Bed Monitoring System & Baby Monitoring System Market Worth $1.9 Billion by 2024 - Exclusive Report by MarketsandMarkets™

News provided by

Jun 04, 2019, 09:30 ET

CHICAGO, June 4, 2019 /PRNewswire/ -- According to the new market research report "Bed Monitoring System & Baby Monitoring System Market by Type (Baby Monitor (Sensor & Wearable), Pressure Ulcer, Elderly Monitor (Fall Prevention), Sleep Monitor), End User (Home Care, Nursing Home & Assisted Living Facilities) - Global Forecast to 2024", published by MarketsandMarkets™, the Bed Monitoring System & Baby Monitoring System Market is expected to grow from USD 1.3 billion in 2019 to USD 1.9 billion by 2024, at a CAGR of 7.9% during the forecast period.

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=62445948

The overall Bed Monitoring System & Baby Monitoring System Market is expected to grow rapidly owing to increasing investments in healthcare infrastructural development, increasing elderly population, rising adoption of unobtrusive monitoring solutions, increasing focus on reducing the cost of pressure ulcer & fall injuries treatment and increasing online availability & purchase of products. However, lack of awareness and acceptance of the products in developing countries is expected to restrain the growth of this market during the forecast period.

Baby monitoring segment accounted for the largest share of the Bed Monitoring System & Baby Monitoring System Market in 2018

Based on type, the Bed Monitoring System & Baby Monitoring System Market is divided into baby monitoring, elderly monitoring, bedsore monitoring, and sleep monitoring. The baby monitoring segment accounted for the largest share of the Bed Monitoring System & Baby Monitoring System Market in 2018. The large share of this segment is attributed the availability of new products, increasing awareness among parents, and growing adoption of baby monitors in homecare settings.

Browse in-depth TOC on "Bed Monitoring System & Baby Monitoring System Market"

22 – Tables

13 – Figures

86 – Pages

The homecare settings end-user segment is expected to grow in the near future

By end-user type, the Bed Monitoring System & Baby Monitoring System Market is segmented into homecare settings, hospitals, nursing home, and assisted living facilities. The homecare settings segment dominated the Bed Monitoring System & Baby Monitoring System Market in 2018. This segment is expected to grow at the highest rate during the forecast period, mainly due to the increasing use of sleep monitoring devices and baby monitors in homecare settings and the growing adoption for unobtrusive monitors in home care for the elderly population.

The APAC market is projected to grow at the highest rate during the forecast period.

In 2018, North America held the largest share of the Bed Monitoring System & Baby Monitoring System Market. However, Asia Pacific is estimated to grow at the highest CAGR during the forecast period. The rapid growth in the healthcare industry, widespread policy reforms, the rapidly growing middle-class population with increasing purchasing power, and significant investments in infrastructural development are supporting the growth of the Asia Pacific Bed Monitoring System & Baby Monitoring System Market.

Request Research Sample Pages:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=62445948

The prominent players in the Bed Monitoring System & Baby Monitoring System Market are Early Sense (US), EMFIT (Finland), Eight Sleep (US), Smart Caregiver Corporation (US), Wellsense (US), Tekscan (US), Lenovo Group (Hong Kong) and Sleep Number Corporation (US).

Browse Adjacent Markets: Medical Devices Market Research Reports & Consulting

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441

Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/bed-baby-monitoring-system-market.asp

Visit Our Website: https://www.marketsandmarkets.com

SOURCE MarketsandMarkets