Bed Monitoring System & Baby Monitoring System Market Overview
“The bed monitoring system & baby monitoring system market is expected to grow at 8.56 % CAGR from 2023-2030 & to reach above USD 3.10 billion by 2030 from USD 1.91 billion in 2023.”
Baby monitors are type of radio that allows you to listen remotely to the sounds of an infant. A baby monitor composed of a transmitter and a microphone which is located near to the infant. If a speaker is carried by or near to the caregiver of the baby, it transmits sound waves through radio waves into the receiver device. Some baby monitors offer two-way communication, which allows parents to talk with the baby in real-time (parent talking back).
One of the major functions that baby monitors serve is to allow parents to hear their child wake up, despite being outside of the child's hearing range. The most common sound heard on a monitor for babies is chatter from the cot, or kids even as infants are talking to themselves.
The population of the elderly is increasing and non-intrusive monitoring tools are becoming more sought-after Pressure ulcer and fall-related injury treatment costs are becoming a major issue, and online products availability and purchasing are becoming more frequent. These factors are the major factors driving this market's growth. However, it is expected that during the forecasted time there will be a shortage of acceptance and awareness in the developing countries could hinder the growth in this industry.
The marketplace for monitoring bed equipment and baby monitoring devices is growing quickly. The demand for bed monitoring equipment and baby monitoring devices will increase due to more investment in the development in healthcare facilities, a aging population, increasing acceptance of non-intrusive monitoring systems as well as increased accessibility to online services. Bed monitoring equipment and baby monitoring devices is predicted to expand significantly over the forecast time frame due to the above factors.
The growth of the market is also aided by the advancement of advanced technologies for monitoring beds and an increasing number of sleep-related conditions. The market for bed monitoring devices and baby monitoring systems could be restricted in its growth because of an insufficient understanding of the use of sleep monitoring systems in the developing world. The negative impact of this limitation can be averted by the successful marketing campaigns that manufacturers have started.
There are huge market opportunities in the baby monitoring system and bed monitoring systems. There is a growing demand for high-end monitoring systems as health and safety issues become more well-known. Comfort for parents and improved patient healthcare are enabled by technological advancements such as wireless connectivity and capability to remotely monitor. In addition, the increasing market potential of these systems is made possible by aging populations and increasing birth rates which opens up new possibilities for innovation and development in the field.
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Market Dynamics
Growth Drivers
One of the major reasons for the rise of the market is the growing emphasis on reducing the expense treatment of pressure ulcers as well as fall-related injuries. The monitoring of infants and beds market is expected to reap the greatest economic benefits from sleep monitoring products. The main reason behind this is the increasing awareness of the significance of monitoring sleeping patterns.
In addition, more and more families are using sleep and baby monitors for home care. The growth in the market has been driven by the advancement of advanced technologies for monitoring bed sleep and an increase in sleep-related illnesses. The monitoring of infants and beds markets could be subject to limitations on growth due to insufficient understanding of systems for monitoring sleep in the countries that are developing. The impact of this restriction can be mitigated through efficient marketing strategies that manufacturers have begun.
Trends
The growing use of non-intrusive monitoring services is predicted to boost the market growth. Monitoring solutions that are not visible are integrated with advanced technologies that track the activities of individuals and their wellbeing without any discomfort or disturbance. The solutions for unobtrusive monitoring provide more relaxing and seamless experience. They use sensors that are not intrusive, like motion sensors that are not contactable, wearable devices and sensors that monitor the environment.
Through the capture of data wirelessly and passively discreet monitoring solutions guarantee safety and comfort without causing disruptions. The unobtrusive monitoring options are in line with the requirement for remote and non-contact monitoring. They allow health professionals and caregivers to remotely monitor the well-being and safety of their patients.
Technology advancements have resulted in the creation of smaller, less expensive and reliable, unobtrusive monitor solutions. Sensors are reduced to size, advancements in wireless connectivity and the availability of more cost-effective components have aided in the advancement of the market.
Restraints
However it is predicted that the lack of knowledge about the evolution and application of these devices could limit market growth. The market for baby and bed monitoring systems is predicted to be a challenge during the forecast period because of the resistance to embracing these advanced devices and techniques.
Covid-19 impact
The bed monitoring system and baby monitoring system markets have both benefited from and suffered from the Covid-19 epidemic. On the one hand, the growing emphasis on safety and healthcare has raised demand for these systems as hospitals and parents look for remote monitoring options.
Manufacturing and distribution, on the other hand, have been impacted by supply chain interruptions and economic uncertainty. The market expansion in the post-pandemic period is likely to be driven by an increasing emphasis on health monitoring and remote care, therefore the long-term impact is anticipated to be favorable.
Bed Monitoring System & Baby Monitoring System Market Segment Analysis
Monitoring of bed and baby monitoring systems market is divided into segments based on the type of product and the end-user.
The segment of sleep monitoring products is expected to see the most rapid specific growth in the the forecast. Monitoring and controlling the sleep pattern is a topic that people are becoming aware of. The public is being pressured to adopt sleep monitoring systems because of factors like the rise in disposable incomes, the increasing incidence of sleep-related health problems such as obesity, and increased consciousness of sleep as a major health issue. This will lead to the market's rapid growth over the future.
Based on the end-user market data, the market share for monitoring systems for infants and beds monitoring systems used in home care is anticipated to grow dramatically until 2029. The rising demand for home-based invisible monitors and the increasing use of bed monitoring devices in homescare facilities could be connected. The population of the elderly has grown dramatically over the last ten years, which has placed an immense pressure on homecare and healthcare infrastructures to supply the aging with the necessary services.
