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.
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As per the report, the market highlights some of the major market shareholders are significantly driving the market. These companies are mentioned below:
- Principle Business Enterprises, Inc.
- Braun Melsungen AG
- PHARMASAVE
- 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
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.
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.
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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.
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.
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