] in the continence care market to establish its foothold in the market

Digital Patient Engagement – An Important Customer Acquisition Strategy

The leading players operating in the continence care market are investing in various service platforms/programs and patient support apps to retain existing customers and encourage users to upgrade to newer devices/platforms. Programs offer patients educational tools, access to nurses, advice on products & ability to capture/compare data. Key players such as Convatec & Coloplast have launched comprehensive patient support/nursing staff/apps to ensure strong patient engagement.

For instance,

The Coloplast® Care program offers:

Dedicated Care Advisor to assist patients with their product and lifestyle, education, and support

Product samples and tools to assist patients in their transition to using intermittent catheters or ostomy products

Assists patients in finding the right supplier for the product and insurance needs

Patients get monthly wellness education addressing lifestyle issues

High-tech Developments Drive the Continence Care Market

The continence care market is technology-driven and is marked by product enhancements/innovations.

For instance,

In January 2022, Otsuka Pharmaceutical Factory launched Actreen, an intermittent urological catheter. It is a single-use catheter that can be used during self-catheterization in people who have lost the urge to urinate or who usually have difficulty urinating. The surface of the catheter is coated with a hydrophilic lubricant, which can be used immediately after opening, and also contains a product with an integrated urine collection bag that can be used according to the patient's condition

In March 2021, Hollister launched the Infyna Chic™ intermittent catheter, the latest in the company's line of hydrophilic catheter products, in the US

Organic and Inorganic Growth Strategies Adopted by Players to Establish Their Foothold

The continence care market is marked by the presence of both established and new players. Players operating in the market adopt both organic and inorganic growth strategies such as acquisitions, and new product launches to garner market share. 

For instance,

In June 2022, Hollister was awarded a three-year group purchasing agreement for Urological products with Vizient, Inc., the nation’s largest member-driven health care performance improvement company. The agreement allows Vizient members increased access through negotiated pricing to the full portfolio of the Hollister Incorporated Urological products, including its VaPro™ hydrophilic catheters

The continence care market is expected to continue to grow in the coming years due to the aging population, penetration potential of intermittent catheters (ICs), improving access to healthcare in emerging markets, expanding middle-class population, better awareness & healthcare coverage, and growing cases of incontinence.

Competitive Landscape Analysis of Continence Care Market

The global continence care market is marked by the presence of players such as Coloplast, Wellspect, Bard/BD, Hollister, Convatec, Teleflex, B. Braun, UROMED, Renew Medical, and VitalCare among others.

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[newsinsights]

Stool Management Systems Market is expected to reach US$ 242.4 Mn by 2031

According to Future Market Insights (FMI), the demand for stool management systems is expected to rise significantly, reaching a market value of USD$ 166.5 Mn by the end of 2021.

Stool management systems are designed for bed ridden patients with fecal incontinence, a condition commonly known as bowel incontinence. These systems are used to prevent infections and reduce nursing time requirements.

The stool management systems are advantageous for older adults and patients suffering from constipation and fecal incontinence. Furthermore, it is also helpful for bed-ridden patients who may have been subject to aliments such as strokes, paralysis, or spinal injury.

According to the World Bank, approximately 700 million people were aged 65 and above in the world in 2019. Consequently, the overall high incidence of geriatric populations is resulting in the expansion of the patient pool and the resultant increase in the demand for stool management systems globally.

Fecal incontinence issues are common around the world and it has a notable burden on the economy and healthcare systems of society. The condition has impacted the economic system including hospital charges and nursing charges. Stool management systems help in reducing the nursing time and other hospital expenses.

Key players are focusing on strengthening their mergers and acquisition portfolios, in addition to advancement in technologies and new product launches. Europe holds the highest share in the market due to a vast target demographic, the presence of major market players, and high healthcare expenditure in the region.

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Key Takeaways from stool management system market study

Systems are key to revenue generation in the stool management systems market surpassing accessories. They are likely to account for 63% value share by the end of the forecast period.

Luer-lock syringes will lead, with a valuation of over US$ 16 Bn by the end of 2021 owing to security in drug administration processes.

The U.S. accounts for more than 92% share in the North America market, and will witness growth backed by presence of a well-established healthcare sector.

Germany and France are leading countries in Europe and will account for more than 18% and 16% of the Europe market respectively in 2021.

Australia is the largest and fastest growing market in Oceania, exhibiting 6.2% CAGR during the forecast period.

“Increasing geriatric population, technological advancements, and a rising focus on next-gen stool management systems will create lucrative growth opportunities through 2031,” says the Future Market Insights analyst.

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Who is Winning?

The global stool management systems market is set to expand due to the rising number of people suffering from stool related ailments. Leading organizations within the market are set to focus on research for healthcare systems to offer increasingly effective treatment options for superior patient outcomes.

