Smart Connected Diapers Market was valued at more than USD 780 million in 2020 and is expected to grow at a CAGR of around 14% from 2022-2028
According to a new report published by UnivDatos Markets Insights, the Smart Connected Diapers Market was valued at more than USD 780 million in 2020 and is expected to grow at a CAGR of around 14% from 2022-2028. The analysis has been segmented into By Product Type (Disposable and Non-Disposable); By End User (Babies and Adults) and By Distribution Channel (Online and Offline); Region/Country.
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The smart connected diapers market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the smart connected diapers market. The smart connected diapers market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the smart connected diapers market at the global and regional levels.
Market Overview
Smart connected diapers are sensor-based diapers that work on bluetooth technology that texts parents about their baby’s bowel movements. To make them aware of the need for changing a diaper. The sensor has an RFID (radio frequency identification) tag which is placed below a layer of super absorbent polymer, a type of hydrogel that is typically used in diapers to soak up moisture. The researchers have estimated the sensor costs less than 2 cents to manufacture, making it a low-cost, disposable alternative to other smart diaper technology. For instance, on January 2020, Procter & Gamble (P&G) announced that it has showcased the product Lumi by PampersÔ at the Consumer Electronics Show 2020. The product set is an all-in-one care system for babies and helps parents to see and know the activities of their babies. Smart connected diapers are used not just for babies, but for aging populations, or patients who are bedridden and unable to take care of themselves, particularly in a multi-bed hospital. For instance, according to the United Nations population division, the total population in 2020 was 7,794,799 thousand. Also, 9.3% of the population was aged 65+ in the same year and is projected to reach 22.6% by 2100.
Some of the major players operating in the market include Procter & Gamble, Anavah Health, Smardii Inc., Abena Group, CviCloud Corporation, MONIT, KCWW, Ontex BV, Smartz AG, Ontex BV, Alphabet Inc.
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COVID-19 Impact
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted the healthcare industry and has transformed the way healthcare is delivered. The smart connected diapers market has been significantly affected during these times owing to the delay in supply chain and market disruption during the pandemic.
The global smart connected diapers market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on end user, the market is categorized into babies and adults. Among these, , the adult category grows with a significant CAGR during the forecast period. This is mainly due to the increasing geriatric population. Adult care is an increasingly important personal hygiene. Taking care of the continence needs of older adults is becoming much more important. According to the World Health Organization, on 1 October 2022, 1 in 6 people in the world will be aged 60 years or over by 2030. The share of the population aged 60 years and over will increase from 1 billion in 2020 to 1.4 billion.
· On the basis of distribution channels, the smart connected diapers market has been classified into online and offline. The offline category held a significant share of the market in 2020. Offline stores facilitate variety of options in baby care products promoting both branded and private-labelled segments. Moreover, these kind of store initiates several key promotional and marketing events such as customer loyalty programs, discounts, seasonal offers, and others.
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Smart Connected Diapers Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
· Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
· Rest of the World
North America held a significant share of the global smart connected diapers market. The prevalence of nuclear families in the region and demand for advanced medical technologies are anticipated to drive the growth of the smart connected diapers market in North America. The growing parents’ concern for children with the availability of advanced technology items in this region helps in the wide adoption of these diapers for purposes other than medical and the rise in GDP signifies the increased standard of living. For instance, as per the World Bank, GDP per capita worldwide increased from US$ 10,249 in 2015 to US$11,433 in 2019. Also, in 2021, Luxembourg has the fastest-growing economy with 5.86% and is the top country in GDP per capita (US$125,923) amongst the 10 richest economies. Consequently, consumers in developed and developing countries where per capita income is witnessing a rise are spending more on adult incontinence products. Also, a rise in awareness coupled with the availability of advanced smart connected diapers is gaining traction among consumers with high per capita incomes.
The major players targeting the market include
· Procter & Gamble
· Anavah Health
· Smardii Inc.
· Abena Group
· CviCloud Corporation
· MONIT
· KCWW
· Smartz AG
· Ontex BV
· Alphabet Inc.
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Smart connected diapers market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
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Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the smart connected diapers market?
• Which factors are influencing the smart connected diapers market over the forecast period?
• What are the global challenges, threats, and risks in the smart connected diapers market?
• Which factors are propelling and restraining the smart connected diapers market?
• What are the demanding global regions of the smart connected diapers market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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