Global Bed Monitoring System and Baby Monitoring System Market By Product (Baby Monitoring, Elderly Monitoring, Bedsores Monitoring, Sleep Monitoring), By End-User (Homecare Settings, Hospitals, Nursing Home & Assisted Living Facilities), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2031

A baby monitor, often known as a baby alarm, is a radio device that allows an end-user to monitor an infant from a distance. An audio monitor is made up of a transmitter device with a microphone that is positioned near the child. It sends audio signals to a receiver unit with a speaker held by or near the person caring for a baby with the help of radio waves.

Certain baby monitors have two-way communication, allowing the parent to converse with the child (parent talk-back). Some parents allow their children to listen to music. A baby cam is a monitor that includes a video camera and receiver.

Bed monitoring devices are smartly and innovatively designed, with IoT assisting in keeping an eye on features such as temperature, humidity, live video monitoring, and detection sensors. These devices are mostly utilized by older individuals who have pressure ulcers, sleep apnea or are at risk of falling out of bed. It aids in providing crucial information to caregivers so that they can provide care to babies or the elderly.

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Detailed Segmentation –

Based on Product Type:

• Baby Monitoring
• Elderly Monitoring
• Bedsores Monitoring
• Sleep Monitoring

Based on End-User:

• Homecare Settings
• Hospitals
• Nursing Home & Assisted Living Facilities

Based on Region:

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

Market Dynamics –

Drivers for the Global Bed Monitoring System and Baby Monitoring System Market:

The increase in investments towards healthcare infrastructure development around the world is a key factor fueling the revenue growth of the bed monitoring system and infant monitoring system markets. The bed monitoring market is being propelled forward by an increased focus on lowering the cost of treating pressure ulcers and fall injuries, as well as significant demand for technologically advanced bed and infant monitoring systems to provide care and safety to both babies and the elderly.

Restraints Global Bed Monitoring System and Baby Monitoring System Market:

The lack of understanding about how to use and build these products is expected to stymie market expansion prospects. Resistance to these new products and technologies is expected to pose challenges to both the bed monitoring system and infant monitoring system markets.

Opportunities for the Global Bed Monitoring System and Baby Monitoring System Market:

The bed monitoring system and infant monitoring system markets benefit from an increase in geriatric populations, increased online availability and purchase of products, as well as the acceptance of inconspicuous monitoring solutions. Furthermore, technological improvements provide market participants with profitable opportunities over the projected timeline.

Trends for the Global Bed Monitoring System and Baby Monitoring System Market:

Sleep monitoring solutions are likely to be the fastest-growing segment in this market. People are becoming more aware of the need of tracking and managing their sleeping patterns. Consumers are being pushed to embrace sleep monitoring systems by factors such as growing awareness of sleep as a health concern, and a surge in the occurrences of sleep-related health problems such as obesity. Moreover, increasing personal disposable incomes is another factor that is expected to aid this market's economic growth in the years to come.

Competitive Landscape –

• EarlySense
• Emfit Ltd.
• Eight Sleep
• Smart Caregiver Corporation
• Tekscan Inc.
• Sleep Number Corporation
• CenTrak
• XSENSOR Technology Corporation.
• Hisense
• VTech Communications Inc.

Recent Developments of Major Players –

• In 2019, Hill-Rom and Wells Fargo Strategic Capital raised US$ 39 million to help Early Sense expand its contact-free sensing and analytics technology globally.
• The Eight Sleep Pod, a smart bed for sleep tracking with dynamic temperature control, was released in 2019.

For the Bed Monitoring System and Baby Monitoring System Market research study, the following years have been considered to estimate the market size: