Authored By: Sarah
11 Jul 2024

 Smart Bed Market Size to grow by USD 1379.2 million between 2024-2028

According to a research report “ Smart Bed Market” by Application (Healthcare, Residential, Hospitality) Distribution Channel (Offline, Online) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 1379.2 million, at a CAGR of  8.09% during the forecast period. In today's technologically advanced world, smart home appliances, including smart beds, have gained significant traction due to their remote manageability through automated systems. These systems can be operated from anywhere in the world with an Internet connection, using smartphones or other networked devices. The increasing desire for improved lifestyles and cutting-edge technologies has fueled customer interest in building a smart home ecosystem. IOF (Hi-Interiors) caters to this trend with its HiAm futuristic bed, a four-poster bed design that maintains its shape. The demand for such intelligent home accessories is expected to surge, driving product demand in the residential sector during the forecast period.

Browse market data tables, figures, and in-depth TOC on “Smart Bed Market” by Application (Healthcare, Residential, Hospitality) Distribution Channel (Offline, Online) Geography (North America, Europe, APAC, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Application, the Healthcare segment is projected to dominate the market size in 2024

In the smart bed market, offline distribution channels represent a significant sales avenue, primarily consisting of specialty stores. These retailers encompass company-owned outlets, franchisees, and third-party vendors. Specialty stores dominate the revenue generation landscape compared to hypermarkets and supermarkets. The allure of specialty retailers, which specialize in home care products, fuels the expansion of this segment. Manufacturers capitalize on this retail format by allocating marketing, advertising, and promotional budgets to boost product and brand recognition among consumers. Offline distribution channels offer a distinct advantage by enabling buyers to receive expert advice from knowledgeable sales personnel and gain insights into the latest innovations within the realm of smart beds.

By Distribution Channel, Offline  segment is expected to hold the largest market size for the year 2024

The global smart bed market is experiencing substantial growth, particularly in the healthcare sector, where these advanced beds are increasingly being utilized to deliver enhanced and intensive patient care. In hospitals, smart beds play a pivotal role in patient management and facilitating patient recovery. The market's expansion in healthcare is driven by the continuous advancement of smart bed technologies, enabling hospitals to offer superior healthcare services. Factors such as increased government investments in hospital technologies and the digital transformation of the healthcare industry, including the proliferation of IoT in healthcare applications, are expected to further fuel market growth during the forecast period.

North America is forecasted to hold the largest market size by region in 2024

The Smart Bed market represents a significant growth opportunity for businesses, driven by the increasing demand for advanced sleep solutions. This sector encompasses beds equipped with innovative technologies, such as adjustable bases, temperature regulation, and biometric tracking. These features cater to consumers seeking personalized comfort and improved sleep quality, making the Smart Bed market an attractive investment for companies in the home appliance and healthcare industries.

The Smart Bed Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Arjo AB
  • Balluga Ltd.
  • Baxter International Inc.
  • Besco Medical Ltd.
  • Boyd Sleep
  • CVB Inc.
  • Dires LLC
  • Eight Sleep Inc.
  • Invacare Corp.
  • IOF srl
  • Joerns Healthcare LLC
  • LINET Group SE
  • PARAMOUNT BED HOLDINGS CO. LTD.
  • ReST
  • Rize Home
  • SK Furniture and Decoraters
  • Sleep Number Corp.
  • Stryker Corp.
  • The Sleep Co.
  • Ultimate Smart Bed
.

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Research Analysis Overview

The Smart Bed market is experiencing significant growth as homeowners and healthcare providers seek to enhance the quality of sleep and improve overall health. These advanced beds come equipped with various features, including alarm systems that can be synced with home automation systems and IoT devices, luxury bedding, and sleep tracking technology. Some smart beds also offer anti-snoring features and adjustable bases to address sleep apnea and cardiovascular disorders. Smart fabric technology and climate control systems further customize the sleeping experience, while sleep tracking and patient management systems provide valuable data for healthcare professionals and state governments to improve patient care and recovery. The young population is increasingly recognizing the health benefits of smart beds for both residential and commercial purposes. The Sleep Number survey reports that 72% of consumers believe that a good night's sleep is essential to their overall health and well-being. As smart homes continue to evolve, the role of sleep technology in enhancing user experience and healthcare will only become more prominent.

Market Research Overview

The Smart Bed market is experiencing significant growth as consumers increasingly prioritize sleep health awareness and personalized sleeping solutions. Hypermarkets and specialty stores are stocking up on these advanced beds, which offer connected devices such as temperature control, adjustable firmness, and climate control. These features cater to the needs of an aging population and those suffering from lifestyle diseases like heart attack, cardiovascular disorders, sleep apnea, and other conditions. Smart Beds integrate with home automation systems, IoT, and voice command for enhanced convenience. Big data analytics, machine learning, and artificial intelligence are used to provide fully-automatic, semi-automatic, or manual adjustments based on user preferences and sleep patterns. These beds also offer sleep tracking, anti-snoring features, and adjustable bases. The market for smart beds extends beyond residential purposes, with applications in hospitals, patient care facilities, and hospitality industries. The Sleep Number survey reveals that homeowners are willing to invest in these beds for improved comfort and quality sleep. Sleep technology is no longer a luxury but a necessity for maintaining overall health and well-being. The market is expected to grow further as more people recognize the benefits of smart beds for commercial and residential uses.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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