The incontinence skincare products market In one of its recent reports, FMI has forecast the market to expand at a CAGR of 5.36% between 2022and 2030. The rising prevalence of urinary incontinence is resulting in higher demand for associated skin care products.
In North America, the market for incontinence skin care products is dominated by the United States, by over 80%. The expansion of the market in the area has been aided by shifting consumer perceptions and the existence of a favourable population. Significant potential for investment and product development are also available in the United States.
However, the region is currently experiencing more intense rivalry due to great growth prospects. Overall, this may have a favourable impact on product innovations, but the continued presence of intense competition may present difficulties in the future.
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Some of the key takeaways from the report are:
- Growth is being fueled by inclusive social media marketing and the expansion of ecommerce platforms. Players in the market are increasing their portfolios in addition to using their brand equity to achieve a competitive edge.
- The demand for gels and oils will continue to be strong, solidifying their position as the top product category.
- Unprecedented COVID-19 outbreak will boost sales because people are more likely to stock up on necessary medical supplies when they have to spend a lot of time alone. “Some of the top companies in the global market for incontinence skincare products are likely to tailor their product lineups to meet consumer needs.
- This also explains why the cream area of the product market has experienced the highest growth rate overall.
- Their emphasis on raising awareness will become more important, especially as other market participants work to solidify their position. the most
COVID-19 Outbreak to