The bed monitoring system & baby monitoring system market is expected to continue its growth trajectory in the forthcoming years, predicted to reach $3.27 billion by 2029 at a CAGR of 10.3%, driven by increasing parental convenience, safety concerns, a rise in working parents, and rapid urbanization. Factors contributing to this forecasted growth encompass telehealth integration, wireless connectivity, AI-powered insights, enhanced camera technology, and fall detection and prevention.
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What Are The Driving Factors Of The Bed Monitoring System & Baby Monitoring System Market?
A significant driver of the bed monitoring system & baby monitoring system market is the increasing investment in healthcare infrastructural development. Governments globally are initiating programs to boost healthcare advancement in underserved regions, fostering demand for bed monitoring systems and baby monitoring systems. For example, the US government’s Build Back Better Act (BBBA) is expected to invest over $2 billion in basic public health infrastructure and strengthen healthcare response to infectious diseases, chronic conditions, and environmental threats. The BBBA envisions investments of $100 million in 2022, $150 million in 2023, and $500 million in 2024–2026 for public health efforts at the Centers for Disease Control and Prevention (CDC).
What Are the Key Segments Within the Bed Monitoring System & Baby Monitoring System Market?
The bed monitoring system & baby monitoring system market is segmented into:
1) By Type: Bedsore Monitoring Solutions, Baby Monitoring Solutions, Elderly Monitoring Solutions, Sleep Monitoring Solutions
2) By End-User: Homecare Settings, Hospitals, Nursing Home, Assisted Living Facilities
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Who Are The Major Players In The Bed Monitoring System & Baby Monitoring System Market?
Major companies operating in this market include Wellsens Inc., XSENSOR Technology Corporation, SensorCare Systems Ltd., Smart Caregiver Corporation, Eight Sleep Inc., Infant Optics Inc., Koninklijke Philips N.V., VTech Communications Inc., Nanit Inc., and iBaby Labs Inc. among others.
What Trends Are Shaping The Bed Monitoring System & Baby Monitoring System Market?
Technological advancements are driving trends in the bed monitoring system & baby monitoring system market. Major companies are leveraging innovative solutions to strengthen their market position. For instance, in August 2023, Dozee and Midmark India introduced India’s first connected bed platform for automated patient monitoring in hospital beds. This innovation uses cloud and artificial intelligence technology and next-generation sensors, proving crucial for monitoring beds in High Dependency Units, step-down ICUs, and non-ICU wards.
Which Regions Are Leading And Which Ones Are Emerging in The Bed Monitoring System & Baby Monitoring System Market?
In 2024, North America dominated the bed monitoring system and baby monitoring system market, while the fastest-growing region is expected to be Asia-Pacific. This market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Bed Monitoring System & Baby Monitoring System Market Report 2025 Offer?
The bed monitoring system & baby monitoring system are utilized for tracking babies’ activities. It employs diverse sensors to track patients’ and babies’ activities, alerting caregivers or parents to any unusual behavior timely, potentially averting emergencies. Sensors are designed to be placed under the mattress, next to the bed frame, and fully sealed against contamination to provide a safe and reliable monitoring system. The Bed Monitoring System & Baby Monitoring System Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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