Global Bed Monitoring Systems and Baby Monitoring Systems Market to Reach US$1.8 Billion by the Year 2026

The Bed Monitoring Systems and Baby Monitoring Systems market in the U.S. is estimated at US$411.4 Million in the year 2022. The country currently accounts for a 29.45% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$210 Million in the year 2026 trailing a CAGR of 8.3% through the analysis period.

Growth in the global market is mainly attributed to rising aging population, increasing uptake of unobtrusive monitoring options and growing investment in development of the healthcare infrastructure. The market is powered by immense popularity of baby monitoring solutions, on-going efforts to prevent fall injuries and pressure ulcers, and explosion of the e-commerce.

In recent years, a large number of clinical settings and hospitals have embraced continuous monitoring systems to track respiratory and heart rates of patients in real-time. Powered by latest technology such as the Internet of Things (IoT) and artificial intelligence, these devices deliver enhanced features and are gaining increasing traction from high incident of chronic medical conditions.

While increasing uptake of baby monitors is driving demand, strong emphasis on sleep monitors to analyze sleep patterns, mainly in homecare settings, is providing notable revenue boost to the market. In addition, the availability of smart bed monitoring systems along with increasing incidence of sleep disorders is bolstering the market growth.

Increasing geriatric population that is susceptible to various chronic conditions, falls and associated medical complications is expected to propel global demand for these devices. The global market for baby monitoring devices holds a bright outlook on account of confluence of numerous favorable factors like increasing disposable incomes and rising improving living standards, mainly across developing economic. The market growth is bolstered by proliferation of nuclear families, increasing global population and rapid westernization.

Amid the COVID-19 crisis, the global market for Bed Monitoring Systems and Baby Monitoring Systems estimated at US$1.4 Billion in the year 2022, is projected to reach a revised size of US$1.8 Billion by 2026, growing at a CAGR of 6.6% over the analysis period.