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

The Business Research Company’s bed monitoring system & baby monitoring system market report forecasts the bed monitoring system & baby monitoring system market size to grow to $2.49 Billion by 2027, with a CAGR (compound annual growth rate) of more than 8%.

Learn More On The Bed Monitoring System & Baby Monitoring System Market Report 2023 – https://www.thebusinessresearchcompany.com/report/bed-monitoring-system-and-baby-monitoring-system-global-market-report

Bed Monitoring System & Baby Monitoring System Market Size Forecast
The global bed monitoring system & 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. 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%.

North America held the largest bed monitoring system & baby monitoring system market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Bed Monitoring System & Baby Monitoring System Market Driver ­– Growth In Investment In Healthcare Infrastructural Development
For instance, according to the Commonwealth Fund Commission of the United States, the US government introduced the Build Back Better Act (BBBA), which would invest more than $2 billion in basic public health infrastructure and increase the ability of the healthcare system to respond to infectious and chronic diseases and environmental threats. The BBBA is expected to include $100 million in 2022, $150 million in 2023, and $500 million in 2024–2026 for public health efforts at the Centers for Disease Control and Prevention (CDC). Therefore, the growing investment in healthcare infrastructural development is driving the growth of the bed monitoring system & baby monitoring system market.

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Key Bed Monitoring System & Baby Monitoring System Market Trend – Technological Advancement
Major companies operating in the bed monitoring system and baby monitoring system sector are focused on introducing technological innovations to reinforce their positions. For instance, in August 2023, Dozee and Midmark India launched India’s first connected bed platform for automating patient monitoring in hospital beds. The new offering is very helpful for monitoring beds in HDU, step down ICUs, and non-ICU wards. It is powered by cloud and artificial intelligence technology and uses next generation sensors to monitor the patient

Bed Monitoring System & Baby Monitoring System Market Segment
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

Bed Monitoring System & Baby Monitoring System Market Major Players and Strategies
Major players in the bed monitoring system & 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.

In February 2021, Hill-Rom Holdings Inc., a US-based medical technology provider, acquired contact-free continuous monitoring technology from EarlySense for $30 million. Through this acquisition, Hillrom’s commitment to establishing a differentiated suite of connected solutions to improve patient outcomes is underscored which is not expected to have a meaningful impact on the company’s financial guidance. EarlySense is an Israel-based medical device company operating in baby monitoring systems.

The Bed Monitoring System & Baby Monitoring System Global Market Report 2023 covers regional data on bed monitoring system & baby monitoring system market size, bed monitoring system & baby monitoring system market trends and drivers, opportunities, strategies, and bed monitoring system & baby monitoring system market competitor analysis. The countries covered in the bed monitoring system & 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 & baby monitoring system are used for tracking the activities of babies. These systems use various sensors to track the activities of the patients and the babies and notify the caregivers or parents if there is any deviation in their normal behaviour to make sure to check on them in case of an emergency. A sensor is designed to be placed under the mattress of a bed, near the bed frame, and is completely sealed against contamination, eliminating the need to discard the sensor after a patient is discharged. Ribbon switches are placed between stiff Plexiglas plates in the assembly of the sensor.

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