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The global mattress market is being driven by the rising demand from the hospitality and healthcare industries. The private and public sectors invest heavily in the healthcare industry to improve healthcare services. For example, as per the Indian flagship program Pradhan Mantri Jan Arogya Yojana (AB-PMJAY), all Ayushman Bharat system will benefit from viability funding of more than 40%, which will give rise to the purchase of additional beds and mattresses for the government as well as semi-government hospitals to improve services in line with the project goals.
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The market is expected to be driven by the growing innovations in mattresses and the introduction of new products by the leading players. In January 2018, Serta Inc., a major player in the market, unveiled its hybrid iComfort cooling technology with TempActiv and a new coil support system that infuses copper into materials like natural latex. It provides immediate contact with the body or the product as copper alleviates pain, reduces inflammation associated with arthritis, helps heal other health problems, and raises the total energy level. In July 2019, Tempur Sealy International Inc (NYSE: TPX), one of the leading key players in the industry, introduced their new collection. The company launched TEMPUR-Ergo® Smart Base Collection, which features sleep tracker technology. Together with its innovative Tempur-Pedic mattresses, TEMPUR-Ergo Smart Base provides a fully integrated system with customised sleep analysis and coaching, plus a special base, which can now respond to snoring and, therefore, can make it much easier to sleep.
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The major key players in the global mattress market include companies like Tempur Sealy International, Inc., Serta, Inc., Simmons Bedding Company LLC., Spring Air International, Kingsdown, Inc., Southerland, Inc., and Sleep Number Corporation. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.
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