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Increasing geriatric population, growing awareness towards personal hygiene and rising number of internet users are anticipated to drive the growth of Global Smart Diapers Market.
Global Smart Diapers Market is valued at USD 8107.6 Million in 2020 and expected to reach USD 12765.7 Million by 2027 with a CAGR of 6.7% over the forecast period.
Scope of Global Smart Diapers Market Report:
Smart Diapers are referred to the kind of innerwear that can detect and gather information while the Diapers is wet. In addition, the gathered information is sent as a message to the helping guardian or the overseer as a suggestion to change the Diapers. The presence of sensors in the Diapers helps to recognize the spillage in the Diapers by raising an alert.
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Key Players for Global Smart Diapers Market Report:
Some major key players for global smart Diapers market are Simavita, Opro9, Abena, Sinopulsar, Monit, Fit Assist Medical, Eldersense, Hunan Cosom, Pixie Scientific, Sensassure, DigiSense, Smardii, and others.
Global Smart Diapers Market Segmentation:
Increasing Geriatric Population, Growing Awareness towards Personal Hygiene and Rising Number of Internet Users Driving the Market Growth
One of the major factors driving the growth of global smart Diapers market is increasing geriatric population. The smart Diapers isn’t just for comfort, however to offer help geriatric population who can’t have complete over their physical function. Number of individuals faces the difficulties of incontinence, and the neat Diapers assists with bettering serve their physiological necessities. In addition, another growing awareness towards personal hygiene is also supplementing the market growth.
North America is Expected to Dominate the Global Smart Diapers Market
North America is expected to dominate the global smart Diapers market due to increasing geriatric population, increasing per capita expenditure and technological advancement. For instance; according to Census Bureau, in 2019, about 16.5 percent of the American populace was 65 years of age or more than; a figure which is relied upon to reach at 22% by 2050. According to CDC report, U.S. health care expenditure grew by about 4.6 % in 2019, increasing approximately USD 3.8 trillion or around USD 11,582 per capita. Healthcare expenditure accounted for around 17.7% in total country’s GDP.
Asia Pacific is the rapidly developing area in the global smart Diapers market due to rising old age population and high disposable income. For instance; according to World Health Organization (WHO), by 2025, 18% of the population of in Asia will be over 65 years of age. This is an expansion of 11% from the 2010 levels. The financial development has guaranteed higher dispensable earnings accordingly empowering individuals to meet their healthcare needs by putting resources into better advances.
Key Benefits for Global Smart Diapers Market Report:
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