August 2020
BWC20123

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global smart bed market bwc20123
Global Smart Bed Market
Size - Industry Trends & Outlook Report 2026
The Global Smart Bed
Market size is expected to be USD 4.74 billion in 2026 from USD 1.93 billion in
2019, at a CAGR of 13.7% during the projection period between 2020 and 2026.
The Global Smart Bed Market is in developing stage with tremendous growth
prospects. The rising requirement of smart beds in the ever-expanding
healthcare sector and the need for comfort, sound sleep and convenience are
driving the growth of the market. The growing young population and rising
disposable income in the urbanized area drive the demand for household smart
beds across the globe. Also, the premium hotels include smart beds as a unique
feature to attract more travellers or occupants to their facilities. Moreover,
the advanced technologies used in the smart bed are opening up excellent growth
opportunities for this market. Various governments are also supporting
investment in smart beds to provide state-of-the-art healthcare.
Global Smart Bed Market:
Overview
Smart beds are built with
precise technical features and, are widely used in the healthcare sector to
monitor the patients’ vital statistics, particularly the heart rate, and allow
smooth movement of handicap patients. Medical smart beds are equipped with
sensors to detect the variations and manage the patient condition. For the
domestic purpose, smart beds are built with features like Wi-Fi, microphones,
smart alarm and anti-snore functionality. Such beds serve as an added amenity
in the hospitality sector.
Global Smart Bed Market: Growth
Drivers
Rising Adoption of Smart
Beds in Healthcare
Smart Beds for healthcare
provides immense benefits for the intensive and continuous care of patients.
Rising awareness about smart beds fuels the demand from residential as well as
the medical sector for patient care across the world. Also, the healthcare
segment is expanding substantially to include more smart beds in their
healthcare facilities.
Demand for Increased Ease
and Comfort in Developed Region
Smart beds with automated
features help users sleep better and add to the overall convenience. The demand
from high net worth individuals in developed regions for such comfort triggers
more demand from them.
Change in Demography and
Rising Disposable Income
In recent times, the
proportion of the financially well-off young population has improved over time.
And, this youth is quite influenced by internet-enabled gadgets and is glued to
the gizmos most of the time. Such a tendency is highly entertained by the smart
beds having Wi-Fi, microphones, smart alarm, etc. besides the comfort factor.
Their rising disposable income also supports their desire and in turn,
brightens the prospects of the market.
Global Smart Bed Market: Restraints
Lack of Manufacturing
Expertise
Though the demand for
smart bed is picking up globally, the manufacturing expertise is not available
sufficiently to cater to the requisites of the customers. Their inadequate
availability and comparatively less production rate impede market growth.
Impact of COVID-19 in
Industry
The overall slowdown in
economic activity is being experienced globally to more or less extent, and
this market is not free from such impediments. The disruption in the production
of smart beds has been caused due to insufficient labor or regular working hours
and manufacturing material supply. But as restrictions on transport and human
movements are eased, the regular production is catching momentum. On the demand
side, the pervasiveness of COVID-19 has resulted in augmented investment in
healthcare facilities leading to more demand for smart beds to cater to the
growing number of patients of Corona. Therefore, seamless production is also
being supported in every possible manner.
Global Smart Bed Market: Segmentation
Global Smart Bed Market
is segmented by Type into Manual, Semi-Automatic and Fully-Automatic, by
Components into Sensors, Automation, Controllers and Software, by End-Users
into Residential, Hospitals and Premium Hotels. The semi-automatic smart beds
are expected to capture the highest market share as usual during projection
period. By component, the smart beds with sensors are likely to witness a
substantial growth due to its increasing demand in healthcare. Based on
End-User, the healthcare sector is the biggest user of smart beds and will continue
to lead the market during the projection period. The residential end-user
segment is also expected to exhibit the highest CAGR during the forthcoming
period.
Global Smart Bed Market: Regional Insights
North America dominates
the Global Smart Bed Market due to its quick implementation of advanced
technology and, is expected to hold the significant market share in the
projection period 2020-26. The Asia Pacific region follows it, and its growth
is mainly attributable to the rising adoption of IoT, increased support from
government and rising disposable income. Moreover, the innovations by market
players in China, Korea and Japan are enhancing the smart bed market growth in
this region. Europe is also expected to register accelerated growth during the
projected period.
Competitive landscape
The leading players in this market are Stryker Corporation (US), Hill-Rom Holdings Inc (US), Getinge AB (Sweden), Paramount Bed Holdings (Japan), The BodiTrak (Canada), Invacare Corporation (US), Responsive Surface Technology (US) BAM Labs (US), Sleep number (US), ArjoHuntleigh AB and others. The prevalence of pandemic has led to a tremendous demand for smart beds worldwide.
Recent Developments
Ø January 6, 2020: Sleep Number unveils award-winning innovations
at CES 2020 with advanced temperature technology. The smart beds are designed
to work seamlessly with an individual’s sleep cycle.
Ø December 2, 2019: Xiaomi launches smart electric water-resistant bed with a dual motor mechanism. It can be regulated with the help of buttons and voice controls.
Scope of the Report:
Attribute |
Details |
Years Considered |
Historical data – 2016-2018 Base Year – 2019 Forecast –
2020 – 2026 |
Facts
Covered |
Revenue in USD Billion |
Market
Coverage |
U.S,
Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South
Korea, China, India, UAE, South Africa, Saudi Arabia . |
Product/Service
Segmentation |
By Type, By Components, By Applications and By Region. |
Key Players |
Stryker
Corporation (US), Hill-Rom Holdings Inc (US), Getinge AB (Sweden), Paramount
Bed Holdings (Japan), The BodiTrak, Invacare Corporation, Responsive Surface
Technology, BAM Labs, Sleep number, ArjoHuntleigh AB and Others. |
By Type
Ø Manual
Ø Semi-Automatic
Ø Fully Automatic
By Components
Ø Sensors
Ø Automation & Controls
Ø Software
Ø Real-Time Systems
By Application
Ø Home
Ø Hospitals
Ø Hotels
By Region:
Ø North America
Ø Europe
Ø Asia Pacific
Ø Latin America
Ø Middle East & Africa
The objective of the Study:
Ø To analyze and estimate the Global Smart Bed market size, in terms of value.
Ø To examine the market segmentation carefully and estimate the
market size, in terms of value, based on the region by segmenting the Global Smart Bed market into five
regions, namely, North America, Europe, Asia Pacific, Rest of the World and
their leading countries.
Ø To outline, categorize and project the Global Smart Bed market based on the Type,
Application, Components and Region.
Ø To examine competitive developments in applications, technology
and diverse industry usage within the Global Smart Bed Market.
Ø To highlight market dynamics such as drivers, restraints,
opportunities, and challenges and their impact.
Ø To provide a detailed competitive landscape, including major
players, their strategic profiles, and market shares.
Business Questions Answered by the Report:
Ø
Ø How will the market drivers, restraints, and opportunities
affect the market dynamics?
Ø What will be the market size in terms of value and volume and
market statistics with a detailed classification?
Ø Which segment dominates the market or region, and which one will
be the fastest-growing, and why?
Ø Who are the key players in the market, and what is their share?
Ø What is the strategy adopted by key players, and how does it
affect the existing and new players?
Customization Scope for the Client:
Client satisfaction is our first and last priority, and that is
why BlueWeave Consulting offers customization as per client’s specific needs.
The following customization options are available for the report:
Ø Additional Company Information
Ø Detail Analysis of five additional companies
Ø Additional country analysis
Ø Detailed segment analysis
We've been tracking the direct impact of COVID-19 on this market, and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Contact our sales team for more details at
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