Sleep Tech Devices Market 2022-2028

PUBLISHED: February 14, 2023

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Title:Global Sleep Tech Devices Market Size, Share &Trends Analysis Report By Product (Sleep Wearables, Sleep Monitors, Smart Beds, Digital Application Tools, and Others), And By End-Use(Hospitals, Home-Care Settings, and Others) Forecast Period (2022-2028).

The global sleep tech devices market is anticipated to grow at a significant CAGR of 16% during the forecast period. Sleep tech devices are smart devices that are equipped with sensor technologies to track a person's sleep pattern, heart rate, and blood oxygen measurement as a result of enhancing sleep. These devices are intended for people with sleep narcolepsy, insomnia, and obstructive sleep apnea. The rising demand for portable and efficient sleep devices is anticipated to be the major factor driving the demand for sleep tech devices in the market. Companies in the industry are coming up with sleep tech devices primarily including wearables, trackers, and monitors that are portable and wireless and are increasingly being used in hospital and home healthcare. For instance, in 2022, BUZUD unveiled its latest line of smartwatches with health monitoring features. Under its newly launched product line, the company offers DM01 and DM02 smartwatches that are built with blood oxygen saturation oximeter sensors to measure blood oxygen levels and monitor sleep quality. Additionally, it also tracks blood pressure, heart rate, body temperature, as well as steps, distance, and burned calories.

The global sleep tech devices market is segmented based on the product, and end-use. Based on the product, the market is segmented into sleep wearables, sleep monitors, smart beds, digital application tools, and others. Based on the end-use, the market is sub-segmented into hospitals, home-care settings, and others. Based on end-use, the home-care settings segment is anticipated to cater to prominent growth over the forecast period owing to the introduction of cost-effective and portable tech devices coupled with an increasing number of diagnostic procedures for obstructive sleep apnea. However, the hospital segment is expected to grow substantially over the forecasted years. This growth is attributed to the growing number of patients seeking a diagnosis for their sleep disorders in hospitals and clinics. Moreover, these devices are being recommended by healthcare professionals to patients for treatment of sleep-related health concerns which is further adding to the growth of the segment.

Geographically, the global sleep tech devices market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The European region is anticipated to hold a considerable share in the global sleep tech devices market owing to the rising prevalence of sleep disorders and rising cases of depression and insomnia among adults in this region. For instance, according to NHS inform, Insomnia is a common problem that regularly affects around 1 in every 3 people in the UK, and is particularly common in elderly people. Moreover, according to research done by Formulate Health in 2021, 36% of UK adults struggle to get to sleep at least every week while nearly half of the UK have trouble falling asleep at least once a month.

The major companies serving the global sleep tech devices market include Casper Sleep Inc., Hatch, Inc., Koninklijke Philips N.V., SAMSUNG ELECTRONICS CO., LTD., Withings SA, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in 2020, Evosonics launched CES 2022 for the first time with 12 types of sonic vibration products. As the first product of the project, 'Evo Sleep' is a pillow-type sleep tech device that applies sonic vibration. The product combines the sound wave vibration function with the cervical spine management brand product 'Rolling Pillow' developed by the company and features a function to help sleep.

Research Methodology

The market study of the global sleep tech devices market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.

Whitepapers, research papers, and news blogs.

Company websites and their product catalog.

The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

Global Sleep Tech Devices Market Research and Analysis by Product.
Global Sleep Tech Devices Market Research and Analysis by End-Use.

The Report Covers:

Comprehensive research methodology of the global sleep tech devices market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global sleep tech devices market.
Insights about market determinants that are stimulating the global sleep tech devices market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026696

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Impact of COVID-19 on the Global Sleep Tech Devices Market
Recovery Scenario of Global Sleep Tech Devices Market
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. By Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
3.2. Casper Sleep Inc.
- 3.2.1. Overview
- 3.2.2. Financial Analysis
- 3.2.3. SWOT Analysis
- 3.2.4. Recent Developments
3.3. Hatch, Inc.
- 3.3.1. Overview
- 3.3.2. Financial Analysis
- 3.3.3. SWOT Analysis
- 3.3.4. Recent Developments
3.4. Koninklijke Philips N.V.
- 3.4.1. Overview
- 3.4.2. Financial Analysis
- 3.4.3. SWOT Analysis
- 3.4.4. Recent Developments
3.5. Samsung Electronics Co., Ltd.
- 3.5.1. Overview
- 3.5.2. Financial Analysis
- 3.5.3. SWOT Analysis
- 3.5.4. Recent Developments
3.6. Withings SA
- 3.6.1. Overview
- 3.6.2. Financial Analysis
- 3.6.3. SWOT Analysis
- 3.6.4. Recent Developments
3.7. Key Strategy Analysis
3.8. Impact of COVID-19 on Key Players

4. Market Segmentation

4.1. Global Sleep Tech Devices Market by Product
- 4.1.1. Sleep Wearables
- 4.1.2. Sleep Monitors
- 4.1.3. Smart Beds
- 4.1.4. Digital Application Tools
- 4.1.5. Others
4.2. Global Sleep Tech Devices Market by End-Use
- 4.2.1. Hospitals
- 4.2.2. Home-Care Settings
- 4.2.3. Others

