June 07, 2021
According to the research report titled ‘Global Adult Incontinence Market - Analysis By Product Type, Distribution Channel, End Users, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2021-2026)’, available with Market Study Report LLC, global adult incontinence market was evaluated at USD 3590.01 million in 2020 and is speculated to witness significant growth between 2021-2026.
Increasing healthcare awareness, surging geriatric population, and rising acceptance of such products are key factors driving global adult incontinence market growth. Furthermore, strict regulations and growing hygiene standards will also facilitate industry proliferation in the forthcoming years.
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Considering the COVID-19 pandemic, changes have been made in research & development methods to raise production capacity and efficiency of adult incontinence products. Also, technological advancements and innovations have made adult incontinence products thinner while improving their absorption capacity and performance, which in turn is favoring the overall market scenario.
As per product gamut, the market is segregated into pads & liners, diapers, guards & shields, skin care products, wipes, mattress protectors, and disposal bags & pails.
Speaking of distribution channel, the market sphere is divided into pharmacy & drug stores, online stores, and supermarkets. Based on end user spectrum, global adult incontinence industry is bifurcated into female and male.
The research literature examines this business sphere in detail by segmenting it based on end-user spectrum, distribution channel, product landscape and region. Growth rate projections and industry share captured by each segment are given in the study.
Regionally speaking, Asia Pacific captured a significant portion of global adult incontinence industry share in the recent past. Meanwhile, Canada is slated to significantly influence the industry dynamics greatly over 2021-2026.
Key players influencing worldwide adult incontinence market trends are Nobel Hygiene Pvt. Ltd., Kimberly-Clark Corporation, Procter & Gamble Company, McKesson Corporation, Ontex Group NV, 3M Company, Domtar Corporation, TENA, Attends Healthcare Products, and Byram Healthcare.
These companies are making strategic moves like investments, mergers & acquisitions, partnerships, innovative product launches, and collaborations to enlarge profit margins and strengthen their foothold in the business domain.