Worldwide Bed Monitoring System and Baby Monitoring System Industry to 2027 - Impact of COVID-19 on the Market

Dublin, April 01, 2021 (GLOBE NEWSWIRE) -- The "Bed Monitoring System and Baby Monitoring System - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Bed Monitoring System and Baby Monitoring System estimated at US$ 1.4 Billion in the year 2020, is projected to reach a revised size of US$ 2.1 Billion by 2027, growing at a CAGR of 6.7% over the analysis period 2020-2027.

Baby Monitoring, one of the segments analyzed in the report, is projected to record a 6.7% CAGR and reach US$ 910.7 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Elderly Monitoring segment is readjusted to a revised 6.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $368.2 Million, While China is Forecast to Grow at 10.2% CAGR

The Bed Monitoring System and Baby Monitoring System market in the U.S. is estimated at US$ 368.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$ 463.7 Million by the year 2027 trailing a CAGR of 10.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Bedsore Monitoring Segment to Record 6% CAGR

In the global Bedsore Monitoring segment, USA, Canada, Japan, China and Europe will drive the 5.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$ 182.6 Million in the year 2020 will reach a projected size of US$ 265.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$ 291.2 Million by the year 2027, while Latin America will expand at a 7.2% CAGR through the analysis period.

Select Competitors (Total 36 Featured):

• Early Sense

• Eight Sleep

• EMFIT

• Lenovo Group

• Sleep Number Corporation

• Smart Caregiver Corporation

• Tekscan

• Wellsense

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights

• World Market Trajectories

• Impact of Covid-19 and a Looming Global Recession

• Global Competitor Market Shares

• Bed Monitoring System and Baby Monitoring System Competitor Market Share Scenario Worldwide (in %): E

• Global Competitor Market Shares by Segment

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

• UNITED STATES

• Market Facts & Figures

• Market Analytics

• CANADA

• JAPAN

• CHINA

• EUROPE

• Market Facts & Figures

• Market Analytics

• FRANCE

• GERMANY

• ITALY

• UNITED KINGDOM

• SPAIN

• RUSSIA

• REST OF EUROPE

• ASIA-PACIFIC

• AUSTRALIA

• INDIA

• SOUTH KOREA

• REST OF ASIA-PACIFIC

• LATIN AMERICA

• ARGENTINA

• BRAZIL

• MEXICO

• REST OF LATIN AMERICA

• MIDDLE EAST

• IRAN

• ISRAEL

• SAUDI ARABIA

• UNITED ARAB EMIRATES

• REST OF MIDDLE EAST

• AFRICA

IV. COMPETITION

• Total Companies Profiled: 36

For more information about this report visit https://www.researchandmarkets.com/r/jeol1u

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