Bed Monitoring System and Baby Monitoring System Market 2020:Competitor Analysis By Major players Like SENSING TEX, SL; Motorola Mobility LLC; Petra Industries, LLC; Koninklijke Philips N.V.

Global bed monitoring system & baby monitoring system market is expected to rise to an estimated value of USD 2.07 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the innovations in technology and emergence in availability of products through several distribution channel majorly e-commerce.

The bed monitoring system & baby monitoring system report assess the production processes, major issues and solutions to mitigate the development risk. It helps to understand the most affecting drivers and restraints forces in the bed monitoring system & baby monitoring system market and its impact in the global market. It also understands and future outlook and prospects for the bed monitoring system & baby monitoring system market.

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Few of the major competitors currently working in the global bed monitoring system & baby monitoring system market are
WELLSENSE;
XSENSOR;
Early Sense;
Tekscan, Inc.;
SENSING TEX, SL;
Motorola Mobility LLC;
Petra Industries, LLC;
Koninklijke Philips N.V.;
Qingdao Hisense Trade and Buslness Co.,Ltd;
VTech Communications, Inc.;
Nanit; iBaby Labs, Inc.;
Emfit Ltd;

Key Developments in the Market:

In February 2019, Eight Sleep announced the launch of their latest product innovation branded as “the Pod” described as a high-tech bed for providing individuals much required sleep. The product provides regulation of temperature, tracking, can be equipped with smart home technology and helps individuals coach to sleep. The product is integrated with artificial intelligence which tracks and integrates the solutions with sleeping patterns of individuals.
In May 2017, Apple Inc. announced that they had acquired Beddit, with the company providing sleep-tracking devices and services that can be utilized in iOS and Apple Watch. The flagship product of the company is their “Beddit 3 Sleep Monitor” which does not require the user to wear the device, rather it is just inserted below the sheet on the bed and the nocturnal movements of individuals are tracked through ballistocardiography. This acquisition is a strategic step by Apple to promote/enhance their services and expanding the product offerings especially for sleep-tracking.

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Segmentation: Global Bed Monitoring System and Baby Monitoring System Market

By Type
(Baby Monitor, Pressure Ulcer, Elderly Monitor, Sleep Monitor),

End-Users
(Home Care, Hospitals, Nursing Home & Assisted Living Facilities),

Geography
(North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Market Drivers

Increasing expenditure incurred by various manufacturers and in the overall healthcare industry for the development and provision of enhanced services; this factor is expected to drive the growth of the market
Rise in the geriatric population group resulting in increased adoption of these products; this factor is expected to drive the growth of the market
Growing preference for unobtrusive monitoring systems is expected to drive the growth of the market
Rise in the focus on prevention of disorders associated with pressures along with growing focus on prevention of injuries associated with falling; this factor is expected to drive the growth of the market

Market Restraints

Inadequate knowledge regarding the usage and development of these devices from the various developing regions is expected to restrain the growth of the market
Resistance in acceptance of these advanced products and technologies is expected to restrain the growth of the market

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