Kings Research™ presents this information in its report titled, “Smart Bed Market Size, Share & Industry Analysis, By Application (Residential, Hospitality, Healthcare and others), and Distribution Channel (Offline & Online), and Region - Market Perspective, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecast for 2023 - 2032"
Smart Bed Market was worth around USD 2.44 billion in 2022 and is predicted to grow around USD 4.43 billion by 2032 with a compound annual growth rate of roughly 6.14% between 2023 and 2032.
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Top Key Players:
- Arjo
- Ascion, LLC
- Hill-Rom Holdings, Inc.
- Invacare Corporation
- IOF SRL
- PARAMOUNT BED CO., LTD
- ReST
- SK FURNITURE & DECORATERS
- Sleep Number Corporation
- Stryker
- Stiegelmeyer GmbH & Co. KG
The adoption of smart beds is being accelerated by several factors, including the rising incidence of sleep disorders, increasing healthcare awareness, and the integration of advanced technologies like artificial intelligence (AI) and the Internet of Things (IoT). These factors are enabling manufacturers to create more personalized and efficient sleep solutions that cater to the unique needs of individual users. Smart beds can monitor sleep patterns and provide real-time feedback on sleep quality, helping users make informed decisions about their sleep habits and make adjustments to improve their rest. This is particularly important in an era where lifestyle-related health issues such as stress and insomnia are becoming increasingly prevalent.
The global smart bed market is also benefiting from the growing trend of home automation. As smart home technologies become more widespread, consumers are looking to integrate smart beds into their connected living spaces. The integration of smart beds with other smart home devices allows users to control their bed settings through voice commands or smartphone apps, further enhancing the user experience. Additionally, the ability of smart beds to connect with wearable health devices provides users with comprehensive health data, which can be used to improve not only sleep but also overall health and wellness.
Geographically, North America is currently the largest market for smart beds, driven by the high adoption of smart home technologies and the growing awareness of sleep health among consumers. The region's strong healthcare infrastructure and the presence of major players in the smart bed market are also contributing to the market's growth. The United States, in particular, is a key market for smart beds, with a large number of consumers seeking advanced sleep solutions to address issues such as sleep apnea, insomnia, and other sleep disorders.
