Smart bed
is a technologically advanced bed integrated with various features such as
sleep monitoring system and others. These smart beds are equipped with touch
free sensors located under the mattress. The smart bed helps to maintain health
by keeping a track of the person heart rate, respiration rate, motion and
others. Smart beds are widely used by healthcare sector for monitoring health
of the patients.
Market Size and Forecast
The global
smart bed market is expected to grow at a robust growth over the forecast
period i.e. 2017-2024. Smart bed market
is driven by various factors such as growing awareness of sleep as a health
concern and rising personal disposable income. Further, mounting demand for
smart bed from commercial sector is expected to bolster the growth of smart bed market.
Regionally,
the most prominent regional markets are North America and Europe. North America
region is expected to dominate the market during the forecast period aided by
U.S. Further, growing adoption of innovative technology and rapid urbanization
are projected to flourish the growth of smart bed market. Moreover, presence of
major key players in North America region is also predicted to bolster the
growth of smart bed market over the forecast period.
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North
America region is followed by Europe. Europe region grabbed the second largest
market of smart bed in terms of revenue in 2016. Further, the major countries
witnessing the augmented demand for smart bed are France, U.K. and others
countries. Moreover, growing demand for advanced as well as safe bed and
increasing use of organic and eco-friendly mattresses are envisioned to bolster
the growth of smart bed market in this region.
Asia-Pacific
is expected to witness a tremendous growth by the end of 2024. Additionally,
this region is most lucrative market across the globe owing to emerging
economies such as India and China. Further, product innovation by manufacturers
in China, Korea, and Japan is fuelling the growth of smart bed market in this
region. Rise in per capita income in this region is also envisioned to flourish
the growth of smart bed market. Furthermore, Latin America is also anticipated
to witness a robust growth owing to the adoption of advanced technologies.
Market Segmentation
Our
in-depth analysis segmented the global smart bed market in the following
segments:
By Mode
Manual
Semi-automatic
Automatic
By End User
Residential
Healthcare
Hospitality
Transportation
Others
By Region
Global smart
bed market is further classified on the basis of region as follows:
North
America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity
Analysis
Latin
America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth &
Opportunity Analysis
Europe
(U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands &
Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity
Analysis
Asia-Pacific
(China, India, Japan, Singapore, Australia, New Zealand, South Korea &Rest
of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
Middle
East and Africa (GCC, South Africa, North Africa) Market size, Y-O-Y growth
& Opportunity Analysis
Growth Drivers and Challenges
Rising
demand for health monitoring solution that are non-invasive and growing
adoption of technologically advanced products are envisioned to be the dynamic
factor behind the rapid growth of smart bed market across the globe. Further,
evolution of user-friendly technologies is also anticipated to boost the demand
for smart bed over the forecast period.
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Moreover,
the factors attributing towards the growth of smart bed market including
increasing disposable income and increasing purchasing power of the consumer.
In addition to this, increasing number of hotels coupled with growing demand
for smart technologies is believed to foster the growth of smart bed market.
Furthermore, increasing investments in infrastructural facilities would lead to
the adoption of smart bed in the residential and other sectors.
However,
high cost associated with smart bed is anticipated to hinder the growth of smart bed market.
Moreover, lack of awareness among the consumers regarding health benefits
related to smart bed is projected to dampen the growth of smart bed market.
Key players
The major
key players for smart bed market are as follows
Stryker
Corporation
Company
Overview
Key
Product Offerings
Business
Strategy
SWOT
Analysis
Financials
Sleepnumber
Hill Rom
Holdings Inc.
Invacare
Corporation
Responsive
Surface Technology
Hi-Interiors
srl
Balluga
Limited
Scope and
Context
Overview
of the Parent Market
Analyst
View
Segmentation
The global
smart bed market is segmented as follows:
By Mode
Market Size & Y-O-Y Growth Analysis
By
End-User Market Size & Y-O-Y Growth Analysis
By Region
Market Size & Y-O-Y Growth Analysis
Market
Dynamics
Supply
& Demand Risk
Competitive
Landscape
Porter’s
Five Force Model
Geographical
Economic Activity
Key
Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent
Trends and Developments
Industry
Growth Drivers and Challenges
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