Healthcare Smart Bed Market is projected to grow up to 11.8% CAGR during the forecasting period 2021-...

Smart Bed Market is projected to grow up to 11.8% CAGR during the forecasting period 2021-2027.

Smart beds are a technological advancement in beds that enable users to extend the functionality of their beds beyond their regular functionality by automatically changing the bed's settings based on the user's comfort. Smart beds increase consumer convenience while also providing health benefits. The thermostat is one of its features, and it allows smart beds to change the temperature of their mattresses to fit the room temperature or the user's needs without losing the mattress's feel. Some smart beds have built-in features such as a TV and an alarm clock. There are also smart bed sheets available that adapt in accordance with the changes in the night's weather. The smart bed market is expanding, with several factors driving market growth, such as athletes' increasing preference for smart beds, an ageing population, rising disease occurrence, and therefore the consolidation of the web of things (IoT) throughout this technology. The study provides a comprehensive context analysis of the smart bed industry, including an evaluation of the parental market, emerging developments by segments and regional markets, major changes in market dynamics, and a market summary. The study also includes a qualitative and quantitative evaluation based on data obtained from industry experts and market participants.

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Key Driving Factors: The Hospital Sector is Expected to Grow at a Faster Rate

Smart beds used in hospitals are primarily concerned with optimising patient management and assisting patients in recovering more quickly. The market has gained significant momentum in the healthcare sector as a result of continuous advancements in smart bed technology, which allow hospitals to provide better healthcare to patients. The increase in government investments in hospitals to develop cutting-edge technology equipment, such as smart beds, could lucratively boost market growth.. Due to a change in patient preferences and an increase in demand for advanced healthcare facilities, the segment is expected to expand at a rapid pace during the forecast period. An rise in the prevalence of cardiovascular diseases is expected to fuel demand for smart beds, which are embedded with advanced cardio monitoring sensors and devices that raise an alarm if a patient has a heart attack.

New product launches will help the market grow.

Manufacturers have been concentrating on developing new products for particular applications due to varying demands based on use. Companies are investing in research and development to produce innovative product advancements. They are incorporating new features into the smart bed, such as a thermostat, a blood pressure measurement unit, an air pressure sensor, and other gadgets. Thermostat is one of the features that allows smart mattresses and beds to warm and cool the mattress temperature based on the user's needs and the room temperature without sacrificing the mattress's feel. Manufacturers are releasing new products in order to provide their customers with a high-quality sleeping experience.

Based on Distribution Channel 

The specialty store distribution channel segment dominated the smart bed industry in terms of sales. Specialty stores have many benefits, including knowledgeable employees, a wide variety of product types, product demos, and quick delivery. These stores provide customer service training to their staff, and a few of them still provide price-matching guarantees. Specialty stores are one of the main distribution outlets in developing countries such as India, Thailand, Vietnam, Bangladesh, and China. Furthermore, major retail chains are concentrating on opening new stores with an innovative layout, which is expected to help this segment expand.

The  Smart Bed Market report has been categorized as below

By Product

  • Manual
  • Semi-automatic
  • Fully -automatic

By End User

  • Residential
  • Hospital
  • Other End Users

By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of World

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Published Date : March-2021