For first time parents, no price can be placed on the knowledge that your bundle of joy is in good health and out of harms way. Introduce Owlet, the nighttime baby-monitoring device that helps worried parents keep tabs on their baby's vital signs while they sleep.

The wearable device comes in the form of a slip over sock. Using noninvasive technology, the 'SmartSock' measures medical diagnostics such as heart rate, oxygen levels, sleep and temperature, while also giving parents updates on the baby's sleeping position, presenting this information via a slick and well designed smartphone app. Designed with newborns in mind, the 'SmartSock' is adjustable to grow with the baby until 12 months, providing parents with peace of mind and a decent nights sleep in that turbulent first year.

Much like Rideye, which we covered a few days ago, the team behind Owlet are dedicated to finding a tangible solution for a real issue with their innovative design. Having already surpassed its Kickstarter target of £100,000, Owlet is clearly part of a growing demand for functional and practical wearable tech.