According to Goldstein Research, “Global incontinence products market is anticipated to driven by growing demand in colder regions and changing lifestyle of population”
The global incontinence products market is segmented by product type into internal and external products. Out of these, internal disposable products accounts for a larger market share in terms of revenue as compared to external products. Global incontinence products market accounted for USD 10.15 Billion in 2016 and further the market is predicted to register a modest CAGR of 5.4% over the forecast period i.e. 2016-2023.
North America and Europe regions are the most revenue generating markets for incontinence products, owing to high awareness and acceptance of these products in these regions. However, Asia-Pacific is expected to witness the highest growth in the coming years.
Rising geriatric population: Major Boost
The global population is rapidly aging, and the population of the elderly is projected to more than double by 2050. This is expected to give a major boost to demand for incontinence products as incontinence is more prevalent among the elderly. Rising incidences of chronic diseases and increasing obesity levels are further bolstering the demand for incontinence products.
However, availability of low cost alternatives by local manufacturers and environmental harm caused by disposable products are eating the revenue share of global players.
“Global Incontinence Products Market Outlook 2024” contains detailed overview of the global incontinence products market in terms of market segmentation by incontinence type, by product type, by distribution channel type and by end user type.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global Incontinence Products Market Report also includes provides competitive outlook of some of the major players of this market which includes profiling of companies like C R Bard Inc, First Quality Enterprises, Kimberly Clark Corporation, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global Incontinence market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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