Global Smart Bed Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Smart Bed Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global smart bed market has been segmented on the basis of application, distribution channel, as well as regions and countries.
A smart bed is a bed that utilizes various sensors, as well as other innovative advancements to collate data on an individual’s sleep patterns. It then uses the same information to self-adjust to optimal settings to facilitate a better sleep in the user. Moreover, this data can be accessed through a plethora of devices in form of a comprehensive report, and additional tips can be shared to achieve a desired outcome.
The increasing importance of sleep, especially among working individuals who lead hectic lifestyles, as well as the growing popularity of smart homes, are gradually leading to a higher adoption of smart beds across the world. These major factors are expected to play a crucial role in boosting the revenue growth of the global smart bed market over the next 10 years. Achieving the optimal amount of sleep required by each individual increases productivity, reduces the occurrence of illnesses, pain, lowers the incidence of sleep disorders, and generally makes people happier.
The steady rise in the adoption of technology-driven devices that can compile crucial information about an individual is quickly gaining traction, resulting in a higher demand for these products. Furthermore, advancements in IoT applications are slated to accelerate the rising penetration of smart beds among user industries, such as the healthcare industry, thereby resulting in increased revenue growth of the global smart bed market in the coming years.
Global lockdowns enforced as a direct result of the COVID-19 outbreak, has led to an abrupt halt in the manufacturing and supply operations of this industry, which is further anticipated to have a negative impact on the market growth of this industry in the near future.
Segmentation of the global smart bed market is as follows:
On the basis of application, the residential application segment accounted for the highest number of revenue shares of the global smart bed market in 2019, owing to higher spending on health-related comforts by individuals as a result of improving standards of living. The hospital application segment is anticipated to register the fastest rate of revenue growth over the forecast period, as a result of its increasing adoption at these medical facilities due to the numerous advantages they offer.
In terms of distribution channel, the specialty store distribution channel segment accounted for the maximum number of revenue shares of the global smart bed market in 2019, due to the numerous benefits that consumers can avail such as, the presence of skilled assistance, a vast range of products, as well as the immediate shipping of products, among others. The online distribution channel segment is slated to expand at the fastest rate of revenue growth in the coming years, due to the increasing penetration of the internet and smartphones.
Regional Segmentation and Analysis:
North America accounted for the highest number of revenue shares of the global smart bed market in 2019. The markets in the Asia Pacific however, are slated to index the fastest rate of revenue growth in the near future, due to robust urbanization, as well as higher disposable incomes of individuals in this region.
Segmentation of the Global Smart Bed Market:
Segmentation by Application:
Segmentation by Distribution Channel:
- Specialty Stores
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Paramount Bed Co. Ltd.
- Sleep Number Corporation
- Ascion LLC.
- Hi-Interiors srl
- Ultimate Smart Bed
- Stryker Corporation
- The BodiTrak (Vista Medical Ltd.)
- Hill Rom Holdings Inc.
- Invacare Corporation
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