Rising Geriatric Population Is Expected To Boost The Growth Of The Global Smart Diapers Market During The Forecast Period

Smart Diapers Market - Global Industry Analysis and Forecast 2020 to 2027

Global Smart Diapers Market: Key Highlights

  • The Global Smart Diapers Market is estimated to reach USD 2253.37 Million by 2027 at a CAGR of 13% during the review period
  • The global smart diapers market is segmented by into distribution channel and end-user.
  • Based on basis of type, the market is bifurcated into online and retail. The online channel is projected to get the largest share. The emergence of various start-ups lead to provides incontinence solutions which likely to rise the market share online.
  • On the bases of region, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa
  • North America accounted for the major market share with the large amount of nuclear families as well as adoption new technology majorly in the health sector.
  • Top players that account for the major share include Alphabet’s Verily, ElderSens, Indiegogo, Inc., Monit Corp., Opro9, Pixie Scientific, LLC, Procter & Gamble Co, Simavita, SINOPULSAR, Smartipants, and among others.

Smart Diapers MarketGlobal Smart Diapers Market: Key Market Dynamics

  • There has been rising geriatric population is play a significant role for the smart diapers market. The old age homes as well as the clinics having elderly people are projected to fuel the market over the forecast period.
  • The adoption of improved fabric material and sensor designs is also lead to enhance the demand of the smart diapers market growth.  
  • Further, higher adoption of smart diapers in healthcare institutions is create a significant opportunities for the market.
  • However, huge initial price smart diapers are hindering the growth of the market.

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Global Smart Diapers Market: Regional Overview

North America:

  • North America region is further divided in to the US, Canada and Mexico. Globally, North America accounted for the major market share.
  • North America accounted for the major market share with the large amount of nuclear families as well as adoption new technology majorly in the health sector.
  • The presence of leading manufacturers which includes Kimberly-Clark Corporation and Procter & Gamble as well as the rising of smart diapers in the adult segment is anticipate to boost the growth of the market in the forecast period.
  • According to the Clean Air Council, in the US people throw more than 40 million diapers per day as well as making it a third-largest source of household garbage.

Asia-Pacific

  • Asia Pacific region is segmented into five major countries including China, Japan, India, Australia, and South Korea.
  • Asia Pacific is projected grow at the fastest growth rate with the growing population as well as the nuclear families in the region is lead to fuel the market growth in the region.
  • As per the World Health Organization (WHO) data, more than 15 percent of the population of Asia will be more than 65 years old by 2025. Hence, these will be a growing of 11% from the 2010 levels.
  • For example, in 2019 more than half of the world population belongs to Asia, and it is projected to hold the highest urban population by 2050.

Global Smart Diapers Market: Key Players

Some of the key players operating in the market include Alphabet’s Verily, ElderSens, Indiegogo, Inc., Monit Corp., Opro9, Pixie Scientific, LLC, Procter & Gamble Co, Simavita, SINOPULSAR, Smartipants, and among others.

Global Smart Diapers Market: Key Developments

  • On July 2019 - Verily is partnered with procter & gamble (P&G) to sell Smart Diapers, which will helps to enable monitoring of the sleeping patterns of any baby as well as to track their pee.
  • On March 2019, Domtar Corporation has introduced the new absorbent product line in the Attends family, which includes briefs, underpads, as well as underwear, for the North American healthcare market, through both online and in-store channels.
  • On March 2019, the Procter & Gamble Company has introduced the Pampers Cruisers 360 Fit diaper that features a stretch waistband, designed for toddlers and active babies.

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Rep Id : CR 022

Published : 2020-10-12