CHICAGO, Sept. 20, 2023 /PRNewswire/ -- The Incontinence Care Products (ICP) market has experienced significant growth in recent years, driven by an aging population, increased awareness about urinary and fecal incontinence issues, and advancements in product innovation. This market encompasses a wide range of products, including adult diapers, disposable underpads, urinary catheters, and skin care solutions. As healthcare systems strive to improve patient comfort and reduce the risk of infections, the demand for high-quality ICPs continues to rise. Additionally, sustainability concerns have led to the development of eco-friendly and biodegradable options within this market. With the ICP market poised for continued expansion, manufacturers are focusing on enhancing product performance, comfort, and environmental sustainability to meet the evolving needs of both healthcare institutions and individuals seeking effective incontinence care solutions.
Incontinence Care Products (ICP) Market in terms of revenue was estimated to be worth $12.6 billion in 2023 and is poised to reach $16.5 billion by 2028, growing at a CAGR of 5.6% from 2023 to 2028 according to a new report by MarketsandMarkets™. Growth in the incontinence care products market is mainly driven by the increasing geriatric population and subsequent rise in the prevalence of chronic medical conditions, significant prevalence of incontinence, growing attention to personal hygiene. Rapid urbanization and rising disposable income also contribute to the growth of the market. In addition, emerging markets such as India and China are expected to offer growth opportunities for players operating in the incontinence care products market during the forecast period. However, disparities in the reimbursement for incontinence care products is restricting the growth of this market.
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Incontinence Care Products (ICP) Market Scope:
Report Coverage | Details |
Market Revenue in 2023 | $12.6 billion |
Estimated Value by 2028 | $16.5 billion |
Growth Rate | Poised to grow at a CAGR of 5.6% |
Market Size Available for | 2021–2028 |
Forecast Period | 2023–2028 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Product Type, Gender, Usage, Distribution Channel, and End user |
Geographies Covered | North America, Europe, Asia Pacific, and Rest of the World |
Report Highlights | Updated financial information / product portfolio of players |
Key Market Opportunities | Rising adoption of smart diapers |
Key Market Drivers | Increasing geriatric population with chronic medical conditions |
In 2022, the absorbable segment held the largest share of the incontinence care products market, by product type segment
Based on product type, the global incontinence care products market is categorized into absorbents and non-absorbents. Absorbents provide better comfort to incontinence patients by preventing the leakage of urine, making it a preferred option, hence accounting for large share. These products are also easy to use as compared to non-absorbents.
In 2022, the e-commerce segment held the largest share of the incontinence care products market, by distribution channel segment
By distribution channel, the incontinence care products market has been segmented into e-commerce, retailer pharmacies, and hospital pharmacies. The large share of this segment can be attributed to factors such as increasing digitalization, advancements in technology, and rising internet accessibility. Besides, the products sold on e-commerce platforms are comparatively more affordable than the products sold offline, since the costs associated with warehouse storage and maintenance is not involved.
Europe dominates the global incontinence care products market
Based on the region, the incontinence care products market is segmented into North America, Europe, Asia Pacific, and Rest of the world. In 2022, Europe accounted for the largest incontinence care products market share. The large share of Europe in this market can be attributed to the increasing prevalence of incontinence and chronic conditions and rising healthcare spending. In addition, various key players have their headquarters or major sales networks situated in European countries, making it a mature and developed market.
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Incontinence Care Products (ICP) Market Dynamics:
Drivers:
- Increasing geriatric population with chronic medical conditions
- Significant prevalence of incontinence
- Growing attention to personal hygiene
- Rapid urbanization and rising disposable income
Restraints:
- Social stigma associated with incontinence care products
- Environmental concerns related to disposal of incontinence products
Opportunities:
- Development of bio-based superabsorbent polymers
- Rising adoption of smart diapers
Challenge:
- Underreporting of fecal incontinence
- Disparities in reimbursement for incontinence care products
Key Market Players:
The major players operating in this market are Essity Aktiebolag (publ) (Sweden), Kimberly-Clark Corporation (US), The Procter & Gamble Company (US), HARTMANN (Germany), Ontex BV (Belgium), Unicharm Corporation (Japan), Coloplast A/S (Denmark), Cardinal Health, Inc. (US), Medline Industries, LP (US), McKesson Corporation (US), ABENA (Denmark), Attindas Hygiene Partners Group (US), Hollister Incorporated (US), Dynarex Corporation (US), ConvaTec Group Plc (UK), Becton, Dickinson, and Company (US), Wellspect Healthcare (Sweden), Stryker (US), First Quality Enterprises, Inc. (US), Principle Business Enterprises, Inc. (US), TZMO SA (Poland), Primare International Ltd. (Canada), Drylock Technologies (Belgium), NorthShore Care Supply (US), and Nobel Hygiene (India).
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Incontinence Care Products (ICP) Market Advantages:
- Improved Quality of Life: ICPs provide individuals with urinary or fecal incontinence issues the opportunity to maintain their dignity, independence, and overall quality of life. These products enable them to engage in daily activities without the fear of embarrassment or discomfort.
- Diverse Product Range: The market offers a wide range of products tailored to various needs, including adult diapers, absorbent pads, catheters, skin protectants, and more. This diversity ensures that individuals can find solutions that suit their specific requirements.
- Advanced Technology: Ongoing research and development have led to the creation of technologically advanced ICPs with features like moisture-wicking materials, odor control, and improved absorbency, enhancing user comfort and convenience.
- Increased Awareness: The growing awareness of incontinence-related issues has reduced the stigma associated with these conditions, encouraging more people to seek appropriate products and treatment, thus driving market growth.
- Healthcare Cost Reduction: ICPs can help prevent skin irritation, urinary tract infections, and other complications associated with incontinence, potentially reducing healthcare costs by minimizing the need for hospitalization or extensive medical treatments.
- Environmental Sustainability: Manufacturers are increasingly focusing on eco-friendly ICPs, reducing their environmental footprint by using biodegradable materials and sustainable manufacturing practices.
- Support for Aging Population: With an aging global population, the demand for ICPs is expected to rise, creating opportunities for market expansion and innovation in products and services.
- Customization and Accessibility: The ICP market offers customizable solutions to cater to individual needs, ensuring that individuals of all ages and mobility levels can access appropriate products.
- Empowerment and Confidence: ICPs empower individuals to lead active lives and regain confidence, promoting mental and emotional well-being.
- Economic Opportunities: The growing ICP market generates economic opportunities, including jobs in manufacturing, research and development, healthcare services, and distribution, contributing to local and global economies.
Overall, the Incontinence Care Products market plays a crucial role in enhancing the well-being and independence of individuals dealing with incontinence issues while offering a range of benefits to society and the economy.
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