The article cited AMA's "Global Smart Beds Market Study" explored substantial growth of %. According to the report, Manufacturers Focusing on Producing New Products for Specific Applications is one of the primary growth factors for the market. Increase in Demand for Smart Bed in the Hospitals
is also expected to contribute significantly to the Smart Beds market. Overall, Residential
applications of Smart Beds, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Distribution Channel, such as Specialty Stores, is boosting the Smart Beds market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Smart Beds market identified that the demand is rising in many different parts of the world as "Rise in Disposable Income in the Developing Countries enables People to Purchase Comfort and Luxury Products
". Furthermore, some recent industry insights like "In Oct 2020, Stryker launches the industry’s first and only completely wireless hospital bed, ProCuity that can connect seamlessly to any nurse call system for every acuity level. ProCuity Bed Series designed to enhance patient and caregiver safety for all acuity levels, reduce in-hospital falls." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Smart Beds market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Smart Beds market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Smart Beds market size is calculated using market estimation process, the Smart Beds market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Smart Beds market size has been validated using both top-down and bottom-up approaches.