Dublin, May 22, 2024 (GLOBE NEWSWIRE) -- The "Bed Monitoring Systems and Baby Monitoring Systems - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Bed Monitoring Systems and Baby Monitoring Systems Market to Reach $2.5 Billion by 2030
The global market for Bed Monitoring Systems and Baby Monitoring Systems estimated at US$1.5 Billion in the year 2023, is projected to reach a revised size of US$2.5 Billion by 2030, growing at a CAGR of 6.4% over the analysis period 2023-2030.
The global bed monitoring and baby monitoring system market is primed for massive growth, with baby monitoring systems and home care settings dominating the market. North America holds the majority stake in this sector, driven by recent market activities and technological advancements. The global baby monitoring devices market is advancing rapidly, fueled by a growing global population and an increase in new births, creating ample opportunities for market expansion.
Baby Monitoring, one of the segments analyzed in the report, is projected to record 6.1% CAGR and reach US$997.2 Million by the end of the analysis period. Growth in the Elderly Monitoring segment is estimated at 7% CAGR for the next 8-year period.
The rising workforce of women further drives the demand for baby monitoring systems, as these devices provide reassurance and convenience for working mothers. Technological advancements, particularly the development of AI-enabled baby monitors, are pushing the market forward by offering enhanced features and improved monitoring capabilities. Popular baby monitoring systems continue to gain traction, reflecting the market's swift progress and the increasing importance placed on the safety and well-being of infants.
The U.S. Market is Estimated at $436.2 Million, While China is Forecast to Grow at 7.9% CAGR
The Bed Monitoring Systems and Baby Monitoring Systems market in the U.S. is estimated at US$436.2 Million in the year 2023. 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 7.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.9% and 6.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 280 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $1.5 Billion |
| Forecasted Market Value (USD) by 2030 | $2.5 Billion |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | Global |
MARKET OVERVIEW
- Bed Monitoring Systems and Baby Monitoring Systems - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (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
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
- Rising Women Workforce Drives Demand for Baby Monitoring Systems
- 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
- 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
- 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
- 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
FOCUS ON SELECT PLAYERS(Total 44 Featured)
- Motorola Mobility LLC
- Fresenius SE & Co. KGaA
- Fresenius Medical Care AG & Co. KgaA
- Koninklijke Philips N.V.
- Hisense Ltd.
- Guangdong Biolight Medical Technology Co., Ltd.
- Eight Sleep
- Capsule Technologies, Inc.
- Baby Earth
- Foscam, Inc.
- Infant Optics
- Levana
- Lorex Technology, Inc.
- iBaby Labs, Inc.
- EarlySense
For more information about this report visit https://www.researchandmarkets.com/r/61kl1t
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