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Bed Monitoring System & Baby Monitoring System Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI3624

Bed Monitoring System & Baby Monitoring System Market size will exhibit substantial expansion during the period 2021 to 2027 on account of the growing investments in the healthcare sector. Increasing inclination towards unobtrusive surveillance alternatives and rising deployment of IoT has stirred the popularity of monitoring solutions. Rising emphasis on reduced treatment costs related to pressure ulcers & fall injuries and the higher online availability and purchasing of products will add positive impetus to the market progression.
 

Bed and baby monitoring systems are technological devices used in combination with a centralized software network for identifying sleeping patterns. The insufficient awareness and acceptance of these products among consumers mainly in developing countries may pose a challenge to their demand to some extent. However, with increasing number of hospitalizations, and growing technological advancements, the industry growth is set to anchor during the forecasted time.
 

With regards to type, the market is segmented into baby monitoring, elderly monitoring, pressure ulcer monitoring, and sleep monitoring. Out of these, the sleep monitoring solutions segment will commendably expand, impelled by the growing prevalence of sleep-related health problems like obesity. According to the American Sleep Association, over 50-70 million adults in the U.S. have a sleep disorder. The surging levels of health consciousness among consumers along with their mounting household incomes have stirred the higher adoption of sleep monitoring solutions.
 

Based on end-use, the bed monitoring system & baby monitoring system market share from homecare will rise through 2027. This is ascribed to the growing adoption of sleep monitoring devices and baby monitors in these settings. The expanding geriatric population has paved the path for rising in-home penetration of unobtrusive monitors. Baby monitors are increasingly preferred to track down the baby’s movement in sleep and alert the parent in instances of stillness. They are also apt for monitoring the temperature, breathing, and heart rate of the child. The growing obligation for child security will play an ideal role in aiding the segment growth.
 

North America is expected to capture a considerable share of bed monitoring system & baby monitoring system market due to the significant strides in the healthcare sector. The surging investments in infrastructural development have made way for higher consumer awareness within the region.
 

On the other hand, the booming middle-class population size, growing spending capabilities, and the presence of widespread policy reforms are some factors responsible for industry expansion in the Asia Pacific. Thriving government expenditure towards the development as well as upgradation of healthcare sector will also favor the regional progression.
 

The global market comprises the presence of players, such as Eight Sleep, Tekscan, Early Sense, Lenovo Group, Wellsense, Sleep Number Corporation, Smart Caregiver Corporation, and EMFIT.
 

These enterprises are constantly resorting to partnership-based strategies, including acquisitions, and mergers while focusing on initiatives like novel product developments and investments for generating high revenue sales and enhanced geographical presence.
 

For instance, in February 2019, Eight Sleep, introduced the Pod, its high-tech cutting-edge technology-based bed that is designed specifically to assist individuals in attaining optimal sleep fitness.
 

Impact of the COVID-19 crisis on bed monitoring system & baby monitoring system market trends

Amid the coronavirus pandemic, which significantly affected the global economy, the industry for bed and baby monitoring systems boded significantly well. This is ascribing to their increasing adoption across most of the healthcare facilities, as well as in home care for the effective monitoring of affected patients. For instance, in May 2020, Franciscus Gasthuis & Vlietland, a leading Netherlands hospital installed the contact-free units from EarlySense within its newly extended 12-bed pulmonary department for continuously monitoring COVID-19 patients whilst protecting the healthcare staff.
 

The bed monitoring system & baby monitoring system market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2027 for the following segments:

Market, by type

  • Baby monitoring
    • Sensor
    • Wearable
  • Elderly monitoring
  • Pressure ulcer monitoring
  • Sleep monitoring

Market, by end-user

  • Homecare settings
  • Hospitals
  • Nursing home
  • Assisted living facilities

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

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
  • Latin America
    • Mexico
    • Brazil
    • Argentina
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • UAE
    • Qatar

 

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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