In 2023, the market for smart beds is projected to be worth US$3.42 billion. The overall demand for smart beds is anticipated to increase at a CAGR of 7.0% between 2023 and 2033, reaching a total of approximately US$ 6.73 Billion by 2033 due to the rise in the purchase of luxurious and comfortable products due to rising disposable income and the rising awareness about the benefits of smart beds.
One of the key factors anticipated to propel the growth of the smart bed market during the forecast period is the growing use of smart beds in the healthcare sector as a result of rising automation and bettering patient room technology.
The smart bed market refers to the growing industry of beds that are equipped with advanced technologies, such as sensors, motors, and connectivity features, to provide users with a more comfortable and personalized sleep experience. These beds are designed to track users’ sleep patterns, adjust the bed’s firmness and incline, and provide other features that can enhance the quality of sleep.
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The market for smart beds has experienced significant growth in recent years, driven by the increasing awareness of the importance of sleep for overall health and wellness. With the rise of smart homes and the internet of things (IoT), consumers are looking for more ways to integrate technology into their daily lives, including their sleep routines
Smart bed manufacturers are incorporating a range of advanced technologies into their products, such as biometric sensors, temperature control systems, and voice-activated controls. Some smart beds are also equipped with sleep tracking and monitoring features that allow users to track their sleep patterns, including their heart rate, breathing, and movement during the night.
The global smart bed market is expected to continue growing in the coming years, driven by the increasing demand for more personalized and connected sleep experiences. As consumers become more aware of the benefits of quality sleep, they are looking for innovative solutions that can help them improve the quality and duration of their sleep.
Who are the Leading Players in the Smart Bed Market?
Prominent players in the smart bed market are PARAMOUNT BED CO., LTD., ReST, Sleep Number Corporation, Ascion, LLC., Hi-Interiors srl., Ultimate Smart Bed, The BodiTrak, Hill Rom Holdings Inc., Invacare Corporation, Stryker Corporation., among others.
Recent Developments:
- In September 2021, Baxter International Inc., an American multinational healthcare company, acquired Hill-Rom Holdings, Inc. for a $10.5 billion total equity value. This acquisition by Baxter adds smart hospital beds to its existing product portfolio of patient monitoring and diagnostic products. Hill-Rom Holdings, Inc. is a medical device provider based in the USA.
- In August 2020, Sleep Number made advancements to its 360 Smart Bed with SleepIQ technology. The beds are designed to conform more closely to the body for superior support and spinal alignment, increased pressure relief, and reduced motion transfer.
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Key Segments Covered in the Smart Bed Industry Analysis
Smart Bed Market by Application:
- Residential
- Hospital
- Hospitality
- Others
Smart Bed Market by Distribution Channel:
- Supermarkets/Hypermarkets
- Specialty Stores
- Online
- Others
Smart Bed Market by Region:
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa (MEA)
Table of Content
1. Executive Summary | Smart Bed Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
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