Sleep Tech Devices Market - By Product, By Application and By Distribution Channel & Forecast, 2023

Description

List of Tables

Global Sleep Tech Devices Market will depict steady growth throughout 2023-2032. Sleeping disorders have become increasingly prevalent among the aging population. As per the WHO, in China, it is estimated that more than 28% of the population will be 60 years and above by 2040. The increasing geriatric population and their susceptibility to sleeping disorders will propel the sales of sleep tech devices.

Tech players globally have been focusing on introducing products with advanced technological updates. For instance, in September 2022, Apple Inc. announced the launch of watchOS 9, which can estimate, when people are in REM, core, or deep sleep, and awake. Such innovations in the field are expected to strengthen the industry outlook over the next ten years.

The overall sleep tech devices market is divided on the basis of product, application, distribution channel, and region.

Non-wearable sleep tech devices market is anticipated to witness significant growth trends through 2032. Non-wearable sleep tech devices are much more convenient than their wearable counterparts, which may add to their popularity in the coming years. Moreover, many companies are emphasizing enhancing the existing capabilities of non-wearable sleep tech devices such as sleeping mats, mattresses, etc. For instance, in July 2022, Eight Sleep, the first-ever sleep fitness company, launched Pod 3 with a sensor system with 99% heart rate sensing accuracy to transform a bed into an advanced health platform. Such product rollouts will help streamline industry growth over the estimation period.

Based on application, the sleep tech devices market size from the narcolepsy segment recorded a valuation of over USD 3.5 billion in 2022. High prevalence rate of narcolepsy is likely to increase the demand for narcolepsy monitoring devices. As per the National Library of Medicine, the condition affects 1 in every 2,000 people in the U.S. and Western Europe. The clinical benefits offered by sleep tech devices in managing narcolepsy are likely to favor their adoption through 2032.

In terms of distribution channel, the market value from the e-commerce segment is expected to observe commendable growth over 2023-2032. High availability of a wide range of sleep tech devices at discounted prices and convenience has increased consumer preference for e-commerce platforms. Growing awareness and knowledge have increased the demand for quality products in online stores. Moreover, high flexibility and superior customer service have also made these stores popular, thus, driving segment growth.

Europe sleep tech devices market was worth USD 4.5 billion in 2022. Growing elderly population and their higher susceptibility to sleeping disorders have increased the demand for sleep tech devices in the region. According to Eurostat, in 2022, over one-fifth of the population in the region was 65 years and above. Moreover, growing need to provide low-cost healthcare services to patients in remote areas is further contributing to regional growth.

Product Code: 4405

Chapter 1 Methodology & Scope

1.1 Industry coverage
1.2 Market scope & definitions
1.3 Base estimates & working
- 1.3.1 Data collection
1.4 Forecast parameters
1.5 COVID-19 impact analysis at global level
1.6 Data validation
1.7 Data sources
- 1.7.1 Primary
- 1.7.2 Secondary
  - 1.7.2.1 Paid sources
  - 1.7.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Sleep tech devices industry 360 degree synopsis, 2018 - 2032
- 2.1.1 Business trends
- 2.1.2 Product type trends
- 2.1.3 Application trends
- 2.1.4 Distributional Channel trends
- 2.1.5 Regional trends

Chapter 3 Sleep Tech Devices Industry Insights

3.1 Industry landscape, 2018 - 2032
3.2 Industry impact forces
- 3.2.1 Growth drivers

.3.2.1.1. Increasing prevalence of sleeping disorders across the globe

3.2.1.2 Technological advancements in sleep tech devices
3.2.1.3 Rising awareness regarding availability of sleep tech devices
3.2.1.4 Rising geriatric population
3.2.1.5 Rising demand for portable, efficient and superior sleep tech devices
3.2.1.6 Product innovation and adoption of different strategies by key market participants

3.2.2 Industry pitfalls & challenges
- 3.2.2.1 High cost of sleep tech devices
- 3.2.2.2 Stringent regulatory framework

3.3 Growth potential analysis
- 3.3.1 By product type
- 3.3.2 By application
- 3.3.3 By distribution channel
3.4 COVID-19 impact analysis
3.5 Technology landscape
3.6 Future market trends
3.7 Gap analysis
3.8 Regulatory landscape
- 3.8.1 U.S.
- 3.8.2 Europe
3.9 Reimbursement scenario
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2021

4.1 Introduction
4.2 Company matrix analysis, 2021
4.3 Strategy dashboard, 2021

Chapter 5 Sleep Tech Devices Market, By Product Type

5.1 Key product type trends
5.2 Wearables
- 5.2.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.2.2 Smart watches and bands
  - 5.2.2.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.2.3 Others
  - 5.2.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)
5.3 Non-wearables
- 5.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.3.2 Sleep monitors
  - 5.3.2.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.3.3 Smart beds
  - 5.3.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)

Chapter 6 Sleep Tech Devices Market, By Application

6.1 Key application trends
6.2 Insomnia
- 6.2.1 Market estimates and forecast, 2018 - 2032 (USD Million)
6.3 Obstructive sleep apnea
- 6.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)
6.4 Narcolepsy
- 6.4.1 Market estimates and forecast, 2018 - 2032 (USD Million)
6.5 Others
- 6.5.1 Market estimates and forecast, 2018 - 2032 (USD Million

Chapter 7 Sleep Tech Devices Market, By Distribution Channel

7.1 Key distribution channel trends
7.2 Sleep centers and fitness centers
- 7.2.1 Market estimates and forecast, 2018 - 2032 (USD Million)
7.3 Hypermarkets and supermarkets
- 7.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)
7.4 E-commerce
- 7.4.1 Market estimates and forecast, 2018 - 2032 (USD Million)
7.5 Pharmacy and retail stores
- 7.5.1 Market estimates and forecast, 2018 - 2032 (USD Million)
7.6 Others
- 7.6.1 Market estimates and forecast, 2018 - 2032 (USD Million)

Chapter 8 Sleep Tech Devices Market Market, By Region

8.1 Key regional trends
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Poland
- 8.3.7 The Netherlands
- 8.3.8 Sweden
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 Japan
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 South Korea
- 8.4.6 Indonesia
- 8.4.7 Thailand
- 8.4.8 Philippines
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Columbia
- 8.5.5 Chile
- 8.5.6 Peru
8.6 Middle East & Africa
- 8.6.1 South Africa
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
- 8.6.4 Egypt
- 8.6.5 Nigeria
- 8.6.6 Israel

Chapter 9 Company Profiles

9.1 SleepScore Labs
9.2 Amazon
9.3 Somnofy
9.4 Withings's
9.5 Emfit
9.6 Paramount
9.7 Eight Sleep
9.8 Sleep Number
9.9 Rest
9.10 Beautyrest
9.11 Mode
9.12 Kingsdown
9.13 Balluga
9.14 Springfit
9.15 Tempur-Pedic
9.16 Xiaomi
9.17 Apple Inc.
9.18 Cadwell Industries Inc.
9.19 Fitbit Inc. (Google LLC)
9.20 Koninklijke Philips N.V.
9.21 Oura Health Ltd
9.22 ResMed Inc.