The Sleep Tech Devices Global Market Report 2023, provides comprehensive information on the sleep tech devices market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Sleep Tech Devices Global Market Report 2023, the global sleep tech devices market size is expected to grow from $16.44 billion in 2022 to $19.14 billion in 2023 at a compound annual growth rate (CAGR) of 16.41%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global sleep tech devices market size is expected to reach $36.03 billion in 2027 at a CAGR of 17.13%.
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Technological advancements are a popular trend in the sleep tech devices market. Major companies operating in the sleep tech devices market are focused on developing innovative technologies to sustain their position in the market. For Instance, in August 2021, Somne, a US-based digital health company, launched a novel class II neck collar medical device. This device employs variable negative pressure technology and a tiny device put beneath the chin to detect breathing patterns and modify airflow accordingly. The collar prototype uses gentle suction to keep the patient’s airway open while sleeping, allowing them to breathe normally and sleep soundly.
The sleep tech devices market is segmented:
1) By Product Type: Wearable, Monitoring Devices, Smart Gadgets, Digital Tools, Other Types
2) By Age: Below 45 Years, 45–64 Years, Above 65 Years
3) By Distribution Channel: Sleep Centers And Fitness Centers, Hypermarkets And Supermarkets, E-Commerce, Pharmacy And Retail Stores, Other Channels
4) By Application: Insomnia, Obstructive Sleep Apnea, Narcolepsy, Other Applications
North America was the largest region in the sleep tech devices market in 2022.
The table of contents in TBRC’s sleep tech devices market report includes:
- Executive Summary
- Sleep Tech Devices Market Characteristics
- Sleep Tech Devices Market Trends And Strategies
- Sleep Tech Devices Market – Macro Economic Scenario
- Sleep Tech Devices Market Size And Growth
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- Sleep Tech Devices Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Sleep Tech Devices Market
- Sleep Tech Devices Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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