Global Market for Bed Monitoring Systems and Baby Monitoring Systems
Dublin, Aug. 19, 2022 (GLOBE NEWSWIRE) -- The "Bed Monitoring Systems and Baby Monitoring Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Bed Monitoring Systems and Baby Monitoring Systems Market to Reach US$1.8 Billion by the Year 2026
Growth in the global market is mainly attributed to rising aging population, increasing uptake of unobtrusive monitoring options and growing investment in development of the healthcare infrastructure. The market is powered by immense popularity of baby monitoring solutions, on-going efforts to prevent fall injuries and pressure ulcers, and explosion of the e-commerce.
In recent years, a large number of clinical settings and hospitals have embraced continuous monitoring systems to track respiratory and heart rates of patients in real-time. Powered by latest technology such as the Internet of Things (IoT) and artificial intelligence, these devices deliver enhanced features and are gaining increasing traction from high incident of chronic medical conditions.
While increasing uptake of baby monitors is driving demand, strong emphasis on sleep monitors to analyze sleep patterns, mainly in homecare settings, is providing notable revenue boost to the market. In addition, the availability of smart bed monitoring systems along with increasing incidence of sleep disorders is bolstering the market growth.
Increasing geriatric population that is susceptible to various chronic conditions, falls and associated medical complications is expected to propel global demand for these devices. The global market for baby monitoring devices holds a bright outlook on account of confluence of numerous favorable factors like increasing disposable incomes and rising improving living standards, mainly across developing economic. The market growth is bolstered by proliferation of nuclear families, increasing global population and rapid westernization.
Amid the COVID-19 crisis, the global market for Bed Monitoring Systems and Baby Monitoring Systems estimated at US$1.4 Billion in the year 2022, is projected to reach a revised size of US$1.8 Billion by 2026, growing at a CAGR of 6.6% over the analysis period.
The U.S. Market is Estimated at $411.4 Million in 2022, While China is Forecast to Reach $210 Million by 2026
The Bed Monitoring Systems and Baby Monitoring Systems market in the U.S. is estimated at US$411.4 Million in the year 2022. The country currently accounts for a 29.45% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$210 Million in the year 2026 trailing a CAGR of 8.3% through the analysis period.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Global Baby Monitoring Devices Market Moves Ahead Swiftly with Giant Steps
Increasing Global Population and Rise in Number of New Births Presents Opportunity Galore for Baby Monitoring Systems Market
Rising Women Workforce Drives Demand for Baby Monitoring Systems
Technological Advancements in Baby Monitoring Devices Drive the Market Forward
AI-enabled Baby Monitors
Smart Baby Monitor Market Enjoys Notable Crescendo with Technological Innovations
Salient Factors Stimulating Smart Baby Monitor Demand
Popular Smart Baby Monitors
COVID-19 Brings New Challenges Related to Elderly Care
Ageing Demographics to Drive Demand for Bed Monitoring Systems
Expanding Elderly Population Worldwide
Smart Bed-Exit Detection & Fall Prevention Systems for Geriatric Institutions
New Technologies in Senior Care to Reduce the Risk of Falls
Bracing Advanced Night-Time Monitoring Systems to Deal with Wandering Behavior among Elderly People
Night-Time Monitoring Systems to Prevent Fall Injuries
Pandemic Compels Senior Care Facilities to Use Modern Technologies for Offering Better Care
Pressure Ulcer & Bed Monitoring Systems Attain Next Level with Emerging Technology
Emerging Technology to Alleviate Pressure Ulcer Risk
Sleep Monitoring Systems Gain Popularity
Development of an Unobtrusive Sleep Monitoring System using a Depth Sensor
Smart Medical Beds Witness Increasing Demand in Patient Care Environment
Use of IoT in Smart Beds
Increased Emphasis on Remote Patient Monitoring Creates Favorable Growth Opportunities for Bed Monitoring Systems
Rise of Healthcare IOT Further Augments Bed Monitoring Systems Market
World IoT Market: Number of Connected Devices (in Million) for Years 2018, 2020, and 2022
Shift towards Home Healthcare Augurs Well for the Bed Monitoring Systems Market
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Capsule Technologies, Inc.
Fresenius Medical Care AG & Co. KGaA
Koninklijke Philips N.V.
SensorCare Systems Ltd.
Sleep Number Corporation
Smart Caregiver Corporation
VTech Communications, Inc.
XSENSOR Technology Corporation
For more information about this report visit https://www.researchandmarkets.com/r/un7tga
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager email@example.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900