Smart Bed Market

Smart Bed Market



Growth Factors of Smart Beds Market

The Smart Beds market size was valued at USD 3.27 billion in 2023, and the market is now projected to grow from USD 3.44 billion in 2024 to USD 6.05 billion by 2032, exhibiting a CAGR of 7.3% during the forecast period of 2024-2032.

With strict lockdown measures embraced in most nations, numerous shrewd bed companies experienced trouble in executing face-to-face gatherings with their channel accomplices and closing their trade bargains. This essentially affected the item revenues of major companies. Besides, the closure of retail outlets and hardware businesses combined with deficiencies in raw fabric supply generally hampered the item utilization rate amid the pandemic period.

Quick innovative changes within the healthcare segment have made a more prominent request for smart advances, inculcating the smart beds, to progress persistent care and treatment quality. Smart clinics have seen critical appropriation of computerization, digitization, and other innovative progressions to provide more noteworthy proficiency in treatment, boosting the utilization of smart beds to screen the rest quality and other wellbeing variables. The fast-paced mechanical move towards care conveyance has expanded the smart beds market growth.

Fast-paced improvements in innovation have motivated buyers to look for other ways to boost their ways of life. This has driven the consumer's interest in embracing the most recent innovations and keen arrangements, which give a plenty of benefits to the customers. Provoked shopper intrigued in making a smart home environment has fueled the utilization prerequisite for keen domestic adornments, including smart beds, which is anticipated to drive the item request among private spaces.

Comprehensive Analysis of Smart Beds Market

The worldwide market is isolated into private, healthcare, and neighborliness, based on the application. The healthcare segment is anticipated to lead a prevailing segmental share within the worldwide market due to expanding comfort facilities and arrangements within the healthcare segment. Moreover, advancements in healthcare innovation have encouraged the restorative division to contribute to the openings for superior healthcare, which has driven to skyrocketing request for progressed items over keen clinics. the globalized market bifurcated in terms of distribution channels are categorized as online and offline channels. The offline channel is anticipated to lead the worldwide shrewd beds showcase segmental share due to the rising extension of retail stores and electronic outlets in developing nations.

The most dominant region globally profoundly North America is ascribed to hold a major Smart Beds market share measured to USD 1.04 billion in the estimate period. It is expected that the North America will show an overwhelming market share due to keen homes' quick infiltration and expanded customer investing on consolation and extravagance. The region's high-income populace favors a wide run of smart arrangements for comfort and ease of their ways of life at domestic. This has driven the clients to spend on mechanization, security, and other controlled adornments, eventually drawing in speculations in such items.

The worldwide smart bed industry is profoundly divided, owing to developing neighborhood and universal players within the worldwide commercial center. Producers center on presenting item advancements in terms of highlights and alternatives, subsequently making development openings around the world and actualizing user-friendly client benefit and arrangements to pick up a long-lasting client relationship with the buyers. The major operating players are Johnson & JohnsonInc. (U.S.), Paramount Bed Holdings Co. Ltd. (Japan), Arjo AB (Sweden), Sleep Number Corporation (U.S.), ReST (U.S.), Stryker Corporation (U.S.) and many others.

In April 2022, the company Rest Number, a Minnesota, U.S.-based beds company, propelled its unused Climate360 keen bed. Agreeing to the company, the new bed has different highlights, counting a smart movable base and temperature control.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 7.3% over 2024 to 2032

Unit Value (USD Billion)

Segmentation By Application
  • Healthcare
  • Residential
  • Hospitality
By Distribution Channel
  • Offline
  • Online
By Region
  • North America (By Application, Distribution Channel, and by Country)
  • U.S. (By Application)
  • Canada (By Application)
  • Mexico (By Application)
  • Europe (By Application, Distribution Channel, and by Country)
  • Germany (By Application)
  • France (By Application)
  • Italy (By Application)
  • Spain (By Application)
  • U.K. (By Application)
  • Russia (By Application)
  • Rest of Europe (By Application)
  • Asia Pacific (By Application, Distribution Channel, and by Country)
  • China (By Application)
  • India (By Application)
  • Japan (By Application)
  • South Korea (By Application)
  • Australia (By Application)
  • Rest of Asia Pacific (By Application)
  • South America (By Application, Distribution Channel, and by Country)
  • Brazil (By Application)
  • Argentina (By Application)
  • Rest of South America (By Application)
  • The Middle East and Africa (By Application, Distribution Channel, and by Country)
  • South Africa (By Application)
  • UAE (By Application)
  • Rest of the Middle East and Africa (By Application)


