The Smart Bed Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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https://www.thebusinessresearchcompany.com/report/smart-bed-global-market-report
According to The Business Research Company’s Smart Bed Global Market Report 2024, The smart bed market size has grown strongly in recent years. It will grow from $3.11 billion in 2023 to $3.27 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to demand for personalized comfort, aging population and sleep disorders, growth in home healthcare and wellness, awareness of the importance of sleep, expansion of adjustable beds..
The smart bed market size is expected to see strong growth in the next few years. It will grow to $4.29 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to integration with sleep tracking apps and wearables, growth in telehealth and remote patient monitoring, personalized sleep solutions for chronic conditions, demand for ergonomic and pressure-relief beds, global expansion of smart home technology, remote and app-controlled bed adjustments. Major trends in the forecast period include ai-driven sleep optimization and coaching, smart beds with temperature and humidity control, voice and ai-powered sleep assistants, sleep disorders detection and therapy integration, bed designs for co-sleeping and couples, sleep surfaces with biometric monitoring.
Rapid expansion in the hospitality industry is driving the growth of the smart bed market. The hospitality industry is a broad group of businesses such as restaurants, hotels, casinos, amusement parks, resorts, cruises, and others that are involved in providing services to customers. Companies in the hospitality industry are increasingly investing in innovative products to enhance the experience of customers by providing better sleep and maintaining a clean and hygienic environment. For instance, in June 2023, according to Passport Photo Online, a Poland-based online website, in 2022, there were 132,228 hotels and motels in the United States, an 8.3% increase from 2021. Therefore, rapid expansion in the hospitality industry is expected to boost the smart bed market during the forecast period .
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The smart bed market covered in this report is segmented –
1) By Type: Manual, Semi-Automatic, Automatic
2) By Application: Healthcare, Hospitality, Residential, Other Applications
3) By Sales Channel: Supermarket/Hypermarket, Online Stores, Specialty Stores, Other Sales Channels
Technological innovations are the key trends gaining popularity in the smart bed market. The companies operating in the smart med sector are constantly developing new products with advanced technologies and features to increase the quality and sleep time of customers. For instance, in January 2022, The Sleep Company, an India-based company that specializes in sleep-related products launched the elev8 smart adjustable bed. The elevat8 smart adjustable bed offers a comprehensive comfort experience that combines smart technology to improve health and general well-being. It comes with special features such as TV mode, a dual-zone massager for deep relaxation, an anti-snore posture that allows air to flow more freely, zero gravity mode for balanced body comfort, and more that can all be accessed with a single button click .
The smart bed market report table of contents includes:
1. Executive Summary
2. Smart Bed Market Characteristics
3. Smart Bed Market Trends And Strategies
4. Smart Bed Market – Macro Economic Scenario
5. Global Smart Bed Market Size and Growth
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26. South America Smart Bed Market
27. Brazil Smart Bed Market
28. Middle East Smart Bed Market
29. Africa Smart Bed Market
30. Smart Bed Market Competitive Landscape And Company Profiles
Top Major Players:
- Besco Medical Ltd
- BodiTrak Inc
- Hi-Interiors SRL
- Hill-Rom Holdings Inc
- Invacare Corporation
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