Bed Monitoring System And Baby Monitoring System Market Forecast 2023-2032: Size, Key Players And Segments
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
North America held the largest bed monitoring system and baby monitoring system market share, and Asia-Pacific was the fastest-growing region in 2022.
The global bed monitoring system and baby monitoring system market is expected to grow from $1.65 billion in 2022 to $1.8 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The bed monitoring system & baby monitoring system market size is expected to grow to $2.49 billion in 2027 at a CAGR of 8.5%.
Major Driver In The Bed Monitoring System And Baby Monitoring System Market – Growth In Investment In Healthcare Infrastructural Development
For example, the Commonwealth Fund Commission of the United States recently introduced the Build Back Better Act (BBBA), which would invest more than $2 billion in basic public health infrastructure and improve the healthcare system’s ability to respond to infectious and chronic diseases, as well as environmental threats. The BBBA is planned to provide $100 million for public health activities at the Centres for Disease Control and Prevention (CDC) in 2022, $150 million in 2023, and $500 million in 2024-2026. As a result, rising investment in healthcare infrastructure development is propelling the bed monitoring system & infant monitoring system market forward.
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Key Bed Monitoring System And Baby Monitoring System Market Segments
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
Recent Bed Monitoring System And Baby Monitoring System Market Trend – Technological Advancement
Major players in the bed monitoring system and infant monitoring system industries are focusing on developing technological advances to strengthen their positions. Dozee and Midmark India, for example, launched India’s first linked bed platform in August 2023 to automate patient monitoring in hospital beds. The new service is extremely beneficial for monitoring beds in HDUs, step-down ICUs, and non-ICU wards. It uses next-generation sensors to monitor the patient and is powered by cloud and artificial intelligence technology.
Bed Monitoring System And Baby Monitoring System Market Prominent Players
Major players in the bed monitoring system and baby monitoring system market are Wellsens Inc., XSENSOR Technology Corporation, SensorCare Systems Ltd., Smart Caregiver Corporation, Eight Sleep, Infant Optics, Lenovo Group Limited, Philips Koninklijke Philips N.V., VTech Communications, Inc., Nanit, iBaby Labs, Withings, Hisense Ltd., Motorola Mobility LLC, and Capsule Technologies Inc.
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The Bed Monitoring System And Baby Monitoring System Global Market Report 2023 provides a comprehensive overview on the bed monitoring system and baby monitoring system market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the bed monitoring system and baby monitoring system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The bed monitoring system and infant monitoring system are used to follow babies’ activity. These systems employ numerous sensors to track the activity of patients and babies and warn carers or parents if there is any variation from their regular conduct in order to ensure that they are checked on in the event of an emergency. A sensor is intended to be placed beneath a bed’s mattress, near the bed frame, and is totally sealed against contamination, removing the need to remove the sensor after a patient is discharged. In the sensor arrangement, ribbon switches are sandwiched between stiff Plexiglas panels.
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