Smart Bed Market is Anticipated to Expand at a CAGR of 7.9% to Reach USD 4.8 Billion

According to Goldstein Research, there is a huge demand for smart beds in the hospitals as compared to the residential sector as these beds are very useful in remote monitoring of patients. Rising expenditures over healthcare sector across the globe and growing geriatric populations increased the demand for smart beds in hospitals. Further, increasing penetration of smart technologies such as IoT and Artificial Intelligence will further boost the growth of smart bed technology over the forecast period. Global smart bed market report outlook also includes new technological innovations, product developments and capital investment as the key strategies adopted by the major players for the significant expansion of business in developed and as well as in developing countries across the globe. However, the high cost related to smart beds is a major challenge for the market players, as smart beds majorly consist of sensors and complex engineering.

Market Segmentation

On the basis of our in-depth analysis, global smart bed market can be segmented as follows:

 

 

  • By Product Type
    • Manual
    • Semi-Automatic
    • Fully-Automatic

 

  • By End Users
    • Residential
    • Hospitals
    • Other (Luxury Hotels etc.)

 

  • By Geography
    • North America (US, Canada) {Market Share (%), Market Size (USD Billion)}
    • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion)}
    • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion)}
    • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion)}
    • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion)}

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Global Smart Bed Market Outlook 2024contains a detailed overview of the global smart bed market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product and by end users.

Further, for the in-depth analysis, Global smart bed market analysis encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Stryker Corporation, BodiTrak, ArjoHuntleigh ABetc, Hill Rom Holdings Inc., Invacare Corporation, Responsive Surface Technology, Hi-Interiors SRL. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global smart bed market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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