Press release
Dreaming Smart: Smart Bed Innovations Revolutionize Sleep Solutions by 2024- Explores the revolutionary changes in sleep solutions brought by smart bed innovations.
The smart bed market size is expected to see strong growth in the next few years. It will grow to $4.29 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to integration with sleep tracking apps and wearables, growth in telehealth and remote patient monitoring, personalized sleep solutions for chronic conditions, demand for ergonomic and pressure-relief beds, global expansion of smart home technology, remote and app-controlled bed adjustments. Major trends in the forecast period include ai-driven sleep optimization and coaching, smart beds with temperature and humidity control, voice and ai-powered sleep assistants, sleep disorders detection and therapy integration, bed designs for co-sleeping and couples, sleep surfaces with biometric monitoring..
Market Overview -
A smart bed is one that uses sensors and other technologies to collect information about a person's sleeping habits and then self-adjusts to help the person sleep better. Smart beds are an emerging technology that helps in improving sleep patterns, and they come with a wide range of features such as sleep tracking, temperature control, air chambers, app integration, position control, audio playback, self-making, extra furniture, and others.
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Smart Bed Market Growth Fueled By Rapid Expansion In The Hospitality Industry
Rapid expansion in the hospitality industry is driving the growth of the smart bed market. The hospitality industry is a broad group of businesses such as restaurants, hotels, casinos, amusement parks, resorts, cruises, and others that are involved in providing services to customers. Companies in the hospitality industry are increasingly investing in innovative products to enhance the experience of customers by providing better sleep and maintaining a clean and hygienic environment. For instance, in June 2023, according to Passport Photo Online, a Poland-based online website, in 2022, there were 132,228 hotels and motels in the United States, an 8.3% increase from 2021. Therefore, rapid expansion in the hospitality industry is expected to boost the smart bed market during the forecast period .
Competitive Landscape -
Major companies operating in the smart bed market include Besco Medical Ltd., BodiTrak Inc., Hi-Interiors SRL, Hill-Rom Holdings Inc., Invacare Corporation, Paramount Bed Co. Ltd., Responsive Surface Technology LLC, Sleep Number Corporation, Eight Sleep Inc., Stryker Corporation, Ultimate Smart Bed Inc., BAM Labs Inc., iNyx Inc., Joerns Healthcare LLC, Linet Spol s.r.o., Vista Medical Ltd., Balluga Ltd., Ascion LLC, Ergomotion Inc., Luna Innovations Inc., Retail Employees Superannuation Trust, Kingsdown Inc., Simmons Bedding Company LLC, Tempur Sealy International Inc., Leggett & Platt Inc., Hilding Anders International AB, A.H. Beard Pty Ltd., Silentnight Group, Arjo AB
Technological Innovations Driving The Evolution Of The Smart Bed Market
Technological innovations are the key trends gaining popularity in the smart bed market. The companies operating in the smart med sector are constantly developing new products with advanced technologies and features to increase the quality and sleep time of customers. For instance, in January 2022, The Sleep Company, an India-based company that specializes in sleep-related products launched the elev8 smart adjustable bed. The elevat8 smart adjustable bed offers a comprehensive comfort experience that combines smart technology to improve health and general well-being. It comes with special features such as TV mode, a dual-zone massager for deep relaxation, an anti-snore posture that allows air to flow more freely, zero gravity mode for balanced body comfort, and more that can all be accessed with a single button click .
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Key Segments -
The smart bed market covered in this report is segmented -
1) By Type: Manual, Semi-Automatic, Automatic
2) By Application: Healthcare, Hospitality, Residential, Other Applications
3) By Sales Channel: Supermarket/Hypermarket, Online Stores, Specialty Stores, Other Sales Channels
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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