Report ID: SQMIG35B2216
Report ID:
SQMIG35B2216 |
Region:
Global |
Published Date: November, 2024
Pages:
161
|
Tables:
67 |
Figures:
68
Europe is dominating the Disposable Incontinence Products market due to affordable healthcare facilities and widespread awareness. Large number of developed European countries such as UK, Germany, and Netherlands offer free medical treatment to its citizens, or the citizens are covered under free government medical insurance. As a result, hospitalization rate among older patients and patients suffering with chronic disease is significantly high resulting in substantial demand for disposable incontinence products in Europe. Disposable incontinence products are considered as medical equipment and in Europe the government regulates the prices of medical supplies and equipment. As a result, disposable incontinence products are more affordable to the common citizen.
Demand for disposable incontinence products is growing the fastest in the Asia Pacific region. The ageing population in Asia Pacific is on the rise. Aging population in Japan and South Korea is significantly high. Population across the Asia Pacific region, which was once known for its young population, is aging rapidly. According to Asian Development Bank, aging population (above 60 years old) in Asia is expected to more than double from 630 million in 2020 to 1.3 billion by 2050. Since target customer of disposable incontinence products is predominantly older people, growth in the ageing population is expected to boost the market demand.
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Report ID: SQMIG35B2216