
Smart Furniture was valued at US$ 5.27 Billion in 2024. The global Smart Furniture market is projected to reach US$ 5.27 Billion by 2031, registering a compound annual growth rate (CAGR) of 6.92% during the forecast period from 2024 to 2031.
Top 10 Key Companies in Smart Furniture Market:
- Amcor plc
- Sonoco Products Company
- Sealed Air Corporation
- Stora Enso Oyj
- Huhtamäki Oyj
- Avery Dennison Corporation
- Smurfit Kappa Group
- BASF SE
- 3M Company
- Tetra Pak International S.A.
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Smart Furniture Market Growth Factors:
Increasing Prevalence of Chronic Diseases: The rising incidence of chronic diseases such as cancer, neurological disorders, and gastrointestinal conditions contributes to the growing demand for Smart Furniture. Patients with these conditions often experience difficulty swallowing or require nutritional support, fuelling market growth.
Aging Population: As the global population continues to age, there is a higher prevalence of age-related conditions such as dysphagia, dementia, and stroke. Older adults are more likely to require enteral nutrition support, driving the demand for Smart Furniture.
Technological Advancements: Ongoing advancements in enteral feeding device technology improve safety, efficiency, and patient comfort. Innovations such as portable pumps, wireless monitoring systems, and tube placement verification devices enhance the overall patient experience and drive market growth.
Preference for Home Healthcare: Smart Furniture are used to provide nutrition support outside of traditional hospital settings There is a growing trend towards home-based healthcare and outpatient settings, where