Smart Bed Market Brief Overview by Research Cosmos
Smart Bed Market Size and Growth Rate:
Global smart bed market accounted for more than USD 2.6 Billion in 2016 and the market is projected to reach USD 4.8 Billion by the end of 2024. Furthermore, the market is estimated to increase at a compound annual growth rate of 7.9% over the forecast period.
The smart bed market is still in developing stage and the technology is anticipated to make a mark in the consumer product division with the rise in commercialization. New entrants can have a glimpse of the advancements in this developing technology segment and identify investment opportunities or market entry strategies with this limited report on the smart bed market. IoT as a technology has penetrated every aspect of human life. Accordingly of which the young tech savvy generation is looking for products that support them integrate technology into their regular seemingly non-tech activities. Smart bed market for hospitals have features such as sleep analysis and heart rate monitor which may facilitate doctors keep a track of patient’s health in real time. These smart beds are equipped with touch free sensors located under the mattress. The smart bed helps to preserve health by keeping a track of the person respiration rate, heart rate, pulse and others.
Browse More Information and TOC @ https://www.researchcosmos.com/reports/global-smart-bed-market-analysis-and-forecast-2016-2024-industry-growth-opportunities/9507793
Smart Bed Market Growth Drivers and Restraints:
The next generation of users belonging to smart cities are expecting higher level of comfort while they are in their own home. Smart beds serve the exact drive by facilitating users sleep better. Smart beds integrate themselves with the other devices of the user and gather data from devices such as fitness trackers and smartphone to identify user’s sleep patterns. Smart beds are hence driven by the user’s need for comfort. Nevertheless, Smart Bed is a comparatively new product in the industry and there are not several smart beds commercially available in the market. Smart beds can only by adopted in the mainstream market once users clearly see significant advantage from the end products. Right now, the products are under experimentation stage and are a part of uber luxury products market. The product being experimental and their costs are hampering the growth of the overall smart bed market.
Avail Sample of the report for more information @ https://www.researchcosmos.com/request/global-smart-bed-market-analysis-and-forecast-2016-2024-in/9507793
Geographical Overview of Smart Bed Market:
Geographically, Global Smart Bed Market has been dominated by North America followed by Europe. Europe is expected to register the second-largest share of the market.
Key Players of Smart Bed Market:
The Global Smart Bed Market report analysis includes major companies like Paramount Bed Co., Stryker Corporation, BodiTrak, ArjoHuntleigh AB, Hill Rom Holdings Inc., Hi-Interiors SRL, Balluga Limited, BAM Labs, Stryker Corporation, Hi-Interiors, and Responsive Surface Technology.
Smart Bed Market Segmentation:
By Product Type:
- Manual
- Semi-Automatic
- Fully-Automatic
By End Users:
- Residential
- Hospitals
- Luxury Hotels
By Geography:
- North America
- Latin America
- Europe
- Asia-Pacific
- Middle East & Africa
- Rest of World
Make an Inquiry before buying @ https://www.researchcosmos.com/inquire/global-smart-bed-market-analysis-and-forecast-2016-2024-in/9507793
About Us:
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
Contact:
Kevin Stewart
Global Sales Manager
Research Cosmos
Blog: https://acutemarketinsights.com
Blog: https://marketreportsweb.com/
+1 888 709 8757