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1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Emerging Trends
4. Key Insights
4.1. Overview of the Parent/Related Markets
4.2. Industry SWOT Analysis
4.3. Porter’s Five Forces Analysis
4.4. Supply Chain and Regulatory Analysis
4.5. Recent Technological Advancements
5. Global Smart Bed Market Analysis, Insights, and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecast
5.2.1. By Application (Value)
5.2.1.1. Residential
5.2.1.2. Healthcare
5.2.1.3. Hospitality
5.2.2. By Distribution Channel(Value)
5.2.2.1. Offline
5.2.2.2. Online
5.3. By Region (Value)
5.3.1.
5.3.1.1. North America
5.3.1.2. Europe
5.3.1.3. Asia Pacific
5.3.1.4. South America
5.3.1.5. Middle East & Africa
6. North America Smart Bed Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecast
6.2.1. By Application (Value)
6.2.1.1. Residential
6.2.1.2. Healthcare
6.2.1.3. Hospitality
6.2.2. By Distribution Channel(Value)
6.2.2.1. Offline
6.2.2.2. Online
6.2.3. By Country (Value)
6.2.3.1. U.S.
6.2.3.1.1. By Application (Value)
6.2.3.1.1.1. Residential
6.2.3.1.1.2. Healthcare
6.2.3.1.1.3. Hospitality
6.2.3.2. Canada
6.2.3.2.1. By Application (Value)
6.2.3.2.1.1. Residential
6.2.3.2.1.2. Healthcare
6.2.3.2.1.3. Hospitality
6.2.3.3. Mexico
6.2.3.3.1. By Application (Value)
6.2.3.3.1.1. Residential
6.2.3.3.1.2. Healthcare
6.2.3.3.1.3. Hospitality
7. Europe Smart Bed Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecast
7.2.1. By Application (Value)
7.2.1.1. Residential
7.2.1.2. Healthcare
7.2.1.3. Hospitality
7.2.2. By Distribution Channel(Value)
7.2.2.1. Offline
7.2.2.2. Online
7.2.3. By Country (Value)
7.2.3.1. U.K.
7.2.3.1.1. By Application (Value)
7.2.3.1.1.1. Residential
7.2.3.1.1.2. Healthcare
7.2.3.1.1.3. Hospitality
7.2.3.2. Germany
7.2.3.2.1. By Application (Value)
7.2.3.2.1.1. Residential
7.2.3.2.1.2. Healthcare
7.2.3.2.1.3. Hospitality
7.2.3.3. France
7.2.3.3.1. By Application (Value)
7.2.3.3.1.1. Residential
7.2.3.3.1.2. Healthcare
7.2.3.3.1.3. Hospitality
7.2.3.4. Italy
7.2.3.4.1. By Application (Value)
7.2.3.4.1.1. Residential
7.2.3.4.1.2. Healthcare
7.2.3.4.1.3. Hospitality
7.2.3.5. Spain
7.2.3.5.1. By Application (Value)
7.2.3.5.1.1. Residential
7.2.3.5.1.2. Healthcare
7.2.3.5.1.3. Hospitality
7.2.3.6. Rest of Europe
7.2.3.6.1. By Application (Value)
7.2.3.6.1.1. Residential
7.2.3.6.1.2. Healthcare
7.2.3.6.1.3. Hospitality
8. Asia-Pacific Smart Bed Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Size Estimates and Forecast
8.2.1. By Application (Value)
8.2.1.1. Residential
8.2.1.2. Healthcare
8.2.1.3. Hospitality
8.2.2. By Distribution Channel(Value)
8.2.2.1. Offline
8.2.2.2. Online
8.2.3. By Country (Value)
8.2.3.1. China
8.2.3.1.1. By Application (Value)
8.2.3.1.1.1. Residential
8.2.3.1.1.2. Healthcare
8.2.3.1.1.3. Hospitality
8.2.3.2. India
8.2.3.2.1. By Application (Value)
8.2.3.2.1.1. Residential
8.2.3.2.1.2. Healthcare
8.2.3.2.1.3. Hospitality
8.2.3.3. Japan
8.2.3.3.1. By Application (Value)
8.2.3.3.1.1. Residential
8.2.3.3.1.2. Healthcare
8.2.3.3.1.3. Hospitality
8.2.3.4. South Korea
8.2.3.4.1. By Application (Value)
8.2.3.4.1.1. Residential
8.2.3.4.1.2. Healthcare
8.2.3.4.1.3. Hospitality
8.2.3.5. Australia
8.2.3.5.1. By Application (Value)
8.2.3.5.1.1. Residential
8.2.3.5.1.2. Healthcare
8.2.3.5.1.3. Hospitality
8.2.3.6. Rest of Asia-Pacific
8.2.3.6.1. By Application (Value)
8.2.3.6.1.1. Residential
8.2.3.6.1.2. Healthcare
8.2.3.6.1.3. Hospitality
9. South America Smart Bed Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Size Estimates and Forecast
