Press release
Smart Bed Market Anticipated To Witness Robust Growth, Surpassing $4.77 Billion By 2029
Smart Bed Market Share
What Is the Current Smart Bed Market Size and Its Estimated Growth Rate?
In recent times, the smart bed industry has been expanding persistently. The market size is projected to increase from $3.19 billion in 2024 to $3.32 billion in 2025, marking a Compound Annual Growth Rate (CAGR) of 3.9%. Factors such as consumer desire for personalized comfort, an aging population coupled with sleep disorders, developments in home healthcare and wellness sectors, along with increased awareness related to sleep significance and the proliferation of adjustable beds, have contributed to this historical growth.
The size of the smart bed market is predicted to experience substantial growth in the coming years, reaching a value of $4.77 billion by 2029, thanks to a compound annual growth rate (CAGR) of 9.5%. The surge, as projected in the forecast period, is due to factors such as the integration of sleep tracking applications and wearables, the rise in telehealth and remote patient supervision, tailor-made sleep solutions for chronic illnesses, increased demand for ergonomic and pressure relief beds, and the global spread of smart home technology. The market's ability to adjust beds remotely and via apps also contributes to its growth. Key trends to watch during the forecast period are sleep optimization and training powered by artificial intelligence, temperature and humidity regulated smart beds, voice and AI-enabled sleep aids, detection and integration of therapy for sleep disorders, bed designs suitable for couples and shared sleeping, and sleep surfaces that include biometric tracking.
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How Are Emerging Segments Shaping the Smart Bed Market Landscape?
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: Super market/Hyper market, Online Stores, Specialty Stores, Other Sales Channels
Subsegments:
1) By Manual: Adjustable Manual Beds, Fixed Manual Beds
2) By Semi-Automatic: Beds with Manual Controls and Limited Automation, Beds with Integrated Adjustment Features
3) By Automatic: Fully Automated Adjustable Beds, Smart Beds with Sleep Tracking and Adjustment Features, Beds with Integrated Sleep Therapy Systems
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Which Growth Factors Are Influencing Smart Bed Market Expansion?
The surge in the development of the hospitality sector is a major factor propelling the growth of the smart bed market. The hospitality sector, encompassing numerous businesses such as hotels, restaurants, amusement parks, resorts, casinos, cruises, and others, is committed to delivering services to consumers. To enhance customer experiences through improved sleep quality and cleanliness, firms within this sector are progressively investing in innovative products. As an illustration, Passport Photo Online, a website based in Poland, stated in June 2023 that the number of hotels and motels in the United States in 2022 was 132,228, an 8.3% increase as compared to 2021. As such, the swift development of the hospitality sector is anticipated to significantly contribute to the expansion of the smart bed market in the projected period.
Who Are the Dominant Players Across Different Smart Bed Market Segments?
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
What Are the Latest Developing Trends in the Smart Bed Market?
The rise in technological advancements is a significant trend being observed in the smart bed industry. Enterprises within this market are consistently introducing fresh goods armed with superior tech capabilities to augment the sleep duration and quality of users. For instance, The Sleep Company, an Indian firm focusing on sleep-centric merchandise, unveiled the elev8 smart adjustable bed in January 2022. This product signifies a holistic comfort solution, leveraging intelligent technology to enhance overall health and comfort. Its notable characteristics include a TV mode, a dual-zone massager for intense relaxation, a posture-enhancing airflow for snore reduction, a zero-gravity mode for optimal body ease, among others that are all manageable with a single button press.
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Which Geographic Regions Are Expected to Dominate the Smart Bed Market in the Coming Years?
North America was the largest region in the smart bed market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart bed market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Smart Bed Market?
2. What is the CAGR expected in the Smart Bed Market?
3. What Are the Key Innovations Transforming the Smart Bed Industry?
4. Which Region Is Leading the Smart Bed Market?
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