Smart Bed Statistics 2023: The Latest Trends and Insights
Page Contents
- Introduction
- Key Takeaways
- Global Market Overview
- Technology Advancements
- Usage Type Statistics
- By Age Group Statistics
- Income and Education
- Geographic Location
- Health Benefits
- Sleep Quality Improvement
- Health Monitoring Features
- Pricing Trends
- Leading Manufacturers
- Challenges
- Future Predictions for the Market
- Conclusion
Introduction
Smart Bed Statistics: Over the years, the demand for smart beds has been gaining huge recognition in the global marketplace and is anticipated to increase its growth trajectory in the year 2023. The technology improvements have caused a range of new features that are designed to enhance sleep exceptionally, such as built-in sensors, automated modifications, and customized sleep monitoring. This also is increasingly being used in hospitals and healthcare sectors to display patient vitals and enhance average-affected person care.
Smart bed usage information shows that these beds are becoming increasingly famous among clients, with sales anticipated to keep to upward thrust within the coming years. In addition to enhancing sleep nicely, smart beds offer more than a few fitness blessings, with improved stream, decreased loud night breathing, and reduced returned pain. A report published by Mordor Intelligence stated that the marketplace is expected to be worth $2.88 billion in 2023 and $3.64 billion by 2028, developing at a CAGR of 4.80%.
(Source: researchandmarkets.com)
Key Takeaways
- The global smart bed market is expected to develop at a CAGR of 6.8% by 2023-2029.
- The global clever mattress marketplace is predicted to attain $3.64 billion by way of 2028, growing at a CAGR of 4.80% throughout the forecast length.
- The international call for technology-driven beds is projected to increase at a CAGR of 7% all through the forecast length between 2023 and 2033.
- From 2018 to 2022, sales witnessed a large increase, registering a CAGR of 3.7%. Hospitals are predicted to contain 32% of the full usage by 2033.
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Global Market Overview
- The international smart mattress market is predicted to develop notably in the coming years. A report by Grand View Research published that, the marketplace size valued at $2.55 billion in 2022.
- A report of Mordor Intelligence has published a compound annual growth rate (CAGR) of 3.8% from 2023 to 2030.
- The market size is estimated at $2.88 billion in 2023 and is anticipated to reach $3.64 billion by 2028, with a CAGR of 4.80% (2023-2028).
- Hospitals are expected to be the biggest consumers of smart beds, accounting for 32% of overall usage, in keeping with Future Market Insights
- They gain a reputation because of their functions including sleep tracking, adjustable firmness, and temperature management.
- The healthcare sector is expected to be the highest purchaser of smart beds, pushed via the increasing incidence of continual illnesses and the developing old populace.
These smart beds have gained huge popularity as they offer features consisting of sleep monitoring, adjustable firmness, and temperature management that may assist in enhancing sleep satisfaction. They are increasingly being used in hospitals to monitor patients' vital signs and offer better care. The increasing incidence of persistent illnesses and the growing old populace are predicted to power the call for smart beds inside the healthcare area.
Technology Advancements
- These advancements have made it possible for people to display and enhance their sleep, main to a better standard of health.
- These sensors can reveal a character's heart rate, respiration patterns, sleep length, and body moves. This record is then used to provide personalized sleep tracking, permitting individuals to perceive styles and make modifications to improve their sleep high-quality.
- Another big advancement in the smart mattress era is the integration of custom cooling and heating. This function allows individuals to set their preferred temperature for dozing, making sure of maximum consolation and relaxation.
- Beds additionally come prepared with capabilities like adjustable firmness and pressure alleviation.
The bed technology has come a long way in recent years, with new advancements and functions being brought frequently. These advancements have made it viable for people to screen and improve their sleep fine, leading to better normal health.
Usage Type Statistics
(Source: emergenresearch.com)
These tech beds are getting more and more popular due to their ability to offer better sleep and comfort. Here are a number of the modern-day data on clever bed utilization:
- The international marketplace length became valued at $1260.69 million in 2023 and is predicted to reach $3.64 billion by way of 2028, growing at a CAGR of 4.8% during the forecast period (2023-2028).
- In 2023, the clever mattress marketplace is envisioned to be worth $2.88 billion, with a projected CAGR of 6.8% throughout the forecast duration.
- Hospitals are expected to comprise 32% of total clever mattress usage through 2033, with the North American market expected to lead the manner.
- The predominant groups in the clever mattress market consist of Paramount Bed Co., Stryker Corporation, The BodiTrak, Hill Rom Holdings Inc., and Invacare Corporation.
- The growing expenditures in sleep generation because of advanced dwelling standards have pushed the want for tech beds.
- These are especially famous amongst human beings with continual aches, as they can modify the bed to provide higher aid and pressure alleviation.
Overall, the marketplace is predicted to continue to grow as people come to be more privy to the advantages of clever beds for better sleep and general fitness.
