Global Bed Monitoring System and Baby Monitoring System Market Growing By Increasing Market Share And Forecast 2026 With Top Key Players SENSING TEX, SL; Motorola Mobility LLC; Petra Industries, LLC; Koninklijke Philips N.V & Others

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.

This bed monitoring system & baby monitoring system market research report assists business in every sphere of trade to take superior decisions, to tackle the toughest business questions and diminish the risk of failure. The market data provided in the bed monitoring system & baby monitoring system report helps to discover diverse market opportunities present worldwide for medical device industry. A proficient team works meticulously with their potential capabilities to generate this finest bed monitoring system & baby monitoring system market research report. By applying best-practice models and research methodologies, complete market analysis is performed in this report to make sure that the report provides accurate market segmentation and insights for the success of client's business.

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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.;

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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Segmentation: Global Bed Monitoring System and Baby Monitoring System Market

By Type

Baby Monitor
Sensor
Wearables
Pressure Ulcer
Elderly Monitor
Fall Prevention
Sleep Monitor

By End-Users

Home Care
Hospitals
Nursing Home & Assisted Living Facilities

By Geography

North America
South America
Europe
Asia-Pacific
Middle East & Africa

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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