Smart Bedding Market To Grow With an Impressive CAGR During the Forecast Period
Changing consumer preference is
driving the growth in Global Smart Bedding Market in the forecast period,
2022-2026.
According
to TechSci Research report, “Global Smart Bedding Market - Global Industry Size,
Share, Trends, Opportunity and Forecast, 2016-2026, Segmented By Product Type (Mattress, Pillow.
Bedsheets, Others), By Application (Residential, Hospital, Hospitality), By
Distribution channel (Specialty Store, Supermarket & Hypermarket, Online,
Others), By Region”,
the global smart bedding market would potentially project an impressive growth
in the forecast period, 2022-2026, with an impressive CAGR on the account of surging
demand for the technologically advanced mattresses, beddings, etc. Smart
beddings are often designed to track the consumer’s sleeping patterns, amount
and quality of the sleep the person is getting. The applications of the
advanced technologies have made it easier for the experts and concerned
practitioners treating sleeping disorder to monitor the conditions, thus
driving the growth of the global smart bedding market in the upcoming five
years. Rising instances of sleep apnea, sleep walking, and other related
problems is also supporting the future growth of the global smart bedding
market in the next five years. More consumers are getting informed about the
sleep disorders and are enthusiastic about their recovery and thus interested
in investing in smart bedding, the rising consumer inclination is also aiding
the growth of the global smart bedding market in the next five years. These
smart beddings collect and sends the information to your concerned physician or
expert, to monitor and analyses the sleeping pattern, thus popular as an
innovative medical approach for the consumers and thus supports the growth of
the global smart beddings market in the future five years. Moreover, smart bedding
also come with climate control ability by providing an onboard heating system
on cold nights while some bedding can create flows of cool air on demand,
thereby supporting the growth of the global smart bedding market in the
forecast period, until 2026.
According
to reliable sources, 59.0% of millennials are interested in sleep technology.
Smart beddings combine advanced features with technology that provides
comfortable adjustments while sleeping and connectivity. Special features like sleep
tracking, automatic mattress firmness adjustment, climate control, smart fabric
technology, adjustable bases, anti-snoring feature, IoT, and smart home
connectivity, influences consumers and motivates them to invest in smart
beddings.
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Market"
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The
global smart bedding market is segmented by product type, application,
distribution channel, regional distribution, and competitional landscape. Based
on application, the market is further bifurcated into residential, hospital, and
hospitality. Hospital sub-segment is anticipated to hold the largest revenue
shares of the market and dominate the market segment in the upcoming five years
on the account of rapidly increasing demand for the hospital beds that are
technically advanced. Moreover, the number of patients suffering from sleep
apnea in increasing and for the treatment purposes is further supporting the
growth of the global smart bedding market in the next five years. Additionally,
recent pandemic situation boosted the demand for smart bedding for the hospital
and thus aiding the growth of the smart bedding market in the recent years. The
similar effect of demand and supply is anticipated in the future five years.
PARAMOUNT BED CO., LTD., ReST, Sleep Number
Corporation, Ascion, LLC., Hi-Interiors SRL, Ultimate Smart Bed, Stryker
Corporation, The BodiTrak, Hill Rom Holdings Inc., Invacare Corporation, are
among some of the major shareholders of the global smart bedding market. Market
players are actively involved in the research and technological development in
the product developments. The advanced technology has made it possible for the
industry to provide excellent services through smart bedding. Further
advancement would aid the market value and brand establishment in the future
five years. New market players may focus
on the research and development to provide options that satisfies the consumer
demand as well as benefits the market players in building their brand value. Other
competitive strategies include mergers & acquisitions and new product
developments.
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“North America is anticipated to hold
the largest revenue shares of the market even in the future five years. Growing
penetration of the smart devices along with the consistent technological
advancements and extended research sources at work, the region is expected to
register maximum growth in the upcoming five years. Also, the consumers are
informed and actively concerned about monitoring their sleeping patterns and thus
market shows impressive growth prospects in the future five years. Asia Pacific
is anticipated to register fastest growing CAGR due to rapidly increasing
number of patients suffering from sleep disorder and rapidly increasing
technological advancements. New market players must invest in extended research
and product innovation for their brand establishment,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based Global management
consulting firm. “Global Smart Bedding
Market - Global Industry Size, Share, Trends, Opportunity and Forecast,
2016-2026
Segmented By Product
Type (Mattress, Pillow. Bedsheets, Others), By Application (Residential,
Hospital, Hospitality), By Distribution channel (Specialty Store, Supermarket
& Hypermarket, Online, Others), By Region”, has evaluated the future
growth potential of global smart bedding and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global smart bedding market.
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