South Korea Smart Bed Market to Reach Around USD 202.33 Million by 2035, Driven by the Increasing Technological Integration and Demand for Technologically Advanced Products

Smart beds are gaining popularity across South Korea as they help individuals improve their sleep quality. The South Korea smart bed market is witnessing growth with the entry of new players, in addition to the traditional furniture and mattress companies. Companies with the presence of high technology and companies engaged in several other product offerings such as medicine and automobiles are entering the market. A notable company in the smart bed market is Ford, the globally renowned automobile company.

Companies are engaged in providing smart beds that automatically adjust the position and temperature of the mattress to help the individual sleep properly by understanding sleeping patterns.

Smart beds are being integrated with other smart home devices including speakers, lights, and thermostats. This is further allowing for consistent and personalised sleep experience. Additionally, hospitals are adopting smart beds as it can monitor heart rate, breathing, and other vital signs during sleep. The data collected by the smart beds can hence be used to analyse the potential health problems, allowing for the better management of the patient’s health and wellbeing.

The presence of several online channels such as Amazon.com Inc (NASDAQ: AMZN) that also provides home appliances is contributing to the market growth. Online channels provide ease of use and convenience in addition to discounts and cashback offers, encouraging customers to purchase through online platforms.

In January 2022, Coway Co., Ltd launched its new environmental home appliance innovations at the Consumer Electronics Show (CES) 2022. Through the smart sleep solution category, the company unveiled Smart Care Air Mattress that detects the user's body pressure and sleeping position, by which the mattress adjusts itself to one of nine firmness levels through the Air Cells.

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Market Analysis by Type, Application, and Distribution Channels:

• The market on the basis of type can be divided into manual, semi-automatic, and automatic.
• Based on application, the market can be divided into hospitality, healthcare, and residential, among others.
• The distribution channels for smart beds include supermarket/hypermarket, specialty stores, and online stores, among others.

Key Findings of the Report:

• The South Korean market is being driven by the rising number of market players, including prominent companies providing technologically advanced products and services.
• The expansion of distribution channels including online retail is expected to provide greater opportunities to the market.
• The increasing disposable incomes and rising living standards are contributing to the greater uptake of smart beds.
• The growing number of smart homes across South Korea  and the growing inclination towards technologically advanced products supports the regional market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the South Korea smart bed market for the periods (2019-2025) and (2026-2035).
• The report also offers the historical (2019-2025) and forecast (2026-2035) markets for the type, application, and distribution channels of smart bed.
• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

Top Players:

The major players in the South Korea smart bed market are:

• Vista Medical LTD.
• Hill-Rom Holdings, Inc.
• 3H Co.,Ltd
• Stryker Corporation
• Others

The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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