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Sep 14, 2020 6:56 AM ET

Smart Bed Market Will Generate Massive Revenue In Coming Years | Stryker Corporation, Responsive Surface Technology, Paramount Bed Co, BodiTrak


iCrowd Newswire - Sep 14, 2020

The ‘ Smart Bed  market’ research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview; Smart Bed  derived key statistics, based on the market status of the manufacturers and is a valuable source of guidance and direction for companies and individuals interested in Smart Bed  market size forecast, Get report to understand the structure of the complete fine points (Including Full TOC, List of Tables & Figures, Chart).

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A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

covid-19 scenario Market Behavior/ Level of Risk and Opportunity End Industry Behavior/ Opportunity Assessment Expected Industry Recovery Timeline Business Impact Horizon
Opening of Economy by Q3 2020 xx xx xx xx
Recovery – Opening of Economy extended till Q4 2020 / Q1 2021 xx xx xx xx

 Smart Bed Market by Product .Manual, Semi-automatic and Fully-automatic), End-user .Residential, Hospital, and Other End Users), Distribution Channel .Supermarkets, Specialty Stores, Online and Other Distribution Channels), Geography .North America, Europe, APAC, and RoW) – Forecast to 2026

Smart Bed Market is predicted to grow at a CAGR of 11.6% in the forecasting period. The market is predicted to reach $7,735 million in 2026 from $4,003 million in 2020. 

The smart bed market also provides the analysis of major players of the market include Stryker Corporation, Responsive Surface Technology, Paramount Bed Co, BodiTrak, ArjoHuntleigh AB, Sleepnumber, Invacare Corporation, Hi-Interiors SRL, BAM Labs and Balluga Limited, and Hill Rom Holdings Inc

A smart bed is a bed installed with sensors and technologies, which gives information about how well an individual is sleeping, and the smart technology in the bed helps a person to improve the sleep. Some smart beds are also available with in-built installed features such as TV and alarm. There are smart bed sheets available that adjust according to the weather changes in the night. The smart bed market is an emerging market with multiple factors propelling the market growth including the increasing preference for smart beds for the athletes, rising elderly population, increasing incidence of diseases, and the consolidation of internet of things .IoT) in this technology. Although, the high costs incurred in purchases and maintenance can be considered as the constraint to the market growth. Smart Bed Market is predicted to grow at a CAGR of 11.6% in the forecasting period. The market is predicted to reach $7,735 million in 2026 from $4,003 million in 2020. 

The scope of the smart bed market report includes:

Based on the Product:

Manual

Semi-automatic

Fully -automatic

Based on the End User:

Residential

Hospital

Other End Users

Based on the Geography:

North America

Europe

Asia Pacific

Rest of the World

Smart bed market segmented based on the product – The semi-automatic smart bed segment is estimated to have the largest demand share in the market as these semi-automatic beds are commonly used in the hospitals and for the homecare settings for the patients. These beds can be enabled to adjust to eating food as well as for sleeping also.

As per the end-users market segmentation, the hospitals have a major role in the market growth as the smart beds are mostly used in hospitals for effective patient monitoring and easy management of the patient’s health condition and for the better improvement of the patient. The advancements in smart bed technology are enhancing the market in the end-user segment.

The distribution channel market segment in the smart bed market is divided into supermarkets, specialty stores, online, and other distribution channels. The online distribution channel is accounted to have the largest share due to the increasing e-commerce adoption, and the favorable discounts in the online purchases.

As per the geographical analysis, North America is said to acquire a major part of the market share as it is observed the growing adoption of advanced technology in the healthcare and the rising incidence of diseases and the increasing elderly population. On the other hand, the Asia Pacific is also expected to be a lucrative market due to the innovative manufacturers in countries such as China, Korea, and Japan.

Globally, smart beds are majorly used in the medical sector for the easy and effective monitoring of the patients. The major aspects impelling the smart bed market growth include the increasing rate of diseases results in the growing number of patients; increasing investments in the healthcare facilities in the healthcare sector, and the increasing preference of the smart bed for the athletes to self monitor their sleep. The dearth of the skilled manufacturer in some countries in this field is a constraint in the market growth.

