24/7 Customer Support

Smart Bed Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

Global Smart Bed Market- (By Product Type – Manual, Semi-automatic and fully-automatic; By End User – Residential, healthcare, hospitality, and others; By Distribution Channel – Offline and Online; and By Region) - Industry Dynamics, Market Size and Opportunity Forecast, 2027

  • Published On: 24-Jan-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0122124
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Smart Bed Market

View Full Infographic

REPORT SCOPE

Report AttributeDetails
Market Size Value in 2021US$ 5,273.3 Mn
Expected Revenue in 2027US$ 8,859.9 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2027
UnitValue (USD Mn)
CAGR8.7% 
Segments coveredBy Product Type, End-User, Distribution Channel, and region
Key CompaniesParamount Bed Co. Ltd., Stryker, Invacare Corporation, Hill-Rom Holdings Inc., and other prominent players.
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

Smart beds are advanced beds that allow users automatically adjust the settings of the beds according to users’ comfort. Smart beds integrate advanced amenities with technology that allows for comfortable changes and connectivity while sleeping.

Sleep tracking, automatic mattress firmness adjustment, climate control, smart fabric technology, adjustable bases, anti-snoring feature, IoT, and smart home connectivity are just a few of the features accessible.

Global Smart Beds Market is projected to record revenue from US$ 5,273.3 Mn in 2021 to US$ 8,859.9 Mn by 2027, registering a CAGR of 8.7% during the forecast period 2022-2027.

The end users in the smart beds market are healthcare, hospitality, residential, and transportation users among others.

In the smart world, through increased connectivity, instant communication, and established infrastructure systems, novel ideas and products can grow at rapid speeds – and this enables fast adoption of technically advanced products. Smart beds are advanced technology with a major scope in smart homes and hospitals due to their different features and offerings, as per the end-use.

Smart beds helps in reporting real-time patient safety information to a status board through nurse call. Further, patient lifts and patient monitoring equipment all connect and communicate together to accelerate patient recovery and simplify clinical communication. Thus, hospitals are integrating the technologies that help to deliver the capabilities as per requirement need.

With the rapid rise in the senior citizens’ population, people are focusing more on their needs, striving for more convenient and comfortable lifestyle to ease their life. Considering that people are spending most of the time in bed, smart beds have gradually attracted people’s attention. Thus, there is a positive relationship between rising number of senior citizens and the adoption of smart beds.

As per the Centers for Disease Control and Prevention), one in three adults do not get adequate sleep. Lack of sleep is causing a loss of billion dollars to countries in the form of health issues and lost productivity. Smart bed technology is giving people access to digital tools that provide valuable information about their well-being and thereby helping them to resort to a sound sleep. 

High price of smart beds act as a major restraint in the market growth. Also, Smart beds are part of a multitude of new internet of things-connected home appliances–some of which have been criticized for failing to deliver good UX while overemphasizing data.

Smart beds falls under the essential commodities during COVID-19, with high demand due to its supportive features that helps in treatment of COVID patients. Smart beds turned out to be a lifesaver in many cases where the hospital was able to identify deteriorating cases faster using the beds. Smart beds help healthcare staff by monitoring patients by maintaining a safe distance- which is required in case of COVID-19 and on-time alarm notification is helping to save many lives.

Semi-automatic type holds the highest market share of 36.3% of the Global Smart Beds Market share in 2021 and is expected to continue its dominance till 2027. 

In terms of end user, the residential sector accounts for highest market share of more than 50% in the smart bed market, owing to the growing trend of smart houses and implementation of luxurious technology in the houses.

Online segment contributes for the fastest CAGR of 9.8% during the forecast period.

Asia Pacific is projected to grow at the highest CAGR of 10.8% during the forecast period 2022-2027.

The key market players are Paramount Bed Co. Ltd., Stryker, Invacare Corporation, Hill-Rom Holdings, Inc., Arjohuntleigh AB, Ergomotion Inc., and Hilding Anders among others