December 8, 2021 05:04 EST | Source: Fortune Business Insights Fortune Business Insights
Pune, India, December 8, 2021 (GLOBE NEWSWIRE) - It is estimated that by 2026, the global incontinence care product market will reach USD 24.35 billion, and by 2026, the compound annual growth rate from 2019 to 2026 will be 6.9% . It is due to the increase in the elderly population and the prevalence of incontinence. The market value in 2018 was 14.3 billion U.S. dollars. The World Health Organization predicts that by the end of 2050, there will be 120 million people in China over 80 years old. Such predictions will lead to a surge in the number of patients with incontinence, thereby driving the market trend of incontinence care products. Fortune Business Insights™ in its recently released "Incontinence Care Products Market Size, Share and Industry Analysis, classified by product type [non-absorbents (catheters, slings, drainage bags, stimulation devices and others) and absorbents (underwear and Underpants, drip collectors and bed protectors, as well as cushions and protective covers)], by gender (male and female), by usage (reusable and disposable), by distribution channel (institutional sales, retail stores) and online Channels) and regional forecasts, 2020-2026."
Important industry developments in the incontinence device market include:
July 2019-Suominen Corporation launched a series of FIBRELLA Combo products. This series of products guarantees the excellent fluid management and softness of its incontinence products.
May 2019-Kimberly-Clark launched the Poise Ultrathin Active series. The series includes a series of women's products, such as pads and cushions, which have a higher level of safety in terms of leakage.
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Government-supported publicity programs will help promote growth
The launch of new and advanced personal hygiene products for incontinence diseases is a major factor driving the growth of the overall incontinence care product market. In addition, with the support of the government, awareness of incontinence products has increased, and it is expected that the market for incontinence devices will be expanded during the forecast period. In addition, the popularity of home care services and the existence of online retail stores and e-commerce industries will also attract high incontinence care product market revenue in the next few years.
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Due to the increase in the number of consumers buying urinary catheters, the European market dominates
Geographically, Europe dominated the market with a revenue of 4.94 billion U.S. dollars in 2018. This is due to the increasing demand for urinary catheters and the increasing demand for disposable incontinence devices. In addition, the government's preference for home care services and educational programs are also expected to help attract high incontinence equipment market revenue to the region.
On the other hand, due to the increase in people's disposable income, the increase in the number of elderly people and the increase in the rate of urinary incontinence in the region, the market in the Asia-Pacific region may see strong growth.
The company mainly focuses on product odor control and soft touch
Major manufacturers in the incontinence device market are emphasizing the introduction of new technologies to improve the quality of their products. The main goal of the player is to focus on factors such as odor control, soft touch and non-leakage of incontinence care products. The popularity of liners and liners has increased, which is expected to further intensify market competition during the forecast period.
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Major suppliers in the incontinence care product market include:
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