Size of Medical Baby Monitoring Devices Market till 2031
Baby monitors are used to monitor the
baby's activities when the parents are not in proximity of the baby. The device
can transmit audio as well as video. A baby monitor, also known as a baby
alarm, offers various features such as home fetal monitors, Doppler fetal
monitor, blood pressure monitoring devices, etc. Baby monitoring devices can be
majorly classified into audio monitors and video monitors. The global medical
baby monitoring devices market is expected to expand at a decent growth rate
during the forecast period, owing to the various benefits offered by these
devices and growing media coverage about safety and security associated with
babies.
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Increase
in Population of Working Parents and Rising Concern about Infant Health and
Safety to Drive Market
Change in lifestyle is leading to the
trend of working parents, who are concerned about the safety of their baby.
Thus, the concept of baby monitors, or monitoring devices, is gaining traction
across the globe. According to the Bureau of Labor Statistics U.S, among the
married-couple families with children in the U.S, 96.5% of families had at
least one of the parent employed in 2021, among which 62.3% of these families
both parents were employed in some or the other work. This had led to an
increase in trend of day care units for babies among working parents who
provide the facility of audio baby monitor as well as video baby monitor and
help working parents take care of babies in the best possible manner. This, in
turn, is driving the demand for medical baby monitoring devices.
Furthermore, awareness about sudden
infant death syndrome (SIDS), more popularly known as ‘cot death,’ is also
fueling the need for baby care products such as baby monitoring systems, child
safety locks, home fetal monitors, baby breathing monitor, etc. Moreover,
ongoing technological trends are helping in the development of smart and
advanced baby monitors such as wearable technology for baby monitoring, infant
blood pressure machine, baby movement monitor, which in turn is further boosting
the demand for smart and best baby monitor devices.
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High
Demand for Video Baby Monitoring Devices to Propel Market
In terms of product type, the global
medical baby monitoring devices market has been split into video baby monitor,
audio baby monitor, and others. The video baby monitor segment is likely to
hold a major share of the market during the forecast period. These monitors are
used when parents want extra assurance and wish to observe their babies while
they are away. These types of baby monitors have a camera with a microphone
that transmits images and sound to the receiver. Some models have portable
screens that can be carried around, while others may need to stay in one place.
Preference for video baby monitoring is
primarily due to the growing disposable income of people and increasing safety
concerns among parents. Several end-use industries operating in the medical
baby monitoring devices market are focusing on new product innovations such as
baby monitors and sensors, infant pulse oximeters, etc., which further augment
their demand.
Wireless
Baby Monitor to Dominate Global Market Demand
The wireless baby monitor segment is
expected to dominate the global medical baby monitor devices market during the
forecasted period. These baby monitors do not have wires and thus are more
useful and practical. These baby monitors use Wi-Fi or Bluetooth to transmit
data to the receiver. This internet baby monitor needs a fast and reliable
internet connection if used on Wi-Fi. These devices can be used in the entire
home or even wider, but also can be harmful for babies due to the exposure to
wireless transmission/radiation.
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Regional
Outlook of Global Medical Baby Monitoring Devices Market
North America holds largest value share
of the global medical baby monitoring devices market owing to increase in per
capital spending on baby care products. U.S. and Canada are among the major
contributors to the increased in demand for these devices in North America.
Increased adoption of e-commerce for shopping is one of the key factors driving
the medical baby monitoring industry growth by making the products easily
available in the region. Moreover, higher rate of adoption of baby monitors in
day care centers is further driving the demand in the region.
The medical baby monitoring devices
market in Europe and Asia Pacific is also expected to grow at a considerable
pace, these regions are expected to offer significant opportunities for key
players in emerging economies.
Analysis
of Key Players in Global Medical Baby Monitoring Devices Market
Majority of the firms operating in the
global medical baby monitoring devices market are spending significantly on
comprehensive research and development activities. Expansion of product
portfolios and mergers and acquisitions are prominent strategies adopted by key
players. Angelcare Monitors, Dorel Industries Inc., Hisense, Motorola
Solutions, Inc, Summer Infant Inc., Snuza, VTech Holdings Limited, Koninklijke
Philips N.V, Windeln.De, Sony Corporation are the prominent entities operating
in the market.
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