The Global Smart Diapers Market to Reach Revenues of Around $2.81 Billion by 2024- Market Research Report by Arizton
CHICAGO, Sept. 18, 2019 /PRNewswire/ — According to Arizton‘s recent research report Smart Diapers Market – Global Outlook and Forecast 2019-2024, the global smart diapers market is expected grow at a CAGR of close to 30% during the forecast period. The market is likely to witness stupendous growth from the children segment as parents are increasingly adopting healthcare IoT and other connected care devices.
Key Highlights Offered in the Report:
1. The growth of smart diapers is driven by factors such as the growing awareness of hygiene and adult incontinence. Smart diapers can help to reduce episodes of skin breakdown, pressure sores, and other health conditions, thereby underpinning the growth avenues during the forecast period
2. While approximately 92% of children were toilet trained by 18 months of age in 1957, only 65% of children were toilet trained by the age of 36 months in 2018. Therefore, parents depend more on diapers, which will aid in the market’s growth during the forecast period.
3. Smart diaper sensors can monitor breathing patterns and body temperatures; hence, any deviations will promptly alert the parents or the nursing staff, thereby helping to reduce instances of Sudden Unexpected Infant Deaths (SUID) and Sudden infant death syndrome (SIDS).
4. In 2018, the adults and elderly segment accounted for the highest share with over 70%. The children’s segment is expected add over $900 million by 2024.
5. With regards to distribution channel, the online segment dominates the sales and is expected to gain further 3% of the revenue share during the forecast period.
Key Offerings:
- Market Size & Forecast by Revenue| 2018−2024
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation – A detailed analysis by end-user, distribution channels, and geography.
- Competitive Landscape – Profile of 2 key vendors and 12 other vendors.
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Smart Diapers Market – Segmentation
- The research report includes detailed market segmentation by distribution, end-user, products, gender, and geography
- In the APAC region, the demand for disposable diapers is increasing at a rapid rate with improved birth rates and the growing hygiene awareness for infants and children.
- The online sale of smart diapers is expected to grow at a CAGR of over 29% during the forecast period.
Market Segmentation by End-user
- Children
- Adults and Elderly
Market Segmentation by Distribution Channels
- Retail
- Online
Market Segmentation by Geography
- APAC
- Europe
- Latin America
- MEA
- North America
Smart Diapers Market– Dynamics
A rise in the number of newborns brings a positive news to smart diapers vendors as the sale potential is increasing significantly. China has become a major destination for vendors to sell baby care products. According to the China’s National Health and Family Planning Commission, the country is expected to witness 17–20 million births annually till 2020. Hence, the increasing consumption of baby care products is expected to present growth opportunities for smart diapers in the country.
Key Drivers and Trends Fueling Market Growth:
- Advancements in Healthcare Declining Infant Mortality
- High Demand from the Adult Incontinence Care Market
- Improvements in Material and Sensor Designs
Smart Diapers Market –Geography
Europe and North America dominate the global diapers market. Despite low contribution to the world population and declining fertility rates, Europe and North America continue to dominate the global smart diapers market. However, the diapers market is witnessing significant growth in developing economies such as APAC and MEA. The APAC region is expected to grow at the highest CAGR of over 30% during the forecast period.
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Market Segmentation by Geography
- North America
- US
- Canada
- Europe
- France
- Germany
- UK
- Italy
- Nordic
- APAC
- China
- Japan
- South Korea
- Latin America
- Brazil
- Mexico
- MEA
- UAE
- Saudi Arabia
Major Vendors
- Kimberly-Clark
- P&G
Other vendors include Smardii, Opro9, Abena, Sinopulsar, Monit, Simavita, Fit Assist Medical, DigiSense, ElderSense, Hunan Cosom, Pixie Scientific
Explore our smart tech profiles to know more about the industry.
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About Arizton:
Arizton – Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
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SOURCE Arizton Advisory & Intelligence
