Allied Market Research published a new report, titled, “Smart Bed Market” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
The increase in demand for smart bed in the hospitals drives the growth of the market. Smart beds are very useful in monitoring the patients remotely. Moreover, there is rise in expenditure in the healthcare sector in developing countries due to which there is an increase in the installation of smart bed.
In addition, rise in geriatric population also increases the demand for smart beds and mattresses in hospitals. Hospitals prefer smart beds over conventional beds because these beds have capabilities to analyze the data of patient through which it improves the quality of care given to the patients.
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The rise in disposable income in the developing countries enables people to purchase comfort and luxury products which in turn propels the growth of the smart bed market. The change in lifestyle is also driving the market growth as people are demanding products with advanced technology and artificial intelligence. In addition, now days customers are becoming health conscious which influence them to buy smart beds and mattresses for healthy sleep.
The key market players profiled in the report include Paramount Bed Co., Stryker Corporation, BodiTrak, Hill Rom Holdings Inc. Invacare Corporation, Responsive Surface Technology, Hi-Interiors srl, Balluga Limited, Sleepnumber, ArjoHuntleigh AB, LINET spol. s r.o., Invacare Corporation, and Select Comfort Corporation
Geographically Analysis – North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)
COVID-19 Scenario Analysis:
The COVID-19 outbreak has impacted different industries differently. On one hand it has been a growth driver for food, medical, and necessity products, and on the other hand it has hampered the supply and demand for decorative and lifestyle products. Due to lockdown scenario in the various economies supply chain of smart bed and mattresses has been hampered.
Key Segments Covered:
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Key Benefits of the Report:
• This study presents the analytical depiction of the global smart bed industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global smart bed market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global smart bed market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global smart bed market analysis based on competitive intensity and how the competition will take shape in the coming years.
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to offer business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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