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Smart Diapers Market size was valued at USD 823.07 million in 2023 and is set to exceed USD 7.56 billion by 2036, expanding at over 18.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of smart diapers is evaluated at USD 945.54 million.
The market is thriving on the back of rising adoption of technology with an aim to support the nuclear and working families to care for their babies, coupled with the rising geriatric population around the globe.
Growth Drivers
Increasing Population Around the World
Backed by the increasing birth rate across several developed and developing nations around the world, the global population is increasing at a massive rate. As such, the number of babies born each year is also more, thereby raising the need amongst the parents to increasingly use smart diapers, which in turn is anticipated to drive the growth of the market.
Growing Number of Internet Users Around the Globe
Developments in the IT infrastructure over they years has massively helped in the increasing adoption of the internet amongst the individuals around the globe. Unlike any other IoT connected devices, smart diapers too can be connected with applications provided by the manufacturers of smart diapers, which allow easy monitoring of the diaper and helps to prevent from its leakage. Moreover, rising trends of IoT devices and the increasing need for smart connected devices amongst the individuals are also anticipated to drive the growth of the market.
Challenges
Lack of product awareness amongst the individuals and the high price of smart diapers in comparison to conventional diapers are anticipated to impact negatively towards the growth of the market.
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
18.6% |
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Base Year Market Size (2023) |
USD 823.07 million |
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Forecast Year Market Size (2036) |
USD 7.56 billion |
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Regional Scope |
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The market is segmented by end user into adults and babies. The babies segment is anticipated to hold the largest market share on the back of increasing concern amongst the parents for their babies as the health of the baby is the most essential aspect of a parent that needs to be taken care of. As smart diapers inform the parents about the leakage of the diaper, it helps the parents to monitor their baby, which in turn helps to maintain the skin health of the baby.
Our in-depth analysis of the global market includes the following segments:
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By Product Type |
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By End User |
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By Distribution Channel |
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On the basis of regional analysis, the market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
The smart diapers market in Asia Pacific industry is poised to account for largest revenue share by 2036, backed by growing geriatric population in the region. coupled with the presence of nations with high birth rates. Additionally, increasing number of working families in the region, who lack the support of a joint family as well as lack of proper baby care services in the region are some of the factors anticipated to drive the growth of the market in Asia Pacific.
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.
Author Credits: Parul Atri
Copyright © 2024 Research Nester. All Rights Reserved
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