The global smart diapers market size is projected to reach USD 11.4 billion by 2025, further growing at a CAGR of 6.5% from 2019 to 2025 according to a report by Million Insights. The launch of the smart wearable is encouraging this industry manufacturer to focus on producing sensor-integrated diapers that will enable caregivers to take better care of babies and adults.
The market demand is predominantly contributed by the geriatric population. Healthcare institutions, Clinics, and elder age homes with elderly people are also prominent users that are expected to drive the market over the forecast period. One of the restraints to market growth is the risk of infections such as urethra inflammation in the aging population. Top companies in the market are offering solutions to prevent infectious diseases and reduce the possibilities in the future by developing Bluetooth devices, software, and sensors.
Asia Pacific is expected to expand from 2019 to 2025 at the highest CAGR of 5.7%. New players are entering the market with new technologies such as smart diapers with integrated sensors, this is a key factor in driving the smart diapers market in the region. Nuclear families with increasing population in this region are a key factor boosting the market growth. Rising birth rates are projected to provide market growth opportunities in Asia Pacific and the Middle East region. Owing to the increasing preference for technology-led smart products which makes life easier for people with busy schedules and lifestyles, North America and Europe hold a commanding share of the global market.
Key players in this market are Alphabet's Verily, SINOPULSAR, ElderSens, Smartipants, Monit Corp., Abena Nova, Indiegogo, Simativa (Australia), Pixie Scientific and Opro9. Some of the key market players focus on delivering new smart sensors for the diapers, which are well-updated with innovations such as Alert plus. Companies like Alphabet's Verily and Pixie Scientific were the leading players, in 2018.
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Further key findings from the report suggest:
• Babies segment in the smart diapers market segmented by end user is expected to have 57.2% market share by 2025
• North America holds the largest share of the global market, in 2018. It accounted for 34.1% share and is expected to grow significantly over the forecast period.
• The industry is highly competitive due to the presence of main players including Abena Nova; Simativa; ElderSens; Alphabet’s Verily; Monit Corp.; Opro9; Sino pulsar technology Inc.; and Pixie Scientific
• Due to the increasing population and growing awareness among consumers the smart diapers market is anticipated to witness significant growth in Asia pacific region.
Million Insights has segmented the global smart diapers market based on product, packaging, distribution channel, and region:
Smart Diapers End-User Outlook (Revenue, USD Million, 2015 - 2025)
Smart Diapers Regional Outlook (Revenue, USD Million, 2015 - 2025)
• North America
• Asia Pacific
• Central & South America
• Middle East & Africa