Chicago, IIIinois, UNITED STATES -- (SBWire) -- 01/03/2022 --Global Smart Beds Market, By Product Type (Manual, Semi-Automatic, Fully Automatic), By End User (Residential, Healthcare, Hospitality, Transportation, Others), By Distribution Channel (Offline, Online), Estimation & Forecast, 2017 – 2027 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider Smart Beds market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Smart Beds market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). - In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region
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Key Segments Studied in the Global Smart Beds Market
The global Smart Beds market held a market size of USD 4,941.1 Million in 2020 and is anticipated to grow at a CAGR of 8.7% from 2017 to 2027.
The increasing adoption of smart & advanced technology along with rising demand of senior citizens' healthcare needs is expected to boost the market growth. Furthermore, the change in product preferences and rising demand for comfort, luxury, and personalized experience is also anticipated to fuel the market growth. In addition, rising awareness related to the importance of good sleep is also estimated to positively impact the market growth. Despite the drivers, high cost of smart beds is expected to hinder the market growth.
The global Smart Beds market is classified into product type, end user, and distribution channel.
On a regional basis, the global Smart Beds market has been bifurcated into North America, Middle East & Africa, Europe, Asia Pacific, and South America. North America is the leading region in the global market accounting for a market share of more than 25%. Asia Pacific segment is expected to hold the second largest market share as well as is expected to grow at the fastest CAGR. The growing trend of IoT adoption in the market and the presence of emerging economies, such as China and India is expected to contribute to the market growth.
Key players functioning in the global Smart Beds market include Paramount Bed Co. Ltd., Stryker Corporation, Sleep Number, Invacare Corporation, Hill Rom Holdings Inc., Arjohuntleigh AB, Ergomotion, Inc, Responsive Surface Technology LLC, Hi-Interiors SRL, and Hilding Anders, among others. The top 12 to 15 players in the market hold near about 45 to 55% market share. The rest is captured by the local players.
Recent Developments by Market Players in the Global Smart Beds Market
- In June 2021, Sleep Concept launched Sleepacy, a sleep concept, which coached parts oo the Swedish Olympic team. The company aims to launch the concept in Denmark and China, soon.
- In December 2020, Arjo acquired AirPal, a U.S. based company focusing on Air-Assisted Lateral Patient Transfer Solutions. This deal is expected to strengthen Arjo's Patient Handling portfolio.
- In December 2020, Sleep Number Corporation collaborated with make-A-Wish to donate USD 250,000 and its "360 smart beds" to children suffering from critical illnesses.
- In March 2020, Hillrom doubled its production of critical hospital beds, ventilators, vital monitoring devices, and other critical care products during the pandemic.
Market Segmentation
By Product Type
- Manual
- Semi-Automatic
- Fully Automatic
By End User
- Residential
- Healthcare
- Hospitality
- Transportation
- Others
By Distribution Channel
- Offline
o Brand Stores
o Home Centers
- Online
Our market research provides vital intelligence on market size, business trends, industry structure, market share, and market forecasts that are essential to developing business plans and strategy.
A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021
covid-19 scenario Market Behavior/ Level of Risk and Opportunity End Industry Behavior/ Opportunity Assessment Expected Industry Recovery Timeline Business Impact Horizon
Opening of Economy by Q3 2020 xx xx xx xx
Recovery – Opening of Economy extended till Q4 2020 / Q1 2021 xx xx xx xx
Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.
Study Explore :
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
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Each study, more than 100+ pages, is packed with tables, charts and insightful narrative including coverage on: Report Ocean provides complete tailor-made market reports that deliver vital market information on industry. Our market reports include:
- Market Sizing and Structuring
- Micro and macro analysis
- Regional dynamics and Operational landscape
- Demographic profiling and Addressable market
- Legal Set-up and Regulatory frameworks
- Profitability and Cost analysis
- Segmentation analysis of Market
- Existing marketing strategies in the market, Best practice, GAP analysis
- Competitive landscape, Leading market players, Benchmarking
- Future market trends and opportunities – Scenario modeling
Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter's Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis Our team will be able to provide clear answers, identify key opportunities, new investments, and recommend high quality strategy routes in the market. These answers will include a holistic analysis of the:
- Existing market infrastructures
- Market challenges and opportunities
- Potential for growth in certain industries in the coming years
- End-consumer target groups and their potential volumes of operation
- Best regions and segments to target
- Pros and cons of various promotion models
- Touch points and an opportunity breakdown within the value chain
- Market size and growth rate during forecast period.
- Key factors driving the Market.
- Key market trends cracking up the growth of the Market.
- Challenges to market growth.
- Key vendors of Market.
- Detailed SWOT analysis.
- Opportunities and threats faces by the existing vendors in Global Market.
- Trending factors influencing the market in the geographical regions.
- Strategic initiatives focusing the leading vendors.
- PEST analysis of the market in the five major regions.
The Study Explore COVID 19 Outbreak Impact Analysis
- What should be entry strategies, countermeasures to economic impact, and marketing channels?
- What are market dynamics?
- What are challenges and opportunities?
- What is economic impact on market?
- What is current market status? What's market competition in this industry, both company, and country wise? What's market analysis by taking applications and types in consideration?
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Key Points Covered in Smart Beds Market Report:
Global Smart Beds Market Research Report
Section 1: Global Smart Beds Industry Overview
Section 2: Global Economic Impact on Smart Beds Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Smart Beds Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Smart Beds Market Forecast
……..and view more in complete table of Contents
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