Bed Monitoring and Baby Monitoring System Market Size - By Type (Baby Monitor {Sensors, Wearables}, Sleep Monitor, Elderly Monitor, Pressure Ulcer Monitor), By End-use, & Forecast, 2023 – 2032

Bed Monitoring and Baby Monitoring System Market Size

Bed Monitoring and Baby Monitoring System Market size was valued at around USD 1.5 billion in 2022 and is projected to reach over USD 3.1 billion by 2032. This incremental growth rate is owing to increasing prevalence of hospital acquired infection and sleeping disorders coupled with increasing adoption of unobtrusive monitoring solutions is expected to fuel the market progress.
 

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Availability of technologically advance monitoring devices for elderly and children will further augment the product adoption rate. Increasing awareness about child safety, advancements in technology, and a growing elderly population requiring healthcare assistance will stimulate the overall industry expansion. The proliferation of IoT and connected home technologies has contributed to the growth of the bed monitoring and baby monitoring system industry. Moreover, developing healthcare expenditure, growing disposable income, ageing population, the rising adoption of bed monitoring and baby monitoring system will further propel the market trends.
 

Bed monitoring and baby monitoring systems are technologically advance monitors that track the activities, movements, and safety of bedridden patients and infants, respectively. These systems employ a combination of sensors, cameras, and wireless connectivity to provide real-time monitoring and alerts.

However, high cost of bed monitoring and baby monitoring system can pose a significant challenge and impede the market growth. The initial investment required to purchase bed monitoring and baby monitoring system, especially those with advanced features and specifications, can result in financial challenges for healthcare facilities those with limited budgets. For instance, the cost of bed monitoring system can range between USD 2,500 to USD 7,000 and can vary according to the technology used in these monitoring systems. Hospitals, nursing homes, and other healthcare institutions often operate within constrained budgets, making it challenging to allocate funds for expensive monitoring systems. Higher-end systems with advanced features may come with a premium price tag, making them less accessible to a wider range of consumers. Hence, the aforementioned factors is expected to restrict the market growth.
 

COVID-19 Impact

The recent outbreak of COVID-19 had negatively influenced the bed monitoring and baby monitoring system market revenue, specifically during the first half of 2020. The coronavirus outbreak proliferated the disease burden and hampered several global businesses including the healthcare sector, during initial phase of 2020. These conditions severely impacted the m market growth. Several healthcare facilities and nursing homes globally experienced a significant decline in patient visits and elective procedures during the pandemic. This situation limited the immediate need for bed monitoring systems in healthcare settings, as well as the ability for caregivers to access and install baby monitoring systems.
 

Bed monitoring and baby monitoring systems, especially higher-end or advanced models, were considered non-essential by some consumers, resulting in decreased demand and slower market growth. Although later the market recovered, thereby mitigating the initial impact. Furthermore, as the number of COVID-19 infected patients decreased significantly and several healthcare facilities began delivering healthcare services, gradually returning the procedural volume to pre-pandemic levels.
 

Bed Monitoring And Baby Monitoring System Market Trends

The increasing adoption of unobtrusive monitoring solutions is expected to fuel the market expansion. Unobtrusive monitoring solutions are incorporated with advance technologies that can monitor individuals' activities and well-being without causing discomfort or intrusion. Unobtrusive monitoring solutions offer a more comfortable and seamless user experience and use non-intrusive sensors, such as contactless motion sensors, wearable devices, and ambient monitoring technologies. By capturing data passively and wirelessly, unobtrusive monitoring solutions ensure safety and convenience without causing disruptions. Unobtrusive monitoring solutions align with the need for remote and contactless monitoring, enabling caregivers and healthcare professionals to remotely track the well-being and safety of individuals.
 

Technological advancements have led to the development of more compact, affordable, and efficient unobtrusive monitoring solutions. Miniaturization of sensors, improvements in wireless connectivity, and increased availability of cost-effective components have contributed to the market progression.
 

Bed Monitoring And Baby Monitoring System Market Analysis

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Based on type, the bed monitoring and baby monitoring system market is segmented as baby monitor, sleep monitor, elderly monitor and pressure ulcer monitor. The baby monitor segment held a dominant market share of around 36% in 2022 and is expected to witness a lucrative growth rate by 2032. This high market share is owing to several benefits offered my baby monitors in remote monitoring. Baby monitors provide parents and caregivers with a way to ensure the safety and security of infants, particularly when they are in a separate room or sleeping in a crib. By monitoring audio and video feeds, parents can keep an eye on their baby's activities, ensuring they are safe and alerting them to any potential risks or emergencies. These monitors are incorporated with advance features that can track baby’s sleep patterns, provide insights into sleep quality, and help parents establish healthy sleep routines.
 

