DUBLIN, June 21, 2023 /PRNewswire/ — The “Bed Monitoring Systems and Baby Monitoring Systems: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
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$2.5 Billion by 2030, growing at a CAGR of 7.2% over the analysis period 2022-2030.
Baby Monitoring, one of the segments analyzed in the report, is projected to record a 6.9% CAGR and reach US$997.2 Million by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Elderly Monitoring segment is readjusted to a revised 7.9% CAGR for the next 8-year period.
The U.S. Market is Estimated at $411.4 Million, While China is Forecast to Grow at 8.9% CAGR
The Bed Monitoring Systems and Baby Monitoring Systems market in the U.S. is estimated at US$411.4 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$296.9 Million by the year 2030 trailing a CAGR of 8.9% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.6% and 7.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.2% CAGR.
Select Competitors (Total 44 Featured) –
- Capsule Technologies, Inc.
- CenTrak
- EarlySense
- Eight Sleep
- Emfit Ltd
- Fresenius Medical Care AG & Co. KGaA
- Hisense Ltd.
- ibaby labs
- Infant Optics
- Koninklijke Philips N.V.
- Nanit
- Sensing Tex
- SensorCare Systems Ltd.
- Sleep Number Corporation
- Smart Caregiver Corporation
- Tekscan, Inc.
- VTech Communications, Inc.
- XSENSOR Technology Corporation
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of Covid-19 and a Looming Global Recession
- 2020 Marked as a Year of Disruption & Transformation
- As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- COVID-19 Pandemic Dampens Global Demand for Bed Monitoring Systems and Baby Monitoring Systems
- Bed Monitoring Systems and Baby Monitoring Systems – Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Global Market Prospects and Outlook
- Global Bed Monitoring & Baby Monitoring System Market Primed for Massive Growth
- Baby Monitoring Systems and Home Care Settings Dominate the Global Market
- North America Maintains Majority Stake in Bed Monitoring & Baby Monitoring System Market
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Global Baby Monitoring Devices Market Moves Ahead Swiftly with Giant Steps
- Popular Baby Monitoring Systems
- Increasing Global Population and Rise in Number of New Births: Opportunity Galore for Baby Monitoring Systems Market
- Global New Births (in Millions) per Annum by Geographic Region
- Global New Births (In Thousands) per Annum by Select Country
- Population of Children (0-4 years) in Million for Select Countries: 2020
- Rising Women Workforce Drives Demand for Baby Monitoring Systems
- Top 10 Countries Worldwide with the Highest Proportion of Working Women in the Nation’s Women Population
- Technological Advancements in Baby Monitoring Devices Drive the Market Forward
- AI-enabled Baby Monitors
- Other Innovations
- 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: Breakdown of Number of People Aged 65+ Years in Million by Geographic Region for the Years 2019 and 2030
- 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
- MACRO DRIVERS
- Expanding Urban Population Spurs Market Growth
- Urban Population Worldwide in Thousands: 1950-2050P
- Government Efforts to Improve Healthcare Infrastructure and Favorable Insurance Schemes Support Market
- World Healthcare Expenditure (In US$ Trillion) for the Years for 2017, 2019, 2021 and 2023
- The Millennials Reaching Child-Bearing Age Drive Healthy Market Growth for Baby Monitoring Systems
- Global Millennial Population by Region (2020E): Percentage Breakdown of Number of Millennials for North America, Europe, China & Japan, Latin America and Rest of World
- Rising Middle Class Population in Emerging Markets Offer Increased Growth Prospects
- Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
- Global Middle Class Spending (in US$ Trillion) by Geographic Region
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/k6ehze
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