The global Sleep Tech Devices Market was valued at USD 16.4 Billion in 2022 and it is anticipated to grow up to USD 95.8 Billion by 2032, at a CAGR of 19.3% during the forecast period.
Sleep tech devices are designed for monitoring and improving the outcome in patients with sleep disorders such as sleep apnea, insomnia, narcolepsy, etc.
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Market Trends and Drivers
Increasing technological advancements in sleep trackers is one of the significant opportunities for the sleep tech devices market growth. Sleep trackers are becoming more sophisticated. For example, 2breathe is a smart device that is supposed to be worn around the waist before going to bed.
The device can detect breathing and play tones to aid sleep, and it automatically shuts off when it detects snoozing. It’s linked to an app that shows how one slept every morning. Beddit, on the other hand, is a sleep sensor that consists of a thin rectangle that is placed beneath sleeper sheets. It then monitors a variety of parameters, including sleep, varying sleep stages, respiration rate, heart rate, and more.
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Global Sleep Tech Devices Market Segmentation
By Product
- Wearables
- Non-Wearables
By Application
- Insomnia
- Obstructive Sleep Apnea
- Narcolepsy
- Others
By Distribution Channel
- Specialty Clinics
- Direct-to-Consumer
- Hospitals
- Others
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Major Players in the Global Sleep Tech Devices Market
The key players in the Sleep Tech Devices Market are Casper Sleep Inc., Cadwell Industries Inc., Dreem, Beddit (Apple Inc.), Eight Sleep, Dodow (LIVLAB), Emfit Ltd., Fitbit Inc. (Google LLC), ResMed Inc., Koninklijke Philips N.V., Sleep Shepherd LLC, Oura Health Ltd., Sleepace, Xiaomi, Withings, among others.
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