NEW YORK, July 26, 2024 /PRNewswire/ -- The
global smart bed market size is estimated to grow by
USD 1.37 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a
CAGR of 8.09% during the forecast period. Increasing investments in
sleep technology is driving market growth, with a trend towards
rising adoption of technology-driven devices. However, presence of
counterfeit products poses a challenge. Key market players
include Arjo AB, Balluga Ltd., Baxter International Inc.,
Besco Medical Ltd., Boyd Sleep, CVB
Inc., Dires LLC, Eight Sleep Inc., Invacare Corp., IOF srl, Joerns
Healthcare LLC, LINET Group SE, PARAMOUNT BED HOLDINGS CO. LTD.,
ReST, Rize Home, SK Furniture and Decoraters, Sleep Number Corp.,
Stryker Corp., The Sleep Co., and Ultimate Smart Bed.
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Application
(Healthcare, Residential, and Hospitality), Distribution Channel
(Offline and Online), and Geography (North America, Europe, APAC,
South America, and Middle East and Africa)
|
Region
Covered
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Key companies
profiled
|
Arjo AB, Balluga Ltd.,
Baxter International Inc., Besco Medical Ltd., Boyd Sleep, CVB
Inc., Dires LLC, Eight Sleep Inc., Invacare Corp., IOF srl, Joerns
Healthcare LLC, LINET Group SE, PARAMOUNT BED HOLDINGS CO. LTD.,
ReST, Rize Home, SK Furniture and Decoraters, Sleep Number Corp.,
Stryker Corp., The Sleep Co., and Ultimate Smart Bed
|
Key Market Trends Fueling Growth
The smart bed market is experiencing significant growth due to
the increasing demand for technology-driven sleep solutions.
Millennials are leading the adoption of these advanced beds, which
offer features like climate control, anti-snoring technology, smart
fabric, automatic firmness adjustment, sleep tracking, IoT, and
smart home connectivity. Notable market players, such as Stryker,
are meeting this demand with innovative products like the ProCuity
smart bed. Equipped with embedded sensors and secure connect
technology, this bed provides wireless patient monitoring and
nursing call system connectivity. The integration of technology in
smart beds will continue to drive market growth throughout the
forecast period.
The Smart Bed market is experiencing significant growth due to
the increasing trend of sleep technology in both residential and
commercial sectors. Homeowners seek quality sleep and are investing
in smart beds for improved comfort and health benefits. Sleep
Number's latest survey reveals that 62% of consumers prefer smart
beds with body temperature regulation. State governments and
patient care facilities in healthcare are adopting these beds for
patient management and recovery. For the hospitality industry,
smart beds offer enhanced healthcare experiences for guests.
Specialty stores, supermarkets, and even hospitality companies are
stocking up on these beds. The young population's focus on
lifestyle diseases and cardiovascular disorders drives the demand
for smart beds with alarm systems and anti-snoring features.
Fully-automatic smart beds with sleep tracking, climate control,
and IoT connectivity are popular. Manual and semi-automatic
adjustable bases with smart fabric technology are also in demand.
The aging population's need for comfort and health benefits fuels
the market's growth. Smart home connectivity, home automation
systems, and luxury bedding are adding to the market's expansion.
Artificial intelligence, machine learning, and big data analytics
are being integrated to personalize user experiences. Voice command
technology is a game-changer, making these beds more accessible and
convenient. Sleep apnea patients benefit from smart beds with alarm
systems and climate control. Heart attack survivors can monitor
their heart rate and body temperature. The market caters to various
needs, from comfort to patient recovery, making it a lucrative
investment for businesses.
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Market Challenges
- The smart bed market is experiencing increasing demand and
growth, attracting counterfeit manufacturers to enter the global
market, particularly in developing countries like India and Indonesia. Counterfeit smart beds, made with
inferior materials and less durability, pose a challenge to market
vendors. The proliferation of e-commerce facilitates the sale and
distribution of these counterfeit products, often indistinguishable
from genuine ones. Counterfeit products' affordability makes them
popular, negatively impacting vendors' pricing and sales
strategies, reducing market shares, and damaging reputations. To
counteract this, vendors invest in advertising and promotional
campaigns to retain and attract customers, but these efforts come
with added costs and reduced profit margins. Counterfeit
manufacturers save significantly on production and transportation
costs, making their products less expensive than genuine ones.
