Hemostats Industry Outlook

Comments · 277 Views

Market Size, Share, Scope, Trends, Demand, Industry Analysis, Statistics, Industry Growth, Industry Report, Forecast, Insights, Outlook

The global incontinence care products market is expected to reach $16.5 billion by 2028, exhibiting a CAGR of 5.6% over the next five years, according to a new report from MarketsandMarkets. Key factors driving this growth include the aging population and rising prevalence of chronic conditions leading to incontinence. However, the social stigma surrounding incontinence products could restrain market expansion to some degree.

Currently valued at around $12.6 billion, the incontinence care products industry serves a vital need for the growing senior demographic affected by urinary and other forms of incontinence. Absorbent products like adult diapers and pads accounted for over two-thirds of the overall market in 2022, owing to their ease of use and effectiveness. Among gender segments, female incontinence represents the leading share due to higher incidence rates.

Europe held the greatest portion of market share globally last year, enabled by the strong presence of major international brands such as Essity Aktiebolag and Hartmann Group. Looking ahead, rising adoption of smart diaper technology using superabsorbent polymers promises new opportunities. Disposable products should also continue to dominate over reusable options thanks to superior convenience and hygiene.

While government healthcare programs provide some reimbursement for incontinence supplies in countries like the United States, coverage remains uneven and poses a key challenge. Manufacturers must tailor their strategies to accommodate different regulatory systems across global markets. Strong trends like e-commerce and home healthcare can further help improve access and availability for patients requiring incontinence care.

Strategic moves by leading companies are expanding production capacity and market access worldwide. Recent highlights include Cardinal Health opening a new distribution center to serve Canada’s needs and Medline partnering to become the primary supplier for hospice providers across Florida. Despite the difficulties still posed by societal attitudes, constructive collaboration and innovation point the way forward for the incontinence care industry. Meeting the needs of the elderly and infirm with dignity remains paramount.

Comments