Pune, Sept. 01, 2020 (GLOBE NEWSWIRE) -- Global incontinence care products market size is prophesized to reach a value of USD 24.35 billion by 2026, exhibiting a CAGR of 6.9% by 2026, between 2019 to 2026.
This is attributable to the increasing geriatric population and the prevalence of incontinence problems among them. The market was valued at USD 14.30 billion in 2018. World Health Organization predicts about 120 million people in China will be above 80 years by the end of 2050. Such predictions will lead to surge in the number of patients with incontinence problems, thus propelling the incontinence care products market trends.
Objectives of the Report
The report on incontinence products presents a comprehensive overview of the market. It focuses on major growth trajectories such as drivers, restraints, challenges and opportunities that will have a significant impact on the incontinence devices market growth in the forecast duration. Besides this, the report lists various segments of the market and the competitive landscape of the market with base and forecast figures and the estimated CAGRs.
Adding to that, the list of significant players and their plan of action for drawing better revenues is available in the report. Furthermore, key industry developments and interesting insights into the market, along with current incontinence devices market trends, are also provided in the report. The report is available for sale on the company website.
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Significant Industry Developments of the Incontinence Devices Market Include:
July 2019 – A range of FIBRELLA Combo products was introduced by Suominen Corporation. This range of products guarantees excellent fluid management and softness in their incontinence products.
May 2019 – Poise Ultrathin Active Collection was launched by Kimberly-Clark. This collection included a range of products for women such as liners and pads, with more security in terms of leakage.
The coronavirus has majorly disturbed businesses working across various sectors. The restriction on transportation has limited the supply of products. Moreover, the government of several countries has initiated lockdown to prevent the spread of this infectious disease. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.
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Government Supported Awareness Programs Will Help Augment Growth
The launch of new and advanced personal hygiene products for incontinence disorders is a major factor propelling the overall incontinence care products market growth. Moreover, the rise in awareness about incontinence products, supported by governments, is expected to increase the incontinence devices market size in the forecast period. Apart from this, the popularity of home care services and the presence of online retail shops and the e-commerce industry will also attract high incontinence care products market revenue in the coming years.
Europe Market is Dominating on Account of Rising Number of Consumers Purchasing Urinary Catheters
Geographically, Europe dominated the market with USD 4.94 billion earned in 2018. This is owing to the rise in demand for urinary catheters, coupled with the increasing demand for disposable incontinent devices. Besides this, the government favoring home care services and providing educational programs is also anticipated to helped attract high incontinence devices market revenue to this region.
On the other side, the market in Asia Pacific is likely to witness robust growth on account of an increase in disposable incomes of people, a rising number of geriatric population, and increasing prevalence of incontinence in the region.
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Companies to Primarily Focus on Odor Control and Soft Touch of their Products
Major incontinence device market manufacturers are emphasizing on introducing new technologies to improve the quality of their products. Main objective of players is to focus on factors such as odor control, soft touch, and leakage-free qualities of the incontinence care products. There is a rise in the popularity of liners and pads, and this is further anticipated to intensify the market competition in the forecast duration.
Key Vendors of the Incontinence Care Products Market Include:
- Procter & Gamble.
- Kimberly-Clark Corporation
- PAUL HARTMANN AG
- ConvaTec Inc.
- Wellspect HealthCare (Dentsply Sirona)
- Essity
- Coloplast Corp
- Ontex
- Domtar Corporation
- BD
- Hollister Incorporated
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Incontinence Care Products Market Segmentations:
By Product Type
• Non-Absorbents
o Catheters
o Slings
o Drainage Bags
o Stimulation Devices
o Others
• Absorbents
o Underwear & Briefs
o Drip Collectors & Bed Protectors
o Pads & Guards
By Gender
• Male
• Female
By Usage
• Reusable
• Disposable
By Distribution Channel
• Institutional Sales
• Retail Stores
• Online Channels
By Geography
• North America (the U.S. and Canada)
• Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and the Rest of Europe)
• Asia-Pacific (Japan, China, India, Australia, Southeast Asia, and the Rest of Asia- Pacific)
• Latin America (Brazil, Mexico, and the Rest of Latin America)
• Middle East and Africa (South Africa, GCC, and the Rest of Middle East & Africa)
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