The latest market report published by Credence Research, Inc. “Global Underpads Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. The global Underpads market is anticipated to grow at a substantial CAGR of 5.30% in the upcoming years. The global Underpads industry was estimated to be worth USD 0.14 billion in 2022 and was expected to be worth USD 0.20 billion by 2028.
Underpads Market Drivers are multiple and diverse, reflecting the wide range of customers and applications that this product serves. One key factor is the increasing demand for incontinence products among aging populations worldwide, who seek comfort, hygiene, and protection against leaks and odors. Another driver is the growing adoption of underpads by hospitals, nursing homes, and other healthcare facilities to prevent bedsores and infections in patients with limited mobility or high-risk conditions. Moreover, the rise of e-commerce platforms has facilitated access to underpads for consumers as well as distributors, enabling price comparison, customization options, and fast delivery.
Performance of Major Segments:
Underpads are extensively used in healthcare settings, such as hospitals, nursing homes, and at-home care, for personal hygiene and care. They are commonly employed for incontinence management, especially in geriatric and adult individuals.
Hospitals utilize underpads to maintain patient hygiene during medical procedures, bedridden care, and post-surgery recovery.
In the adult care context, underpads are crucial for managing incontinence issues in geriatric or adult individuals, providing comfort and hygiene.
Regional Dominance:
In 2022, North America held the dominant market share in the global Underpads market, making it the second-largest market worldwide. The region’s increasing elderly population and rising prevalence of incontinence-related diseases drive the demand for underpads. The United States contributes significantly to the revenue in the region, with factors such as technological advancements and an aging population contributing to market growth.
Key Countries:
Germany has a strong market for underpads, with hospitals, nursing homes, and rehabilitation centers routinely utilizing them. Emphasis is placed on providing patients with high-quality underpads that offer superior absorption and leakage protection.
In India, underpads have a wide range of applications, used in healthcare, households, and other care settings. Underpads are commonly employed for incontinence management in patients of all ages, including the elderly, children, and adults.
Impact of the Economy:
The ongoing conflict between Russia and Ukraine has had geopolitical and economic implications, affecting some regions’ investments and global economic growth. The healthcare sector, including the underpads market, has experienced disruptions due to the uncertainty created by the conflict.
Competitive Environment:
The global Underpads market comprises global, regional, and local vendors offering a wide range of similar products. Key players dominate the market, but regional and local vendors compete fiercely by offering comparable underpads at competitive prices. Companies such as Coloplast, Medline, BD, Cardinal Health, and Teleflex are major players in the market, focusing on innovation, research, and diverse product portfolios.
Key Trends:
Rising awareness of personal care and hygiene among millennials and the increasing prevalence of chronic diseases are driving the demand for underpads. The market is witnessing a growing focus on feminine hygiene and wellness services, leading to increased demand for underpads.
Major Driving Factors:
The growing elderly population, rising health concerns, and increasing prevalence of incontinence-related diseases are key driving factors for the Underpads market. Underpads offer a solution for managing incontinence, enhancing hygiene, and providing comfort to individuals in need.
Why to Buy This Report-
- The report provides a qualitative as well as quantitative analysis of the global Underpads Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
- The report includes information on the competitive landscape, such as how the market’s top competitors operate at the global, regional, and country levels.
- In-depth analysis of the global market segmentation on the Age group and Product Type
- Major nations in each region with their import/export statistics
- The global Underpads Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
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