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Market Research Report
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1063040

Smart Bed Market: Current Analysis and Forecast (2021-2027)

Published: | UnivDatos Market Insights Pvt Ltd | 237 Pages | Delivery time: 1-2 business days

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Smart Bed Market: Current Analysis and Forecast (2021-2027)
Published: February 1, 2022
UnivDatos Market Insights Pvt Ltd
Content info: 237 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents

The Global Smart Bed is Expected to Display an Elevated CAGR of ~5% over the forecast period (2021-2027)

The rise in disposable income, increase in the urbanization sector and rapidly changing lifestyle of consumers resulted in more inclination towards smart products including smart beds. As per OCED, the household disposable income across several countries such as Australia, Austria, Canada, France, and many others witnessed a significant rise during 2018-2019. In Canada, the gross adjusted household disposable income per capita was USD 39,005.5 in 2020, up from USD 35,892.5 in 2019

The rapid growth in the real estate sector due to 100% foreign direct investment for the township, smart cities, commercial buildings, and settlement development project is attracting investors in the real estate sector, which increase the quality of residential apartments, therefore emerging number of smart beds. In 2021, there were 258.54 million smart homes across the world. Moreover, By 2023, the smart home industry automation in US homes will be 53.9%.

The aging population is one of the major consumers of smart beds as they are more prone to suffer from back pain and other spine-related problems. Smart beds are technologically advanced beds that allow users to expand the capabilities of their beds beyond their basic functionalities by automatically adjusting the settings of beds for the comfort of users. Thus, the demand for smart beds is witnessing an uptick as the geriatric population is increasing all over the world and is also anticipated to overtake the infant population in the upcoming years. For instance, the number of people aged 65 or more will be 795.78 million surpassing the population of infants aged 0-4 (690.19 million) by 2023.

ArjoHuntleigh AB, BodiTrak, Hi-Interiors SRL, Hill Rom Holdings Inc, Invacare Corporation, Joerns Healthcare LLC, LINET spol. s r.o., Paramount Bed Co.Ltd, Sleep Number Corporation, Stryker Corporation, etc., are some of the prominent players operating in the Smart Bed market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.

Insights Presented in the Report

"Amongst type, manual segment holds the major share"

Based on type, the market is fragmented into Manual, Semi-Automatic, and Automatic. The manual segment grabbed the major market share in 2020 and dominated the market. The low cost of manual beds as compared to automatic and semi-automatic beds is one of the prominent factors which is driving the demand. However, the emerging disposable income of the end-users would lead the automatic and semi-automatic segment to grow in the forthcoming years.

"Amongst application, residential segment to grab considerable market share"

Based on the application, the market is fragmented into Healthcare, Hospitality, Residential, and Others. The residential segment grabbed the major market share and dominated the market in 2020. The market of this segment would reach USD XX Mn by 2027. The trending concept of smart homes and smart cities are boosting the demand for smart beds from the residential sector.

"Amongst sales channel, specialty stores segment to grab considerable market share"

Based on the sales channel, the market is fragmented into supermarkets/hypermarkets, Online Stores, Specialty Stores, and Others. The specialty store segment grabbed XX% market share and captured USD XX Mn market in 2020. However, the online store segment would witness the robust CAGR during the forthcoming years

"North America represents one of the largest markets of Smart Bed market"

For a better understanding of the market dynamics of the Smart Bed market, a detailed analysis was conducted for different regions across the globe including North America, Europe, Asia Pacific, and the Rest of the world. North America dominated the market and generated the leading revenue share in 2020 owing to rising disposable income and emerging demand from the healthcare sector.

Reasons to buy this report:

The study includes market sizing and forecasting analysis validated by authenticated key industry experts

The report presents a quick review of overall industry performance at one glance

The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments

Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry

The study comprehensively covers the market across different segments

Deep dive regional level analysis of the industry

Customization Options:

The Smart Bed Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

Product Code: UMCG21674

TABLE OF CONTENTS

1 MARKET INTRODUCTION

  • 1.1. Market Definitions
  • 1.2. Limitation
  • 1.3. Stake Holders
  • 1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

  • 2.1. Research Process of the Smart Bed Market
  • 2.2. Research Methodology of the Smart Bed Market
  • 2.3. Forecasting Method
  • 2.4. Respondent Profile
  • 2.5. Main Objective of the Smart Bed Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL SMART BED MARKET COVID-19 IMPACT

6 GLOBAL SMART BED MARKET REVENUE, 2019-2027F

7 MARKET INSIGHTS BY TYPE

  • 7.1. Manual
  • 7.2. Semi-Automatic
  • 7.3. Automatic

8 MARKET INSIGHTS BY APPLICATION

  • 8.1. Healthcare
  • 8.2. Hospitality
  • 8.3. Residential
  • 8.4. Others

9 MARKET INSIGHTS BY SALES CHANNEL

  • 9.1. Supermarket/hypermarket
  • 9.2. Online Stores
  • 9.3. Specialty Stores
  • 9.4. Others

10 MARKET INSIGHTS BY REGION

  • 10.1. North America Smart Bed Market
    • 10.1.1. United States
    • 10.1.2. Canada
    • 10.1.3. Rest of North America
  • 10.2. Europe Smart Bed Market
    • 10.2.1. United Kingdom
    • 10.2.2. Germany
    • 10.2.3. France
    • 10.2.4. Italy
    • 10.2.5. Spain
    • 10.2.6. Rest of Europe
  • 10.3. Asia Pacific Smart Bed Market
    • 10.3.1. China
    • 10.3.2. Japan
    • 10.3.3. India
    • 10.3.4. Australia
    • 10.3.5. South Korea
    • 10.3.6. Rest of Asia Pacific
  • 10.4. Rest of World Smart Bed Market

11 SMART BED MARKET DYNAMICS

  • 11.1. Market Drivers
  • 11.2. Market Challenges
  • 11.3. Impact Analysis

12 SMART BED MARKET OPPORTUNITIES

13 SMART BED MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

  • 15.1. Demand Side Analysis
  • 15.2. Supply Side Analysis
    • 15.2.1. Top Product Launches
    • 15.2.2. Top Business Partnerships
    • 15.2.3. Top Business Expansions, Investments and Divestitures
    • 15.2.4. Top Merger and Acquisitions

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

  • 17.1. Competitive Landscape
    • 17.1.1. Company Shares, By Revenue

18 COMPANY PROFILED

  • 18.1. ArjoHuntleigh AB
  • 18.2. BodiTrak
  • 18.3. Hi-Interiors SRL
  • 18.4. Hill Rom Holdings Inc
  • 18.5. Invacare Corporation
  • 18.6. Joerns Healthcare LLC
  • 18.7. LINET spol. s r.o.
  • 18.8. Paramount Bed Co.Ltd
  • 18.9. Sleep Number Corporation
  • 18.10. Stryker Corporation

19 DISCLAIMER