Bed Monitoring System And Baby Monitoring System Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Product Type (Baby Monitoring (Sensor, Wearable), Elderly Monitoring, Pressure Ulcer Monitoring, Sleep Monitoring), By End User (Home care settings, Hospitals, Nursing homes, Assisted Living Facilities), And By Geography - Forecasts From 2023 To 2028

Description

Bed and baby monitoring systems are technical devices that employ a centralized software network to detect sleeping habits. They are available in various types such as smart mattresses embedded in sensors for bedsore monitoring, elderly monitory, sensor pads, sleep monitoring, and baby monitoring.

The market growth is primarily driven by increasing investment in infrastructural development in the healthcare sector. Furthermore, the growing number of patients admitted to hospitals along with the increasing number of sleep disorders cases, have made continuous monitoring systems essential. Technological advancement and continuous product innovation in this field also spur market growth. Other factors such as the growing adoption of obtrusive monitoring solutions, and the rising elderly population are also contributing to the growing demand for bed and baby monitoring systems.

However, the lack of knowledge and acceptance of such types of products especially in developing economies is anticipated to restrain the growth of the bed and baby monitoring systems market during the forecast period.

Rising investment in the healthcare sector to spur market growth

One of the prime factors boosting the growth of bed monitoring and baby monitoring system is the rising investment in infrastructural development in the healthcare sector. Multiple government funds and non-government organizations in healthcare are increasing their investment. For instance, taking the example of India, the healthcare sector in India is expanding at a brisk pace, especially since the government has allowed foreign direct investment (FDI) in the industry. According to the World Health Organization (WHO), in Vietnam for every 1% increase in per capita GDP, public spending on healthcare has surged by 1.7% since 2000. Increasing cases of patients with sleeping disorders have boosted the sales of bed monitoring systems. According to the American Sleep Association, over 50-70 million adults in the U.S. have a sleep disorder.

People are increasingly embracing monitoring systems as a result of growing worried about the safety of babies and easy access to technology. This is expected to have a beneficial impact on market growth. Furthermore, the growing geriatric population prone to chronic diseases such as neurological and cardiovascular disorders is likely to drive market expansion. The integration of advanced technologies such as AI, and IoT and the introduction of smart monitoring systems and real-time data systems will further accelerate the growth of the market. For instance, in February 2019, Eight Sleep unveiled the Pod, a high-tech cutting-edge technology-based bed built exclusively to help people achieve maximum sleep fitness.

North America is anticipated to hold a significant amount of the market share during the forecast period

North America will witness a surge in this market during the projected period. North American region will hold a significant amount of market share in bed monitoring and baby monitoring. The presence of key players in the North American region along with the well-established healthcare including the pharmaceutical region is the few driving factors leading towards the dominance of North America in the bed monitoring and baby monitoring systems market.  The rising admission of patients in hospitals and increasing funding by the government including key healthcare expenditures and lastly the growing awareness of technological developments are regarded to be major reasons which are imperatively driving the North American bed and baby monitoring systems market towards growth. The US is said to account for a higher sales value in the region which is further driven by the presence of multiple healthcare facilities.

Market Key Developments

• In October 2020, Stryker unveiled a new fully wireless hospital bed with a variety of smart patient monitoring capabilities. The ProCuity, which is a collection of beds with varied capacities, was designed to reduce patient falls, assist physicians in efficiently monitoring individuals who are bedridden, and preserve connectivity when the bed is in motion. Stryker's Secure Connect technology, which allows a wireless connection to nursing call systems, is included in ProCuity beds. When the beds are linked, factors such as bed configuration, including the position of side rails, exit alarms, and movement will be streamed to hospital information systems, allowing significant events to be detected and recorded
• In July 2022, Cubo AI released a sleep-tracking pad. This sleep-sensing pad detects breathing patterns and records the baby's sleep data. This smart pad is compatible with the company's award-winning baby monitor, providing parents with complete satisfaction and peace of mind.

Segmentation:

• By Product Type
  • Baby Monitoring
    • Sensor
    • Wearable
  • Elderly Monitoring
  • Pressure Ulcer Monitoring
  • Sleep Monitoring
• By End User
  • Home care settings
  • Hospitals
  • Nursing homes
  • Assisted Living Facilities
• By Geography
  • North America
    • USA
    • Canada
    • Others
  • South America
    • Brazil
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Others
  • Middle East and Africa
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Taiwan
    • Thailand
    • Indonesia
    • Others

Table Of Contents

1. INTRODUCTION

1.1. Market Overview

1.2. COVID-19 Scenario

1.3. Market Definition

1.4. Market Segmentation

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. BED MONITORING AND BABY MONITORING SYSTEM MARKET ANALYSIS, BY PRODUCT TYPE

5.1. Introduction

5.2. Baby Monitoring

5.2.1. Sensor

5.2.2. Wearable

5.3. Elderly monitoring

5.4. Pressure ulcer monitoring

5.5. Sleep monitoring

6. BED MONITORING AND BABY MONITORING SYSTEM MARKET ANALYSIS, BY END-USER

6.1. Introduction

6.2. Homecare settings

6.3. Hospitals

6.4. Nursing home

6.5. Assisted living facilities

7. BED MONITORING AND BABY MONITORING SYSTEM MARKET ANALYSIS, BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. USA

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. Germany

7.4.2. France

7.4.3. United Kingdom

7.4.4. Spain

7.4.5. Others

7.5. Middle East and Africa

7.5.1. Saudi Arabia

7.5.2. UAE

7.5.3. Others

7.6. Asia Pacific

7.6.1. China

7.6.2. Japan

7.6.3. South Korea

7.6.4. India

7.6.5. Taiwan

7.6.6. Thailand

7.6.7. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

9. COMPANY PROFILES

9.1. CenTrak

9.2. Early Sense

9.3. Eight Sleep

9.4. EMFIT

9.5. Lenovo Group

9.6. Sano Intelligence Inc.

9.7. Sleep Number Corporation

9.8. Smart Caregiver Corporation

9.9. Tekscan

9.10. Wellsense 

Companies Profiled

CenTrak

Early Sense 

Eight Sleep 

EMFIT 

Lenovo Group 

Sano Intelligence Inc. 

Sleep Number Corporation 

Smart Caregiver Corporation

Tekscan 

Wellsense 

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