Global vendors aim to penetrate developing markets, where
counterfeit products are prevalent, limiting the growth of the
global smart bed market. This situation necessitates vendors to
lower prices, affecting profitability and sales volume.
- The Smart Bed market is experiencing significant growth due to
increasing demand for enhanced comfort and health benefits.
Commercial purposes, such as patient management and recovery, are
driving sales in healthcare settings. Young population's focus on
lifestyle and sleep health awareness is also fueling the market.
Challenges include delivering optimal user experience, integrating
IoT and smart home connectivity, and catering to the needs of the
aging population and those with cardiovascular disorders. Smart
Beds come in Manual, Semi-automatic, and Fully-automatic versions,
offering features like sleep tracking, climate control, and smart
fabric technology. Adjustable bases, anti-snoring features, and
alarm systems for heart attack prevention are key selling points.
Advanced technologies like artificial intelligence, machine
learning, and big data analytics enhance personalized sleeping
solutions. Voice command and smart home integration are future
trends. Hypermarkets and luxury bedding retailers are key
distribution channels.
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challenges - Download a Sample Report
Segment Overview
This smart bed market report extensively covers market
segmentation by
- Application
- 1.1 Healthcare
- 1.2 Residential
- 1.3 Hospitality
- Distribution Channel
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Healthcare- The global smart bed market is
experiencing growth in the healthcare sector due to the increasing
adoption of these beds for enhanced patient management and
recovery. Smart beds, which include integrated cardiac monitoring
sensors and alert features, are becoming increasingly popular in
hospitals due to automation, advanced patient room technology, and
compatibility among connected devices. The market's expansion is
driven by government investments in hospitals for cutting-edge
technologies, the digital revolution in healthcare, and the rising
prevalence of cardiovascular issues. For instance, Stryker's S3 bed
offers conditional safety elements and a three-zone bed alert
feature. The demand for smart beds is expected to continue growing
as patients seek advanced healthcare facilities and the healthcare
industry evolves.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Learn and explore more about Technavio's in-depth research
reports
The global mattress market is experiencing robust growth, driven
by increasing consumer demand for comfort and health benefits. The
smart mattress market is expanding rapidly, fueled by advancements
in technology and rising interest in sleep optimization. Meanwhile,
the adjustable bed base and bed set market is gaining traction due
to the growing trend of customizable sleep solutions and ergonomic
designs. Together, these segments reflect a dynamic shift in
consumer preferences towards enhanced sleep experiences and
innovative bedding solutions.
Research Analysis
The smart bed market is experiencing significant growth due to
the integration of sleep technology into the realm of smart homes.
These advanced beds prioritize quality sleep for homeowners and
offer various features to enhance comfort and user experience. Some
of these features include body temperature regulation, sleep
tracking, climate control, and adjustable bases. The healthcare
sector, including patient care facilities, is also embracing smart
beds for patient management and recovery, leading to enhanced
healthcare and improved patient outcomes. The young population is
also showing interest in these beds for their health benefits, such
as reducing cardiovascular disorders and aiding in the treatment of
sleep apnea. Smart fabric technology, IoT, and home automation
systems are also contributing to the market's expansion. The alarm
feature ensures a peaceful wake-up experience, making these beds an
attractive investment for both residential and commercial
purposes.
Market Research Overview
The Smart Bed market is experiencing significant growth as sleep
technology integrates with smart homes to prioritize quality sleep
for homeowners. Sleep tracking, climate control, and adjustable
bases are key features, with manual, semi-automatic, and
fully-automatic options available. Smart fabric technology and IoT
integration enhance comfort and user experience. Sleep apnea, heart
attack alarms, and anti-snoring features cater to various health
conditions. State governments and healthcare facilities utilize
these beds for patient management and recovery, while residential
and commercial purposes expand the market reach. The young
population and aging population, with their respective lifestyle
diseases, also contribute to the demand. Personalized sleeping
solutions, adjustable firmness, temperature control, and connected
devices offer health benefits beyond mere comfort. Luxury bedding
and smart home integration further elevate the market, with voice
command and big data analytics adding to the technological
advancements.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Healthcare
- Residential
- Hospitality
- Distribution Channel
-
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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