Baby Monitoring Devices Market Size, Share, Growth, Trends, Analysis, Forecast To 2033

The new report published by The Business Research Company, titled ""Baby Monitoring Devices Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the baby monitoring devices market size has grown strongly in recent years. It will grow from $4.48 billion in 2023 to $4.9 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The baby monitoring devices market size is expected to see rapid growth in the next few years. It will grow to $7.18 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%.

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Rising Working Women Boost Baby Monitoring Devices Market Growth
The rising number of working women is expected to propel the growth of the baby monitoring devices market going forward. Working women refer to employed women, who work and earn a salary, wages, or another kind of revenue through regular work outside the house. Employed mothers do not have enough time to care for their children while they are at work thus, a baby monitor is used to listen in on or keep an eye on the baby from a distance and sends notifications in the event of an emergency. For instance, according to a statistical report published by the Federal Reserve Economic Data (FRED), a US-based research division of the Federal Reserve Bank, women's labor force participation in the United States was increased to 57.1% in August 2022. Therefore, the rising number of working women is driving the growth of the baby monitoring device market.

Masimo Revolutionizes Baby Monitoring With An Innovative Smart Home System
Product innovation is a key trend gaining popularity in the baby monitoring devices market. Major companies operating in the baby monitoring devices market are focused on developing innovative products to strengthen their position. For instance, in August 2023, Masimo Corporation, a US-based medical technology company, launched the Stork smart home baby monitoring system in the US. The baby monitor system features several components, such as Stork Vitals+ and Vitals. The Stork Vitals+ has a mobile app, a boot with a sensor, and a video camera. Parents can hear and converse with their babies thanks to the high-resolution camera's improved night vision and high-quality two-way audio. With the use of the company's noninvasive hospital neonate monitoring technology, Stork offers a number of features, including continuous health data tracking, a parent-tested mobile app, safe and encrypted connectivity, and 2K quad-high definition video. With the launch of Stork, parents now have access to a technology that was once created for the most difficult patients in hospitals. The user interface of the device is similar to a straightforward smartphone app.

The baby monitoring devices market covered in this report is segmented -

1) By Type: Internet Baby Monitor, Video Baby Monitor, Audio Baby Monitor
2) By Mode Of Connection: Wired, Wireless
3) By Application: Hospitals, Family, Other Applications

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Major companies operating in the baby monitoring devices market report are Dorel Industries Inc., Samsung Electronics Co. Ltd., Angelcare Monitors Inc., Motorola Solutions Inc., iBaby Labs Inc., VTech Holdings Limited, Lorex Technology Inc., Summer Infant Inc., Nanit Inc., Owlet Baby Care Inc., Respisense, Safetosleep, Evoz Pharmaceutical Private Limited, Anker Innovations Technology Co. Ltd., Miku Inc., Infant Optics, MOBI Technologies Inc., Panasonic Corporation, Levana Infotech Pvt. Ltd., Baby Delight Inc., Invidyo LLC, FLIR Systems Inc., The Procter & Gamble Company, Snuza Inc., Hanwha Techwin Co. Ltd., The Holding Angelcare Inc., Hisense Electrical Co. Ltd., Mayborn Group Limited, Arlo Technologies Inc.

Contents of the report:
1. Executive Summary
2. Baby Monitoring Devices Market Report Structure
3. Baby Monitoring Devices Market Trends And Strategies
4. Baby Monitoring Devices Market - Macro Economic Scenario
5. Baby Monitoring Devices Market Size And Growth
…..
27. Baby Monitoring Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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