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Expanding Healthcare Infrastructure Investments Fuel Growth In Bed Monitoring System And Baby Monitoring System Market: Key Factor Driving The Growth In The Bed Monitoring System & Baby Monitoring System Market
Bed Monitoring System & Baby Monitoring System
What Is the Expected Bed Monitoring System & Baby Monitoring System Market Size During the Forecast Period?
In recent times, there has been significant growth in the market for bed and baby monitoring systems. The market, which was valued at $2.03 billion in 2024, is projected to escalate to $2.2 billion in 2025, showing a compound annual growth rate (CAGR) of 8.8%. The increase during the historical period may be linked to factors such as an aging populace, surge in healthcare spending, compliance with regulations, initiatives for patient safety, and escalating birth rates.
In the coming years, the market size for the bed monitoring system and baby monitoring system is anticipated to proliferate rapidly. It is projected to escalate to $3.27 billion in 2029 with a compound annual growth rate (CAGR) of 10.3%. The market expansion during the projected period can be associated with factors such as increased convenience for parents, safety considerations, a rise in the population of working parents, and swift urbanization. Noteworthy trends during the forecast period encompass the integration of telehealth, wireless connectivity, AI-enabled insights, improved camera technology, and the detection and prevention of falls.
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What Are the High-Growth Segments in the Bed Monitoring System & Baby Monitoring System Market?
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
Subsegments:
1) By Edsore Monitoring Solutions: Pressure Mapping Systems, Wearable Sensors, Smart Mattresses
2) By Baby Monitoring Solutions: Video Baby Monitors, Audio Baby Monitors, Wearable Baby Monitors
3) By Elderly Monitoring Solutions: Fall Detection Systems, Health Monitoring Wearables, Remote Monitoring Systems
4) By Sleep Monitoring Solutions: Sleep Trackers, Smart Mattresses, Sleep Apnea Monitors
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What Key Drivers Are Expected to Influence Future Bed Monitoring System & Baby Monitoring System Market Growth?
The surge in funds directed towards the development of healthcare infrastructure is anticipated to accelerate the growth of the bed monitoring system & baby monitoring system market. Worldwide governments are initiating multiple hospital infrastructure investment programs to enhance healthcare facilities in impoverished regions, generating demand for bed and baby monitoring systems. For instance, the Commonwealth Fund Commission of the United States unveiled the Build Back Better Act (BBBA), where the US government would invest over $2 billion in essential public health infrastructure. The plan is to boost the healthcare system's capability to tackle infectious and chronic diseases and environmental hazards. The BBBA has a planned allocation of $100 million in 2022, $150 million in 2023, and $500 million during 2024-2026 directed towards public health initiatives at the Centers for Disease Control and Prevention (CDC). As a result, the escalating investment in the development of healthcare infrastructure is fuelling the rise of the bed monitoring system & baby monitoring system market.
Which Companies Hold the Largest Share Across Different Bed Monitoring System & Baby Monitoring System Market Segments?
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., Koninklijke Philips N.V., VTech Communications Inc., Nanit Inc., iBaby Labs Inc., Withings Inc., Hisense Ltd., Motorola Mobility LLC., Emfit Ltd., EarlySense Inc., Tekscan Inc., Sleep Number Corporation, 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., MonDevices Inc., Bluebell Baby Inc.
What Trends Are Driving Growth in The Bed Monitoring System & Baby Monitoring System Market?
The leading trend influencing the bed monitoring system & baby monitoring system market is attributed to advancements in technology. Established entities within the bed and baby monitoring sector are eager to innovate technologically to strengthen their market standing. Take for example, in August 2023, Dozee and Midmark India successfully launched the first-ever connected bed platform in India, specifically designed to automaticalize patient observation in hospital beds. This new development proves incredibly beneficial for monitoring beds in High Dependency Units (HDU), step down ICUs, and non-ICU wards. The technology behind it is driven by cloud and artificial intelligence technology, utilizing next generation sensors for patient monitoring.
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What Are the Emerging Geographies for The Bed Monitoring System & Baby Monitoring System Market Growth?
North America was the largest region in the bed monitoring system and baby monitoring system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bed monitoring system & baby monitoring system market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Bed Monitoring System & Baby Monitoring System Market?
2. What is the CAGR expected in the Bed Monitoring System & Baby Monitoring System Market?
3. What Are the Key Innovations Transforming the Bed Monitoring System & Baby Monitoring System Industry?
4. Which Region Is Leading the Bed Monitoring System & Baby Monitoring System Market?
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