5. Regional Analysis

5.1. North America
- 5.1.1. United States
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. Anhui Huami Information Technology Co., Ltd.
6.2. Apollo Neuroscience, Inc.
6.3. Comfort Grid Technologies
6.4. Compumedics Ltd.
6.5. Dreem
6.6. Eight Sleep, Inc.
6.7. Emfit Ltd
6.8. Evosonics Co., Ltd.
6.9. Fitbit LLC
6.10. HoneyNaps
6.11. InteraXon Inc.
6.12. Kokoon Technology Limited
6.13. LIVLAB SARL
6.14. Masimo
6.15. MindtecStore Europe
6.16. 10minds
6.17. Nihon Kohden America
6.18. Nokia Corporation
6.19. Oura Health Oy
6.20. Pulsewear Inc.
6.21. ROFFE INTERNATIONAL HOLDINGS PTE LTD
6.22. Sleepace
6.23. Sleep Cycle AB
6.24. Sleepme Inc.
6.25. Sleep Shepherd LLC.
6.26. SNOOZ, INC.
6.27. Solace Lifesciences, Inc. (NuCalm)
6.28. Xiaomi Global Community
6.29. Zeus

Product Code: OMR2026696

LIST OF TABLES

1. GLOBAL SLEEP TECH DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
2. GLOBAL SLEEP WEARABLES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL SLEEP MONITORS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL SMART BEDS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL DIGITAL APPLICATION TOOLS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL OTHER TECH DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL SLEEP TECH DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
8. GLOBAL SLEEP TECH DEVICES FOR HOSPITALS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBALSLEEP TECH DEVICES FOR HOME-CARE SETTINGSMARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBALSLEEP TECH DEVICES FOR OTHER END-USERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL SLEEP TECH DEVICES MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
12. NORTH AMERICAN SLEEP TECH DEVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
13. NORTH AMERICAN SLEEP TECH DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
14. NORTH AMERICAN SLEEP TECH DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
15. EUROPEAN SLEEP TECH DEVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. EUROPEAN SLEEP TECH DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
17. EUROPEAN SLEEP TECH DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
18. ASIA-PACIFIC SLEEP TECH DEVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. ASIA-PACIFIC SLEEP TECH DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC SLEEP TECH DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
21. REST OF THE WORLD SLEEP TECH DEVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. REST OF THE WORLD SLEEP TECH DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
23. REST OF THE WORLD SLEEP TECH DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)

LIST OF FIGURES

1. IMPACT OF COVID-19 ON GLOBAL SLEEP TECH DEVICES MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL SLEEP TECH DEVICES MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL SLEEP TECH DEVICES MARKET, 2022-2028 (%)
4. GLOBAL SLEEP TECH DEVICES MARKET SHARE BY PRODUCT, 2021 VS 2028 (%)
5. GLOBAL SLEEP WEARABLES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL SLEEP MONITORS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL SMART BEDS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL DIGITAL APPLICATION TOOLS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL OTHER SLEEP TECH DEVICES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL SLEEP TECH DEVICES MARKET SHARE BY END-USER, 2021 VS 2028 (%)
11. GLOBAL SLEEP TECH DEVICES FOR HOSPITALS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL SLEEP TECH DEVICES FOR HOME-CARE SETTINGS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL SLEEP TECH DEVICES FOR OTHERS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL SLEEP TECH DEVICES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. US SLEEP TECH DEVICES MARKET SIZE, 2021-2028 ($ MILLION)
16. CANADA SLEEP TECH DEVICES MARKET SIZE, 2021-2028 ($ MILLION)
17. UK SLEEP TECH DEVICES MARKET SIZE, 2021-2028 ($ MILLION)
18. FRANCE SLEEP TECH DEVICES MARKET SIZE, 2021-2028 ($ MILLION)
19. GERMANY SLEEP TECH DEVICES MARKET SIZE, 2021-2028 ($ MILLION)
20. ITALY SLEEP TECH DEVICES MARKET SIZE, 2021-2028 ($ MILLION)
21. SPAIN SLEEP TECH DEVICES MARKET SIZE, 2021-2028 ($ MILLION)
22. REST OF EUROPE SLEEP TECH DEVICES MARKET SIZE, 2021-2028 ($ MILLION)
23. INDIA SLEEP TECH DEVICES MARKET SIZE, 2021-2028 ($ MILLION)
24. CHINA SLEEP TECH DEVICES MARKET SIZE, 2021-2028 ($ MILLION)
25. JAPAN SLEEP TECH DEVICES MARKET SIZE, 2021-2028 ($ MILLION)
26. SOUTH KOREA SLEEP TECH DEVICES MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF ASIA-PACIFIC SLEEP TECH DEVICES MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF THE WORLD SLEEP TECH DEVICES MARKET SIZE, 2021-2028 ($ MILLION)