“Smart
Bed Market: Global Demand Analysis & Opportunity Outlook 2024”
The global smart bed market is segmented into
end-user such as residential, healthcare, hospitality, transportation and
others. Among these segments, residential segment is expected to witness
significant growth during the forecast period i.e. 2017-2024. Additionally,
residential segment is riding on the back of swelled disposable income coupled
with changing lifestyle of the consumers. Further, growing adoption of smart
bed for healthcare purposes is also envisioned to flourish the growth of smart
bed market across the globe.
Global
smart bed market is expected to
register a CAGR of 12.2% over the forecast period. Moreover, the global smart bed market is projected to
expand at exponential revenue during the forecast period i.e. 2017-2024. The
market of smart bed is expanding
on the back of rising demand for safe as well as for technological advance
bedding system.
Manual
segment by mode is projected to witness a considerable CAGR during the forecast
period. Moreover, North America region accounted the largest market of smart bed in terms of revenue in 2016.
In addition to this, smart bed
market in North America region is expanding due to the presence of major key
players such as Stryker Corporation. Apart from this, Asia-Pacific region is
most lucrative market across the globe owing to emerging economies such as
India and China.
Swelled disposable income
Rapid
urbanization coupled with rising purchasing power of the consumer is one of the
major factors fuelling the growth of smart bed market. Moreover, rising
investments in infrastructural facilities would lead to the adoption of smart
bed in the residential and other sectors. This factor is expected to intensify
the growth of smart bed market by 2024.
Integration of internet of things
(IoT) in bed
Growing
research and development activities in the field of smart bed by leading
manufacturing companies in order to provide safe and technology equipped
bedding system which can be operated through phone is expected to elevate the
growth of smart bed market in near future. Furthermore, increasing number of
hotels coupled with growing demand for smart technologies is believed to
flourish the growth of Smart Bed Market.
However,
high cost of 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. The
report titled “Smart Bed Market: Global Demand Analysis & Opportunity
Outlook 2024” delivers detailed
overview of the global smart bed market in terms of market segmentation by mode,
by end user and by region. Further,
for the in-depth analysis, the report encompasses the industry growth drivers,
restraints, supply and demand risk, market attractiveness, BPS analysis and
Porter’s five force model.
This
report also provides the existing competitive scenario of some of the key
players of the global smart bed market which includes company profiling of Stryker
Corporation, Sleepnumber, Hill Rom Holdings Inc., Invacare Corporation ,
Responsive Surface Technology, Hi-Interiors srl, Balluga Limited. The profiling
enfolds key information of the companies which encompasses business overview,
products and services, key financials and recent news and developments. On the
whole, the report depicts detailed overview of the global smart bed market that
will help industry consultants, equipment manufacturers, existing players
searching for expansion opportunities, new players searching possibilities and
other stakeholders to align their market centric strategies according to the
ongoing and expected trends in the future.
Research
Nester is a leading service provider for strategic market research and
consulting. We aim to provide unbiased, unparalleled market insights and
industry analysis to help industries, conglomerates and executives to take wise
decisions for their future marketing strategy, expansion and investment etc. We
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helps our clients to take wise decision so as to avoid future uncertainties.
To
know more about this research, kindly visit:
Contact for more Info:
Name:-
Ajay Daniel
U.S.
+1 646 586 9123
U.K.
+44 203 608 5919
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