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Bed Monitoring System & Baby Monitoring System Global Market Analysis, Trends, Growth, Research And Forecast 2033
Bed Monitoring System & Baby Monitoring System Global Market
The bed monitoring system & baby monitoring system market size is expected to see strong growth in the next few years. It will grow to $2.91 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to parental convenience, safety concerns, rise in working parents, rapid urbanization. Major trends in the forecast period include telehealth integration, wireless connectivity, ai-powered insights, enhanced camera technology, fall detection and prevention.
Market Overview -
The bed monitoring system & baby monitoring system are used for tracking the activities of babies. These systems use various sensors to track the activities of the patients and the babies and notify the caregivers or parents if there is any deviation in their normal behavior to make sure to check on them in case of an emergency. A sensor is designed to be placed under the mattress of a bed, near the bed frame, and is completely sealed against contamination, eliminating the need to discard the sensor after a patient is discharged. Ribbon switches are placed between stiff Plexiglas plates in the assembly of the sensor.
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Expanding Healthcare Infrastructure Investments Fuel Growth In Bed Monitoring System And Baby Monitoring System Market
The growing investment in healthcare infrastructural development is expected to propel the growth of the bed monitoring system & baby monitoring system market going forward. Governments across the globe are launching several hospital infrastructure investment initiatives to boost healthcare development in impoverished areas, which would create the demand for bed monitoring systems and baby monitoring systems. For instance, according to the Commonwealth Fund Commission of the United States, the US government introduced the Build Back Better Act (BBBA), which would invest more than $2 billion in basic public health infrastructure and increase the ability of the healthcare system to respond to infectious and chronic diseases and environmental threats. The BBBA is expected to include $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). Therefore, the growing investment in healthcare infrastructural development is driving the bed monitoring system & baby monitoring system market growth.
Competitive Landscape -
Major companies operating in the bed monitoring system & baby monitoring system market include Wellsens Inc., XSENSOR Technology Corporation, SensorCare Systems Ltd., Smart Caregiver Corporation, Eight Sleep Inc., Infant Optics Inc., Lenovo Group Limited, Koninklijke Philips N.V., VTech Communications Inc., Nanit Inc., iBaby Labs Inc., Withings Inc., Hisense Ltd., Motorola Mobility LLC, Capsule Technologies Inc., Emfit Ltd., Hisense USA Corporation, EarlySense Inc., Tekscan Inc., Sleep Number Corporation, Fresenius Medical Care Holdings Inc., Angelcare Monitors Inc., Owlet Baby Care Inc., Samsung Electronics Co. Ltd., Summer Infant Inc., Levana LLC, Safety 1st Inc., Mobi Technologies Inc., Graco Children's Products Inc., Lorex Technology Inc., Arlo Technologies Inc., Cocoon Cam Inc., Lollipop Baby Camera Inc., Cubo AI Inc., Snuzy Baby Inc., MonDevices Inc., Bluebell Baby Inc.
Pervasive Technological Advancements Reshaping The Bed Monitoring System & Baby Monitoring System Market
Technological advancements have emerged as the key trend gaining popularity in the bed monitoring system & baby monitoring system market. Major companies operating in the bed monitoring system and baby monitoring system sector are focused on introducing technological innovations to reinforce their positions. For instance, in August 2023, Dozee and Midmark India launched India's first connected bed platform for automating patient monitoring in hospital beds. The new offering is very helpful for monitoring beds in HDU, step down ICUs, and non-ICU wards. It is powered by cloud and artificial intelligence technology and uses next generation sensors to monitor the patient
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Key Segments -
The bed monitoring system & baby monitoring system market covered in this report is segmented -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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