Medical Baby Monitoring Devices Market Increasing Demand, Industry Share, Revenue Analysis by 2027

The Global Medical Baby Monitoring Devices Market 2021 by Regions, Type, and Application, forecast to 2027 research report is a comprehensive, methodical, and all-encompassing examination of the industry. The study's goal is to help key vendors, organisations, and end-users in the industry better grasp the benefits and complete features of market segments. It examines market dynamics and gives an overview to aid in the definition, categorization, and statistical analysis of markets. The present condition of the worldwide Medical Baby Monitoring Devices market, as well as its future prospects.

In accordance with the Medical Baby Monitoring Devices market is set to grow at a CAGR of 10.19% over the forecast period (2021-2027).

The report's authors used a unique and industry-leading research and analysis technique to conduct an in-depth analysis of the worldwide Medical Baby Monitoring Devices market. From 2021 through 2027, this study anticipates demand, trends, and revenue growth at regional and country levels, as well as an examination of industry trends in each of the sub-segments.

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In the worldwide market, there are a number of important and rising Medical Baby Monitoring Devices market Key players:

Angelcare, Dorel Industries, Motorola Solutions, Summer Infant, Snuza, Philips, Samsung, Sony, Infant Optics, Levana, Newell Brands, Lorex Technology, iBaby, Withings, D-Link, Vtech Holdings, Hisense

Industry News:

Philips has acquired 36 companies, including 16 in the last 5 years. A total of 13 acquisitions came from private equity firms. It has also divested 13 assets.

Philips’ largest acquisition to date was in 2007 when it acquired Respironics for $5.1B. It’s largest disclosed sale occurred in 2021 when it sold Koninklijke Philips - Domestic Appliances Business to Hillhouse Capital Management for $3.7B. Philips has acquired in 12 different US states, and 10 countries. The Company’s most targeted sectors include medical products (38%) and electrical equipment (10%).

Market segment by Type, covers:

Internet Baby Monitor

Video Baby Monitor

Audio Baby Monitor

The application covered in the report include:

Hospitals

Family

Others

Market Overview:

 The market for Medical Baby Monitoring Devices is expected to grow from USD 1.3 billion in 2019 to USD 1.9 billion by 2027, at a CAGR  during the forecast period. The report covered sensor pads or smart mattresses embedded with the sensors for  baby monitoring, elderly monitoring, and sleep monitoring. The growth of this market is driven primarily by factors such as growing investments in healthcare infrastructural development, increasing elderly population, rising adoption of unobtrusive monitoring solutions, increasing focus on reducing the treatment cost of pressure ulcer & fall injuries, and increasing online availability & purchase of products. However, a lack of awareness and acceptance of the products in developing countries is expected to restrain the growth of this market during the forecast period.

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APAC market is projected to grow at the highest CAGR during the forecast period

The Medical Baby Monitoring Devices market is divided into five major segments—North America, Europe, Asia Pacific, GCC Countries, and the Rest of the World (RoW). In 2018, North America accounted for the largest share of this market, followed by Europe. The APAC market is projected to grow at the highest CAGR during the forecast period. Growth in this market can primarily be attributed to the rapid growth in the healthcare industry, widespread policy reforms, the rapidly growing middle-class population with increasing purchasing power, and rising investments in infrastructural development.

Regional Outlook:

This research report focuses on Medical Baby Monitoring Devices market volume and value at regional Opportunity and company Trends From a global perspective, this report Study represents overall market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: Americas, Europe, Asia-Pacific, Middle East & Africa and ROW.

Europe would enjoy the second spot where several factors like automation and better technical inclusion and Scope. The Asia Pacific region has better prospect in growing with a high CAGR in the coming years as the regional market would witness several changes in the infrastructure.

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Table of Contents: Medical Baby Monitoring Devices Market

Chapter 1: Global Medical Baby Monitoring Devices Market Overview

Chapter 2: Economic Impact on Industry

Chapter 3: Medical Baby Monitoring DevicesMarket Competition by Manufacturers

Chapter 4: Production, Revenue (Value) by Region

Chapter 5: Supply (Production), Consumption, Export, Import by Regions

Chapter 6: Production, Revenue (Value), Price Trend by Type

Chapter 7: Medical Baby Monitoring Devices Market Analysis by Application

Chapter 8: Manufacturing Cost Analysis

Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10: Marketing Strategy Analysis, Distributors/Traders

Chapter 11: Medical Baby Monitoring Devices Market Effect Factors Analysis

Chapter 12: Research Conclusions of Global Medical Baby Monitoring Devices Market

Impact of COVID-19:

The COVID-19 epidemic has impacted markets and customer behaviour in a short period of time, and it is having a significant influence on economies and society. With offices, educational institutions, and manufacturing facilities closed indefinitely, big sports and events postponed, and work-from-home and social distance rules in place, businesses are increasingly seeking technology to assist them to get through these trying times. The COVID-19 epidemic is wreaking havoc on companies all around the world.

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