Report : Europe Anal Irrigation Systems Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Product (Mini Devices, Cone Devices, Bed Systems, and Balloon Catheter Devices), Patient (Children and Adults), and End User (Hospitals, Clinics, Ambulatory Surgical Centers, and Home Care Settings)
Balloon Catheter Devices Segment to Register Highest CAGR During 2021–2028
According to our latest study on “Europe Anal Irrigation Systems Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product, Patient, and End User,” the market is expected to grow from US$ 130.76 million in 2021 to US$ 162.93 million by 2028; it is estimated to grow at a CAGR of 3.2% from 2021 to 2028. The report highlights the key factors driving the market growth and prominent players with their developments in the market.
Based on product, the Europe anal irrigation systems market is segmented into mini devices, cone devices, bed systems, and balloon catheter devices. In 2021, the balloon catheter devices segment accounted for the largest market share and is anticipated to register the highest CAGR of 3.7% in the market during the forecast period.
The Europe anal irrigation systems market, by patient, is bifurcated into adults and children. The adults segment held a larger market share in 2021 and is estimated to register a higher CAGR in the market during the forecast period. The incidence of neurological bowel disorders or diseases is widely seen among the older population as the of bowel disorders is directly related to the age the symptoms of bowel disease increases as the age rises. However, there are rising cases of bowel disorders among people aged between 40 and 60 years owing to cancer, physical or mental illness, and functional disorders. Neurological disorders, such as Alzheimer’s and Parkinson’s diseases, also lead to bowel disorders. Therefore, the rising incidence of these diseases and significantly growing geriatric population would drive the market growth at the fastest CAGR during the forecast period.
By end user, the Europe anal irrigation systems market is segmented into hospitals, clinics, ambulatory surgical centers, and home care settings. The hospitals segment held the largest share of the market in 2021 and is likely to continue its dominance in the market during the forecast period. Moreover, the hospitals segment is anticipated to register the highest CAGR in the market from 2021 to 2028.
The Europe anal irrigation systems market suffered from a shortage of bed in hospitals at the beginning of the COVID-19 pandemic due to the disruption in supply chain and reduction in demand due to the lockdown announced by most European countries. Market participants and end-users were losing their business due to the temporary closure of industries in various regions. Europe was hit hard by the exponential increase in the number of COVID-19 cases and deaths, leading to congestion in the plumbing system and high infection rates among health professionals. The COVID-19 pandemic has hereby exposed the weaknesses and lack of resilience in European health systems, with severe consequences for cancer care and patients. Crucial attention is required to restore cancer care, rebuild better, and prepare for the challenges ahead.
Various companies had undergone severe losses in the last quarter of 2019 and also faced a negative impact in 2020. Countries imposed complete lockdown during 2019–2021 to control the spread of virus. The lockdown has resulted in slow economic development across European economies due to closed trades and businesses. Companies based in Europe have reported negligible businesses from Asia Pacific. For instance, ConvaTec Group Plc had accounted less than 1% of sales from China. Also, the supply chain of the company was severely affected as small components and accessories are manufactured by third parties in various countries of Asia Pacific. Thus, the COVID-19 outbreak pandemic has widely affected public and private businesses. Therefore, the Europe anal irrigation systems market was negatively impacted and is thereby expected to grow at a slower rate in the following two to three years.
Anal Irrigation Systems Market: Competition Landscape and Key Developments
BD; ConvaTec Group Plc; Consure Medical, Inc.; Coloplast Group; B. Braun Melsungen AG; Renew Medical Inc.; MBH-International A/S; DENTSPLY SIRONA Inc.; ProSys International Ltd; and UROMED Kurt Drews KG. are among the leading companies operating in the Europe anal irrigation systems market.
Europe Anal Irrigation Systems Market, by Country, 2021 (%)
Geographically, the anal irrigation systems market has been segmented as follows:
Based on country, the Europe anal irrigation systems market is segmented into the UK, Germany, France, Italy, Spain, Switzerland, Sweden, Belgium, Norway, Austria, the Netherlands, Denmark, Finland, Luxembourg, and the Rest of Europe.
Contact Person: Sameer Joshi
Email Id: email@example.com