Market Overview:
Smart beds come with a variety of features that can improve the user experience in both residential and commercial settings. The adoption of smart beds is being driven by the increasing adoption of technology-driven devices that provide useful information about one's health. Smart beds integrate advanced amenities with technology that allows for comfortable changes and connectivity while sleeping. Sleep monitoring, automatic mattress firmness adjustment, climate control, smart fabric technology, adjustable bases, anti-snoring feature, IoT, and smart home networking are just a few of the features available.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Select Comfort Corporation (United States), Invacare Corporation (United States), Lojer (Finland), LINET spol (Czechia), Hetech Hospital Equipments (Turkey), BiHealthcare (China), Paramount Bed (Japan), Beijing Jingdong Technology (China), Balluga Limited (China), A.H. Beard (Australia), Hi-Interiors (Italy) and Responsive Surface Technology (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Smart Beds Market Study:
Select Comfort Corporation (United States), Invacare Corporation (United States), Lojer (Finland), LINET spol (Czechia), Hetech Hospital Equipments (Turkey), BiHealthcare (China), Paramount Bed (Japan), Beijing Jingdong Technology (China), Balluga Limited (China), A.H. Beard (Australia), Hi-Interiors (Italy) and Responsive Surface Technology (United States)
Smart Beds Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Residential, Hospital and Hospitality |
Type | Manual, Semi-Automatic and Fully-Automatic |
Distribution Channel | Specialty Stores,E-commerce,Other |
Influencing Trend:
Manufacturers Focusing on Producing New Products for Specific Applications
Market Growth Drivers:
Increase in Demand for Smart Bed in the Hospitals, Rising Expenditure in the Healthcare Sector in Developing Countries and Surging Awareness about the Benefits of Smart Beds among Customers
Challenges:
High Maintenance Cost of the Bed
Restraints:
High Cost of the Smart Bed
Opportunities:
Rise in Disposable Income in the Developing Countries enables People to Purchase Comfort and Luxury Products and Increasing Research and Development Investment to Create New Advancements in the Product.
Some of the other players that are also part of study are ArjoHuntleigh AB (Sweden), Hill Rom Holdings (United States), Stryker Corporation (United States), Besco Medical (China) and PROMA REHA (Czechia). The Global Smart Beds market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
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.
In Jul-2020, Responsive Surface Technology, LLC (ReST) collaborated with Purple Innovation. Integrating both smart and comfort technologies, ReST is pioneering a new era in sleep coupling an artificial intelligence-powered smart bed with a science-based material that eliminates pressure by being both soft and supportive as well as comfortably cool.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Smart Beds market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Smart Beds market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Emergency Hospital Beds, Suppliers and Distributors of Emergency Hospital Beds, Venture Capitalists and Private Equity Firms and End-Use Industry.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.