Bed Monitoring System And Baby Monitoring System Market By Product (Pressure Ulcer, Baby Monitoring, Elderly Monitoring, Sleep Monitoring), By Application (Homecare, Nursing Homes And Assisted Living Facilities) - Growth, Future Prospects, And Competitive Landscape, 2019-2027

Rapid Increase in Healthcare Industry to Boost the Bed Monitoring System & Baby Monitoring System Market

The bed monitoring system & baby monitoring system market worldwide is expected to grow with a CAGR of 8.5% during the forecast period from 2019 to 2027. The bed monitoring system & baby monitoring system market worldwide was observing robust growth and stood at USD 1.19 Bn in 2018. Owing to the increase in investments in healthcare infrastructural development, rising elderly population, rising adoption of unobtrusive monitoring solutions, and increasing online availability, the demand for bed monitoring systems & baby monitoring systems shall grow. Due to all these factors, we are expecting huge growth in the bed monitoring system & baby monitoring system market during the forecast period.

Market Synopsis

Homecare Market to Continue to Grow Significantly

The homecare segment shall lead the bed monitoring system & baby monitoring system market. Backed by an increase in the use of sleep monitoring devices and baby monitors in homecare settings and the growing adoption of inconspicuous monitor in-home care for the elderly population and kids, the sales of bed monitoring systems & baby monitoring systems shall be on the rise. In addition, due to the growing concern of people towards health and the increase in sleep-related issues, the demand for bed monitoring systems & baby monitoring systems is set to increase. All these factors shall drive the homecare market shall further lead to the growth of the bed monitoring system & baby monitoring system market.

The Asia Pacific to Register the Fastest Growth

The bed monitoring system & baby monitoring system market is led by North America. However, the Asia Pacific shall dominate the bed monitoring system & baby monitoring system market during the forecast period. The major factors driving the Asia Pacific bed monitoring system and baby monitoring system market growth are the rapid development in the healthcare industry, the rapidly growing middle-class population with increasing healthcare expenditure, policy reforms, and significant investments in infrastructure development are the major factors driving the Asia Pacific bed monitoring system & baby monitoring system market growth. Moreover, rising disposable income amongst the middle-class population increases their buying power to install healthcare devices in homecare settings. On account of these factors, Asia Pacific will grow with the highest CAGR throughout the forecast period.

Some prominent players operating in the bed monitoring system & baby monitoring system market include Smart Caregiver Corporation, Early Sense, Eight Sleep, EMFIT, Wellsense, Tekscan, Lenovo Group, and Sleep Number Corporation, among others.

Historical & Forecast Period

This research report presents the analysis of each segment from2017 to 2027, considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The bed monitoring system & baby monitoring system market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of global bed monitoring system & baby monitoring system Market based on product type, application and geography. Key segments covered in the report are as follows:

Segmentation Product Type (2017–2027; US$ Bn)

• Pressure Ulcer
• Baby Monitoring
• Elderly Monitoring
• Sleep Monitoring

Application Type (2017–2027; US$ Bn)

• Homecare
• Nursing Homes and Assisted Living Facilities

Geography (2017–2027; US$ Bn)

• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)

Unique data points of this report

• Statistics on electronic equipment worldwide
• Recent trends across different regions in terms of the adoption of bed monitoring systems & baby monitoring systems across various applications
• Notable developments were going on in the bed monitoring system & baby monitoring system market.
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

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