PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608892
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608892
Sleep Tech Devices Market, By Product, By Application, By End User, By Geography
The sleep tech devices market is estimated to be valued at USD 19.98 Bn in 2024 and is expected to reach USD 58.34 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 16.5% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | 19.98 Bn |
| Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
| Forecast Period 2024 to 2031 CAGR: | 16.50% | 2031 Value Projection: | 58.34 Bn |
The sleep tech devices market has been witnessing steady growth over the past few years owing to increasing prevalence of sleep disorders and rising health consciousness among consumers. Various devices offering features like sleep tracking, biofeedback, and stimulus control have entered the market to help users monitor and improve their sleep quality. Moreover, the integration of emerging technologies like AI, cloud computing, and wearable sensors is augmenting the demand for advanced sleep aids. With growing preference for non-pharmacological therapies and remote monitoring solutions, the sleep tech devices industry is likely to witness lucrative opportunities in the coming years.
Market Dynamics:
The global sleep tech devices market is driven by the rising geriatric population who are highly susceptible to sleep issues like insomnia. Rapid urbanization and hectic schedules have led to increasing work pressure and stress levels, thereby disrupting sleep cycles. Additionally, growing awareness about the ill-effects of improper sleep and benefits of monitoring sleep patterns are encouraging the adoption of smart sleep trackers and wearables. However, data privacy concerns regarding bio-data collection and possible security threats to sensitive sleep information may hinder the market growth. On the flip side, the development of affordable consumer-friendly products and integration of sleep tech with virtual assistants will create attractive prospects for market players over the forecast period.
Key Features of the Study:
This report provides in-depth analysis of the global sleep tech devices market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global sleep tech devices market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Wakefit , Fisher & Paykel Healthcare Limited., Fitbit Inc., Garmin Ltd., Itamar Medical, Koninklijke Philips N.V., Oura Health Oy, SleepScore Labs, ResMed Inc., Nihon Kohden Corporation, Huawei Technologies Co. Ltd., Smart Nora, Indiegogo, Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global sleep tech devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global sleep tech devices market
Market Segmentation
- By Product Insights (Revenue, USD Bn, 2019 - 2031)
- Wearables
- Non-wearables
- Others
- By Application Insights (Revenue, USD Bn, 2019 - 2031)
- Insomnia
- Obstructive sleep Apnea
- Others
- By End User Insights (Revenue, USD Bn, 2019 - 2031)
- Hospitals
- Homecare Settings
- Others
- Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Wakefit
- Fisher & Paykel Healthcare Limited.
- Fitbit Inc.
- Garmin Ltd.
- Itamar Medical
- Koninklijke Philips N.V.
- Oura Health Oy
- SleepScore Labs
- ResMed Inc.
- Nihon Kohden Corporation
- Huawei Technologies Co. Ltd.
- Smart Nora
- Indiegogo, Inc.
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Sleep Tech Devices Market, By Product
- Sleep Tech Devices Market, By Application
- Sleep Tech Devices Market, By End User
- Sleep Tech Devices Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
- Market Trends
- Epidemiology
4. Global Sleep Tech Devices Market, By Product, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Wearables
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Non-wearables
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
5. Global Sleep Tech Devices Market, By Application, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Insomnia
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Obstructive sleep Apnea
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
6. Global Sleep Tech Devices Market, By End User, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Homecare Settings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
7. Global Sleep Tech Devices Market, By Region, 2019 - 2031, Value (USD Bn)
- Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2020 - 2031, Value (USD Bn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Product, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Product, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Product, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Product, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Product, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Product, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country/Region, 2019 - 2031, Value (USD Bn)
- South Africa
- North Africa
- Central Africa
8. Competitive Landscape
- Wakefit
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Fisher & Paykel Healthcare Limited.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Fitbit Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Garmin Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Itamar Medical
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Koninklijke Philips N.V.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Oura Health Oy
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- SleepScore Labs
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- ResMed Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Nihon Kohden Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Huawei Technologies Co. Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Smart Nora
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Indiegogo, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. References and Research Methodology
- References
- Research Methodology
- About us
