Smart beds and mattresses move beyond the conventional functionality of providing a comfortable place to rest. A range of technology applications have been added to the bed to improve sleep, health, and comfort. It comes with built-in biometric sensors that tracks body movement while sleeping, heart rate, sleep duration, and breathing pattern. To improve the quality of sleep, smart bed analyzes data for providing information on the quality of the user’s sleep, for making suggestions and to adjust itself to the changing positions while the user is sleeping. Some beds are equipped with anti-snoring devices. One can also connect with their favorite digital applications to make recommendations on temperature control and exercise time. Some smart bed can be adjusted through phones while for others one has to get out of the bed to change the settings and adjustments.

Market scope and structure analysis:

COVID-19 Scenario Analysis: 

The COVID-19 outbreak has impacted different industries differently. On one hand it has been a growth driver for food, medical, and necessity products, and on the other hand it has hampered the supply and demand for decorative and lifestyle products. Due to lockdown scenario in the various economies supply chain of smart bed and mattresses has been hampered. 

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The increase in demand for smart bed in the hospitals drives the growth of the market. Smart beds are very useful in monitoring the patients remotely. Moreover, there is rise in expenditure in the healthcare sector in developing countries due to which there is an increase in the installation of smart bed. In addition, rise in geriatric population also increases the demand for smart beds and mattresses in hospitals. Hospitals prefer smart beds over conventional beds because these beds have capabilities to analyze the data of patient through which it improves the quality of care given to the patients.

The rise in disposable income in the developing countries enables people to purchase comfort and luxury products which in turn propels the growth of the smart bed market. The change in lifestyle is also driving the market growth as people are demanding products with advanced technology and artificial intelligence. In addition, now days customers are becoming health conscious which influence them to buy smart beds and mattresses for healthy sleep.

The global smart bed market trends are as follows:

New product launches to flourish the market

Manufacturers have been focusing on producing new products for specific applications as there are varying demands based on the utilization. Companies are investing in the research and development to create new advancements in the product. They are adding new features in the smart bed such as thermostat, blood pressure measuring device, air pressure, and other devices. Thermostat is one of the features that allows smart mattresses and beds to warm and cool down the temperature of the mattress according the need of the user and the room temperature without actual loss of feel of the mattress. Manufacturers are launching new product to give a quality experience of sleep to their customers. For instance, BAM Labs has launched an innovative and advanced touch free smart bed technology which has capabilities to interpret the bio signal processing to gather various information about body of the user while sleeping. BAM Labs cloud based solution also give flexible platform through which conditions such as arrhythmias and apneas can be monitored.

High cost production restricting the market

The smart bed and mattresses market is still at its nascent stage of mass production and the sales are increasing at low rate. The major challenge with smart bed market and mattresses is the cost associated with it. The cost of production of such smart bed is very high. The cost is high due to the usage of sensors, real time system devices, automation device, artificial intelligence and other complex engineering. 

Key Segments Covered:

Key Benefits of the Report:

• This study presents the analytical depiction of the global smart bed industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global smart bed market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global smart bed market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global smart bed market analysis based on competitive intensity and how the competition will take shape in the coming years. 

Questions Answered in the Smart Bed Market Research Report:

• What are the leading market players active in the smart bed market?
• What the current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What future projections would help in taking further strategic steps?