Smart Bed Market
Smart Bed Market Forecasts to 2030 - Global Analysis By Type (Automatic, Semi-Automatic and Manual), Distribution Channel, Application and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $2.69 BN |
|
Projected Year Value (2030) |
US $4.00 BN |
|
CAGR (2023 - 2030) |
5.8% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Smart Bed Market is accounted for $2.69 billion in 2023 and is expected to reach $4.00 billion by 2030 growing at a CAGR of 5.8% during the forecast period. A technologically enhanced bed with numerous features and sensors to monitor sleep patterns, increase overall comfort, and improve the quality of sleep is called a ""smart bed."" These beds use contemporary technology to give individualized sleep experiences and collect information to reveal patterns in sleep behaviour. In order to detect movement, heart rate, breathing patterns, and length of sleep, smart mattresses frequently have sensors built into the mattress or the bed frame. These sensors gather information to assess the quality of sleep and offer suggestions for improving sleep habits which boost the growth of the market.
According to United Nation UNCTAD, More than half of the global population lives in cities and the global urbanization rate is 55.7%. Furthermore, exponential increase in population growth rate boosts the demand of smart beds.
Market Dynamics:
Driver:
Rising awareness of sleep health
Customer awareness of the benefits of sleep health has prompted them to look for methods to get better sleep. With the help of functions like temperature control, programmable sleeping positions, and adjustable firmness, users of smart beds may customize their resting environments to make them more comfortable. This personalization helps to improve general wellbeing and the quality of sleep. Healthcare providers frequently advise using sleep-tracking devices or purchasing sophisticated sleep systems. Thus, all the above factors boost the growth of the market.
Restraint:
High cost of smart beds
For many customers, the main drawback of high prices is that they restrict their access to smart beds, due of their high cost; many people cannot afford these beds, which reduces the number of potential customers and restricts market penetration. Producers of expensive smart beds may find it harder to compete with less expensive makers of similar products and competitors may gain a bigger market share if they provide more reasonably priced products with comparable or marginally fewer features. In the long run, these tactics could support increased market expansion and adoption.
Opportunity:
Increased demand for sleep-tracking technology
The market for sleep monitoring devices has spurred innovation in the creation of smart bed designs. In order to precisely track several sleep metrics like sleep duration, sleep stages, heart rate variability, breathing patterns, and movement during sleep, manufacturers are incorporating increasingly complex sensors and monitoring capabilities into smart beds. Moreover, customers are becoming more and more curious about getting specific insights into their sleeping habits and behaviours. Users can make educated decisions to enhance their sleep patterns and general well-being by using smart beds with powerful sleep-tracking tools, which give users extensive data and analysis about the quality of their sleep.
Threat:
Complexity and user interface
Potential customers may be discouraged from buying smart beds by features that are too complicated or challenging to use. Lower acceptance rates and slower market expansion could result from consumers finding it difficult to comprehend or use the bed's features. Users may become frustrated and lose interest in the product if they have trouble navigating features, changing settings, or comprehending controls. User interface problems may result in increased expenses for manufacturers when it comes to customer service and training. The cost of manufacturer support could go up if customers need more help or instruction to comprehend and utilize the capabilities of the bed.
Covid-19 Impact
The pandemic highlighted how crucial a strong healthcare system is. The need for sophisticated medical technology, like as smart beds, has developed in hospitals and other healthcare institutions in order to accommodate the growing number of COVID-19 patients and improve patient care. Solutions for remote surveillance were in high demand because of worries about limiting direct contact and slowing the virus's transmission. Smart beds with remote monitoring features attracted attention because they made it possible for medical professionals to monitor patient data from a distance, decreasing the need for frequent in-person contacts and improving infection control procedures.
The automatic segment is expected to be the largest during the forecast period
The automatic segment is estimated to have a lucrative growth, due to a subset that specializes on beds with automation characteristics. These beds provide consumers with increased convenience, customization, and functionality through the use of automation and cutting-edge technology. These beds frequently have sensors and responsive technology built in to sense changes in the way the user moves or positions them while they sleep. This allows the bed to automatically adjust to provide the best possible support and comfort all night long and a lot of automatic smart beds come with voice control or smart home assistant integration, so customers may use voice commands to change the temperature or position of the bed thus enhancing the growth of the market.