9.2.1. By Application (Value)
9.2.1.1. Residential
9.2.1.2. Healthcare
9.2.1.3. Hospitality
9.2.2. By Distribution Channel(Value)
9.2.2.1. Offline
9.2.2.2. Online
9.2.3. By Country (Value)
9.2.3.1. Brazil
9.2.3.1.1. By Application (Value)
9.2.3.1.1.1. Residential
9.2.3.1.1.2. Healthcare
9.2.3.1.1.3. Hospitality
9.2.3.2. Argentina
9.2.3.2.1. By Application (Value)
9.2.3.2.1.1. Residential
9.2.3.2.1.2. Healthcare
9.2.3.2.1.3. Hospitality
9.2.3.3. Rest of South America
9.2.3.3.1. By Application (Value)
9.2.3.3.1.1. Residential
9.2.3.3.1.2. Healthcare
9.2.3.3.1.3. Hospitality
10. Middle East & Africa Smart Bed Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. Market Size Estimates and Forecast
10.2.1. By Application (Value)
10.2.1.1. Residential
10.2.1.2. Healthcare
10.2.1.3. Hospitality
10.2.2. By Distribution Channel(Value)
10.2.2.1. Offline
10.2.2.2. Online
10.2.3. By Country (Value)
10.2.3.1. UAE
10.2.3.1.1. By Application (Value)
10.2.3.1.1.1. Residential
10.2.3.1.1.2. Healthcare
10.2.3.1.1.3. Hospitality
10.2.3.2. Saudi Arabia
10.2.3.2.1. By Application (Value)
10.2.3.2.1.1. Residential
10.2.3.2.1.2. Healthcare
10.2.3.2.1.3. Hospitality
10.2.3.3. Rest of Middle East & Africa
10.2.3.3.1. By Application (Value)
10.2.3.3.1.1. Residential
10.2.3.3.1.2. Healthcare
10.2.3.3.1.3. Hospitality
10.3. Competitive Matrix
10.4. Business Strategies Adopted by Leading Players
10.5. Global Smart Bed Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2023
11. Company Profiles
11.1. Hi-Interiors Srl
11.1.1. Overview
11.1.2. Description
11.1.3. Product Portfolio
11.1.4. Financials (Data as available in public domain and/or on paid databases)
11.1.5. Recent Developments
11.2. Hill-Rom Holdings Inc.
11.2.1. Overview
11.2.2. Description
11.2.3. Product Portfolio
11.2.4. Financials (Data as available in public domain and/or on paid databases)
11.2.5. Recent Developments
11.3. Johnson & Johnson Inc.
11.3.1. Overview
11.3.2. Description
11.3.3. Product Portfolio
11.3.4. Financials (Data as available in public domain and/or on paid databases)
11.3.5. Recent Developments
11.4. Paramount Bed Holdings Co., Ltd.
11.4.1. Overview
11.4.2. Description
11.4.3. Product Portfolio
11.4.4. Financials (Data as available in public domain and/or on paid databases)
11.4.5. Recent Developments
11.5. Joerns Healthcare LLC
11.5.1. Overview
11.5.2. Description
11.5.3. Product Portfolio
11.5.4. Financials (Data as available in public domain and/or on paid databases)
11.5.5. Recent Developments
11.6. Sleep Number Corporation
11.6.1. Overview
11.6.2. Description
11.6.3. Product Portfolio
11.6.4. Financials (Data as available in public domain and/or on paid databases)
11.6.5. Recent Developments
11.7. Stryker Corporation
11.7.1. Overview
11.7.2. Description
11.7.3. Product Portfolio
11.7.4. Financials (Data as available in public domain and/or on paid databases)
11.7.5. Recent Developments
11.8. Arjo AB
11.8.1. Overview
11.8.2. Description
11.8.3. Product Portfolio
11.8.4. Financials (Data as available in public domain and/or on paid databases)
11.8.5. Recent Developments
11.9. ReST
11.9.1. Overview
11.9.2. Description
11.9.3. Product Portfolio
11.9.4. Financials (Data as available in public domain and/or on paid databases)
11.9.5. Recent Developments
11.10. BodiTrak
11.10.1. Overview
11.10.2. Description
11.10.3. Product Portfolio
11.10.4. Financials (Data as available in public domain and/or on paid databases)
11.10.5. Recent Developments
12. Strategic Recommendations/ Market Opportunities

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