According to MarkNtel Advisors, the Global Smart Mattress Market is set to record around 17.49% CAGR during 2022-27. The improving economic conditions of people worldwide & their rising interest in intelligent devices and living a convenient lifestyle are the key factors projected to drive the market through 2027. Smart mattresses are gaining immense popularity worldwide as more & more consumers adopt connected smart home solutions globally.
People are becoming increasingly health conscious and are monitoring daily activities, especially sleep time & quality and heart & breathing rates. Hence, there's a mounting demand for beds & mattresses integrated with advanced technologies that can help individuals track these parameters, which, in turn, is fueling the growth of the smart mattress market globally.
In addition, the soaring internet & smartphone penetration, the growing prevalence of connected devices, and the ever-evolving healthcare sector worldwide are also stimulating the demand for smart mattresses. As a result, it is creating new directions for manufacturers to expand their production & distribution capacities and yield significant profits in the years to come.
Commercial Sector leads as the Largest End-User of Smart Mattress Market
With the mounting influx of tourists and a rapidly expanding hospitality sector, the world is witnessing increasing construction activities associated with hotels, resorts, etc., i.e., generating immense demand for technologically-driven accessories, including smart mattresses, in order to provide high-end customer experiences at these facilities.
Furthermore, the healthcare sector is also witnessing an increasing integration of smart mattresses into hospitals in order to monitor patient health efficiently and prevent any falls & repositioning, which becomes even better for patients with arthritis, ligament injuries, scoliosis, and paralysis, among others. Hence, these aspects are creating remunerative opportunities for the smart mattress market to grow significantly across the commercial sector in the years to come.
North America to Continue Providing Lucrative Prospects for the Smart Mattress Manufacturers
In North America, the US & Canada are observing a growing prevalence of smart homes & devices and ever-increasing expenditure by consumers, mainly the high-income population group, on their convenience & advanced technologies. Hence, there's a burgeoning demand for connected home accessories that can offer enhanced convenience & ease of lifestyle across these countries, which, in turn, is driving the North America Smart Mattress Market.
On the other hand, the world-class healthcare infrastructure in the US & Canada, driven my massive investments toward the enhancement of healthcare equipment & facilities in order to provide patient-centric care, is also playing a key role in propelling the sales of smart mattresses across the region. These factors, coupled with the extensive presence of high-end technology developers across these countries, project significant growth prospects for the North America Smart Mattress Market in the years to come.
Competitive Landscape
The key companies in the Global Smart Mattress Market include Casper Sleep, Derucci, Eight Sleep, GhostBed, Hilding Anders, iOBED Inc., Kingsdown Smart Mattress, Naturaliterie, Nectar Sleep, Purple Innovation, LLC, Recticel, Rest Performance, Saatva Inc., Serta Simmons Bedding, Sleemon, Sleep Number, Tempur Sealy International, The Sleep Company, and Variowell Development GmbH.
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