Smart Bed Market

Smart Bed Market Outlook (2023 to 2033)

The global smart bed market is estimated at a valuation of US$ 3.42 billion in 2023. Fact.MR’s study estimates that the rising trend and craze of smart homes will drive the sales of smart consumer appliances, including smart beds. Worldwide sales of smart beds are foreseen to rise at a CAGR of 7% and reach US$ 3.73 billion by 2033.

Rising automation & improving patient care technology are increasing the use of smart beds in hospitals, further boosting the growth of the smart bed industry. The rapid advancements in healthcare facilities across several regions and supportive healthcare initiatives by respective governments are further increasing the installations of smart beds globally.

Smart beds are equipped with advanced technologies which enhance users' comfort by managing innovations on fingers. Smart beds are a combination of bed sensors and trackers which collects various human sleep monitoring parameters such as heart rate, breath rate, body temperature, body movement, and more.

Automatic mattress arrangement, temperature control, sleep tracking & anti-snoring features, the Internet of Things (IoT), and the ability to control with other smart home technologies are increasing the popularity of smart beds. The revenue shares of smart bed market players are increasing due to smart bed’s ability to provide valuable insights into sleep quality and their compatibility with other smart devices such as smartphones, smart TVs, and other devices.

Manual, semi-automatic, and fully-automatic are some of the types of smart beds. Among others, demand for fully-automatic smart beds is high, especially in the healthcare industry due to its advanced bed wellness technology. By eliminating the need for manual adjustments, fully-automatic smart beds are the most convenient smart sleep solutions for users. Managing through smartphones or voice control integrations, users can customize beds according to their preferences.

Fully-automatic smart beds are highly employed in hospitals due to their efficient comfort features which are essential for patient care. Smart beds are embedded with various safety features, such as built-in sensors that can detect patient movement and alert nurses or caregivers about any potential risks, such as falls or patients attempting to leave the bed unassisted.

The importance of fully-automatic smart beds is high in busy hospitals due to their ability to be adjusted, repositioned, and managed remotely, reducing the physical strain on healthcare staff. These features are further aiding the growth of the intelligent bed market.

Report Attributes	Details
Smart Bed Market Size (2023E)	US$ 3.42 Billion
Forecasted Market Value (2033F)	US$ 6.73 Billion
Global Market Growth Rate (2023 to 2033)	7% CAGR
Leading Regional Market	North America
Rapidly Expanding Regional Market	Asia Pacific
Key Companies Profiled	Invacare Corporation Paramount Bed Co. Stryker Corporation BodiTrak Hill Rom Holdings Inc. Ultimate Smart Bed Arjo AB Sleep Number Corporation Tempur Sealy International, Inc. Serta Simmons Bedding, LLC Ergomotion Inc. Kingsdown, Inc. Select Comfort Corporation Reverie Leggett & Platt, Inc. Hi-Interiors Srl Hilding Anders International AB Luna iSense Sleep Levitas Design LLC Balluga Limited Responsive Surface Technology, LLC A.H. Beard Magniflex S.p.A. Beddit, Inc. Nightingale ZEEQ Smart Pillow

Which Market Trends are Influencing the Revenue Growth of Smart Bed Manufacturers?

“Advancements in Sleep Health Technology Increasing Adoption of Smart Beds in Hospitals”

The healthcare sector is experiencing rapid technological advancements, leading to high demand for smart technologies including smart beds, which aim to enhance patient care and treatment quality. Smart hospitals are embracing automation, digitization, and various other technological innovations to deliver more efficient and effective treatments. Consequently, the adoption of smart beds is increasing swiftly, as they enable the monitoring of sleep quality and other crucial health indicators.

Ongoing technological transformation in healthcare is fuelling the need for cutting-edge sleep monitoring devices. A prime example is the growing trend of personalized care and proactive health management. This shift empowers healthcare organizations to respond better to health emergencies and opens up new avenues for medical testing opportunities.

