The size of the global mattress market is expected to grow USD 11.7 billion during the forecast period 2017-2022, accelerating at a CAGR of nearly 7%. Global mattress industry growth is currently fueled by rising demand for smart mattresses and customized mattresses from the consumer sector. Increasing investments in R&D is a primary factor smart mattress market growth as smart mattress manufacturers are steadily investing in R&D activities to continually offer more innovative mattresses with enhanced features that emit fewer radiations than previous products. We forecast the smart mattress market to grow USD 91 million by 2022.
Additionally, within the commercial sector, the healthcare industry has seen a surge in mattress demand, to provide optimum hospital care to patients. Powered air mattresses will see increased adoption in hospitals over the next five years 2019-2023 because they provide different types of therapies such as air flotation, lateral flotation, alternating pressure, alternating pressure with true low air loss, and air fluidized therapy. Due to these factors, the global medical mattresses market will grow more than USD 425 million by 2023.
Within our mattress industry research, we provide deep insights into the market landscape, its segments, and their market share. Our research experts segment this market by mattress product type, mattress size, application, and distribution channel.
Traditional innerspring mattresses are the most are popular mattress type among consumers due to factors such as easy availability, affordability, and their availability in a variety of firmness and comfort levels. The innerspring mattress segment currently holds the largest mattress market share, however, there is a growing demand for premium and specialized mattresses.
The demand for memory foam mattresses is on the rise, especially in the United States. The US has a large adult population who suffer from sleep-related disorders and the number of injuries and fatalities due to drowsiness while driving continues to increase in the region. Memory foam mattresses are gaining traction as the preferred solution for treating sleep-related disorders and back pain issues, which is driving the growth of this market. We forecast the memory foam mattress market in the US will grow more than USD 1 billion by 2022.
The introduction of smart mattresses, the growing demand for eco-friendly mattresses, and the need for multifunctional beds are the emerging trends expected to drive the growth of the global gel mattresses market through 2023. Between 2018-2023, the size of the gel mattresses market will grow USD 138 million, with 50% of this growth coming from the Asia-Pacific region.
Our mattress market segmentation research offerings include:
We at Technavio, with our comprehensive understanding of the mattress market, have been monitoring the latest industry trends and developments to create an in-depth mattress market report portfolio. These reports help our clients identify opportunities within the market and develop effective strategies to optimize their market positions. Our mattress market reports offer the following insights: