May 10, 2021
According to the business intelligence 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, global adult incontinence market was valued at USD 3590.01 million in 2020 and is projected to grow substantially through 2026.
Increasing geriatric population, growing healthcare awareness, improved hygiene standards, and strict regulations are key factors propelling global adult incontinence market expansion. Moreover, growing acceptance of adult incontinence products will also facilitate the industry growth.
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In light of the Covid-19 pandemic, changes have been made in research & development methods to increase production efficiency and capacity of adult incontinence products. Technological developments and innovations have enhanced the performance and absorption capacity of products, while making them thinner. These aforementioned factors will further proliferate the global adult incontinence market outlook.
The research document analyses the market sphere thoroughly by fragmenting it based on region, end-user spectrum, product landscape, and distribution channel. Predictions for growth rate and industry share of each segment are included in the report.
Based on distribution channel, worldwide adult incontinence industry is bifurcated into supermarkets, pharmacy & drug stores, and online stores. Speaking of end-user spectrum, the market space is segregated into male, and female. Moving on to product range, worldwide adult incontinence industry is divided into diapers, pads & liners, guards & shields, wipes, skin care products, disposal bags & pails, and mattress protectors.
From the regional frame of reference, Asia Pacific held majority of the global adult incontinence market share in the past years. Meanwhile, Canada is also set to influence industry dynamics greatly between 2021-2026.
Key players shaping global adult incontinence market trends are Kimberly-Clark Corporation, Nobel Hygiene Pvt. Ltd., Procter & Gamble Company, Ontex Group NV, McKesson Corporation, 3M Company, TENA, Domtar Corporation, Byram Healthcare, and Attends Healthcare Products.
These companies are undertaking strategic tactics like mergers & acquisitions, investments, partnerships, alliances, and product launches to maximize profits and strengthen their foothold in the business sphere.