Several transformative technologies, such as 3D printing, telemedicine, artificial intelligence (AI), augmented reality (AR), and virtual reality (VR), are now integral parts of healthcare systems. This transformative shift represents a significant departure from the traditional approach to healthcare, ushering in a new era of smarter and more sophisticated medical practices. Thus, all such aspects are boosting the demand for smart beds.

• Forbes, an American business magazine, reported in July 2021 that healthcare organizations are now able to offer more personalized care and be proactive in health emergencies due to technological advancements in the medical sector.

“Smart Home Bedding Growing Need of Modern Families”

Rising popularity of smart home technologies is transforming the way individuals engage with their living spaces. Smart home systems incorporate a range of internet-connected gadgets and appliances, enabling homeowners to manage and automate their homes through smartphones, voice-activated assistants, or central hubs. The trend of having smart homes is boosting demand for smart beds that can easily integrate with other intelligent consumer appliances.

High level of convenience & comfort is attracting modern users to buy smart beds. The integration of voice control devices & smartphones is also boosting smart bed sales growth. These devices help users to command smart beds to manage bed adjustments. Smart beds can be programmed to adjust automatically based on specific triggers, such as a pre-set bedtime routine or sleep schedule. They can also be synchronized with other smart bed connectivity devices such as smart mattresses, smart lighting systems and thermostats. Bed automation is changing the look of new homes.

Which Challenges Need to Be Tackled by Suppliers of Smart Beds?

“Storage of Sleep Analytics Raising Concerns among Users”

Integration of advanced technologies and data collection capabilities in smart beds offers numerous benefits, such as personalized sleep tracking and health insights. However, the collection of sleep analytics and sensitive data, including sleep patterns and biometric information are raising legitimate concerns about data privacy and security. These concerns may distract some consumers from buying smart beds.

Smart beds equipped with sensors and internet connectivity continuously collect data on users' sleep patterns, heart rate, breathing, and movement. This data is often stored either locally on the bed's control unit or on cloud servers maintained by the manufacturer or a third-party service provider. This is raising concerns among consumers regarding the accessibility of the data, its storage, and privacy.

“Smart Beds Require Advanced Home Infrastructure, Bringing Additional Budgetary Challenges”

Adoption of smart beds may face barriers due to the additional infrastructure requirements they entail. To function effectively and offer seamless integration with smart home ecosystems, smart beds typically rely on Wi-Fi connectivity or require compatibility with a smart home hub. This reliance on additional infrastructure can pose financial challenges to some consumers and impact the overall market growth.

Smart beds usually require a stable Wi-Fi network to communicate with other smart devices and receive software updates. In areas with poor internet connectivity or limited access to high-speed Wi-Fi, the functionality of the smart bed may be compromised, leading to a less appealing product for potential buyers. Some smart beds may need to connect to a central smart home hub to integrate with other devices in the home. This introduces an additional layer of complexity and potential compatibility issues, as not all smart home hubs support every smart bed model.

Which Strategy Would Aid New Companies Reach More Buyers?

“Partnerships with Established Market Players Can Lead to Wider Clientele Reach”

Growing demand for connected and personalized sleep solutions is creating potential opportunities for newcomers entering the smart bed business. The rapid advancements in smart home technologies, the introduction of the Internet of Things (IoT), and sleep-tracking capabilities are generating a profitable environment for innovative start-ups and new companies to introduce cutting-edge smart bed products including smart mattresses.

Offering competitive pricing relative to the value provided by the smart bed can be an advantage for newcomers seeking to attract price-conscious consumers. Careful pricing strategies that balance value and affordability can help newcomers gain an edge in the market. Collaborating with established companies in the smart home technology, health, and wellness industries can expand the newcomer's reach and access to potential customers.

Country-wise Analysis

Why are Top Manufacturers of Smart Beds Thriving in the United States?

