Global Bed Monitoring System and Baby Monitoring System Industry (2020 to 2027) - Key Market Trends and Drivers
DUBLIN, April 6, 2021 /PRNewswire/ -- 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.
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.
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