Bed Monitoring System & Baby Monitoring System Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3624
Bed Monitoring System & Baby Monitoring System Market size is expected to grow significantly from 2019 to 2025.
Increasing adoption of monitoring solution will prove beneficial for market growth. Companies are taking efforts to manufacture technologically advanced bed and baby monitoring system to provide care, protection to babies and aged people. Monitoring solutions are smartly and innovatively designed that includes Internet of Things assisting to have attention on minute details such as humidity, temperature, cry detecting sensor and live video surveillance. These user-friendly features embedded in monitoring systems will augment demand of such devices that will propel business growth.
Increasing elderly population susceptible to chronic conditions such as cardiovascular diseases and degenerative diseases globally will surge demand for monitoring system in order protect them from falling. Elderly people may suffer from pressure ulcers, sleep apnea and risk of getting felled from bed. Bed monitoring devices are ultra-thin that doesn’t interfere to normal actions and provide accurate response to users. It helps in providing every detail to care takers that will result in delivering superior quality care. However, lack of acceptance of the products in developing and underdeveloped regions may hamper business growth up to some extent.
Sleep monitoring segment is estimated to witness lucrative growth in analysis timeframe. Significant growth is attributed to increasing awareness amongst people pertaining to regulating and monitoring of their sleeping patterns. Rising prevalence of sleeping disorders such as sleep apnea, insomnia and anxiety disorder will augment demand for sleep monitoring devices. Moreover, rising geriatric population will surge demand for sleep monitoring devices as they suffer sleeping disorders due to chronic diseases that disrupts their normal breathing patterns. Aforementioned factors will escalate demand for sleep monitoring devices that will exceed segment growth.
Homecare settings had substantial revenue in 2018 and it is anticipated to enormously increase in coming years. Lucrative revenue is attributed to rising installation of bed and baby monitoring systems. Increasing awareness of unobtrusive solutions and benefits offered by these systems is encouraging consumers to adopt baby and bed monitoring devices in homecare settings. Furthermore, rising use of baby monitors and pressure ulcer monitoring devices in homecare settings simplifies the job of care givers. As a result, increasing installation of baby and bed monitoring devices in healthcare settings will positively stimulate segment growth.
Asia Pacific bed monitoring system & baby monitoring system market is estimated to foresee robust growth in near future. Increasing government expenditure on development and upgradation of healthcare industry will result in installation of advanced equipment in hospitals. Moreover, rising disposable income amongst middle-class population increases their buying power to install healthcare devices in homecare settings. As a result, increasing healthcare expenditure coupled with rising disposable income will accelerate regional market growth.
Notable industry players operating in the Bed Monitoring System & Baby Monitoring System market are Smart Caregiver Corporation, Early Sense, Eight Sleep, EMFIT, Wellsense, Tekscan, Lenovo Group and Sleep Number Corporation. For instance, in 2018, EarlySense partnered with Hill-Rom to establish integrated continuous monitoring as a new standard of care. This strategy will enable company to cater wide range of patients in coming years that will increase its revenue share.
Bed Monitoring System & Baby Monitoring System Market by type, 2014-2025 (USD Million)
- Baby monitoring
- Elderly monitoring
- Pressure ulcer monitoring
- Sleep monitoring
Bed Monitoring System & Baby Monitoring System Market by end-user, 2014-2025 (USD Million)
- Homecare settings
- Nursing home
- Assisted living facilities
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Smart Caregiver Corporation
- Early Sense
- Eight Sleep
- Lenovo Group
- Sleep Number Corporation
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