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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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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