Lighted Blanket Market Size, Share, Growth, and Industry Analysis, By Type (Large Type and Small Type), By Application (Hospitals & Clinics, Birthing Centers and Others), Regional Forecast to 2031

Updated On: 15 April 2024

Lighted Blanket Market Report Overview

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global lighted blanket market size was USD 47 Million in 2022 and market is projected to touch 73.55 Million by 2031, exhibiting a CAGR of 5.3% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the lighted blanket market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

A lighted blanket is a blanket that has LED lights sewn into it. The lights can be programmed to change colors, flash, or stay on a single color. They can provide a gentle, soothing warmth that can help to keep you warm and comfortable on cold nights. This is especially beneficial for people who are cold-natured or who have difficulty staying warm.

They are typically made from a soft, comfortable fabric, such as fleece or plush. They are available in a variety of sizes and colors. They can be purchased online or at retail stores. They can be a great way to stay warm, comfortable, and relaxed at home. They are easy to use and maintain, and they offer a number of benefits for people of all ages.

COVID-19 Impact: Pandemic Decreased the Market Demand                             

The COVID-19 pandemic has had a significant impact on the lighted blanket market share. First, the closure of hospitals and clinics led to a decline in the demand for them in the healthcare setting. They are used to provide warmth and comfort to patients, and they can also be used to help reduce the risk of pressure ulcers. However, when hospitals and clinics closed, the demand for them declined as there were fewer patients to use them. Second, the pandemic led to a decrease in elective surgeries. Elective surgeries are often performed on patients who are at risk of developing pressure ulcers, and they are often used to help reduce the risk of these ulcers. However, when the number of elective surgeries decreased, the demand for them also decreased. Third, the pandemic led to a shortage of medical supplies. They are considered to be medical supplies, and as such, they were in short supply during the pandemic. This shortage made it difficult for hospitals and clinics to obtain them, and as a result, the demand for these products declined.

Latest Trends

"The increasing demand for them for home use is expected to fuel the growth in the market"

The global population is aging, and this is leading to an increase in the demand for home healthcare services. They are a popular choice for home healthcare providers because they can help to improve the comfort and quality of life for elderly patients. The prevalence of chronic diseases, such as arthritis, diabetes, and cancer, is also increasing. These diseases can make it difficult for people to stay warm, and they can provide a much-needed source of warmth and comfort.

Lighted Blanket Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into large type and small type.

• By Application Analysis

Based on age, the market can be divided into hospitals & clinics, birthing centers and others.

Driving Factors 

"Increasing demand for blankets in healthcare settings to foster the market growth"

The prevalence of chronic diseases, such as arthritis, diabetes, and cancer, is also increasing. These diseases can make it difficult for people to stay warm, and they can provide a much-needed source of warmth and comfort. There is a growing awareness of their benefits for both health and wellness in the healthcare setting. They can help to improve sleep quality, reduce pain, and promote relaxation. As this awareness grows, the demand for them in the healthcare setting is expected to increase.

"The development of new technologies to result in the expansion of the market"

There have been a number of new technologies developed for lighted blankets in recent years. These technologies have made them more affordable, more versatile, and more user-friendly. As these technologies continue to develop, the demand for them is expected to increase. As consumers have more disposable income, they are more likely to spend money on products that can improve their quality of life, such as them. Online shopping is becoming increasingly popular, and this is making it easier for consumers to purchase them from the comfort of their own homes. The number of retail stores that sell lighted blankets is increasing, which is making these products more accessible to consumers.

Restraining Factors

"Availability of substitutes to hamper the market growth"

Heated mattresses and hot water bottles are two substitutes for lighted blankets. They both provide warmth and comfort, but they have different advantages and disadvantages. Heated mattresses are a more expensive option than they are, but they can provide more consistent warmth. They are also less likely to cause overheating, which can be a concern with lighted blankets. 

Lighted Blanket Market Regional Insights

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"North America to lead the market owing to the growing awareness of the benefits of lighted blankets. "

The North America region has shown the highest lighted blanket market growth. There is a growing awareness of the benefits of lighted blankets for both health and wellness in the Asia-Pacific region. Lighted blankets can help to improve sleep quality, reduce pain, and promote relaxation. As this awareness grows, the demand for lighted blankets is expected to increase.

Key Industry Players

"Key players are employing advanced technologies in order to stimulate further growth of the market."

All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.

List of Market Players Profiled

• GE Healthcare: Chicago, Illinois, USA
• Philips: Amsterdam, Netherlands
• Atom: New York City, New York, USA
• Natus: San Carlos, California, USA

Report Coverage

This report examines an understanding of the lighted blanket market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.