Some of the leading players in the stool management systems market include B. Braun Melsungen AG, Becton Dickinson, ConvaTec, Inc., Hollister Incorporated, Prosyn International Ltd., Consure Medical and others.

About FMI

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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Report TOC: https://www.futuremarketinsights.com/reports/stool-management-systems-market/table-of-content

[waaaiz]

GCC Smart Home Market Research Report

Growth Opportunities in the GCC Smart Home Market look promising over the next six years. This is mainly due to the high adoption of smart devices among the end-users, the strong demand for real-time home security solutions and consumer electronics, the increasing investment for the development of technologies, and the IoT integration.

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GCC Smart Home Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The high adoption of smart devices among the end-users and the strong demand for real-time home security solutions and consumer electronics across the GCC countries are the prominent factors surging the growth of the GCC smart home market. With the increasing internet user base, consumers have drastically shifted towards the adoption of home monitoring systems, which can be controlled automatically utilizing smart gadgets or smartphones worldwide. This significant shift to raise the security of the homes will further surge the demand of the market. Additionally, rising government initiatives for the development of smart cities are further anticipated to stimulate the growth of the market. For example, the Dubai Vision 2021 and the "Dubai Smart City project" emphasis on changing the city into a smart city while providing a delightful experience to its citizens will further lead to an upsurge in demand.

The increasing investment for the development of technologies and the IoT integration will bring various new growth opportunities in the Smart home market, thus enhancing the demand of the market. The increasing focus on security and efficient energy management are the factors supporting the growth of the GCC smart home market during the forecast period. However, the high initial investment price of smart home appliances will hinder the growth of the market in the upcoming years.

Product Segment Drivers

Based on product, the GCC smart homes market is segmented into HVAC control, security and access control, lighting control, entertainment control, and other controls, smart speaker, smart kitchen, home appliances, home healthcare, and smart furniture. The entertainment control and other controls is predicted to dominate the market in the coming years due to the strong demand for volume, audio, and multimedia room controls among the customers. Furthermore, consumers are proactively searching for smart entertainment devices which offer rejuvenation and relaxation simultaneously.  The multi-room entertainment control system enables the user to centralize all connected devices while watching a movie or listening to a song. Additionally, the rapid advancement in wireless communication technologies will further bolster the demand for home theatre systems, thereby supporting the growth of the market. For example, Amazon Echo is a smart speaker that responds to voice commands utilizing research the internet, Alexa controls smart home devices and stream music according to the users' choice and mood. The growing electricity bill cost among household consumers is promoting them to adopt smart meters, smart locks, smart plugs, and smoke detectors, which will further accelerate the growth of the market.

GCC Smart Home Market’s leading Manufacturers:

·        Amazon

·        Robert Bosch

·        ASSA ABLOY

·        ABB Ltd.

·        Legrand

·        Samsung Electronics Co., Ltd

·        Sony

·        Lutron Electronics Co. Inc

·        Home Engine

·        Shifra Smart Homes

·        Avario Technologies

GCC Smart Home Market Segmentation:

Segmentation by Product:

·        Lighting Control

o   Relays

o   Occupancy Sensors

o   Daylight Sensors

o   Timers

o   Dimmers

o   Switches

o   Accessories and Other Products

·        Security and Access Control

o   Video Surveillance

§  Hardware

§  Software

o   Access Control

§  Biometric

§  Non-Biometric

·        HVAC Control

o   Smart Thermostats

o   Sensors

o   Control Valves

o   Heating and Cooling Coils

o   Dampers

o   Actuators Pumps and Fans

o   Smart Vents

·        Entertainment Control and Other Controls

o   Entertainment Control Products

§  Audio, Volume, and Multimedia Room Controls

§  Home Theatre System Controls

§  Touchscreens and Keypads

o   Other Control Products

§  Smart Meters

§  Smart Plugs

§  Smart Hubs

§  Smart Locks

§  Smoke Detectors

·        Smart Speaker

·        Home Healthcare

·        Smart Kitchen

o   Smart Refrigerator

o   Smart Coffee Makers

o   Smart Kettles

o   Smart Dishwashers

o   Smart Ovens

o   Smart Cooktops

o   Smart Cookers

·        Home Appliances

o   Smart Washers

o   Smart Dryers

o   Smart Water Heaters

o   Smart Vacuum Clean

·        Smart Furniture

o   Smart Tables

o   Smart Desks

o   Smart Stools and Benches

o   Smart Sofas

o   Smart Chairs

Segmentation by Software & Services:

·        Behavioural

·        Proactive

Segmentation by Countries:

·        UAE

·        Saudi Arabia

·        Oman

·        Kuwait

·        Rest of GCC

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

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