Global Smart Connected Diapers Market to Grow with a CAGR of 14.0% During 2021-2030; Market to Grow on the Back of Rising Prevalence of Urinary Incontinence Globally
Kenneth Research published a report titled “Smart Connected Diapers Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global smart connected diapers market in terms of market segmentation by component, product, usability, size, supply chain, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global smart connected diapers market is anticipated to grow with a CAGR of 14.0% during the forecast period, i.e., 2021-2030. The market is segmented by size into small, medium, large, and extra large, out of which, the small segment is expected to garner the largest revenue of USD 1035.3 Million by the end of 2030. Moreover, in the year 2020, the segment registered a revenue of USD 265.1 Million.
The global smart connected diapers market is estimated to garner a revenue of USD 2848.0 Million by the end of 2030, up from a revenue of USD 780.8 Million in the year 2020. One of the major factors that is predicted to drive the growth of the market is the increasing prevalence of urinary incontinence amongst individuals. Besides this, the growing expenditure on research and developments by companies worldwide, followed by the increasing advancements in the development of diapers are some of the additional factors predicted to create numerous opportunities for market growth.
Geographically, the global smart connected diapers market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in the Asia Pacific is expected to garner the largest revenue of USD 885.7 Million by the end of 2030. Moreover, in the year 2020, the market in the region generated a revenue of USD 190.5 Million.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Geriatric and New Born Population to Drive the Market Growth
In one of the statistics by the World Bank, in the year 2020, the population aged 65 and above as a share of total population touched 9.321%. This was an increase from 7.567% in the year 2010. Moreover, the birth rate in South Africa, Afghanistan, Pakistan, India, and the United States, according to the statistics by the Central Intelligence Agency (CIA), registered to 18.89, 36.08, 26.95, 17.88, and 12.33 births/1000 population respectively in the year 2021.
Diapers are used majorly by newborns or the aged population who are not in a condition to use the toilet unlike normal individuals. With the surge in geriatric population worldwide, and the increasing number of newborns, the demand for diapers is expected to increase significantly, and in turn, contribute to the growth of the market in the coming years.
However, the low awareness about the product in developing countries, along with the high price of the product are expected to operate as key restraint to the growth of global smart connected diapers market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global smart connected diapers market which includes company profiling of Procter & Gamble, Verily Life Sciences LLC (Alphabet Inc.), Anavah Health, Smardii Inc., ABENA A/S, CviCloud Corporation, SINOPULSAR, MONIT Corp., KIMBERLY-CLARK CORPORATION, Ontex BV, Simavita Limited, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global smart connected diapers market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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