Market Overview
Smart diapers are hygiene products whichsend out alerts to caregivers when the diaper is wet. It can be used in
monitoring medical conditions in older adults. Prevalence of urinary tract
incontinence (UI), overactive bladder, and other infectious diseases are
expected to support its demand. The global smart diapers market report by
Market Research Future (MRFR) takes a closer look at the industry and provides
valuable insights on the happenings and future trends for the period. The
COVID-19 pandemic and its effect on production has been written and discussed
extensively.
Market Scope
The global smart diapers market is expectedto register a CAGR of 19.3% over the forecast period to reach USD 1,544 Million
by 2030
The large geriatric patient pool and theirsusceptibility to chronic diseases can drive the need for smart diapers during
the forecast period. Emergence of home care amid the soaring costs of
healthcare can influence the market significantly. High prevalence of UI and
overactive bladder in patients above the age of 65 can fuel the procurement of
smart diapers. Assisted living facilities and retirement communities can
monitor their patients and provide efficient care.
The COVID-19 pandemic is expected to be awindfall for the global smart diapers market. Smart diapers will be bought in
huge droves by new parents and caregivers of the elderly. The use of mobile
platforms for monitoring the diapers can create new strides in baby care.
According to the Massachusetts Institute of Technology (MIT), researchers have
developed a new disposable smart diaper embedded with a RFID tag which can send
notifications or alerts to caregivers.
But the affordability of smart diapers canrestrain market growth.
Competitive Intelligence
Procter & Gamble Company, PixieScientific, LLC, Kimberly-Clark Corporation, and Abena A/S are key players of
the global smart diapers0020market.
Segmentation
By end-user, it is divided into baby andadult. The adult segment accounted for maximum share of the global smart
diapers product market. It can register 20.17% CAGR over the forecast period
owing to their need in retirement homes, assisted living facilities, and
nursing homes.
On the basis of the distribution channels,the global smartdiapers market size has been divided into store-based and non-store-based.The store-based segment is expected to dominate the global market and attain a
value of USD 21,306.0 thousand by the end of 2025. On the flip side, the
non-store-based segment is projected to register the highest CAGR of 21.68%
over the assessment period. Non-store-based distribution channels include
e-commerce platforms wherein vendors can showcase their products. This allows
them to maintain a strong relationship with the customer.
Regional Analysis
North America is expected to constitute adominant share of the smartdiapers for adults market during the forecast period. The region accountedfor 50.3% share of the market in 2018. The US is one of the biggest
contributors to the growth of the North American smart diapers industry overview.
The market in the region is projected to register a significant CAGR of 20.04%
during the forecast period. The presence of major manufacturers such as
Kimberly-Clark Corporation and Procter & Gamble Company and the growing
adoption of smart diapers for adults can propel the regional market growth
during the foreseeable future. Moreover, the companies are launching new products
to stay ahead in the competitive market. For instance, in July 2019, Procter
& Gamble Company (P&G) in collaboration with Google developed and
launched a smart diaper under the brand name “Lumi”.
NOTE: Our Team of Researchers areStudying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
Contact us:
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