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The global smart bed market exhibited moderate growth during 2015-2020. A smart bed is a furniture item equipped with sensors and other technologies for gathering data about the sleeping patterns of an individual. It also assists in tracking the heart rate, breathing patterns, sleep duration and body movements during sleep. It delivers this information to a smartphone and offers numerous tips on improving sleep, which further assists in enhancing the cognitive performance of the individual. At present, there is an increase in the sales of smart beds on account of their built-in TV or alarm and temperature control features and the growing prevalence of sleep disorders like insomnia.
The increasing utilization of smart beds in the healthcare industry due to the increasing automation and improving patient room technology represents one of the key factors creating a positive outlook for the market. Apart from this, rising investments in the healthcare sector by governing agencies of different countries, coupled with the growing geriatric population, have positively influenced the installation of smart beds across the globe. These beds provide a wide range of benefits, including smart fabric technology, automatic mattress firmness adjustments, anti-snoring features, adjustable bases, and smart-home connectivity, which is driving the overall sales further. Besides this, the leading players are investing in research and development (R&D) activities to introduce product innovations and offer new features, such as thermostats and blood pressure and air pressure measuring technology, to expand their consumer base and strengthen their hold in the market. Looking forward, IMARC Group expects the global smart bed market to grow at a CAGR of around 5% during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart bed market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type, end use and distribution channel.
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The competitive landscape of the industry has also been examined along with the profiles of the key players being Arjo, Ascion Llc, Hi-Interiors srl, Hill-Rom Holdings Inc., Invacare Corporation, Paramount Bed Co. Ltd., Responsive Surface Technology LLC, Sleep Number Corporation, Stryker Corporation, Ultimate Smart Bed and Vista Medical Ltd.
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