The hospital segment is expected to have the highest CAGR during the forecast period
The hospital segment is anticipated to witness the highest CAGR growth during the forecast period, because hospital smart beds frequently have sensors that track body postures, vital signs, and patient movements. In order to improve patient safety, these sensors can notify medical personnel if a patient tries to get out of bed or if there are any indications of possible dangers, like pressure ulcers or falls. Smart beds with built-in monitoring systems allow hospitals to remotely gather patient data. Healthcare professionals can keep an eye on their patients' status even when they are not physically there by using this data, which can include vital signs, movement, sleep habits, and other metrics.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period due to significant home remodeling projects that consumers have undertaken as a result of the region's fast urbanization, China holds a large market share in the area, and the region's population's rising purchasing power is driving up demand for smart beds. Asia Pacific has been leading global technological trends and advancing digital transformation over the last few years. These behemoths of technology are setting the standard for smart devices and home automation. It is projected that these market trends would increase demand for intelligent clocks in this region
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to to a number of causes, including the increased use of smartphones, rising internet usage, and rising mobile cellular subscriptions. People are demanding better sleep patterns due to a number of sleep-related ailments that are common in the United States. 50–70 million adults in the United States suffer from a sleep issue, according to the American Sleep Association. Moreover, obstructive sleep apnea affects over 25.0 million persons in the United State thereby boosting the growth of the market.
Key players in the market
Some of the key players profiled in the Smart Bed Market include Paramount Bed Holdings Co., Ltd., Johnson & Johnson Inc., Hi-Interiors Srl, Sleep Number Corporation, Stryker Corporation, Arjo AB, Joerns Healthcare LLC, ReST, BodiTrak, Hill-Rom Holdings Inc., Invacare Corporation, Responsive Surface Technology, BAM Labs, Vista Medical, Ascion LLC and LINET spol. s r.o.
Key Developments:
In November 2023, Ethicon*, a Johnson & Johnson MedTech company**, today announced the approval of ETHIZIATM, an adjunctive hemostat solution which has been clinically proven to achieve sustained hemostasis in difficult to control bleeding situations.
In October 2023, Sleep number unveils new research linking sleep abnormalities with risk of heart failure. Data presented show results of a study in collaboration with investigators at Mayo Clinic
In April 2023, Sleep Number Launches “Sleep Next Level” Campaign, Starring Gabrielle Union and Dwyane Wade. The new films debut the brand’s strategic partnership with global creative agency 72andSunny.
Types Covered:
• Automatic
• Semi-Automatic
• Manual
Distribution Channels Covered:
• Specialty Stores
• Supermarket/Hypermarket
• Online
• Other Distribution Channels
Applications Covered:
• Hospital
• Residential
• Hospitality
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Smart Bed Market, By Type
5.1 Introduction
5.2 Automatic
5.3 Semi-Automatic
5.4 Manual
6 Global Smart Bed Market, By Distribution Channel
6.1 Introduction
6.2 Specialty Stores
6.3 Supermarket/Hypermarket
6.4 Online
6.5 Other Distribution Channels
7 Global Smart Bed Market, By Application
7.1 Introduction
7.2 Hospital
7.3 Residential
7.4 Hospitality
7.5 Other Applications
8 Global Smart Bed Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.8 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Paramount Bed Holdings Co., Ltd.
