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Global Smart Bed Market Size By Type, By Components, By Applications and By Region; Trend Analysis, Market Competition Scenario & Outlook, 2016-2026

  • ID: 5146282
  • Report
  • August 2020
  • Region: Global
  • 167 pages
  • Blueweave Consulting & Research Pvt Ltd

FEATURED COMPANIES

  • ArjoHuntleigh AB
  • BAM Labs
  • Getinge AB (Sweden)
  • Invacare Corporation
  • Sleep number
  • Stryker Corporation (US)

The Global Smart Bed Market Size to Surge on account of COVID-19 and Growing State-of-the-art Healthcare

According to the publisher, the Global Smart Bed Market is expected to reach USD 4.74 billion in 2026 from USD 1.93 billion in 2019 at CAGR of 13.7% during the period 2020-2026.

The increasing demand for smart beds in healthcare and the growing need for convenience, comfort and sound sleep in households drive the Global Smart Bed Market growth. Even the luxury hotels add smart bed as a new feature in their amenities to attract more occupants. Besides, at present, the different governments encourage investment in smart beds as part of a healthcare facility. The market holds tremendous potential because of the current prevalence of pandemic and other diseases as well as rising tech-savvy young population and increasing disposable income.

Smart beds are manufactured with precise technical features to help monitor the vital statistics of patients and allow smooth movement of the patient. The medical beds come with sensors which detect the variations in heart rates, BP, etc. and help monitor patient’s condition. Some smart beds are built with Wi-Fi, microphones, smart alarm and anti-snore functionality for the young population.

Global Smart Bed Market is segmented by Type into Manual, Semi-Automatic and Fully-Automatic, by Components into Sensors, Automation, Controllers and Software, by End-Users into Residential, Hospitals and Premium Hotels.

“Semi-Automatic Smart Beds and Smart Beds with Sensors Dominate the Global Smart Bed Market.”

Semi-Automatic Smart Beds hold the significant market share due to their ample availability and usage in healthcare and is expected to maintain its position in the forthcoming period while smart beds with sensors are anticipated to witness highest CAGR during the upcoming time. By End-Use, the healthcare sector will continue to rule the market while the residential sector will also register a reasonable growth rate during the projection period.

“The major growth drivers of the Global Smart Bed Market are Rising Adoption of Smart Beds in Healthcare, Demand for Increased Ease & Comfort in Developed Countries and Change in Demography & Rising Disposable Income.”

More and more healthcare facilities worldwide are adopting smart beds for intensive patient care as part of their state-of-the-art infrastructure. Besides, the automated features of smart beds attract many individuals towards the same for increased ease and convenience, augmenting their demand. Also, the population of tech-savvy, financially well-off youth, has increased triggering the demand for smart beds having features such as Wi-Fi, microphones, etc.

“Lack of Manufacturing Expertise restrains Market Growth.”

The market growth is hindered by lack of expertise in smart bed manufacturing as its optimum production does not take place according to the needs of customers. However, it offers tremendous growth potential.

“North America Dominates the Global Smart Bed Market Followed by Asia-Pacific.”

Quick adoption and implementation of technology make North America the dominant player in the Global Smart Bed Market. It will continue to dominate the market in the projection period. Asia-Pacific is the second primary market due to rising adoption of IoT, increased healthcare outlay from government and rising disposable income. Besides, the innovations by market players in China, Korea and Japan are enhancing the market growth in this region. Europe is also expected to register accelerated growth during the upcoming period.

“The leading players” in the Global Smart Bed Market are Stryker Corporation (US), Hill-Rom Holdings Inc. (US), Getinge AB (Sweden), Paramount Bed Holdings (Japan), The BodiTrak, Invacare Corporation, Responsive Surface Technology, BAM Labs, Sleep number, ArjoHuntleigh AB and others.

