Smart Diapers Market Trends, Revenue, Segments, Analysis and Forecasts 2030
Smart Diapers Market Overview:
In addition, the smart diapers market has been expected to
increase at a CAGR of 19.3% with a value of USD 1,544 Million during the
projected quarters of 2022-2030. Diapers refer to a type of
underwear made using absorbent materials, such as cotton, tissue papers, and
polyester nonwoven fabrics. They are designed to retain and absorb urine and
feces for an extended period of time, allowing the wearer to urinate and
defecate without using the toilet. They also contain super absorbing polymers
like sodium polyacrylate for retaining large quantities of waste fluids while
preventing the outer cloth from getting soiled. As a result, diapers are widely
worn by infants, toddlers, and adults suffering from urinary incontinence,
diarrhea, mobility impairment, and dementia.
The
growing consciousness regarding personal hygiene among individuals represents
the primary factor driving the market in India. Besides this, the surging
prevalence of urinary incontinence among the geriatric population is another
major growth-inducing factor. In addition, the surging birth rates are
contributing to the diaper sales in India as parents are becoming more
concerned about infant health and hygiene. As a result, several leading
manufacturers are focusing on product innovations, such as the development of
smart diapers integrated with sensors to detect leakage and prevent skin
infections or irritation. They are also launching biodegradable diapers
manufactured using eco-friendly materials that decompose faster than
traditional diapers due to the increasing awareness about the harmful
environmental effects of diaper disposal. Apart from this, the ongoing research
and development activities to introduce advanced diapers incorporated with
nanotechnology to replace potentially harmful materials present in regular
diapers are offering lucrative opportunities to the key
smart diapers market players.
Market Segmentation:
The
global smart diapers market has been segmented into four sections like type,
technology, service and regional basis. With the type sections the market has
been divided into two categories like stored and non-store market. With the
technology section, the global market is classified into two sections like
advanced technology and e-commerce. With the service part the smart diapers
market is further divided into three parts like community care, universal care
and clinical care. According to the regional basis, the market is further
divided into five sections like Asia-Pacific, Europe, North America, South
America and Middle East & Africa.
Regional Analysis:
More
than half of the global population belongs to Asia, and it is expected to hold
the highest urban population by 2050. Asia that is home to the two most
populous countries of the world India and China, is expected to generate huge
opportunities for the smart diapers market by adding the maximum number of
babies during the forecast period.
As
stated by the Hindawi Publishing Corporation, eco-diapers for infants 24 months
old and younger are commonly used in India and China followed by the
Philippines and Japan. The combination of conductive yarns and sensors can
detect the moisture content in eco-diapers, and an alarm is sent when moisture
is significant. Moreover, according to WHO data, by 2030, 18% of the
population of Asia will be more than 65 years old. This is an increase of 11%
from the 2010 levels. This is expected to generate huge opportunity for the smart
diapers market studied as families become increasingly nuclear in the region.
The
economic growth has ensured higher disposable incomes thereby enabling people
to meet their healthcare needs by investing in better technologies. According
to ILO data Asia-Pacific countries like Vietnam are expected to experience a
10.1% annual growth in income from 2022 to 2030.
Industrial News:
In
August 2021, Verily Life Sciences launched a new subsidiary called Coefficient
Insurance Company, which is backed by the commercial insurance unit of Swiss Re
Group. Coefficient plans to offer stop-loss insurance. Insurance could be a
more reliable source of income for Verily, as the company’s history in
technology and healthcare could make the new Coefficient subsidiary an
intriguing partner for insurers.
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