Global Bed Monitoring System & Baby Monitoring System Market is expected to reach $XX Mn by 2026 from $XX Mn in 2019, at a CAGR of 8.5% during forecast period.
Global Bed Monitoring System & Baby Monitoring System Market Overview:
The baby monitoring system is also known as a baby alarm, is a radio system used to listen to the sounds made by an infant remotely. It has an audio monitor which consists of a transmitter unit that is equipped with a microphone and is placed near to the child. Monitoring devices are smartly and innovatively designed that include IoT assisting to have attention on details such as temperature, humidity, live video surveillance, and cry detecting sensor. These devices are mainly used by the elderly population suffering from pressure ulcers, sleep apnea, and have the risk of felling from bed. It helps to provide every detail to caretakers that can support delivering superior quality care to babies or elderly people.
Global Bed Monitoring System & Baby Monitoring System Market Dynamics:
Growing prevalence of sleeping disorders such as anxiety disorder, sleep apnea, and insomnia are the major factors driving the market growth.
The increasing prevalence of sleep disorders, increases the demand for sleep monitoring devices and rising adoption of unobtrusive monitoring systems are expected to drive the growth of the bed monitoring systems and baby monitoring system market. Along with this, increasing concern towards the security of babies, and easy access to technology, people are widely accepting monitoring devices. This is anticipated to positively impact the market growth. Also, the increasing geriatric population susceptible to chronic diseases such as neurodegenerative and cardiovascular is expected to augment the market growth. Some factors like lack of acceptance and awareness of the products and inadequate knowledge regarding the usage of these devices in various developing regions may hinder the market growth. The report has profiled fifteen key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and report has come up with recommendations for future hot spot in APAC region.
Global Bed Monitoring System & Baby Monitoring System Market Segment Analysis:
The Global Bed Monitoring System & Baby Monitoring System Market is segmented on the basis of Type and End-Users.
Based on Type, the baby monitoring segment accounted for the largest market share in the year 2019. The segment growth is expected to grow due to the factor like increasing concern about baby’s security and assesses their real-time condition to solve parent’s tension while away from the kid. For instance, an E-baby Cradle has been introduced that can swing automatically when a baby is detected crying and stops swinging when crying stops. Such advancements are projected to drive market growth. On the other hand, the sleep monitoring devices segment is expected to witness significant growth during the forecast period. People are becoming more aware of monitoring and regulating their sleep patterns. Factors such as growing awareness of sleep as a health concern, increasing occurrences of sleep-related disorders such as obesity are increasing demand for sleep monitoring devices. To know about the Research Methodology :- Request Free Sample Report
Global Bed Monitoring System & Baby Monitoring System Market Regional Insights:
Asia Pacific is projected to grow at a highest CAGR during forecast period.
APAC is expected to witness lucrative growth owing to the factors such as growing investments in infrastructural development, rapid growth in the healthcare industry, and rising purchasing power of the middle-class population. China is forecasted to reach a market size of US$ XX Million by the year 2026, by growing at a CAGR of 10% over the forecast period. The report also helps in understanding Global Bed Monitoring System & Baby Monitoring System Market dynamics, structure by analyzing the market segments and project the Global Bed Monitoring System & Baby Monitoring System Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Bed Monitoring System & Baby Monitoring System Market make the report investor’s guide.
Global Bed Monitoring System & Baby Monitoring System Market, Key Developments:
• In April 2019, EarlySense announced the launch of its advanced sleep analysis engine and sleep sensor into Real Sleep in collaboration with KDDI Corporation. Furthermore, in 2019, Eight Sleep launched the Eight Sleep Pod, a smart bed for sleep tracking with dynamic temperature control.
Global Bed Monitoring System & Baby Monitoring System Market Scope: Inquire before buying
Global Bed Monitoring System & Baby Monitoring System Market, by Region:
• North America • Europe • South America • MEA • APAC
Global Bed Monitoring System & Baby Monitoring System Market, Key Players:
• Smart Caregiver Corporation • Early Sense • Eight Sleep • EMFIT • Wellsense • Tekscan • Lenovo Group • Sleep Number Corporation • CenTrak • Sano Intelligence • SENSING TEX • Motorola Mobility LLC • Petra Industries, LLC • Koninklijke Philips N.V. • Qingdao Hisense Trade and Buslness Co.,Ltd • XSENSOR • VTech Communications, Inc. • Nanit • iBaby Labs, Inc. • Fall Prevention and Anti-Wandering • Apple Inc. • Sleep Number Corporation