The Smart Diapers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Smart Diapers Global Market Report 2024, The smart diapers market size has grown strongly in recent years. It will grow from $9.05 billion in 2023 to $9.6 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to rising awareness of infant health, convenience and time-saving, integration of IoT in parenting, early detection of health issues, urbanization and busy lifestyles.
The smart diapers market size is expected to see strong growth in the next few years. It will grow to $12.58 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to technological enhancements in sensor technology, growing emphasis on baby comfort, increased affordability and accessibility, integration with parenting apps, environmental sustainability. Major trends in the forecast period include integration of smart diapers with mobile apps, innovation in diaper design and comfort, implementation of machine learning algorithms, focus on diaper rash prevention, collaborations with healthcare providers.
The increase in birth rates are expected to propel the growth of the smart diapers market going forward. The birth rate is defined as the number of live births per thousand people in a given year. Smart diapers help to identify certain health problems such as constipation, skin rashes, other allergies, and incontinence in children. According to Macotrends, a premier research platform, the United States’ current birth rate in 2021 is 12.001 births per 1000 people, up 0.09% from 2020. Therefore, the high birth rates are driving the growth of the smart diapers market.
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The smart diapers market covered in this report is segmented –
1) By Product Type: Babies, Adults
2) By Application: Universal Care, Community Care, Clinical Care
3) By Distribution Channel: Online, Retail
Major companies operating in the smart diapers market are adopting a strategic partnership approach to strengthen their position in the market and drive innovation. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in March 2021, Ontex, a Belgium-based personal care product company, partnered with Woosh., a Belgium-based startup company. With this partnership, they aim to enable the recycling of used disposable diapers. This partnership reflects Ontex’s commitment to leveraging smart diaper technology to address the evolving needs of the healthcare sector and improve the overall quality of care for individuals with incontinence.
The smart diapers market report table of contents includes:
- Executive Summary
- Smart Diapers Market Characteristics
- Smart Diapers Market Trends And Strategies
- Smart Diapers Market – Macro Economic Scenario
- Global Smart Diapers Market Size and Growth
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- Global Smart Diapers Market Competitive Benchmarking
- Global Smart Diapers Market Competitive Dashboard
- Key Mergers And Acquisitions In Smart Diapers Market
- Smart Diapers Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Johnson & Johnson Services Inc.
- The Procter & Gamble Company
- Unicharm Corporation
- First Quality Enterprises Inc.
- Svenska Cellulosa Aktiebolaget
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