Incontinence Products Market Boost Demand, Impressive Growth Rate during the Forecast Period 2019 to 2026-The Revert News
Incontinence Products Market 2019 Fortune Business Insights report covers a detailed study of the Memristors Market size, growth, and share, trends, consumption, segments, application and Forecast 2026
The United Nations Organization (UNO) states that by the end of 2030, aging population in the world will reach 1.4 billion. This will in turn favor the expansion of the incontinence product market. Fortune Business Insights in a report, titled “Incontinence Products Market Size, Share and Global Trend By Type of Product (Pads and Protective Garments, Devices), By Type of Usage (Disposable, Reusable), By Age Group (Adults, Pediatrics), By Gender (Male, Female), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies) and Geography Forecast till 2026” predicts that the market for incontinence products will grow at a progressive rate owing to the increasing number of old aged people worldwide.
The report offers comprehensive market overview, covering the most significant trends prevalent in the global market. It presents insights into the key growth drivers and restraints influencing the market growth trajectory.
some of the major market companies are mentioned below:
- Principle Business Enterprises, Inc.
- Braun Melsungen AG
- R. Bard, Inc.
- Kimberly-Clark Corporation
- Samela Inc.
- First Quality Enterprises Inc.
- Boston Scientific Corporation
- Attends Healthcare Products, Inc.
- Essity Hygiene and Health AB
- Discovery Trekking Outfitter
According to the report, the overall incontinence products market share can be categorized based on the type of product, type of usage, age group, gender, distribution channel, and geography. Based on type, the market is segmented into pads and protective garments on one side and devices on the other.
The devices segment is further divided into external catheters, penile clamps, and pessaries, while the pads and protective garments segment is grouped into plastic pants, protective underpads, incontinence briefs and panties, and absorbent pads, wherein absorbent pads are further bifurcated into pull-on style and tab style. As per current market trends, the market is anticipated to register a significant growth rate from pads and protective garments segment. This is likely to continue so in the coming years, owing to the widespread adoption and usage of this product segment across the globe.
By Type of Product
- Pads and Protective Garments
- Absorbent Pads
- Incontinence Panties and Briefs
- Protective Under Pads
- Plastic Pants
- Penile Clamps
- External Catheters
By Type of Usage
By Age Group
- By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East and Africa (South Africa, GCC and Rest of Middle East and Africa)
The Middle East and Africa and Latin America Regions to Grow Significantly During Forecast Period
The global market for incontinence products is likely to generate high revenues from North America and Europe and anticipated to continue doing the same in the forecast period as well. This is owing to the presence of well-established healthcare infrastructure and medical facilitiesy in the regions. On the other side, markets in Latin America and the Middle East and Africa are still in a developing phase and are anticipated to grow significantly in the coming years.
Manufactures are expected to focus on new product launches and acquisitions to increase their customer base and broaden product portfolio. Some of the recent development made by companies are mentioned below:
Tripe W launched DFree in October 2018. DFree is a smartphone connected and wearable device for incontinence using algorithm, and ultrasound sensor for incontinence.
The product offering of AdVance XP Male Sling System was launched by Boston Scientific in February 2019. This product has been redesigned for providing better replacement and improved stability and is designed for male stress urinary incontinence use only.
Increasing Geriatric Population to Drive Incontinence Products Market Growth
A key factor encouraging the growth of the global incontinence products market is the increase in geriatric population. With age, people may lose control over most of their voluntary muscles. This acts as a major driver of the incontinence products market growth. In addition to that, the widespread presence of market players and the easy availability of such products across all geographies is also anticipated to help the global incontinence products market generate handsome revenues in the forecast duration. Launch of new products and favorable policies implemented by governments are anticipated to aid the global incontinence products market expansion.
However, using incontinence products runs a risk of infection from prolonged use, and this may act as a hindrance to the global market growth. This, coupled with, the lack of awareness about the existence of these products, especially in developing nations may also cause restrictions in the growth of the market in the long run.
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