Smart Bed Market 2022 Growth Factors, Product Overview, Segmentation and Forecast Study to 2027 | Paramount Bed Co. Ltd, Stryker, Invacare Corporation

Astute Analytica released a new market report on the Smart Bed Market. The in-depth study of the industry includes inputs, information, and data from primary and secondary sources that have been evaluated and verified by specialists in the target market.

Along with significant data and other pertinent information, the study evaluates the competitive landscape and global market growth trend based on the business overview and helps businesses and investment organizations better grasp the market's growth characteristics.

The Global Smart Bed Market size will grow from US$ 5273.3 million in 2021 to US$ 8859.9 million by 2027, registering a tremendous compound annual growth rate (CAGR) of 8.7% during the forecast period 2022 to 2027.

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Regional Analysis:

The United States garnered the highest share in the consumer goods sector, followed by China, India, Indonesia, Brazil, Mexico, and other developed and developing countries, and are forecast to have substantial growth over the upcoming years.

In 2020, China held dominance in the online retail sales sector. As the contactless economy grew in response to the COVID-19 epidemic, the country's e-commerce advantage grew further as digital services like remote education and healthcare became more accessible and new sales channels became essential. The rise in living conditions among Chinese consumers led to a shift toward development-oriented consumption rather than necessity-based purchasing. As a result, life services have swiftly become popular among consumers.

COVID-19 Impact

The COVID-19 pandemic changed how people buy and wreaked havoc on the market. Cleaning supplies, shelf-stable food, beverages, and toilet paper became scarce in certain nations. Furthermore, the function of sustainability is becoming increasingly important in the consumer goods sector; there is a growing desire for more sustainable and ethically manufactured products across the board.

However, the industry's fundamentals and stock market performance have deteriorated. In terms of economic profit contribution, several players began to pull ahead of the pack. The US market before COVID-19, for example, is instructive. In the United States, specific brands (with more than $750 million in revenue) lost volume at a pace of 1.5%. Small brands increased by 1.7%, while private labels increased by 4.3%.

Major Key Players in the Smart Bed Market are:

Paramount Bed Co. Ltd
Stryker
Invacare Corporation
Hill-Rom Holdings, Inc
Ergomotion Inc
Hi-Interiors SRL
Segmental Analysis:

The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the Smart Bed Market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the market's overall size.

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Segmentation Overview

By Product Type

Manual
Semi-automatic
Fully automatic
By End User

Residential
Healthcare
Hospitality
Transportation
Others
By Distribution Channel

Offline
Brand Stores
Home Centers
Online
By Region

North America
The U.S.
Canada
Mexico
Europe
The U.K.
Germany
France
Italy
Russia
Spain
Poland
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
South America
Argentina
Brazil
Rest of South America
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of MEA
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This release was published on openPR.