Study report on Baby Monitoring System Market covered sensor pads or smart mattresses embedded with sensors for bedsore monitoring, baby monitoring, elderly monitoring, and sleep monitoring. The market for bed monitoring system & baby monitoring system is expected to grow from USD 1.3 billion in 2019 to USD 1.9 billion by 2024, at a CAGR of 7.9% during the forecast period. —
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Bed monitoring system & baby monitoring system market driven primarily by the increased investments in healthcare infrastructure development, growing elderly population, rising adoption of unobtrusive monitoring solutions, increasing focus on reducing cost of pressure ulcer and fall injuries treatment and increasing online availability and purchase of products.
“Rising adoption of unobtrusive monitoring solutions expected to drive overall growth of bed monitoring system & baby monitoring system market.”
Bed monitoring system & baby monitoring system market divided into four major segments—baby monitoring, elderly monitoring, bedsore monitoring, & sleep monitoring. The baby monitoring segment accounted for the largest share of bed monitoring system & baby monitoring system market in 2018. The large share of this segment is attributed to availability of new products, increasing awareness among parents, and the rising adoption of baby monitors in homecare settings.
The growth of Bed monitoring system & baby monitoring system market is driven primarily by factors such as growing investments in healthcare infrastructural development, increasing elderly population, rising adoption of unobtrusive monitoring solutions, increasing focus on reducing the treatment cost of pressure ulcer & fall injuries and increasing online availability & purchase of products.
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Some of key players in bed monitoring system & baby monitoring system market are Early Sense (US), EMFIT (Finland), Eight Sleep (US), Smart Caregiver Corporation (US), Wellsense (US), Tekscan (US), Lenovo Group (Hong Kong) and Sleep Number Corporation (US).The study includes an in-depth competitive analysis of these key players in bed monitoring system & baby monitoring system market, along with their company profiles, recent developments, and key market strategies.
• In 2019, Hill-Rom and Wells Fargo Strategic Capital raised US$ 39 Million to accelerate the global expansion of Early Sense’s contact-free sensing and analytics solution.
• In 2019, Eight Sleep launched the Eight Sleep Pod, a smart bed for sleep tracking with dynamic temperature control.
Asia Pacific is projected to record the highest growth in the bed monitoring system & baby monitoring system market during the forecast period. The rapid growth in the healthcare industry, widespread policy reforms, the rapidly growing middle-class population with increasing purchasing power, and increased investments in infrastructural development are supporting the growth of the Asia Pacific bed monitoring system & baby monitoring system market.
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The market study covers the bed monitoring system & baby monitoring system market across various segments. It aims at estimating the market size (in terms of value) and the growth potential of this market across different segments by type, end user, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their product and business offerings, recent developments, and key market strategies.
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The report will help market leaders/new entrants in this market and provide information regarding the closest approximations of the bed monitoring system & baby monitoring system market and its sub-segments. This report will help stakeholders to understand the competitive landscape, gain insights to position their businesses better, and plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide information on key market drivers, restraints, and opportunities.
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