SMART BED MARKET - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Market is Segmented by Product (Manual, Semi-automatic, and Fully-automatic), End User (Residential, Hospital, and Other End Users), Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online, and Other Distribution Channels), Geography (North America, Europe, Asia-Pacific, South America, and Middle East & Africa).

Market Snapshot

smart bed market
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR:

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Market Overview

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, 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 less production rate are restraining the market growth.

Scope of the Report

A complete background analysis of the smart bed market, which includes an assessment of the parental market, emerging trends by segments and regional markets, and significant changes in market dynamics and market overview, is covered in the report. The report also features the qualitative and quantitative assessment, by analyzing the data gathered from industry analysts and market participants across key points in the industry’s value chain.

By Product
Manual
Semi-automatic
Fully -automatic
By End User
Residential
Hospital
Other End Users
By Distribution Channel
Supermarkets/Hypermarkets
Specialty Stores
Online
Other Distribution Channels
Geography
North America
Europe
Asia-Pacific
South America
Middle East & Africa

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Key Market Trends

The Hospital Segment is Anticipated to Grow at a Higher Rate

Smart beds used in hospitals are majorly focused on improving patient management and helping a patient recover better. The market has gained significant traction in the healthcare sector, owing to continuous advancement in smart bed technologies, which enable the hospitals to deliver enhanced healthcare service to the patient. The rise in government investments in the hospitals to establish the latest technology equipment, along with smart beds, may lucratively boost the market's growth. The segment is projected to grow at a rapid pace during the forecast period, owing to the shift in patient preference and surge in demand for advanced healthcare facilities. An increase in the incidence of cardiovascular disorders is anticipated to drive the demand for smart beds, as these beds are embedded with integrated cardio monitoring sensors and devices that raise an alarm if a patient has a heart attack.

smart bed market

Asia-Pacific is Expected to Witness the Highest Growth

Asia-Pacific is expected to contribute significantly to the market studied, owing to the rising trend of IoT adoption in the market. The region is the most lucrative market across the world, owing to the emerging economies, such as India and China. Furthermore, product innovations by manufacturers in China, Korea, and Japan are fuelling the growth of the smart bed market in the region. Rise in per capita income in the region is also driving the growth of the market. One of the reasons for Asia-Pacific to become the fastest-growing market is due to the increasing investments in the healthcare industry and its infrastructure.

smart bed market

Competitive Landscape

The report covers major international players operating in the market studied. The market is dominated by players, such as Paramount Bed Co., Stryker Corporation, BodiTrak, Hill Rom Holdings Inc. and others. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Key Deliverables of the Study

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Drivers

    3. 4.3 Restraints

    4. 4.4 Trends Shaping the Smart Bed Market

    5. 4.5 Porter's Five Forces Analysis

    6. 4.6 Industry Value Chain Analysis

    7. 4.7 Regulatory Framework

    8. 4.8 Technological Innovations

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Manual

      2. 5.1.2 Semi-automatic

      3. 5.1.3 Fully -automatic

    2. 5.2 By End User

      1. 5.2.1 Residential

      2. 5.2.2 Hospital

      3. 5.2.3 Other End Users

    3. 5.3 By Distribution Channel

      1. 5.3.1 Supermarkets/Hypermarkets

      2. 5.3.2 Specialty Stores

      3. 5.3.3 Online

      4. 5.3.4 Other Distribution Channels

    4. 5.4 Geography

      1. 5.4.1 North America

      2. 5.4.2 Europe

      3. 5.4.3 Asia-Pacific

      4. 5.4.4 South America

      5. 5.4.5 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Paramount Bed Co.

      2. 6.1.2 Stryker Corporation

      3. 6.1.3 BodiTrak

      4. 6.1.4 ArjoHuntleigh AB

      5. 6.1.5 Hill Rom Holdings Inc.

      6. 6.1.6 Sleepnumber

      7. 6.1.7 Invacare Corporation

      8. 6.1.8 Responsive Surface Technology

      9. 6.1.9 Hi-Interiors SRL

      10. 6.1.10 BAM Labs*

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS ON SMART BED MARKET

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

  9. 9. APPENDIX

**Subject to Availability

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Frequently Asked Questions

The Smart Bed Market market is studied from 2016 - 2026.

The Smart Bed Market is valued at 10% in 2016.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Paramount Bed Co., Stryker Corporation, The BodiTrak, Hill Rom Holdings Inc., Invacare Corporation are the major companies operating in Smart Bed Market.

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