Global Incontinence Products Industry Insights, Trends and Forecast up to 2031
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Global Incontinence Products market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Global Incontinence Products
The report offers actionable and valuable market insights of Global Incontinence Products. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Global Incontinence Products Market across various industries and regions.
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This newly published and insightful report sheds light on Market Insights of Global Incontinence Products, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Global Incontinence Products Market.
Sales of incontinence products are estimated to reach ~8 billion units in 2019, according to a recent study published by Fact.MR. Incontinence products market will continue to remain rife with opportunities, with demand primarily driven by aging demographic, burgeoning consumer education, rising awareness about product availability, and a progressing shift away from tabooing of incontinence problems. Sales of incontinence products will remain highly influenced by the growing health and wellness trend, says the Fact.MR report.
Increasing incidences of incontinence caused by myriad contributing factors, such as, age, obesity, child birth, PTSD, and prostate surgeries are driving the demand for novel approaches for incontinence products development. Demographic and health determinants, coupled with growing understanding of incontinence condition, product normalization, and development of more product formats to address wearer-specific needs and conditions continue to promise higher gains in the incontinence products market.
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Incontinence Products Market – Competitive Landscape
The incontinence products market remains consolidated in nature, with the leading players capturing a whopping ~70% share in revenues. Essity AB, Kimberly-Clark Corporation, and Procter and Gamble, among others, are focused on technology advances for new launches at affordable price points, to remain ahead of the curve.
Companies are offering advanced disposable underwear designs to make them more similar to regular underwear in terms of fit, softness, and discretion.
While leading companies adhere to traditional growth strategies, such as product portfolio expansion, mid-level counterparts are emphasizing on strong production capabilities, and eying robust presence overseas. Pricing strategies aimed at making products more affordable remain the key focus area of the companies that are vying to appeal a wide pool of incontinence sufferers.
Increasing awareness about novel incontinence products, such as new wears that are more comfortable and discreet are upholding gains in market. The two-fold growth in the development of products that are based on customer ‘feel good’ factor is reinforcing the opportunistic potential of the market, which the study indicates is estimated to witness ~4% Y-o-Y growth in 2019 over 2018. The market is likely to witness considerable penetration of incontinence products in gender specific designs compiled with colorful and soft inner as well as outer sheets.
The Fact.MR study opines that disposable pads and liners will represent ~33% demand share in 2019, however, currently high in demand incontinence products for females are likely to be overtaken by products for males through 2029. As advertising continues to largely normalize incontinence as a standard retail product, manufacturers are widening their product portfolio to capitalize the potential spike in the demand for incontinence products in the years to come.
As per the report findings, though incontinence products market is witnessing considerable traction for super absorbents, which contributed sales of ~2 Bn units in 2018, cotton fabrics based variants are likely to account for significant sales through 2029. The use of light incontinence disposable pads and liners and moderate/heavy disposable protective underwear will grow significantly in developed as well as developing countries in the forthcoming years.
Gender-Specific Products and Packaging Designs Becoming Prevalent
According to the study, incontinence products manufacturers are leveraging novel packaging styles with vibrant colors and design graphics to completely lift the dampening stigma around the condition. As the previous institutional-style image of incontinence products has already started losing grip on product sales, stakeholders are harnessing the power of customer-appealing designs to unlock higher gains in the market. The study points towards greater prevalence of gender-specific development and packaging of incontinence products and sales through 2029.
As per the study, while the manufacturers are reformulating their product developing strategies, they are projected to place their focus on the development of organic incontinence products. This shift from conventional to organic incontinence products is likely to pick pace in the forthcoming years. Fact.MR study indicates that organic incontinence products currently account for a fourth of total sales, and envisages organic variants to outpace conventional counterparts over the course of next decade, in terms of rate of adoption.
Expanding elderly population in developing regions, burgeoning consumer awareness and growing acceptance about incontinence and related conditions, are fueling the growth of incontinence products market. The report suggests that increasing investments in product innovations in sync with the ‘personalization’ trend will be an instrumental move in favor Several market players are strengthening presence in Asia Pacific, owing to rising prospective consumer incomes, growing understanding of urinary incontinence and products that are aimed at addressing the condition, to reinforce foothold in the market. However, the study also mentions that, while developing regions are witnessing rise in incomes, there remains a notable proportion of the population in low income brackets that currently can’t afford supplies of incontinence products.
This study presents a long-term outlook of the incontinence products market for the time frame 2019 to 2029. The incontinence products market is envisaged to register a volume CAGR of ~5% through 2029.
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More Valuable Insights on Global Incontinence Products Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Global Incontinence Products, Sales and Demand of Global Incontinence Products, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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