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.
Market Size
The global Bed 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.
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“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 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.
Recent Developments
• In 2019, Hill-Rom and Wells Fargo Strategic Capital raised USD 39 million to accelerate the global expansion of Early Sense’s contact-free sensing and analytics solution.
• In 2019, Eight Sleep launched the Eight Sleep Pod, a smart bed for sleep tracking with dynamic temperature control.
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