Dublin, May 29, 2023 (GLOBE NEWSWIRE) -- The "Global Medical Baby Monitoring Devices Market (2023-2028) by Type, Mode of Connection, Hardware, Price, Distribution Channels, End-Users, and Geography, Competitive Analysis, Impact of Covid-19, Impact of Economic Slowdown & Impending Recession with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Medical Baby Monitoring Devices Market is estimated to be USD 867.07 Mn in 2023 and is expected to reach USD 1208.18 Mn by 2028, growing at a CAGR of 6.86%.
Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service.
Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.
As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the Global Medical Baby Monitoring Devices Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development, and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
The analyst analyses the Global Medical Baby Monitoring Devices Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Medical Baby Monitoring Devices Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Market Dynamics
Drivers
- Increasing Focus on Child Care and Baby Safety to Monitor Baby Activities and Assist in the Development
- Rising Demand from Working Parents Globally
- Growing E-Commerce to Distribute Baby Monitors
Restraints
- Repeated False Alarms Lead to Unnecessary Tests
- Safety Concerns
Opportunities
- Technology Development in Baby Monitoring Devices
- Growing Adoption Among Baby Care Centers and Home Care Settings
Challenges
- Declining Birth Rate
- Repeated False Alarms Lead to Unnecessary Tests
Market Segmentations
The Global Medical Baby Monitoring Devices Market is segmented based on Type, Mode of Connection, Hardware, Price, Distribution Channels, End-Users, and Geography.
- By Type, the market is classified into Audio, Video, and Others (Sleep Tracker, and Wall Mountable Stand).
- By Mode of Connection, the market is classified into Wired and Wireless.
- By Hardware, the market is classified into Camera and Sensors.
- By Price, the market is classified into Low, Medium, and High.
- By Distribution Channels, the market is classified into Online and Offline.
- By End-Users, the market is classified into Daycare & Nursery, Home, and Hospitals.
- By Geography, the market is classified into Americas, Europe, Middle-East & Africa, and Asia-Pacific.
Companies Mentioned
- Angelcare Monitor Inc.
- Bebcare Baby Care
- Delta Medical International Ltd.
- Dorel Industries Inc.
- Graco Children's Products Inc.
- Jablotron
- Koninklijke Philips N.V.
- MonDevices Inc.
- Motorola Solutions Inc.
- nice Neotech Medical Systems Pvt. Ltd.
- Owlet Baby Care Inc.
- Safety 1st
- Samsung Electronics Co. Ltd.
- SENSE-U
- Snuza International Pty Ltd.
- Sony Corp.
- SoyMomo
- Summer Infant Inc.
- Udisense Inc.
- VTech Holdings Ltd.
- Withings Inc.
For more information about this report visit https://www.researchandmarkets.com/r/cq4od4
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