By Age Group Statistics
Tech beds have received recognition in recent years due to their advanced capabilities and ability to enhance sleep. They are prepared with sensors, actuators, and other technology that can music and alter the consumer's snoozing position, temperature, and different elements to optimize sleep. In this section, we can discuss the demographics of smart bed customers primarily based on available statistics.
- A report published by Mordor Intelligence states that the bulk of smart bed users are aged between 25 and 54 years old. This age group accounts for more than 70% of the global market.
- The individuals’ ages ranged from 22 to 52, with a median of 30.88 years pronounced usefulness with a trendy deviation of 6.19.
- 4.6% of male and 95.4% of female, users have confirmed slight to excessive usefulness of tech beds.
The record also indicates that the gender distribution of smart mattress customers is quite balanced, without a widespread gender bias discovered.
Income and Education
- Smart beds are usually more expensive than conventional beds, and as such, they generally tend to attract customers with better earnings.
- According to a report published by Grand View Research, the global smart bed market is expected to reach a CAGR of 3.8 % from 2023 to 2030.
- Around 3.2% of users of tech beds are college graduates, 79.7% have a bachelor’s diploma, and 17.2% had some graduate education in the year 2023.
Geographic Location
(Source: technavio.com)
- As of 2023, North America is the largest market for smart beds, accounting for more than 37% to 40% of the entire market.
- Other region's shares are followed by Europe (30%) and the Asia Pacific (17%), the Middle East and Africa (10%), and South America (6%).
- Whereas, smart bed users are typically aged between 25 and 54 years.
- North America is the most important market for beds based on technology, observed by way of Europe and the Asia Pacific place.
Health Benefits
These beds have emerged as increasingly famous because of their advanced functions and competencies which can help enhance sleep excellence and reveal fitness metrics. In this phase, we can explore some of the fitness blessings of clever beds.
Sleep Quality Improvement
One of the primary advantages of smart beds is their ability to enhance sleep quality. They are ready with sensors that can sing various sleep metrics, along with heart fee, respiratory price, and frame movement. These statistics may be used to regulate the mattress's settings to optimize sleep.
Such beds also provide a custom-designed guide for exclusive sleep positions.
For instance, they include adjustable firmness settings that may be tailored to the sleeper's choices. This can assist in lessening stress factors and improve spinal alignment, and snoring features leading to extra cushy and restful sleep. Additionally, a few smart beds have built-in features that could assist in promoting rest and sleep. For instance, some beds have rubbed-down capabilities that can assist in relieving tension and sell rest earlier than sleep.
(Source: terfino.com)
Health Monitoring Features
- Tech beds offer valuable health monitoring capabilities such as integrated coronary heart rate monitors that can music heart price variability, a metric that can offer insights into overall health and pressure tiers.
- These also can tune respiratory charge, which could assist in discovering respiration irregularities that may be indicative of sleep apnea or different respiration situations. By tracking these metrics, beds can help customers become aware of ability health problems and take action to address them.
- Furthermore, includes partner apps that could provide customers with specific reports on their sleep and fitness metrics. These reviews can assist users in identifying traits and styles in their sleep and health information, allowing them to make knowledgeable selections about their health and well-being.
In the end, smart beds offer more than a few health benefits, together with improved sleep fine and fitness monitoring functions. By leveraging advanced sensors and technology, beds can assist customers in optimizing their sleep and revealing their health metrics, main to higher ordinary fitness and health.
Pricing Trends
- In 2023, the smart bed marketplace is expected to be well worth USD 2.88 billion.
- Whereas by 2028, the market is anticipated to attain $3.64 billion at a CAGR of 4.80% in the course of the forecast length (2023-2028).
- One of the elements contributing to this increase is the increasing demand for sleep technology, which has pushed the want for technological beds.
- Some smart beds on the market can be priced over $10,000; others can be bought for much less than $1,000.
- The price of smart beds varies significantly depending on the emblem, capabilities, and niceness.
Smart mattress manufacturers had been working to make their merchandise extra low priced whilst nevertheless retaining the best. This has brought about the development of more low-priced beds with fewer features. This merchandise is best for customers who want to try out smart beds without spending an excessive amount of cash. In addition, some smart mattress producers offer financing options to make their merchandise extra handy to consumers.
Leading Manufacturers
The smart bed market is expected to develop appreciably in the coming years, with a CAGR of 6.8% by the forecast period of 2023-2029. Some of the main gamers in the smart bed production enterprise are indexed below:
- Sleep Number – Sleep Number is one of the main manufacturers of smart beds. The organization offers several beds that come equipped with functions such as sleep monitoring, computerized adjustment of firmness, and temperature control. Sleep Number's clever beds are popular among customers who are looking for a snug and personalized sleeping revel.
- Eight Sleep – Eight Sleep is the other most important participant in the clever mattress manufacturing industry. The agency's tech beds are geared up with advanced features inclusive of temperature management, sleep tracking, and personalized training. Eight Sleep is popular among customers who are seeking out a high-tech drowsing revel.
