Smart Diapers Market To Hit Value $11.4 Billion By 2025 |Grand View Research, Inc.
The global smart
diapers market size is expected
to reach USD 11.4 billion by 2025,
expanding at a CAGR of 6.5% from
2019 to 2025, according to a report by Grand View Research, Inc. Introduction
of smart wearables is driving manufacturers of this industry to focus on developing
diapers integrated with sensors, which will enable the caregivers to take
effective care of the babies and old people.
Geriatric population also contributes
significantly to the market demand. Old age homes, healthcare institutions, and
clinics having elderly people are also prominent customers expected to drive
the market over the forecast period. Possibility of infections such as
inflammation of urethra in the aging population is one of the constraints to
the market growth. In order to protect and reduce the possibilities of
infectious diseases, companies are providing solutions by introducing apps,
sensors, and Bluetooth devices.
Asia Pacific is expected to expand at
the fastest CAGR of 5.7% from 2019 to 2025. Most of the new entrants are coming
up with new technologies applicable in sensors, thereby driving the market in
the region. Increasing population and nuclear families in this region are the
major factors boosting the regional market growth. Taiwan, Korea, and Australia
are considered to be the emerging markets for this product. High birth rates in
Asia Pacific and the Middle East countries are expected to provide growth
opportunities for the market.
North America and Europe hold a
dominant share in the global market owing to increasing preference for
technology driven products that make life easier for consumers having busy
schedule and lifestyle.
Key players operating in the global market
include Alphabet’s Verily, ElderSens, Pixie Scientific, SINOPULSAR, Monit
Corp., Opro9, Simativa (Australia), Abena Nova, Indiegogo, and Smartipants. Some of the key players in the market are
focusing on supplying the diapers with smart new sensors, which are well
updated with technologies, such as Alert plus. Companies such as Alphabet’s
Verily and Pixie Scientific are considered to be the prominent companies in the
market.
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Due to the introduction of smart wearable
technology, companies are focusing on developing diapers integrated with
sensors, which will enable the caregiver to take effective care of the babies
and old people. Smart diapers are equipped with sensors connected to mobile
applications that send out alerts as they detect any leak. Besides taking
proper care, these products also help in maintaining hygiene, thereby
preventing any type of skin infection.
Further key findings from the study suggest:
·
Based on the end user, the
babies segment is expected to account for a share of 57.2% by 2025
·
North America dominated the
market and accounted for 34.1% share of the overall revenue in 2018. This trend
is projected to continue over the next few years
·
The smart diapers market in
Asia Pacific is anticipated to witness significant growth due to increasing
awareness among consumers and growing population in India, South Korea, and
China
·
The industry is highly competitive
due to the presence of main players including Abena Nova; Simativa; Sino pulsar
technology Inc.; Alphabet’s Verily; Pixie Scientific; Monit Corp.; Opro9; and
ElderSens
·
Various manufacturers are
focusing on new product launches and technological innovation to estimate
existing and future demand patterns according to the needs of babies and
adults, who can’t help themselves to change the diapers when required.
Smart diapers also allow the
caregivers to track baby’s health, which is expected to drive the demand among
consumers. Moreover, countries with the largest geriatric population, such as
Japan where 27% of the population is over 65 years and Italy with 23%, are
expected to provide lucrative growth opportunities for the market. High birth
rates in Asia Pacific and the Middle East countries are expected to open up new
avenues for the market. Emerging economies such as China and Brazil are
anticipated to dominate the market in the coming years on account of rising
disposable income and population.
Moreover, growing number of internet
users is supporting the e-commerce industry growth, thereby making it an
effective distribution channel for all consumer goods. This, in turn, is
expected to provide the global market with visible traction to the large consumer
base.
Babies
accounted for the largest market share of more than 55.0% in 2018. Baby’s
health is the most essential aspect that needs to be taken care of. Therefore,
smart diapers with upcoming technologies such as Alert Plus are used by various
companies. Smart Pee is one of sensors with special algorithm that are used in
baby’s diapers for the prior awareness, which monitors real-time temperature
and humidity.Statistics could be built with the help of these diaper’s
technology in applications, which track diaper usage rate and bowel activity
and send alerts if diaper change is needed.
Furthermore,
old age homes, healthcare institutions, and clinics are also prominent
customers expected to drive the market over the forecast period. Alert with
application in smartphones is one of the emerging trends in market. P&G
(U.S) is focusing on technological advancements in diapers manufactured with an
improvement of zero leakage and ultimate comfort. However, these smart diapers
have some restraints for adults such as prolonged dehydration, urinary tract
infection, and developing kidney problems.
Browse
Press Release of this report:
Grand View Research has segmented the
global smart diapers market on the basis of end user:
Smart Diapers End User Outlook (Revenue, USD Billion,
2015 - 2025)
·
Babies
·
Adults
Key players operating in the global
market include Alphabet’s Verily, ElderSens, Pixie Scientific, SINOPULSAR,
Monit Corp., Opro9, Simativa (Australia), Abena Nova, Indiegogo, and
Smartipants. These companies are finding solutions with innovative technologies
in order to avoid problems. Sensors attached to diapers are of low cost that
apply technologies such as Alert Plus Technology, with the help of which
information of excretion could be accessed through phones, tablets, and
computers.
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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