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Smart Bed Market

11-05-2020 04:17 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Whipsmart MI

Smart Bed Market Size Worth $ 6496.8 Million By 2026 | CAGR: 12.1%
The global Smart Bed Market size is expected to reach USD 6496.8 Million by 2026 according to a new study by WhipSmart MI Research. The report “Smart Bed Market by Mode (Manual, Semi-automatic, Automatic); By End-user (Residential, Healthcare, Hospitality, Transportation) By Regions, Segments & Forecast, 2019 - 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The unique COVID impact assessor from WhipSmart MI takes inputs such as economic growth forecasts, industry outlooks, analyses churned out by various global agencies such as IMF, World Bank, OECD along with covid indicators such as infection rates, death rates, vaccine news to assess how the growth rate for markets will change over the next two years – 2020 & 2021. These dashboards are updated every quarter and are available for 4000+ markets.
Rising demand for smart healthcare beds globally due to increasing consumer spending on the effective treatment in healthcare as well as hospitality applications will propel the global smart bed market growth. The medical/healthcare smart beds help the hospital staff to fulfil the patient needs efficiently and save the daily time. The advanced healthcare smart bed offers attached multimedia screen and sensors to enable complete comfort for the patients. Increasing adoption of the smart medical beds particularly for long and medium stays in retirement homes and healthcare centres will propel the industry growth.
Growth in global population coupled with aging population trends will further support the smart bed market. Changing demographic trends along with improving disposable incomes are among key trends supporting the industry growth.
The growing young population and rise in income are mainly driving the expansion of the market. However, lack of experience in manufacturing smart beds in various regions may be a drawback for market growth. The low availability of those beds within the stores and fewer production rate are restraining the market growth.
In the global Smart Bed Market, Strong outlook for smart beds residential as well as healthcare applications has enhanced the regional demand in the recent years. Earlier adoption of the smart beds along with presence of major manufacturers in the region provides a positive outlook for market expansion. High healthcare spending along with appreciable expenditure on residential beds are among key factors driving the industry demand.
The key players in the market Paramount Bed Co., Stryker Corporation, BodiTrak, ArjoHuntleigh AB, Hill Rom Holdings Inc., Sleepnumber, Invacare Corporation, Responsive Surface Technology, Hi-Interiors SRL, Balluga Limited etc. among others. Development of distribution channels, novel product development and aggressive marketing campaigning are some of the success factors in the industry.
WhipSmart MI Market research has segmented the Smart Bed Market report on the basis of mode, end-user and region
Smart Bed Mode Outlook (Revenue, USD Million, 2019 – 2026)
Semi-Automatic
Automatic
Smart Bed End-User Outlook (Revenue, USD Million, 2019 – 2026)
Residential
Healthcare
Transportation
Others
Smart Bed Regional Outlook (Revenue, USD Million, 2019 – 2026)
North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Russia
Asia Pacific
Japan
Korea
Latin America
Mexico
Brazil
Colombia
Middle East & Africa
Saudi Arabia
Israel

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