- Tempur-Pedic – Tempur-Pedic is a properly up logo inside the bed enterprise, and it has also entered the clever bed market with its Tempur-Ergo Smart Base. The base may be paired with any Tempur-Pedic bed and offers capabilities consisting of adjustable head and foot positions, massage settings, and voice management through Amazon Alexa or Google Assistant.
(Source: sleepfoundation.org)
Manufacturer 1:
Revenue and Market Share As of 2023, Manufacturer 1 held a significant marketplace share in the smart bed industry, with envisioned sales greater than $100 million. This producer has been able to preserve its position as a main participant in the market due to its attention to innovation and customer-centric techniques.
Manufacturer 2
Revenue and Market Share Manufacturer 2 is a main player in the clever mattress market. The business enterprise's sales in 2023 were estimated to be $150 million, with a market proportion of 17.36%. The agency's sales have been growing progressively over time, with a CAGR of 6.5% from 2018 to 2023.
Manufacturer 3
Revenue and Market Share Manufacturer 3 is a well-known participant in the clever bed marketplace and is one of the main manufacturers in phrases of sales and marketplace percentage. In 2023, the enterprise's sales are anticipated to be $200 million, representing extensive growth from the previous year.
Challenges
Despite the developing recognition of beds, the industry faces numerous challenges that could hinder its increase. Here are some of the demanding situations:
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High Cost
One of the most substantial demanding situations facing the smart mattress enterprise is the high value of that merchandise. Such beds are pretty new merchandise, and the generation used in those beds is still evolving. As a result, the fee for producing those beds continues to be high, making them unaffordable for plenty of consumers.
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Limited Compatibility
Another mission dealing with the industry is the restricted compatibility of these beds with other gadgets. They are designed to work with other clever home devices, including smart audio systems, smart thermostats, and smart lights. However, not all clever home gadgets are like-minded with clever beds, which limit their functionality.
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Privacy Concerns
These beds are prepared with sensors that can tune a consumer's sleep patterns, coronary heart rate, and different fitness metrics. While these records can be useful for enhancing sleep quality, it also raises privacy worries. Consumers may be hesitant to proportion their non-public statistics with clever bed manufacturers; mainly if they are not assured that their statistics might be included.
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Lack of Standardization
The industry remains in its infancy, and there's no standardization concerning the capabilities and functionalities of those beds. As a result, consumers may additionally discover it hard to evaluate exceptional bed fashions and make a knowledgeable selection. This loss of standardization also makes it challenging for producers to distinguish their merchandise from the ones of their competitors.
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Technical Issues
Like some other digital tools, clever beds are susceptible to technical issues. These troubles can vary from minor system defects to essential malfunctions that render the bed unusable. Consumers may be hesitant to invest in technology-implemented beds if they're not assured that the bed will work successfully and reliably.
In conclusion, the smart mattress enterprise faces several demanding situations that would avoid its boom. Manufacturers need to cope with these challenges to make clever beds extra low-priced, like-minded, and reliable for consumers.
Future Predictions for the Market
- As per a report published by Mordor Intelligence, the tech beds marketplace length is estimated to be USD 2.88 billion in 2023.
- The overall market is predicted to attain $3.64 billion by 2028 along with a CAGR of 4.80% from 2023 to 2028.
- By the end of 2033, the hospital's segment is going to attain 32% tech bed usage.
- The growing occurrence of lifestyle diseases together with obesity, diabetes, and hypertension has additionally brought about an elevated call for technological-driven beds.
- This helps improve the sleep cycle, reduce loud night breathing, and alleviate lower back aches, amongst other advantages.
Overall, the future looks vivid for the technology-implemented bed marketplace, with increasing calls from customers and healthcare centers alike. As the era continues to develop and beds become more low-cost and available, the market is predicted to develop at a steady pace in the coming years.
Conclusion
After completing the article on Smart Bed Statistics it can be stated that in recent days around the world, the usage of these beds has enhanced in the year 2023. Tech beds have provided huge benefits to many patients' health as well as sleep systems. This includes automatic adjustment processes such as sleep comfort, temperature control, sleep tracking apps, smart home integration snore detection, firmness, and elevation. This article includes many important statistics that will enable us to understand the topic better.
FAQ.
These beds are designed to improve sleep first rate by offering personalized consolation and guidance. They use sensors and different technology to alter the mattress's firmness, temperature, and role to suit the consumer's needs. However, the effectiveness of smart beds in improving sleep satisfaction may vary depending on the character's sleep habits and options.
They are increasingly popular among customers who prioritize sleep and are inclined to put money into generation to improve their sleep first-class. The primary purchasers of beds are generally center-aged or older adults who suffer from sleep disorders, persistent aches, or different fitness conditions that affect their sleep.
The lifespan of a smart bed relies upon several factors, consisting of the nice of materials, frequency of use, and protection. On average, a remarkable bed can last as long as 10 years or more with proper care.
Barry is a lover of everything technology. Figuring out how the software works and creating content to shed more light on the value it offers users is his favorite pastime. When not evaluating apps or programs, he's busy trying out new healthy recipes, doing yoga, meditating, or taking nature walks with his little one.
