Report ID: SQMIG35B2216
Report ID:
SQMIG35B2216 |
Region:
Global |
Published Date: November, 2024
Pages:
161
|
Tables:
67 |
Figures:
68
Drivers
Globalization has caused a connected world where people are working round the clock. Longer working hours, sedentary lifestyle and stress are growing among the younger population. Increasing consumption of junk food, growing number of smokers and increase in alcohol consumption have resulted in prevalence of chronic disease. Chronic disease is a major contributing factor for incontinence cases just fueling the demand for disposable incontinence products.
The global population is aging exponentially. Higher life expectancy and declining birth rate are the two contributing factors behind the rising aging population. According to the World Health organization, two thirds of the global population is expected to be more than 60 years old by 2050. The percentage of population affected with incontinence conditions is expected to increase with the growing number of aging people thus augmenting the demand for disposable incontinence products.
Restraints
Global healthcare agencies such as the World Health Organization have been suggesting countries strengthen regulations related to medical equipment. Post pandemic several developed and developing economies are strengthening healthcare and MedTech regulations in their respective companies. Adhering to Government guidelines in terms of safety standards and material safety has pushed up the cost of production making disposable incontinence products less affordable.
There is a social stigma associated with incontinence conditions in many parts of the world due to lack of awareness. Some of the underling factors of incontinence besides old age such as personal hygiene, feminine hygiene, mental wellbeing are also less preferred topic of conversations in many parts of the world. This is expected to be a major restraint for the market penetration of disposable incontinence products.
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Report ID: SQMIG35B2216