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Smart Diapers Market Global Overview 2024: Technology, Growth, and Forecast
Smart Diapers Market Trends
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According to The Business Research Company's, 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.
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Market Drivers and Trends:
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.
Major companies operating in the smart diapers market are focusing on developing innovative services, such as Orizon, to meet the increasing demand and drive market growth. Orizon is a smart incontinence service designed to enhance continence care efficiency and dignity for residents in care homes and hospitals. For instance, in June 2021, Ontex., a Belgium-based personal care product company, launched a smart diaper service called Orizon that enhances continence care efficiency and dignity for patients in care homes and hospitals. The smart diaper solution comprises a top-quality diaper with a printed sensor, a transmitter clipped onto the diaper, and an application for mobile devices. Moreover, this combination accurately determines the saturation level of the diaper and alerts caregivers when it is time to change the diaper, reducing the time spent on continence care and freeing up time for other essential care tasks.
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Major Key Players of the Market:
Johnson & Johnson Services Inc., The Procter & Gamble Company, Unicharm Corporation, First Quality Enterprises Inc., Svenska Cellulosa Aktiebolaget, MONIT Corp, Verily Life Sciences LLC, Abena Holding A/S, DigiSense Technologies Inc., Attends Healthcare Products Inc., Smartipants Inc., Indiegogo Inc., Bummis Inc., Simavita Limited, Sensassure, ElderSens, Aden & Anais Inc., Pixie Scientific LLC, Opro9, Hunan Cosom Care Products Co Ltd., Sinopulsar Technology Inc., Fit Assist Medical Inc., Smardii AB, Dry Baby Inc., DiaperSens, DiaperMate by Futurestar Enterprises Limited, Chiaus (Fujian) Industrial Development Co Ltd., BabyBloom Healthcare BV
Smart Diapers Market 2024 Key Insights:
• 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%.
• Rising Birth Rates Fuel Growth In The Smart Diapers Market
• Innovative Solutions Drive Growth In The Smart Diapers Market
• North America was the largest region in the smart diapers market in 2023
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