SEATTLE, Nov. 27, 2018 (GLOBE NEWSWIRE) -- The global adult incontinence products market was valued at US$ 9.7 billion in 2017 and is projected to exhibit a CAGR of 7.9% during the forecast period (2018–2026).
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Key Trends and Analysis of the Adult Incontinence Products Market:
Growing incidences of adult incontinence is driving growth of the global adult incontinence products market. According to the National Center for Health Statistics report in 2014, 25% of adults aged 65 and older suffered from moderate to severe urinary leakage while 8% of adults aged 65 and older suffered from moderate to severe bowel leakage in the U.S. In addition, diseases such as cancer and obesity increases the risk of urinary incontinence. According to the report published by Centers for Disease Control and Prevention in 2018, one out of every five men who has undergone prostate surgery for prostate cancer treatment loses bladder control. According to American Cancer Society, 164,690 new cases of prostate cancer were recorded globally in 2018, thereby increasing demand for adult incontinence products.
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Key Market Takeaways:
- Asia Pacific held market share of 26% in 2017, and is projected to be the fastest growing market throughout the forecast period. Rise in aging population is the major factor for this rapid growth. According to United Nations Population Fund, one in four people in Asia Pacific will be above 60 years old by 2050.
- North America held significant market share in the global adult incontinence market throughout the forecast period, owing to increasing healthcare spending on bladder incontinence. According to the data provide by Canadian Continence Foundation in 2014, a person suffering from incontinence and living at home spends around US$ 1,400 to US$ 2,100 in Canada. In addition, according to the Centers for Disease Control and Prevention, the average cost for bowel incontinence was US$ 4,100 per person in 2010.
- Some of the major players operating in the global adult incontinence market are DSG International Ltd., First Quality Enterprises, Inc., Essity AB, Kimberly-Clark Corporation, Procter & Gamble Co., Unicharm Corporation, Abena A/S, Hollister Incorporated, Covidien plc, Hengan Group, Ontex International, and Kao Corporation among others