Early Sense (US) and Eight Sleep (US) are Leading Players in Bed Monitoring System & Baby Monitoring System Market
The global bed monitoring system & baby 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. Increased investments in healthcare infrastructural development, increasing elderly population, rising adoption of unobtrusive monitoring solutions, increasing focus on reducing the cost of pressure ulcer and fall injuries treatment and increasing online availability and purchase of products are some major factors driving the growth of this market segment.
The prominent players in this market are Early Sense (US), EMFIT (Finland), Eight Sleep (US), Smart Caregiver Corporation (US), Wellsense (US), Tekscan (US), Lenovo Group (Hong Kong) and Sleep Number Corporation (US). The major strategy adopted by these is new product launches to increase their presence and reach in the bed monitoring system & bed monitoring system market.
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Early Sense (US) is one of the leading players in the global bed monitoring system & bed monitoring system market. The company manufactures contact-less, integrated solutions that monitor heart rate, respiratory rate, and motion of patients to help early detection of patient deterioration, prevent falls, and prevent pressure ulcers in hospitals and nursing homes. Early Sense is backed by lead investors such as Wells Fargo Strategic Capital, Pitango Venture Capital, CE Ventures, and JK&B Capital. 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. These strategies will further enable the expansion of Early Sense in the global s bed monitoring system & bed monitoring system market.
Eight Sleep (US) is one of the leading manufacturers of smart mattresses and smart sensor pads that helps in sleep tracking and improves sleep habits. The company’s products are focused on sleep analysis and monitoring to provide personalized analytics for helping its customers understand their sleep patterns and enable them to get more comfortable and improved sleep. In February 2019, the company launched the Eight Sleep Pod, a smart bed designed to improve sleep through dynamic temperature control along with sleep tracking. Through its unique product portfolio of smart sleep monitoring solutions, the company has established itself as a strong business platform in this market.
Lenovo Group (Hong Kong) operates in the largest segment of the bed monitoring system & bed monitoring system market, namely, baby monitoring solutions. In 2014, Lenovo Group acquired Motorola Mobility. Motorola Mobility’s portfolio includes a wide range of baby monitors with different functionalities. Products offered include motion baby motion monitors, baby audio-visual monitors, and baby audio monitors. The company operates in the bed monitoring system market through the Intelligent Devices Group encompassing PC and Smart Devices (PCSD) segment. With a broad product portfolio of baby monitoring solutions and strong distribution network across North America, Europe, and the Middle East, China, and other Asia Pacific countries, the company continues to establish its footprint worldwide.
Related Reports:
Bed Monitoring System & Baby Monitoring System Market by Type (Baby Monitor (Sensor & Wearable), Pressure Ulcer, Elderly Monitor (Fall Prevention), Sleep Monitor), End User (Home Care, Nursing Home & Assisted Living Facilities) - Global Forecast to 2024
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