Global Bed Monitoring Systems and Baby Monitoring Systems Strategic Business Report 2023: Ageing Demographics to Drive Demand for Bed Monitoring Systems

DUBLIN, June 21, 2023 /PRNewswire/ -- The "Bed Monitoring Systems and Baby Monitoring Systems: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Bed Monitoring Systems and Baby Monitoring Systems estimated at US$1.4 Billion in the year 2022, is projected to reach a revised size of US$2.5 Billion by 2030, growing at a CAGR of 7.2% over the analysis period 2022-2030.

Baby Monitoring, one of the segments analyzed in the report, is projected to record a 6.9% CAGR and reach US$997.2 Million by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Elderly Monitoring segment is readjusted to a revised 7.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $411.4 Million, While China is Forecast to Grow at 8.9% CAGR

The Bed Monitoring Systems and Baby Monitoring Systems market in the U.S. is estimated at US$411.4 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$296.9 Million by the year 2030 trailing a CAGR of 8.9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.6% and 7.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.2% CAGR.

Select Competitors (Total 44 Featured) -

• Capsule Technologies, Inc.
• CenTrak
• EarlySense
• Eight Sleep
• Emfit Ltd
• Fresenius Medical Care AG & Co. KGaA
• Hisense Ltd.
• ibaby labs
• Infant Optics
• Koninklijke Philips N.V.
• Nanit
• Sensing Tex
• SensorCare Systems Ltd.
• Sleep Number Corporation
• Smart Caregiver Corporation
• Tekscan, Inc.
• VTech Communications, Inc.
• XSENSOR Technology Corporation

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Impact of Covid-19 and a Looming Global Recession
• 2020 Marked as a Year of Disruption & Transformation
• As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021
• World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
• COVID-19 Pandemic Dampens Global Demand for Bed Monitoring Systems and Baby Monitoring Systems
• Bed Monitoring Systems and Baby Monitoring Systems - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Global Market Prospects and Outlook
• Global Bed Monitoring & Baby Monitoring System Market Primed for Massive Growth
• Baby Monitoring Systems and Home Care Settings Dominate the Global Market
• North America Maintains Majority Stake in Bed Monitoring & Baby Monitoring System Market
• Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Global Baby Monitoring Devices Market Moves Ahead Swiftly with Giant Steps
• Popular Baby Monitoring Systems
• Increasing Global Population and Rise in Number of New Births: Opportunity Galore for Baby Monitoring Systems Market
• Global New Births (in Millions) per Annum by Geographic Region
• Global New Births (In Thousands) per Annum by Select Country
• Population of Children (0-4 years) in Million for Select Countries: 2020
• Rising Women Workforce Drives Demand for Baby Monitoring Systems
• Top 10 Countries Worldwide with the Highest Proportion of Working Women in the Nation's Women Population
• Technological Advancements in Baby Monitoring Devices Drive the Market Forward
• AI-enabled Baby Monitors
• Other Innovations
• Smart Baby Monitor Market Enjoys Notable Crescendo with Technological Innovations
• Salient Factors Stimulating Smart Baby Monitor Demand
• Popular Smart Baby Monitors
• COVID-19 Brings New Challenges Related to Elderly Care
• Ageing Demographics to Drive Demand for Bed Monitoring Systems
• Expanding Elderly Population Worldwide: Breakdown of Number of People Aged 65+ Years in Million by Geographic Region for the Years 2019 and 2030
• Smart Bed-Exit Detection & Fall Prevention Systems for Geriatric Institutions
• New Technologies in Senior Care to Reduce the Risk of Falls
• Bracing Advanced Night-Time Monitoring Systems to Deal with Wandering Behavior among Elderly People
• Night-Time Monitoring Systems to Prevent Fall Injuries
• Pandemic Compels Senior Care Facilities to Use Modern Technologies for Offering Better Care
• Pressure Ulcer & Bed Monitoring Systems Attain Next Level with Emerging Technology
• Emerging Technology to Alleviate Pressure Ulcer Risk
• Sleep Monitoring Systems Gain Popularity
• Development of an Unobtrusive Sleep Monitoring System using a Depth Sensor
• Smart Medical Beds Witness Increasing Demand in Patient Care Environment
• Use of IoT in Smart Beds
• Increased Emphasis on Remote Patient Monitoring Creates Favorable Growth Opportunities for Bed Monitoring Systems
• Rise of Healthcare IOT Further Augments Bed Monitoring Systems Market
• World IoT Market: Number of Connected Devices (in Million) for Years 2018, 2020, and 2022
• Shift towards Home Healthcare Augurs Well for the Bed Monitoring Systems Market
• MACRO DRIVERS
• Expanding Urban Population Spurs Market Growth
• Urban Population Worldwide in Thousands: 1950-2050P
• Government Efforts to Improve Healthcare Infrastructure and Favorable Insurance Schemes Support Market
• World Healthcare Expenditure (In US$ Trillion) for the Years for 2017, 2019, 2021 and 2023
• The Millennials Reaching Child-Bearing Age Drive Healthy Market Growth for Baby Monitoring Systems
• Global Millennial Population by Region (2020E): Percentage Breakdown of Number of Millennials for North America, Europe, China & Japan, Latin America and Rest of World
• Rising Middle Class Population in Emerging Markets Offer Increased Growth Prospects
• Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
• Global Middle Class Spending (in US$ Trillion) by Geographic Region

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/k6ehze

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