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Incontinence Products Market to Witness a Healthy Y-o-Y Growth during 2016 - 2022
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The WHO report projects that in almost every country the proportion of people aged over 60 years is growing faster than any other age group, as a result of both longer life expectancy and declining fertility rates. Also the rise in the population of diabetic Mellitus patients worldwide provides a good platform for this market. However, there are some bigger challenges faced by this industry like the threat of alternates and substitutes and the threat from low-cost manufacturers.
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The incontinence products market can be segmented based on product type, into, external & internal. External products include; absorbent products, hand wash, gloves, body wash, barrier cream, repair cream, hand held urinals, bed pads, shampoo caps, whereas, internal products include; tampons, disposable urethral Inserts, pessaries. Based on raw material used- plastic, cotton fabric, super absorbents, cotton fiber, latex, others (water proof materials).
In terms distributional channel, the market is segmented into institutional & homecare and retail trade. Out of which institutional & homecare is estimated to be the major end-users, accounting approximately 60% of the global market for incontinence products and the retail market owns remaining 40% of the market.
Geographically, the incontinence products market is segmented into seven regions which are ; North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East and Africa (MEA) and Japan. Among all the regions, Western Europe is the highest contributor in term of revenue in global incontinence products market followed by Asia Pacific, North America & it is expected that in near future, Asia Pacific is going to lead this market.
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Japan, having the highest proportion of elderly citizens could be a big market for this segment. The ever growing population of China will drive the demand for healthcare products, consequently resulting in the growth of the incontinence market in country. Saudi Arab, Kiribati, Kuwait, Bahrain are world’s leading diabetic prevalent nation. These countries also have a good market potential for incontinence products.
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