Sleep Tracking Devices Market Overview
The Sleep Tracking Devices Market size was valued at USD 26.72 Bn. in 2023 and the total Sleep Tracking Devices revenue is expected to grow at a CAGR of 11.7% from 2024 to 2030, reaching nearly USD 57.97 Bn. by 2030.
Sleep technology refers to devices and tools designed to monitor and assess various aspects of sleep, including sleep quantity (how long sleep), sleep quality (how restful sleep is), and sleep timing (when sleep). These technologies help individuals track their sleep patterns and provide insights into their sleep health. Sleep disorders, on the other hand, are conditions that disrupt the ability to achieve regular, restful sleep. They can lead to persistent tiredness and adverse effects on overall health and well-being. Examples of sleep disorders include insomnia, sleep apnea, restless legs syndrome, and narcolepsy, among others. Managing these conditions often requires medical intervention and continuous monitoring which drives the sleep tracking devices market.
Sleep Tracking Devices Market Report Scope and Research Methodology
The ability to integrate seamlessly with existing data analysis software further reduces the technical burden on researchers, allowing for smoother workflows. Additionally, the option to configure and control devices remotely enhances the efficiency of longitudinal studies, especially on large-scale for different sleeping patterns. The reliable devices backed by strong technical support minimizes the risk of data loss and studies run smoothly, making them indispensable tools in sleep research and monitoring. A significant driving factor in the Sleep Tracking Devices market is the surge in consumer use of sleep devices and apps, fueled by online advertising and social media.
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Sleep Tracking Devices Market Regional Insights
The Sleep Tracking Devices market plays a crucial role in addressing these concerns. Advanced sleep tracking technologies help individuals monitor their sleep patterns, providing valuable insights into sleep quality and duration. These devices enable users to identify sleep disturbances and make informed decisions about improving their sleep hygiene and overall health. By integrating features such as detailed sleep analysis and personalized recommendations, sleep tracking devices support better sleep management and can potentially mitigate the impact of sleep disorders. As the demand for effective sleep solutions grows, the development and adoption of sleep tracking devices become increasingly important in enhancing sleep quality and overall health, offering a proactive approach to managing and treating sleep-related issues.3 adults do not regularly get the
Sleep Tracking Devices Market Segmentation
By Type of Device
Wearable Devices:
Smartwatches
Fitness Bands
Rings
Clip-ons
Non-Wearable Devices:
Under-Mattress Sensors
Bedside Monitors
Smart Mattresses
Pillow-based Trackers
By Technology
Actigraphy-Based Trackers
Polysomnography (PSG) Trackers
Heart Rate Variability (HRV) Trackers
Oximetry-Based Trackers
Electroencephalography (EEG) Trackers
By End-User
Individuals/Consumers
Healthcare Providers
Research Institutions
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Sleep Tracking Devices Market Key Players
Fitbit (Google LLC) – (Mountain View, California, USA)
Apple Inc. – (Cupertino, California, USA)
Garmin Ltd. – (Olathe, Kansas, USA)
Samsung Electronics Co., Ltd. – (Suwon, South Korea)
Withings S.A. – (Paris, France)
Huawei Technologies Co., Ltd. – (Shenzhen, China)
Polar Electro – (Kempele, Finland)
Xiaomi Corporation – (Beijing, China)
Whoop Inc. – (Boston, Massachusetts, USA)
Oura Health Ltd. – (Helsinki, Finland)
Sleep Number Corporation – (Minneapolis, Minnesota, USA)
ResMed Inc. – (San Diego, California, USA)
Philips Healthcare – (Amsterdam, Netherlands)
Key questions answered in the Sleep Tracking Devices Market are:
- What is Sleep Tracking Devices?
- What was the Sleep Tracking Devices market size in 2023?
- What is the growth rate of the Sleep Tracking Devices Market?
- Which are the factors expected to drive the Sleep Tracking Devices market growth?
- What are the different segments of the Sleep Tracking Devices Market?
- What growth strategies are the players considering to increase their presence in Sleep Tracking Devices?
- What are the upcoming industry applications and trends for the Sleep Tracking Devices Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Sleep Tracking Devices Market?
- What segments are covered in the Sleep Tracking Devices Market?
- Who are the leading companies and what are their portfolios in Sleep Tracking Devices Market?
- What segments are covered in the Sleep Tracking Devices Market?
- Who are the key players in the Sleep Tracking Devices market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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