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. Bed monitoring system & baby monitoring system market worldwide is observing a robust growth and stood at USD 1.19 Bn in 2018. Owing to 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 system & baby monitoring system shall grow. Due to all these factors, we are expecting a huge growth in bed monitoring system & baby monitoring system market during the forecast period.
Market Synopsis
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Homecare Market to Continue Grow Significantly
The homecare segment shall lead the bed monitoring system & baby monitoring system market. Backed by increase in use of sleep monitoring devices and baby monitors in homecare settings and the growing adoption for inconspicuous monitor in home care for the elderly population and kids, the sales for bed monitoring system & baby monitoring system shall be on a rise. Due to growing concern of people towards health and increase in sleep related issues, the demand for bed monitoring system & baby monitoring system 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.
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Asia Pacific to Register the Fastest Growth
Bed monitoring system & baby monitoring system market is led by North America. Asia Pacific shall dominate the bed monitoring system & baby monitoring system market during the forecast period. The rapid development in the healthcare industry, extensive 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 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.
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Some of the 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, Sleep Number Corporation among others.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 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. 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:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| 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)
|
Key questions answered in this report
- What was the market size of bed monitoring system & baby monitoring system in 2018 and forecast up to 2027?
- Which is the largest regional market for bed monitoring system & baby monitoring system?
- What are the major trends followed in overall bed monitoring system & baby monitoring system across different regions?
- Who are the key bed monitoring system & baby monitoring system companies leading the market?
- What are the key strategies adopted by the leading bed monitoring system & baby monitoring system companies in market?
Unique data points of this report
- Statistics on electronic equipment worldwide
- Recent trends across different regions in terms of adoption of bed monitoring system & baby monitoring system across various applications
- Notable developments going on in 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)