10.2 Johnson & Johnson Inc.
10.3 Hi-Interiors Srl
10.4 Sleep Number Corporation
10.5 Stryker Corporation
10.6 Arjo AB
10.7 Joerns Healthcare LLC
10.8 ReST
10.9 BodiTrak
10.10 Hill-Rom Holdings Inc.
10.11 Invacare Corporation
10.12 Responsive Surface Technology
10.13 BAM Labs
10.14 Vista Medical
10.15 Ascion LLC
10.16 LINET spol. s r.o.
List of Tables
1 Global Smart Bed Market Outlook, By Region (2021-2030) ($MN)
2 Global Smart Bed Market Outlook, By Type (2021-2030) ($MN)
3 Global Smart Bed Market Outlook, By Automatic (2021-2030) ($MN)
4 Global Smart Bed Market Outlook, By Semi-Automatic (2021-2030) ($MN)
5 Global Smart Bed Market Outlook, By Manual (2021-2030) ($MN)
6 Global Smart Bed Market Outlook, By Distribution Channel (2021-2030) ($MN)
7 Global Smart Bed Market Outlook, By Specialty Stores (2021-2030) ($MN)
8 Global Smart Bed Market Outlook, By Supermarket/Hypermarket (2021-2030) ($MN)
9 Global Smart Bed Market Outlook, By Online (2021-2030) ($MN)
10 Global Smart Bed Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
11 Global Smart Bed Market Outlook, By Application (2021-2030) ($MN)
12 Global Smart Bed Market Outlook, By Hospital (2021-2030) ($MN)
13 Global Smart Bed Market Outlook, By Residential (2021-2030) ($MN)
14 Global Smart Bed Market Outlook, By Hospitality (2021-2030) ($MN)
15 Global Smart Bed Market Outlook, By Other Applications (2021-2030) ($MN)
16 North America Smart Bed Market Outlook, By Country (2021-2030) ($MN)
17 North America Smart Bed Market Outlook, By Type (2021-2030) ($MN)
18 North America Smart Bed Market Outlook, By Automatic (2021-2030) ($MN)
19 North America Smart Bed Market Outlook, By Semi-Automatic (2021-2030) ($MN)
20 North America Smart Bed Market Outlook, By Manual (2021-2030) ($MN)
21 North America Smart Bed Market Outlook, By Distribution Channel (2021-2030) ($MN)
22 North America Smart Bed Market Outlook, By Specialty Stores (2021-2030) ($MN)
23 North America Smart Bed Market Outlook, By Supermarket/Hypermarket (2021-2030) ($MN)
24 North America Smart Bed Market Outlook, By Online (2021-2030) ($MN)
25 North America Smart Bed Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
26 North America Smart Bed Market Outlook, By Application (2021-2030) ($MN)
27 North America Smart Bed Market Outlook, By Hospital (2021-2030) ($MN)
28 North America Smart Bed Market Outlook, By Residential (2021-2030) ($MN)
29 North America Smart Bed Market Outlook, By Hospitality (2021-2030) ($MN)
30 North America Smart Bed Market Outlook, By Other Applications (2021-2030) ($MN)
31 Europe Smart Bed Market Outlook, By Country (2021-2030) ($MN)
32 Europe Smart Bed Market Outlook, By Type (2021-2030) ($MN)
33 Europe Smart Bed Market Outlook, By Automatic (2021-2030) ($MN)
34 Europe Smart Bed Market Outlook, By Semi-Automatic (2021-2030) ($MN)
35 Europe Smart Bed Market Outlook, By Manual (2021-2030) ($MN)
36 Europe Smart Bed Market Outlook, By Distribution Channel (2021-2030) ($MN)
37 Europe Smart Bed Market Outlook, By Specialty Stores (2021-2030) ($MN)
38 Europe Smart Bed Market Outlook, By Supermarket/Hypermarket (2021-2030) ($MN)
39 Europe Smart Bed Market Outlook, By Online (2021-2030) ($MN)
40 Europe Smart Bed Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
41 Europe Smart Bed Market Outlook, By Application (2021-2030) ($MN)
42 Europe Smart Bed Market Outlook, By Hospital (2021-2030) ($MN)
43 Europe Smart Bed Market Outlook, By Residential (2021-2030) ($MN)
44 Europe Smart Bed Market Outlook, By Hospitality (2021-2030) ($MN)
45 Europe Smart Bed Market Outlook, By Other Applications (2021-2030) ($MN)