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ArjoHuntleigh AB
  • BAM Labs
  • Getinge AB (Sweden)
  • Invacare Corporation
  • Sleep number
  • Stryker Corporation (US)

1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Applications
2.2. Quantitative Research
2.3. Market Breakdown & Data Triangulation
2.3.1. Primary & Secondary Applications
2.3.2. Secondary Research
2.3.3. Primary Research
2.4. Breakdown of Primary Research Respondents, By Region
2.5. Assumption & Limitation

3. Executive Summary

4. Global Smart Bed Industry Insights
4.1. DROC Analysis
4.1.1. Growth Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. Technological Landscape/Recent Development
4.3. Company Market Share Analysis, 2019
4.4. Porter’s Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Intensity of Rivalry
4.5. Regulatory Framework
4.6. Company Market Share Analysis, 2019
4.7. Porter’s Five forces analysis
4.8. Impact of Covid-19 on Global Smart Bed Industry.

5. Global Smart Bed Market Overview
5.1. Market Size & Forecast by Value, 2016-2026
5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
5.2.1. By Type
5.2.1.1. Manual
5.2.1.2. Semi-Automatic
5.2.1.3. Fully Automatic
5.2.2. By Component
5.2.2.1. Sensors
5.2.2.2. Automation & Controls
5.2.2.3. Software
5.2.2.4. Real-time Systems
5.2.3. By Application
5.2.3.1. Home
5.2.3.2. Hospitals
5.2.3.3. Hotels
5.2.4. By Region
5.2.4.1. North America
5.2.4.2. Europe
5.2.4.3. Asia Pacific
5.2.4.4. Latin America
5.2.4.5. Middle East & Africa

6. North America Smart Bed Market
6.1. Market Size & Forecast by Value, 2016-2026
6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
6.2.1. By Type
6.2.2. By Component
6.2.3. By Application Type
6.2.4. By Country
6.2.4.1. United States
6.2.4.2. Canada

7. Europe Smart Bed Market
7.1. Market Size & Forecast by Value, 2016-2026
7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
7.2.1. By Component
7.2.2. By Type
7.2.3. By Application Type
7.2.4. By Country
7.2.4.1. Germany
7.2.4.2. United Kingdom
7.2.4.3. France
7.2.4.4. Italy
7.2.4.5. Spain
7.2.4.6. Rest of Europe

8. Asia Pacific Smart Bed Market
8.1. Market Size & Forecast by Value, 2016-2026
8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
8.2.1. By Component
8.2.2. By Type
8.2.3. By Application Type
8.2.4. By Country
8.2.4.1. China
8.2.4.2. India
8.2.4.3. Japan
8.2.4.4. Rest of Asia Pacific

9. Latin America Smart Bed Market
9.1. Market Size & Forecast by Value, 2016-2026
9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
9.2.1. By Component
9.2.2. By Type
9.2.3. By Application Type
9.2.4. By Country
9.2.4.1. Brazil
9.2.4.2. Mexico
9.2.4.3. Argentina
9.2.4.4. Rest of Latin America

10. Middle East & Africa Smart Bed Market
10.1. Market Size & Forecast by Value, 2016-2026
10.1.1. By Value (USD Million)
10.2. Market Share & Forecast
10.2.1. By Component
10.2.2. By Type
10.2.3. By Application Type
10.2.4. By Country
10.2.4.1. Saudi Arabia
10.2.4.2. UAE
10.2.4.3. South Africa
10.2.4.4. Rest of Middle East & Africa

11. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
11.1. Stryker Corporation
11.2. Hill-Rom Holdings Inc
11.3. Getinge AB
11.4. Paramount Bed Holdings
11.5. The BodiTrak
11.6. Invacare Corporation
11.7. Responsive Surface Technology
11.8. BAM Labs
11.9. Sleep number
11.10. ArjoHuntleigh AB
11.11. Others

*Financial Details Not Be Captured in Case of Unlisted Companies
**The segmentation and the companies are subjected to modifications based on the in-depth secondary for the final deliverable

Note: Product cover images may vary from those shown
  • Stryker Corporation (US)
  • Hill-Rom Holdings Inc (US)
  • Getinge AB (Sweden)
  • Paramount Bed Holdings (Japan)
  • The BodiTrak
  • Invacare Corporation
  • Responsive Surface Technology
  • BAM Labs
  • Sleep number
  • ArjoHuntleigh AB
Note: Product cover images may vary from those shown

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