Market Size of Smart Bed Industry
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 3.02 Billion |
| Market Size (2029) | USD 3.81 Billion |
| CAGR (2024 - 2029) | 4.80 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Smart Bed Market Analysis
The Smart Bed Market size is estimated at USD 3.02 billion in 2024, and is expected to reach USD 3.81 billion by 2029, growing at a CAGR of 4.80% during the forecast period (2024-2029).
COVID-19 has had an exceptional and catastrophic worldwide impact, with smart bed products having a beneficial influence across all regions during the epidemic.
Smart beds are available for residential and commercial purposes, with a range of features that can enhance the user experience in ways not possible otherwise. The demand for a higher level of comfort from the developed areas is driving the market studied. Smart beds meet such demand by helping users sleep better.
The rising adoption of smart beds in the healthcare sector is impelling the growth of the smart bed market, as they offer benefits, such as enhanced and intensive care of patients in hospitals and health benefits for residential consumers. New entrants can have a glimpse of the advancements in this emerging market. The semi-automatic type segment is leveraging the growth of the market.
The growing young population and rise in disposable income are mainly driving the growth of the market. However, a lack of expertise in manufacturing smart beds in various regions is a drawback for market growth. The low availability of these beds in the stores and lower production rates restrain the market growth.