Competitive Landscape of the Bed Monitoring System & Baby Monitoring System Market
- Smart Caregiver Corporation
- Early Sense
- Eight Sleep
- EMFIT
- Wellsense
- Tekscan
- Lenovo Group
- Sleep Number Corporation
- CenTrak
- Sano Intelligence
Recent Developments in Bed Monitoring System & Baby Monitoring System Market
20 March 2023: Tekscan announced the official launch of its new High-Speed TireScan™ system. With the introduction of this lightweight but rugged system, tire manufacturers and testing facilities can now accurately, repeatably, and efficiently measure dynamic contact patch pressure (DCPP) information from a tire running on a belt at speeds up to 165 mph (265 km/h).
09 December 2021: Tekscan, Inc., introduced F-Scan64™ 2.0: a new and improved, easy-to-use, cordless in-shoe pressure mapping system, offering true freedom of movement for the subject. System setup is quick and easy. The pre-sized sensors provide Tekscan’s fastest sensor connection process to date. This enhanced system is comprised of features that current F-Scan64 customers have requested.
Hill-Rom Inc. and Wells Fargo Strategic Capital invested $39 million in EarlySense in 2019. Hill-Rom and EarlySense formed cooperation to include EarlSense’s monitoring technology into Hill-smart Rom’s beds. The Israel Innovation Authority also took part in the EarlySense financing round.
Apple Inc. announced the acquisition of Beddit in May 2017, with the firm providing sleep-tracking gadgets and services that can be used on iOS and Apple Watch. The company’s flagship product is the “Beddit 3 Sleep Monitor,” which does not require the user to wear the gadget; instead, it is simply inserted beneath the sheet on the bed and the nocturnal movements of individuals are tracked using ballistocardiography. This acquisition is a deliberate move by Apple to promote/improve their services and increase their product offerings, particularly in the sleep-tracking space.
In 2019, Eight Sleep introduced the Pod, a smart mattress that regulates its temperature during the night based on your sleeping habits. It also lets you track your sleep and integrate smart home devices like Alexa, Philip Hue smart lights, and Nest.
EarlySense, a pioneer in contact-free continuous monitoring systems, announced in April 2019 the integration of its superior sleep analysis engine and sleep sensor into Real Sleep-in conjunction with KDDI Corporation. This EarlySense sensor is linked to the Real Sleep app, which allows the user’s sleep score, sleep time, and sleeps depth to be precisely measured. This collaboration is part of Japan and Israel’s collaborative research and development.
Regional Insights
Based on factors like the developed health system, the high levels of awareness about the safety of babies, as well as technological advancements, North America is predicted to lead the market. This region is the leader because of the presence of key market players, as well as a strong focus for research and innovation.
With the rising cost of healthcare as well as supportive government policies and an aging number of people, Europe is also a important market. Systems for monitoring beds is highly sought-after because of the focus placed in the region on safety and comfort for patients. Due to factors such as increasing disposable income, population growth and a rise in healthcare expenditure, Asia Pacific has enormous growth potential.
As parents become more conscious of the security and safety of their child and well-being countries such as China as well as India have seen an increase in the demand for baby monitor devices. The growing healthcare infrastructure, the rise in public awareness, and growing use of modern medical technology have created South America, the Middle East and Africa emerging market players in this field.
Segments Covered in the Bed Monitoring System & Baby Monitoring System Market
Bed Monitoring System & Baby Monitoring System Market by Type
- Baby Monitor
- Pressure Ulcer
- Elderly Monitor
- Sleep Monitor
Bed Monitoring System & Baby Monitoring System Market by End User
- Home Care Settings
- Hospitals
- Nursing Homes & Assisted Living Facilities
Bed Monitoring System & Baby Monitoring System Market by Region
- North America
- Asia Pacific
- Europe
- South America
- Middle East and Africa
Frequently asked questions with answers
What is the worth of bed monitoring system & baby monitoring system market?
The bed monitoring system & baby monitoring system market is expected to grow at 8.56 % CAGR from 2023-2030 & to reach above USD 3.10 billion by 2030 from USD 1.91 billion in 2023.
What is the size of the North America bed monitoring system & baby monitoring system industry?
North America held more than 43% of the bed monitoring system & baby monitoring system market revenue share in 2022 and will witness expansion in the forecast period.
What are some of the market's driving forces?
The elderly population is growing, unobtrusive monitoring solutions are becoming more popular, pressure ulcer and fall injury treatment costs are becoming more of a focus, and online product availability and purchases are becoming more common. These factors are the main drivers of this market's growth.
Which are the top companies to hold the market share in bed monitoring system & baby monitoring system market?
The bed monitoring system & baby monitoring system market key players includes Smart Caregiver Corporation, Early Sense, Eight Sleep, EMFIT, Wellsense, Tekscan, Lenovo Group, Sleep Number Corporation, CenTrak, Sano Intelligence.
What is the leading type of bed monitoring system & baby monitoring system market?
The market category for sleep monitoring solutions is anticipated to experience the fastest type-specific growth throughout the course of the forecast. Monitoring and controlling sleep patterns is something that people are becoming more conscious of. Consumers are being pushed to embrace sleep monitoring systems by factors such rising personal disposable income, increased prevalence of sleep-related health issues like obesity, and greater public awareness of sleep as a health concern.
Which is the largest regional market for bed monitoring system & baby monitoring system market?
North America is the largest regional market for bed monitoring system & baby monitoring system market
