Market Trends of Smart Bed Industry
GLOBAL CONSUMER SPENDING ON TECH SIGNALS OPPORTUNITY FOR THE SMART BED INDUSTRY
Intelligent automation over the period has created a new pathway for achieving sustainable economies and energy transition in healthcare, manufacturing, and even logistics. People worldwide are observing a continuous loss in sleep year by year, which raises the need to develop smart tools in the bedding industry to monitor and improve sleeping patterns.
Global consumer spending in tech had observed a continuous rise globally, existing at USD 505 billion last year, signaling the bedding industry to invest more in digital technology with rising market opportunities. Upcoming smart beds are equipped with sleep tracking technology, firmness adjustment, IOT, and built-in alarms, making them a rising choice of consumers.
GROWING HOSPITAL AND HOTEL INDUSTRY DRIVING THE MARKET
The number of hospitals globally is observing a continuous increase, existing at 163.5 thousand last year. This increase is leading to a rise in demand for an increasing number of beds. With rising revenue and competition among the hospitals, the industry is equipping itself with smart beds to provide more comfort and facility to the patient.
Luxury hotels exist among the significant segments creating demand for smart beds; the market share of intelligent hospitality is observing a continuous increase globally, living at USD 19 Billion last year, which is leading innovative bed manufacturers to develop their products in line with the demand of the hotel industry as well.
With these trends, there is a rising opportunity for innovative bed manufacturers in different sectors.
