Global Smart Bed Market Outlook 2024: Opportunity & Growth Analysis, 2016-2024 by Goldstein research

Global Smart Bed Market Outlook

Global Smart Bed Market Outlook 2024: Opportunity & Growth Analysis, 2016-2024

Report Code :HC 1335

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Global Smart Bed Market Size (USD Million) & Growth Analysis Global Smart Bed Market Size (USD Million)-2016-2024

Sample Report

XX XX

XX 2016e

2017e

Source: Goldstein Research

m a S

2018f

2019f

2020f

e l p

2021f

2022f

2023f

2024f

Smart Bed Market

is anticipated to expand at a compound annual growth rate of XX% during the forecast period i.e. 2016-2024. Moreover, healthcare sector is the major end use industry which provides the huge growth opportunities in both developed and developing nations. With aging infrastructure in some countries and demand for more beds in others, hospital executives and governments should consider rethinking how to optimize inpatient and outpatient settings, how to best connect with consumers, and how to integrate digital technologies into traditional hospital services to truly create a health system without walls. Further, the emergence of smart homes concept and growing implementation of internet of things will surely augment the growth of smart bed technology during the forecast period. The global smart home market is expected to grow to USD XX billion by 2024. Global companies (e.g., Google, Amazon, and Samsung Electronics) are entering this huge market, and they are providing innovative services and products to take advantage of the growing market. Many start-ups are also making efforts to join this growing market.

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Global Smart Bed Market Outlook Global Smart Bed (Million). 2016-2024

Market

Size

Global Smart Bed Market Share(%), By Region-2016-2024

USD

Sample Report

XX XX

XX% CAGR: (2016-2024)

XX XX

7.0022.0 7.00 %%20160% 28.0 0% 36.0 0%

XX XX

Asia Pacific

XX 2016e 2017e 2018f

Source: Goldstein Research

2019f

m a S 2020f

2021f

2022f

2023f

2024f

e l p North America

Europe

Latin America

Middle East and Africa

Source: Goldstein Research

Semi-Automatic Smart Beds accounted for the highest market share XX % in global Smart Bed market In 2016,

6.8622.55 7.84 %% % 2024 28.43 % 34.31 %

With

XX% share in 2016, North

America dominated the global Smart Bed market

Download Exclusive Sample Report: https://www.goldsteinresearch.com/request-sample/global-smart-be d-market-by-size-trends-mode-type-region-opportunities Similar Report: Furniture Market Outdoor Furniture Market RTA Furniture Market Office Furniture Market Healthcare Furniture Market

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Global Smart Bed Market Outlook  Development of information technology in the health care system including application of wireless sensor networks (WSNs) has led to easy and quick serviceproviding. This has led to the significant adoption of smart beds in healthcare facilities of which prevention of bedsore disorder is one of the major application.  Bedsore is the third costly disorder after cancer and cardiovascular diseases. In various studies, treatment costs have been estimated to be about USD XXX-XXX for grades 1 and 2 of bedsore and USD X,XXX-X,XXX for grades 3 and 4 of bedsore. In Spain XX%, in the UK about XX%, and in the Netherlands more than XX% of the total health care costs are spent on the treatment of bedsore. In developed countries, the prevalence of bedsore varies X-XX% and its incidence varies X-XX%.

e l p

 Recent advances in the field of technology have led to the emergence of innovative technological smart solutions providing unprecedented opportunities for application in the tourism and hospitality industry. With intensified competition in the tourism market place, it has become paramount for businesses to explore the potential of technologies, not only to optimize existing processes but facilitate the creation of more meaningful and personalized services and experiences which has led to the significant adoption of smartbedding solutions.

m a S

• For the XX% of people in the UK who only get five hours of sleep per night, the sleeping environment will be enhanced through anti-sound technology, removing unwanted noise, pollen and virus filters.

Growing Geriatric Population

Technological Advancements

Personal Disposable Income

• One of the latest trends in bedding has been for the gamer. Predictions state that gamer beds will become increasingly popular. These beds will feature built-in gaming systems with surround sound and ambient lighting that responds to the game atmosphere. Gamers can turn on the privacy blinds and adjust the lighting to feel as if they are truly in the midst of the game. • One of the latest predictions in beds, is the canopy style pod bed. This bed features a media screen on the top of the canopy that allows occupants to watch TV or movies and browse the Internet.

Global Smart Bed Market Size (USD Million) Europe North America

2016

USD XX Million

2024

USD XX Million

Increasing Consciousness

Asia-Pacific USD XX Million

USD XX Million

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Global Smart Bed Market Outlook : 2016-2024

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Global Smart Bed Market Share (%), By End Users, 2016-2024

In the last few decades, the life expectancy in most countries in the world has increased dramatically. This improvement is achieved primarily due to significant advancements in medical science and diagnostic technology, as well as the rising awareness about personal and environmental hygiene, health, nutrition, and education. However, increased life expectancy coupled with falling birthrates is expected to result in a large aging population in the near future. In fact, according to the World Health Organization (WHO), the elderly population over 65 years of age would outnumber the children under the age of 14 by 2050 which will significantly boost the growth of smart beds adoption with medical benefits in both healthcare and residential sectors.

12.00% XX%

Residential 38.00% XX%

2016

2024

Hospitals 50.00%

XX% Other (Luxury Hotels etc.)

