Incontinence And Ostomy Care Products Market Is Expected To Grow At A CAGR Of 5.2% from 2013to 2020: Grand View Research, Inc.
The global incontinence and ostomy care products market was
worth USD 11.50 billion. Rising aging population, increasing incidences of
obesity and mounting cases of unmet medical conditions of patients are few of
the factors driving the market demand.
Prevalent cases of incontinence, ulcerative colitis,
inflammatory bowel diseases, Chrohn’s disease, rising health concerns and
increasing patient awareness are some other factors leading to an increase in
the demand for incontinence and ostomy care products.
Increasing geriatric population is anticipated to drive the
overall growth of the incontinence and ostomy care products market. As per the
estimates of the World Health Organisation (WHO), global population aged over
65 years is expected to rise from 780 million in 2010 to 975 million in 2017.
Thus, growth in geriatric population is expiated to result in rise in target
population. According to another report from WHO, women are found more
susceptible to incontinence compared to men. Therefore, women are expected to
dominate the customer base of the overall market
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Care Products Market :http://www.grandviewresearch.com/industry-analysis/incontinence-and-ostomy-care-products-industry
On the other hand, rising incidents of obesity, high
acceptance & awareness among men population is expected to propel the
growth of incontinence and ostomy care products market. As a result, the global
market is expected to be valued at USD 17.2 billion by 2020.
Presently cleaners, absorbents, deodorizers, incontinence
bags, clamps and urinals are widely used as incontinence care products.
Absorbents segment dominated the global market with market share of more than
90 % in 2012 since, it is the most popular and commonly used product.
Introduction of user friendly, personalized and innovative absorbents coupled
with social acceptance of these products will drive the market growth
significantly. Therefore, absorbents segment is anticipated grow at the fastest
CAGR of 6 % during the period 2013-2020.
Ostomy care products mainly include skin barriers,
deodorants, ostomy bags, ilestomy and irrigation products and urostomy bags. In
2012, ostomy bags held the majority of the overall ostomy care products market
with a share of over 70%. Rising prevalence of diseases such as Chrohn’s
disease, inflammatory bowel disease, coupled with rising elderly population
some of the primary factors boosting the growth of the market. In addition,
availability of improved products such as user friendly and skin friendly bags
are expected to fuel the demand for ostomy bags. Colostomy bags was the leading
segment with market share of around 37% with market revenue valued worth USD
1.04 billion in 2012.
Based on the region, the global incontinence and ostomy care
market is segmented into North America, Europe, Asia Pacific and Rest of the
World. North America captured approximately 37% of the global market share in
2012. Higher disposable incomes, increased awareness regarding side effects of
obesity, higher geriatric population in North America are the major factors
resulting in dominance of the region in the global incontinence and ostomy care
products market.
However, Asia Pacific is anticipated to show fastest growth
with CAGR of 7.6 % during 2013-2020. Large geriatric population base in Japan
and China, increasing social acceptance and rising popularity of incontinence
and ostomy care products in emerging economies including India and China are
amongst few factors driving the market growth in Asia Pacific. Key competitors
in the market are Unicharm Corporation, Kimberly-Clark Corporation, Hollister
Inc., Coloplast Corporation and SCA(Svenska CellulosaAktiebolaget).
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Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the global incontinence
and ostomy care products market on the basis of product and region:
Incontinence and Ostomy Care Product Outlook
- Incontinence
care
- Absorbents
- Incontinence
bags
- Others
(clamps, cleaners, deodorizers, urinals)
- Ostomy
care
- Ostomy
bags
- Colostomy
Bags
- Ileostomy
Bags
- Urostomy
Bags
- Continent
ileostomy Bags
- Continent
Urostomy Bags
- Deodorants
- Skin
barriers
- Irrigation
products
Incontinence and Ostomy Care Regional Outlook
- North
America
- Europe
- Asia-Pacific
- RoW
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/incontinence-and-ostomy-care-products-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more Info: www.grandviewresearch.com
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