Market Dynamics:
Rising number of old-age population along increasing prevalence of obesity is expected to hamper growth of the global incontinence skincare products market over the forecast period. Geriatric populations and people suffering from diabetes suffer from urine incontinence, and increasing number of these patients is driving the demand for the skincare products. For instance, as per the World Population Prospects 2019 of United Nations, the rate of people aged 65 and over is likely to increase from 1 in 11 people in 2019 to 1 in 6 people in 2050.
However, social stigma around urinary incontinence and its skincare products for treating infections as well as high number of undiagnosed cases and ignorance towards incontinence disorder is likely to hamper growth of the global incontinence skincare products market over the forecast period.
Impact of COVID-19:
The epidemic of COVID-19 adversely affected various industries across the globe. Many countries implemented stringent lockdown regulations to control the virus spread. During this period, non-emergency treatments and medical procedures were suspended as hospitals were overburden with COVID-19 cases. Many market stores were also shut down during the lockdown period. The demand for incontinence skincare products declined, which further adversely impacted the market growth.
☛Usefully Reference…⋙ https://www.coherentmarketinsights.com/market-insight/incontinence-skin-care-products-market-1363
Key Takeaways:
- The global incontinence skincare products market is estimated to grow, with a CAGR of % over the forecast period due to increasing cases of urologic disorders such as urinary incontinence, urinary retention, kidney stones, cystitis and more. For instance, in June 2021, a research published in the Journal of Urology stated that the prevalence of urinary incontinence during 2005 to 2016 was 53%; where 16% of women were suffering from mixed urinary incontinence, 26% suffered from stress only and 10% suffered from only urgency.
- North America among regions is expected to witness high growth in the global incontinence skincare products market over the forecast period. This growth is attributed to rapidly growing geriatric population, risks related to bacterial growth and infection from incontinence leading to surged sales of incontinence skincare products across the region.
- Key players operating in the global incontinence skincare products market are Coloplast, Abena Group, Medline Industries Inc., Svenska Cellulosa AB, Emilia Personal Careand, Attends Ltd., Coloplast A/S, and ConvaTec Group Plc.
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