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Sleep Tech Devices Market Trends

  • Report ID: GMI4405
  • Published Date: Sep 2024
  • Report Format: PDF

Sleep Tech Devices Market Trends

Innovations in sensor technology, data analytics, and artificial intelligence have significantly improved the functionality and accuracy of these devices, making them more effective for consumers looking to enhance sleep quality and address sleep-related issues.
 

  • Advances in sensor technology have enabled sleep tech devices to become more accurate in tracking sleep patterns, movements, heart rate, and breathing. Wearable devices such as smartwatches and non-invasive tools like smart mattresses and pillows now provide detailed insights into the user’s sleep cycles, contributing to better health outcomes.
     
  • Additionally, artificial intelligence (AI) and machine learning (ML) are being integrated into sleep apnea devices to analyze vast amounts of sleep data and provide personalized recommendations. These technologies help users understand their sleep patterns and suggest adjustments for improved sleep quality, making sleep tech devices smarter and more user-friendly.
     
  • Furthermore, sleep tech devices are increasingly being designed to integrate with smart home ecosystems, offering users seamless control of their sleep environments. Devices like smart lights, climate control systems, and automated noise cancellation are linked with sleep trackers to create an optimal sleep environment, further driving consumer interest.
Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

The sleep tech devices industry was valued at USD 21.1 billion in 2023 and is anticipated to witness growth at a CAGR of 18.3% through 2032, driven by the increasing awareness regarding product availability, rising geriatric population, and surging demand for portable, efficient & superior devices.

The wearables segment held a dominant market share of 63.9% in 2023, due to their ability to provide comprehensive insights into sleep patterns, heart rate, and overall sleep quality.

North America sleep tech devices market size in 2023 was valued at USD 9 billion and is predicted to grow at a CAGR of 18% through 2032, due to the high prevalence of sleep disorders such as insomnia and sleep apnea, along with cognizance of the importance of sleep health.

Balluga, BedJet, Eight Sleep, Emfit, Fisher & Paykel, Fitbit Inc., Garmin, Huawei, Itamar Medical, and Koninklijke Philips N.V. among others.

Sleep Tech Devices Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 232
  • Countries covered: 33
  • Pages: 110
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