Faecal Extraction System Market Segmentation:
Technology Segment Analysis
Based on the technology, the automated/suction-based systems segment in the faecal extraction system market is anticipated to account for the largest share of 83.5% by the end of 2035. The segment’s growth is highly attributed to its capability to effectively enhance the efficacy and precision in tasks, such as healthcare and manufacturing, while boosting safety and diminishing expenses. In this regard, the March 2022 NLM article stated that a real-time cognitive workload assessment system can be utilized to successfully detect 80% of accuracy. Therefore, with the existence of a standard system, there is a huge growth opportunity for the segment.
Indication Segment Analysis
Based on the indication, the chronic faecal incontinence segment in the faecal extraction system market is projected to cater the second-largest share during the predicted timeline. The segment’s growth is highly fueled by the aspect of addressing economic, health, and social burden, and impacting the quality of life. According to an article published by NLM in September 2022, fecal incontinence incidence ranges from 2% to 21%, with an average range of 7.7%. In addition, the prevalence is reported to be 7% among women within 30 years of age, which is poised to increase to 22%, thereby making it suitable for the market to gain increased exposure globally.
Product Segment Analysis
Based on the product, the consumables and accessories segment in the faecal extraction system market is expected to account for the third-largest share by the end of the projected period. The segment’s development is highly driven by its supremacy, which is readily anchored in the crucial razor-and-blade business model. Besides, while evacuation pumps are considered a one-time purchase, every device requires a high-volume and continuous sterile supply, along with single-use components, such as sealing systems, collection canisters, and rectal catheters. Therefore, this develops a recurring and predictable revenue stream, which is extremely resilient and suitable for the segment’s growth internationally.
Our in-depth analysis of the market includes the following segments:
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Indication |
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