Venture Capital
Andrea Alms Video: Money In Motion 51 - The Smart Bed Market
April 2023 - Venture Capital
TRANSCRIPT My name is Andrea Alms and I am technology investor and financial manager and this is your money in motion. I was asked about smart bed mattresses. At first I thought it was just health and wellness market. Instead, it is its own market. Thank you viewers, for keeping me on my toes. What is it? Smart beds are typically designed to track the sleep of a person.
As you know, the amount quality sleep has a lasting impact on human health. A smart mattress is equipped with sensors that track send out information about adequate amount of sleep a person is getting. The global smart mattress market size is about 511 million in 2015. To be valued at 2.1 billion by 2025 is expected to grow at a compound average growth rate of 10.6%.
This report, the smart bed market size is valued at 1.786 billion in 2019 and projected to reach about 2.661 billion in 2027. Growing at a cop out average growth rate of 5% from 2019 to 2027. The global smart bed market here is valued at 3.36 billion in 2021. The forecast is about 5.7 billion in 2029. It is expected to grow about 6.8%, averaging the best guess. 1.6 billion global market size at a 7.5% compound. Average growth rate. A billion on market, single digit growth. Thank you. This is your money. Your money, in motion.