Source: Goldstein Research

m a S

e l p

Global Smart Bed Market Y-O-Y Growth, By End Users, 2016-2024

XX%

2016e

2017e

2018f

XX%

2019f

XX%

2020f

XX%

2021f

XX%

2022f

XX%

2023f

XX%

In addition, about XX% of the world’s population suffers from various disabilities, with XXX–XXX million adults having significant functional difficulties. People with disabilities, due to their limited mobility and independence, are often deprived of their regular healthcare needs.

2024f

Source: Goldstein Research

Global Smart Bed Market Size (USD Million), By End Users -2016-2024 XX

XX XX

2016 Residential

2024 Hospitals

Other (Luxury Hotels etc.)

Source: Goldstein Research

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Global Smart Bed Market Outlook By Hopitals: 2016-2024 Global Smart Bed Market Size (USD Million), By Hospitals, 20162024 XX XX XX XX

By 2025, 10 percent of hospitals across the globe will become or will have started implementations to become smart hospitals.

XX XX XX 2016e

2017e

m a S

2018f

2019f

2020f

2021f

2022f

2023f

Source: Goldstein Research

e l p

2024f

Global Smart Bed Market Y-O-Y Growth, By Crumb Rubber, 20162024

19.40%

20.15%

20.48%

2016e

2017e

2018f

20.80%

2019f

Hospitals increasingly will turn to “smart technologies” in order to save money, improve operational efficiencies, and deliver higherquality care, according to a new industry forecast.

21.85%

22.50%

23.00%

23.50%

2020f

2021f

2022f

2023f

25.00%

2024f

Source: Goldstein Research

 Smart home with integrated ehealth and assisted living technology is an example of an IoT application in gerontechnology that can potentially play a pivotal role in revolutionizing the healthcare system for the elderly. As the world is rapidly moving towards the new era of the IoT, a fully functional smart home is closer to reality than ever before. Providers need to work in collaboration with health system partners to apply the technology that can help achieve the necessary changes. Embracing digital technology and big data (including genomics) will help deliver not only improved patient outcomes but also lower healthcare costs, while delivering personalized care to patients.

Adoption Smart Bed Solution by Hospitals in Different Countries, 2012-2017 XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% 2012

Europe Japan Korea USA

Source: Goldstein Research

2013

2014

2015

2016

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United States Smart Bed Market Size (USD Million) & Y-O-Y growth (%), 2016-2024 United States Smart Bed Market Size (USD Million), Compound Annual Growth Rate (%), Y-OY Growth Rate (%), 2016-2024

Sample Report

XX XX

XX XX XX

XX%

XX XX XX 2016e

XX%

m a S XX%

2017e

XX%

CAGR: (2016-2024)

XX XX

XX%

2018f

2019f

2020f

Source: Goldstein Research

Key Insights

Americans have started waking up to the mental, physical, and economic costs of sleep insufficiency. Consumers are increasingly including sleep in their definition of healthy lifestyles, along with diet and exercise, and some employers are even including sleep in their wellness programs and outfitting their offices with nap rooms. For example, the US Army’s “performance triad” puts sleep on par with diet and physical fitness as pillars of soldier performance.

Millions of Americans also turn to treatment-based remedies. Prescription medications generate well over USD XX billion a year in sales in the United States, while over-the-counter sleep aids generate hundreds of millions of dollars in additional sales.

XX%

e l p 2021f

XX% XX% XX%

XX%

2022f

XX% XX% XX% XX%

2023f

Average annual expenditure (USD) of affluent households in the United States on bedroom linens from 2013 to 2016 2016

2015

2014

2013

100

120

140

160

Source: Goldstein Research

The broad range of sleep-health products and services creates a plethora of entry points and investment theses for private equity firms to consider, ranging from potential roll-up strategies (e.g., mattresses and bedding) to building a holistic portfolio of sleep-health solutions (e.g., sleep labs, consultants, and monitoring tools). When looking at specific players in the space, it is important to assess them on three key dimensions: brand credibility, differentiation, and growth hooks. Copyright

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North America Smart Bed Attractiveness-By Country, 2016-2024

Market

North America Smart Bed Market Attractiveness-By Country, 2016-2024 XX

Sample Report

CAGR (%)

XX XX

e l p m

Market Size (USD Million) Canada Source: Goldstein Research

United States

According to the above graph, US Smart Bed market is anticipated to be the most attractive market across the region, for new entrants looking to enter in the market, existing players looking for business expansion and investors seeking investment opportunities over the forecast period i.e. 2016-2024

a S

Meanwhile, consumers with more severe sleeping challenges are turning increasingly to professional diagnostic and treatment options, creating more business for medical clinics, health service providers, and pharmaceutical companies. There are approximately XX thousand sleep labs across the United States, which generate over USD XX billion a year in revenueâ&#x20AC;&#x201D;on track to reach USD XX billion in the next five years. Sleep-apnea devices generate more than USD XX billion in sales.

North America North America Smart Bed Market BPS Analysis- By Country, 2016-2024 XX% XX%

30%

XX%

40% Canad a

XX% XX% XX% XX%

70%

XX%

US 60%

XX% XX% XX% 2016

2024

Source: Goldstein Research

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Global Smart Bed Market Outlook

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