The smart bed market also provides the analysis of major players of the market include Stryker Corporation, Responsive Surface Technology, Paramount Bed Co, BodiTrak, ArjoHuntleigh AB, Sleepnumber, Invacare Corporation, Hi-Interiors SRL, BAM Labs and Balluga Limited, and Hill Rom Holdings Inc

However, the scope of the smart bed market is increasing globally as the preference is given for the comfortable and for health in the emerging regions. The increasing technological improvements in the smart bed manufacture are solidifying market growth. This report gives the smart bed market analysis based on the qualitative and quantitative for the better experience of the user.

This report provides an in-depth analysis of the smart bed industry and the market trends, opportunities

This report also gives the analysis of the product innovation in the smart bed market and the investments of the leading players in the research and development

This report helps the research and development industry of the smart bed market for the innovative development in the product

This research also provides the analysis of market spread all over the world

A systematic step framework for How to Tackle The Situation… “MITIGATE” | “SUSTAIN” | “GROW”: Business Strategy Recovery, Scenario and Planning

Key Segments Studied in the Global Smart Bed  Market

Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan

In-Depth Qualitative Analyses Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

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Changing Forecasts in a Time of Crisis: explores key issues, including:

Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis

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Key Points Covered in Smart Bed  Market Report: COVID 19 Impact Analysis

Table of Contents

Executive Summary

Industry Outlook

Industry Overview

Industry Trends

Market Snapshot

Total Addressable Market

Segment Addressable Market

PEST Analysis

Porter Five Forces

Related Markets

Ecosystem

Market Outlook

Overview

Market Evolution

Market Trends and Impact

Pricing Analysis

Market Segmentation

Market Dynamics

Drivers

Restraints

Opportunities

DRO – Impact Analysis

Product: Market Size & Analysis

Manual

Semi-automatic

Fully -automatic

End-user: Market Size & Analysis

Residential

Healthcare

Other End Users

Geography: Market Size & Analysis

North America

Europe

Asia Pacific

Rest of the World

Competitive Landscape

Competitor Comparison Analysis

Market Developments

Mergers and Acquisitions, Legal, Awards, Partnerships

Product Launches and execution

Vendor Profiles

Paramount Bed Co

Overview

Business Units

Geographic Revenue

Product Offerings

Developments

Business Strategy

Stryker Corporation

Overview

Business Units

Geographic Revenue

Product Offerings

Developments

Business Strategy

BodiTrak

Overview

Business Units

Geographic Revenue

Product Offerings

Developments

Business Strategy

ArjoHuntleigh AB

Overview

Business Units

Geographic Revenue

Product Offerings

Developments

Business Strategy

Hill Rom Holdings Inc

Overview

Business Units

Geographic Revenue

Product Offerings

Developments

Business Strategy

Sleepnumber

Overview

Business Units

Geographic Revenue

Product Offerings

Developments

Business Strategy

Invacare Corporation

Overview

Business Units

Geographic Revenue

Product Offerings

Developments

Business Strategy

Responsive Surface Technology

Overview

Business Units

Geographic Revenue

Product Offerings

Developments

Business Strategy

Hi-Interiors SRL.

Overview

Business Units

Geographic Revenue

Product Offerings

Developments

Business Strategy

BAM Labs

Overview

Business Units

Geographic Revenue

Product Offerings

Developments

Business Strategy

Analyst Opinion

Annexure

Report Scope

Market Definitions

Research Methodology

Data Collation and In-house Estimation

Market Triangulation

Forecasting

Report Assumptions

Declarations

Stakeholders

Abbreviations

Continued….

……..and view more in complete table of Contents

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Keywords:    Smart Bed Market, Smart Bed Market Analysis, Smart Bed Market Growth, Smart Bed Market Scope, Smart Bed Market Share, Smart Bed Market Trend, Smart Bed Market Development, Smart Bed Market Sales, Smart Bed Market Forecast, Smart Bed Market Opportunities

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