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Disposable Incontinence Products Market 2019 Driven by Becton Dickinson and Company, Kimberly Clark Corporation, Medline, Cardinal Health, and Coloplast

05-13-2019 05:10 PM CET | Health & Medicine

Press release from: Market Prognosis

The disposable incontinence products (DIPs) market is expected to witness a CAGR of 5.0% over the forecast period, 2019-2024. The key factors propelling the growth of this market are rising prevalence of renal diseases and nephrological injuries, technological advancements in the material used for disposable products and catheters, and increasing awareness toward personalized care and hygiene.

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The decreased renal function, primarily age-related, is one of the major indicators of hospitalizations, which may be accelerated due to several chronic diseases, such as hypertension, diabetes, and obesity, among other diseases, often leading to different stages of kidney diseases. These diseases are health burdens globally, with high economic costs to health systems. The excretions by the kidney into the urine formation may vary drastically and cause variations in the urinary pH and composition leading to urinary incontinence (UI) problems. Adult diapers are significantly necessary in such cases, including mobility impairment, severe diarrhea, or dementia. The recently published research data by the World Health Organization (WHO) validates the huge demand for incontinence products. As per the WHO Integrated Care for Older People (ICOPE) guidelines and specific population-based studies released in 2017, the prevalence of UI was observed to be in the range of 9.9% to 36.1%, in different patient pools.

Competitive Landscape
The disposable incontinence products (DIPs) market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by introducing new products with fewer prices. Companies like Becton Dickinson and Company, Kimberly Clark Corporation, Medline, Cardinal Health, and Coloplast Ltd, hold the substantial market share in the disposable incontinence products (DIPs) market.

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Scope of the Report
In incontinence, there is a lack of voluntary release of contents from the urinary bladder muscles, for which a range of disposable incontinence products (DIP) is manufactured by leading global medical devices companies. Its market is primarily boosted by the rising prevalence of a range of renal diseases and injuries.

Key Market Trends
Leg Urine Bag Sub-segment is Expected to Hold the Largest Market Share in the Urine Bag Segment
In the urine bag segment of the disposable incontinence products (DIPs) market, the leg urine bag sub-segment is believed to have the largest market size.

The growth of this segment is primarily attributed to the rising awareness toward personalized care and hygiene. Furthermore, there is an increasing number of people suffering from renal diseases. Also, there are several small companies that are manufacturing the leg urine bags and making them easily available for the use, which is the reason its adoption is increasing in the developing countries, and ultimately the overall segment is witnessing growth.

Asia-Pacific Region Indicates Large Growth Opportunities for the Disposable Incontinence Products (DIPs) Market
The countries in the Asia-Pacific region, such as Japan, China, South Korea, and Australia, were observed to possess higher awareness toward health and hygiene, which is expected to reinforce growth prospects over the forecast period. In addition, countries, such as China, India, and Japan have a large base of geriatric population, rising urban cities, and high hospitalization rate, which prompted the global players to actively invest in the adult disposable incontinence market in this region. Several middle-high income populations, particularly in China and Japan, are increasing their demand for high value-added products. Unicharm Company is one of the major dominant players among the Southeast Asian countries, such as Thailand and Indonesia. Additionally, several companies are adopting in-store sales strategies often tied with government campaigns and television advertisements. Thus, Asian countries are expected to promise large growth opportunities over the forecast period.

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

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