Incontinence Care Products (ICP) Market worth $16.5 billion by 2028 | Essity Aktiebolag (publ) (Sweden), Kimberly-Clark Corporation (US), The Procter & Gamble Company (US)

Incontinence Care Products (ICP) Market in terms of revenue was estimated to be worth $12.6 billion in 2023 and is poised to reach $16.5 billion by 2028, growing at a CAGR of 5.6% from 2023 to 2028 according to a new report by MarketsandMarkets™. Growth in the incontinence care products market is mainly driven by the increasing geriatric population and subsequent rise in the prevalence of chronic medical conditions, significant prevalence of incontinence, growing attention to personal hygiene. Rapid urbanization and rising disposable income also contribute to the growth of the market. In addition, emerging markets such as India and China are expected to offer growth opportunities for players operating in the incontinence care products market during the forecast period. However, disparities in the reimbursement for incontinence care products is restricting the growth of this market.

Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=71950351&utm_source=Openpr&utm_campaign=Paid&utm_content=Referral

In 2022, the absorbable segment held the largest share of the incontinence care products market, by product type segment

Based on product type, the global incontinence care products market is categorized into absorbents and non-absorbents. Absorbents provide better comfort to incontinence patients by preventing the leakage of urine, making it a preferred option, hence accounting for large share. These products are also easy to use as compared to non-absorbents.

In 2022, the e-commerce segment held the largest share of the incontinence care products market, by distribution channel segment

By distribution channel, the incontinence care products market has been segmented into e-commerce, retailer pharmacies, and hospital pharmacies. The large share of this segment can be attributed to factors such as increasing digitalization, advancements in technology, and rising internet accessibility. Besides, the products sold on e-commerce platforms are comparatively more affordable than the products sold offline, since the costs associated with warehouse storage and maintenance is not involved.

Europe dominates the global incontinence care products market

Based on the region, the incontinence care products market is segmented into North America, Europe, Asia Pacific, and Rest of the world. In 2022, Europe accounted for the largest incontinence care products market share. The large share of Europe in this market can be attributed to the increasing prevalence of incontinence and chronic conditions and rising healthcare spending. In addition, various key players have their headquarters or major sales networks situated in European countries, making it a mature and developed market.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=71950351&utm_source=Openpr&utm_campaign=Paid&utm_content=Referral

Incontinence Care Products (ICP) Market Dynamics:

Drivers:

Increasing geriatric population with chronic medical conditions
Significant prevalence of incontinence
Growing attention to personal hygiene
Rapid urbanization and rising disposable income

Restraints:

Social stigma associated with incontinence care products
Environmental concerns related to disposal of incontinence products

Opportunities:

Development of bio-based superabsorbent polymers
Rising adoption of smart diapers

Challenge:

Underreporting of fecal incontinence
Disparities in reimbursement for incontinence care products

Key Market Players:

The major players operating in this market are Essity Aktiebolag (publ) (Sweden), Kimberly-Clark Corporation (US), The Procter & Gamble Company (US), HARTMANN (Germany), Ontex BV (Belgium), Unicharm Corporation (Japan), Coloplast A/S (Denmark), Cardinal Health, Inc. (US), Medline Industries, LP (US), McKesson Corporation (US), ABENA (Denmark), Attindas Hygiene Partners Group (US), Hollister Incorporated (US), Dynarex Corporation (US), ConvaTec Group Plc (UK), Becton, Dickinson, and Company (US), Wellspect Healthcare (Sweden), Stryker (US), First Quality Enterprises, Inc. (US), Principle Business Enterprises, Inc. (US), TZMO SA (Poland), Primare International Ltd. (Canada), Drylock Technologies (Belgium), NorthShore Care Supply (US), and Nobel Hygiene (India).

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=71950351&utm_source=Openpr&utm_campaign=Paid&utm_content=Referral

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

About MarketsandMarkets™:

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

This release was published on openPR.