Aging Population, Launch of Innovative Products, and Growing Awareness Drive the Global Incontinence and Ostomy Care Products Market
The
global market for incontinence and ostomy care products is projected to exceed US$23.5
billion by 2024, driven by growing aging population; rising product awareness
among consumers; product innovations; and favorable healthcare reforms in
several countries.
The global market for incontinence products is driven by
factors, such as increasing incidence of urinary incontinence, rising aging population;
better consumer awareness, as well as introduction of innovative,
user-friendly, and customized products. The market is also witnessing
increasing online sales of adult diapers. Growing demand of the product from
the developing regions is also contributing to the market growth. Meanwhile,
the market for ostomy care products is driven by increasing survival rates from
colorectal and urinary cancers. Concurrent with this is the rise in the
prevalence rates of inflammatory bowel diseases, such as ulcerative colitis and
Crohn's disease, which necessitates patients to undergo surgical procedure. Additionally, product and technological
advancements, growing consumer awareness programs such as World Ostomy Day,
consumer retention programs such as Coloplast
CARE, and innovative marketing initiatives are the other factors driving
growth of the ostomy products market.
Segment-wise, disposable adult diapers dominate the
incontinence care products market globally. New incontinence diapers are advanced and
are highly discreet, ultra-thin and super absorbent. Ostomy care-bags
constitute the largest segment in the ostomy care products market. The
exemption of ostomy bags from 510k class I devices category, imply that these
products are subject to relatively less stern FDA approval norms, driving the
market growth.
As stated by the new market research report on Incontinence
and Ostomy Care Products, the US, Europe, and Japan constitute the largest
regions for incontinence and ostomy care. The incontinence products market in
these regions is also characterized by innovation, unique product designs, and
attractive packaging. The alarming rise in obesity levels, led by the rise in
income levels, increasing affluence, and sedentary lifestyles, is also expected
to maintain growth momentum for incontinence products in these regions.
However, the Asia-Pacific region is expected to witness the fastest growth for
incontinence and ostomy products, backed by China and India. Booming demand in
two of the world’s largest population bases is likely to result in high growth
for the Asian region.
Key players in the market include Attends Healthcare
Products Inc., B. Braun Melsungen AG, C. R. Bard Inc., Coloplast A/S, ConvaTec
Inc., First Quality Enterprises Inc., Hollister Incorporated, Kimberly-Clark
Corp., Medline Industries Inc., Cardinal Health Inc., Ontex International N.V, Paul
Hartmann AG, Essity Aktiebolag, The Procter & Gamble Company, TZMO SA, and
Unicharm Corp., among others.
The research report titled “Incontinence
and Ostomy Care Products: Market Analysis, Trends, and Forecasts” announced
by Global Industry Analysts Inc.,
provides a comprehensive review
of market trends, drivers, mergers, acquisitions and other strategic industry
activities of major market participants. The report provides market estimates
and projections for major geographic markets including the United States,
Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of
Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America
(Brazil, and Rest of Latin America), and Rest of World. Major segments analyzed
in the report include Incontinence Products (Disposable Adult Diapers,
Disposable Adult Shields, Disposable
Under Pads, Bags, Clamps, Cleaners,
Deodorizers, and Urinals) and
Ostomy Products (Ostomy Bags/Pouches,
Deodorants, Irrigation
Products, and Skin Barriers/Care
Products).
Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose
CA 95138, USA, All Rights Reserved.
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