According to a new
market research report published by Credence Research “Bed
Monitoring System & Baby Monitoring System Market (Product –
Pressure Ulcer, Baby monitoring, Elderly Monitoring, Sleep Monitoring;
Application –Homecare, Nursing Homes and Assisted Living Facilities) – Growth,
Future Prospects and Competitive Analysis, 2019 - 2027”, the overall bed
monitoring system & baby monitoring system market worldwide is set to grow
with a CAGR of 8.5% during the forecast period and was valued at USD 1.19 Bn in
2018.
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Full Report Originally Published by Credence Research @ https://www.credenceresearch.com/report/bed-monitoring-system-and-baby-monitoring-system-market
Market Insights
The overall bed
monitoring system & baby monitoring system market is highly driven by the
rapidly growing demand for effective healthcare infrastructure. Backed by
increasing investments in healthcare, increase in numbers of senior residents
and young working class the sales of bed monitoring system & baby
monitoring system equipment shall be on a rise. Due to growing concern of
people towards the security of babies coupled with ease of access to
technology, the people are widely accepting these products. As a result of
these features, we are expecting high growth in bed monitoring system &
baby monitoring system market during the forecast period.
Based on application,
homecare segment led the market with a significant contribution in bed
monitoring system & baby monitoring system market revenue. The large share
of this segment is attributed to the availability of new products, increased
awareness among parents, and the rising adoption of baby monitors in homecare
settings. The incraesed popularity of baby monitors as a vital parenting
product and the development of advanced bed monitoring systems has encouraged
the demand for these products in the homecare segment. On account of all these
factors, we are expecting the homecare segment to continue led the market
throughout the forecast period.
You
can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/59939
Based on the geography,
North America dominates the market for bed monitoring system & baby
monitoring system. With increasing adoption of technological products in North
America, the region has the highest market share. Asia Pacific is set to
demonstrate the fastest growth in the market over the forecast period. Rising disposable
income and changes in lifestyle of people is driving the growth of the bed
monitoring system & baby monitoring system market. Further, the growth of
healthcare infrastructure in the region is driving the growth for the bed
monitoring system & baby monitoring system market. As a result of these
factors, we are expecting Asia Pacific to grow with the highest CAGR during the
forecast period.
Some of the major
companies profiled in the report include Smart Caregiver Corporation, Early
Sense, Eight Sleep, EMFIT, Wellsense, Tekscan, Lenovo Group, Sleep Number
Corporation and others.
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(Original Publisher)
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