“Smart Beds Popular Consumer Appliance among Tech-savvy & Medically Disabled Consumers”

Smart beds are highly popular among tech-savvy American consumers. The growing craze of smart homes is increasing the adoption of smart homes in the United States.

Rising prevalence of chronic disorders such as arthritis and obesity among the older population is increasing the demand for smart beds in the United States. Along with this, increasing cases of sleep-related disorders in the country are increasing the need for smart beds, which aid in sleep info tracking, adjustable firmness, and temperature control.

Will Germany be a Profitable Market for Suppliers of Smart Beds?

“Smart Beds Vital Component in Advanced German Healthcare Facilities”

German consumers are known for their emphasis on quality and reliability, and smart bed manufacturers are responding by focusing on superior craftsmanship and durable & sustainable materials. Sales of smart beds are further increasing due to the rising adoption of IoT devices and smart home technologies across the country.

The country’s advanced healthcare facilities are also aiding sales of smart beds. Germany is well-known for medical tourism. The rising population of medical tourists generates the necessity to be updated with advanced medical technologies, which is further generating potential growth opportunities for key suppliers of smart beds.

How is the South Korea Market for Smart Beds Expected to Fare?

“Owing Smart Appliances Pride Status among South Koreans”

The smart bed market in South Korea is experiencing rapid growth, primarily due to the country’s strong inclination towards adopting cutting-edge technology. The tech-savvy South Korean consumers embrace smart beds with enthusiasm, viewing them not only as sleep-enhancing products but also as lifestyle statements. As a result, leading smart bed manufacturers are developing sleek and modern designs that seamlessly integrate with South Korean consumers' contemporary living spaces.

With a fast-paced urban lifestyle, consumers in South Korea appreciate the convenience and automation that smart beds offer, such as sleep tracking, smart alarms, and integration with other smart devices.

• Last year (2022), the ‘Korea Sleep Festa’ gave people a chance to explore new and innovative sleep solutions with artificial intelligence (AI) and Internet of Things (IoT) technologies. Visitors witnessed the most up-to-date technologies, including sleep-inducing smart devices that help people fall asleep and advanced information systems that use big data analytics to improve sleep.

Category-wise Analysis

Why Smart Beds are Most Widely Utilized in Hospitals?

“Smart Beds Equipped with Advanced Medical Technologies Gaining Traction in Healthcare Sector”

Smart beds utilized in hospitals are primarily focusing on elevating patient management and facilitating improved recovery. Within the healthcare sector, smart beds are gaining substantial traction due to continuous technological advancements, empowering hospitals to provide enhanced healthcare services to their patients. The high investments by respective governments in hospitals to equip them with the latest technologies & equipment, including smart beds, are boosting the revenue growth of smart bed producers.

Rising prevalence of cardiovascular disorders is the major driver boosting the demand for smart beds. These beds come equipped with integrated cardio monitoring sensors and devices, effectively raising an alert in case of a heart attack, thereby aiding in the monitoring and management of such critical conditions.

Competitive Landscape

Invacare Corporation, Paramount Bed Co., Stryker Corporation, BodiTrak, and Hill Rom Holdings Inc. are some of the top brands in the smart bed market. These leading companies are investing heavily in research and development activities to create innovative and technologically advanced smart beds. They are continuously introducing new features, such as AI-powered sleep tracking, adjustable firmness, temperature control, and integration with smart home ecosystems, to attract tech-savvy consumers.

• In December 2021, Reverie, a prominent smart bed manufacturer, unveiled a collaboration with Eight Sleep, a leading sleep technology company to create an innovative range of smart mattresses. The mattresses are equipped with cutting-edge sleep tracking and biometric monitoring technology that offers users personalized analysis of their sleep patterns and tailored suggestions.

Key Segments of Smart Bed Industry Research

• By Product Type :

  • Manual
  • Semi-automatic
  • Fully-automatic

• By End User :

  • Residential
  • Hospitals
  • Hospitality

• By Distribution Channel :

  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Online

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA