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Steady Expansion Forecast for Bed Monitoring System & Baby Monitoring System Market, Projected to Reach $3.24 Billion by 2029
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Bed Monitoring System & Baby Monitoring System Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market encompassing bed monitoring and baby monitoring systems has experienced robust expansion lately, projected to increase its valuation from $2.03 billion in the year 2024 to $2.2 billion the following year, reflecting a compound annual growth rate (CAGR) of 8.4%, with the historical upward trend being fueled by factors such as the increasing elderly demographic, escalating healthcare spending, the necessity for regulatory adherence, efforts to enhance patient security, and an uptick in birth statistics.
Bed Monitoring System & Baby Monitoring System Market Size Forecast: What's the Projected Valuation by 2029?
Anticipation is high for significant expansion within the market encompassing both bed monitoring and baby monitoring apparatus over the coming years, projecting a valuation of $3.24 billion by 2029, supported by a compound annual growth rate (CAGR) reaching 10.2%; this upward trajectory is fundamentally driven by factors such as the desire for greater parental ease, escalating safety anxieties, the increasing prevalence of parents entering the workforce, and ongoing swift urbanization, while key developments shaping this sector involve the incorporation of telehealth services, advancements in wireless communication, the utilization of AI for deeper insights, improvements in camera capabilities, and the implementation of systems designed for fall detection and subsequent prevention.
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What Are the Drivers Transforming the Bed Monitoring System & Baby Monitoring System Market?
Anticipated increases in funding directed toward healthcare infrastructure enhancements are projected to stimulate the expansion of the market segments for bed monitoring systems and baby monitoring systems moving ahead. Various governmental bodies worldwide are initiating numerous programs focused on hospital infrastructure investment to advance medical care capabilities in underserved regions, thereby generating a need for both bed and baby monitoring apparatus. A specific illustration comes from the United States, where, as reported by the Commonwealth Fund Commission, the US administration put forth the Build Back Better Act (BBBA), allocating over $2 billion to foundational public health infrastructure, which will enhance the health system's capacity to manage environmental hazards as well as infectious and long-term diseases. Within the scope of the BBBA, funding for the Centers for Disease Control and Prevention (CDC) public health initiatives is slated to include $100 million in 2022, followed by $150 million in 2023, and subsequently $500 million across the 2024 to 2026 period; consequently, this rising commitment to improving healthcare infrastructure acts as a key driver propelling the market for bed monitoring systems and baby monitoring systems.
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What Long-Term Trends Will Define the Future of the Bed Monitoring System & Baby Monitoring System Market?
Pervasive technological progress stands out as the dominant pattern accelerating adoption within both the bed surveillance system and infant monitoring system arenas. Leading enterprises involved in these segments are concentrating their efforts on deploying novel technical solutions as a means to solidify their market standing. Illustratively, a notable development occurred in August 2023 when Dozee, in collaboration with Midmark India, unveiled the subcontinent's inaugural integrated bed solution designed to automate the tracking of patients situated in hospital beds. This recent introduction provides substantial utility for overseeing beds located in high dependency units, transitional intensive care areas, and standard ward settings. The technology itself relies upon cloud computing and artificial intelligence infrastructure, incorporating advanced sensors for continuous patient observation.
Which Segments in the Bed Monitoring System & Baby Monitoring System Market Offer the Most Profit Potential?
The bed monitoring system & baby monitoring systemmarket covered in this report is segmented -
1) By Type: Bedsore Monitoring Solutions; Baby Monitoring Solutions; Elderly Monitoring Solutions; Sleep Monitoring Solutions
2) By End-User: Homecare Settings; Hospitals; Nursing Home; Assisted Living Facilities
Subsegments:
1) By Edsore Monitoring Solutions: Pressure Mapping Systems; Wearable Sensors; Smart Mattresses
2) By Baby Monitoring Solutions: Video Baby Monitors; Audio Baby Monitors; Wearable Baby Monitors
3) By Elderly Monitoring Solutions: Fall Detection Systems; Health Monitoring Wearables; Remote Monitoring Systems
4) By Sleep Monitoring Solutions: Sleep Trackers; Smart Mattresses; Sleep Apnea Monitors
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Which Firms Dominate the Bed Monitoring System & Baby Monitoring System Market by Market Share and Revenue in 2025?
Major companies operating in the bed monitoring system & baby monitoring system market include Wellsens Inc., XSENSOR Technology Corporation, SensorCare Systems Ltd., Smart Caregiver Corporation, Eight Sleep Inc., Infant Optics Inc., Koninklijke Philips N.V., VTech Communications Inc., Nanit Inc., iBaby Labs Inc., Withings Inc., Hisense Ltd., Motorola Mobility LLC., Emfit Ltd., EarlySense Inc., Tekscan Inc., Sleep Number Corporation, Angelcare Monitors Inc., Owlet Baby Care Inc., Samsung Electronics Co. Ltd., Summer Infant Inc., Levana LLC, Safety 1st Inc., Mobi Technologies Inc., Graco Children's Products Inc., Lorex Technology Inc., Arlo Technologies Inc., Cocoon Cam Inc., Lollipop Baby Camera Inc., Cubo AI Inc., MonDevices Inc., Bluebell Baby Inc.
Which Regions Offer the Highest Growth Potential in the Bed Monitoring System & Baby Monitoring System Market?
North America was the largest region in the bed monitoring system and baby monitoring system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bed monitoring system & baby monitoring system market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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