Baby monitors equipped with wireless connectivity allow for remote monitoring using smartphones or dedicated parent units. Therefore, convenience, peace of mind, and enhanced safety for parents and caregivers among others are contributing to the market growth.

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Based on end-use, the bed monitoring and baby monitoring system market is segmented as hospitals, homecare, nursing home & assisted living facilities and others. The homecare segment held a majority market share accounting USD 651.5 million in 2022. This high market share is owing to the availability of advanced bed monitoring and baby monitoring system for baby as well as elderly population. Bed monitoring systems play a crucial role in homecare by allowing remote patient monitoring and well-being of bedridden patients. Bed monitoring systems offer cost-effective solutions for homecare, as they can reduce the need for frequent in-person visits by healthcare professionals. These systems promote independence, allowing individuals to receive necessary care and support while remaining in the comfort of their own homes.  
 

The increasing demand for bed monitoring and baby monitoring systems in homecare settings is driven by factors such as aging demographics, caregiver support, cost-effectiveness, safety concerns, and the desire for independence. Advancing technology and shifts towards more patient-centered care, the demand for these systems is expected to grow further in the homecare sector.

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The North America dominated the bed monitoring and baby monitoring system market with a majority market share in 2022 and is predicted to reach around USD 1.2 billion by 2032. This market share is attributable to numerous variables including the presence of key market players, an increasing prevalence of sleep disorders, and rising awareness regarding the benefits of bed monitoring and baby monitoring system among others. For instance, according to the Sleep Foundation data, in 2021, around 50 to 70 million people in the U.S. were suffering from sleep disorders. Bed monitoring systems can aid in the diagnosis of sleep disorders and can identify the presence and severity of specific sleep disorders, such as sleep apnea, restless leg syndrome, or insomnia. These systems can track various sleep parameters such as movement, heart rate, breathing patterns, and sleep stages.
 

By continuously monitoring these factors, bed monitoring systems offer valuable information to healthcare professionals for assessing sleep disorders and evaluating the effectiveness of treatment interventions. Technological advancements and high level of awareness among consumers regarding the benefits of bed monitoring and baby monitoring systems is expected to facilitate the regional growth.
 

Bed Monitoring And Baby Monitoring System Market Share

Some of the major players operating in the bed monitoring and baby monitoring system market are

• Early Sense
• EMFIT
• Eight Sleep
• Smart CareGiver Corporation
• Wellsense
• Tekscan
• Sleep Number Corporation
• Capsule Technologies, Inc.
•  Fresenius Medical Care
• Infant Optics
• Koninkilijke Philips N.V.
• XSENSOR Technology Corporation
• Binatone Global

These leading market players are implementing advanced technologies to cater to the large unmet needs of the consumers. These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
 

Bed Monitoring And Baby Monitoring System Industry Leaders:

• In November 2019, Eight Sleep announced the launch of Eight Sleep Pod, an advance bed monitoring device. This device incorporates AI technology that studies the sleep habits of individuals and adjusts the temperature in bed automatically. This innovative product launch helped the company to enhance their customer base and gain a competitive edge over its peers.
   
• In April 2019, EarlySense announced the launch of Real Sleep, an advanced sleep sensor and sleep analysis system. This system accurately measures the user's sleep score, sleep times, sleep depth and other measures to quantitatively analyze sleep quality. This innovative launch helped the company to enhance their product portfolio and increase their business revenue.
   

Bed monitoring and baby monitoring system market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million and volume (Units) from 2018 to 2032, for the following segments:

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By Type, 2018 - 2032 (USD Million & Units)

• Baby Monitor
  • Sensors
  • Wearables
• Sleep Monitor
• Elderly Monitor
• Pressure Ulcer Monitor

By End-use, 2018 - 2032 (USD Million)

• Hospitals
• Homecare
• Nursing Home & Assisted Living Facilities
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Poland
  • Sweden
  • The Netherlands
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Thailand
  • Philippines
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
  • Peru
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Israel
  • Egypt
  • Turkey