46 Asia Pacific Smart Bed Market Outlook, By Country (2021-2030) ($MN)
47 Asia Pacific Smart Bed Market Outlook, By Type (2021-2030) ($MN)
48 Asia Pacific Smart Bed Market Outlook, By Automatic (2021-2030) ($MN)
49 Asia Pacific Smart Bed Market Outlook, By Semi-Automatic (2021-2030) ($MN)
50 Asia Pacific Smart Bed Market Outlook, By Manual (2021-2030) ($MN)
51 Asia Pacific Smart Bed Market Outlook, By Distribution Channel (2021-2030) ($MN)
52 Asia Pacific Smart Bed Market Outlook, By Specialty Stores (2021-2030) ($MN)
53 Asia Pacific Smart Bed Market Outlook, By Supermarket/Hypermarket (2021-2030) ($MN)
54 Asia Pacific Smart Bed Market Outlook, By Online (2021-2030) ($MN)
55 Asia Pacific Smart Bed Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
56 Asia Pacific Smart Bed Market Outlook, By Application (2021-2030) ($MN)
57 Asia Pacific Smart Bed Market Outlook, By Hospital (2021-2030) ($MN)
58 Asia Pacific Smart Bed Market Outlook, By Residential (2021-2030) ($MN)
59 Asia Pacific Smart Bed Market Outlook, By Hospitality (2021-2030) ($MN)
60 Asia Pacific Smart Bed Market Outlook, By Other Applications (2021-2030) ($MN)
61 South America Smart Bed Market Outlook, By Country (2021-2030) ($MN)
62 South America Smart Bed Market Outlook, By Type (2021-2030) ($MN)
63 South America Smart Bed Market Outlook, By Automatic (2021-2030) ($MN)
64 South America Smart Bed Market Outlook, By Semi-Automatic (2021-2030) ($MN)
65 South America Smart Bed Market Outlook, By Manual (2021-2030) ($MN)
66 South America Smart Bed Market Outlook, By Distribution Channel (2021-2030) ($MN)
67 South America Smart Bed Market Outlook, By Specialty Stores (2021-2030) ($MN)
68 South America Smart Bed Market Outlook, By Supermarket/Hypermarket (2021-2030) ($MN)
69 South America Smart Bed Market Outlook, By Online (2021-2030) ($MN)
70 South America Smart Bed Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
71 South America Smart Bed Market Outlook, By Application (2021-2030) ($MN)
72 South America Smart Bed Market Outlook, By Hospital (2021-2030) ($MN)
73 South America Smart Bed Market Outlook, By Residential (2021-2030) ($MN)
74 South America Smart Bed Market Outlook, By Hospitality (2021-2030) ($MN)
75 South America Smart Bed Market Outlook, By Other Applications (2021-2030) ($MN)
76 Middle East & Africa Smart Bed Market Outlook, By Country (2021-2030) ($MN)
77 Middle East & Africa Smart Bed Market Outlook, By Type (2021-2030) ($MN)
78 Middle East & Africa Smart Bed Market Outlook, By Automatic (2021-2030) ($MN)
79 Middle East & Africa Smart Bed Market Outlook, By Semi-Automatic (2021-2030) ($MN)
80 Middle East & Africa Smart Bed Market Outlook, By Manual (2021-2030) ($MN)
81 Middle East & Africa Smart Bed Market Outlook, By Distribution Channel (2021-2030) ($MN)
82 Middle East & Africa Smart Bed Market Outlook, By Specialty Stores (2021-2030) ($MN)
83 Middle East & Africa Smart Bed Market Outlook, By Supermarket/Hypermarket (2021-2030) ($MN)
84 Middle East & Africa Smart Bed Market Outlook, By Online (2021-2030) ($MN)
85 Middle East & Africa Smart Bed Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
86 Middle East & Africa Smart Bed Market Outlook, By Application (2021-2030) ($MN)
87 Middle East & Africa Smart Bed Market Outlook, By Hospital (2021-2030) ($MN)
88 Middle East & Africa Smart Bed Market Outlook, By Residential (2021-2030) ($MN)
89 Middle East & Africa Smart Bed Market Outlook, By Hospitality (2021-2030) ($MN)
90 Middle East & Africa Smart Bed Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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