Press release
Sleep Tracker Market 2019 Analysis - Apple Inc., Consumer Sleep Solutions LLC, Emfit Ltd, Fitbit, Inc., Garmin Ltd., Koninklijke Philips N.V., ResMed, SAMSUNG ELECTRONICS CO., LTD., Microsoft
Sleep Tracker Market
Global Sleep Tracker Market is expected to register a substantial CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the various innovation in product offerings and easier availability of these devices globally.
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Few of the major competitors currently working in the global sleep tracker market are Apple Inc.; Consumer Sleep Solutions LLC; Emfit Ltd; Fitbit, Inc.; Garmin Ltd.; Koninklijke Philips N.V.; ResMed; SAMSUNG ELECTRONICS CO., LTD.; Microsoft; Simmons Bedding Company LLC; Sleep Number Corporation; Huami Inc.; Xiaomi; FOSSIL GROUP, INC.; Huawei Technologies Co., Ltd.; Fullpower Technologies, Inc.; ThinkRace Technology; Motiv Inc.; Withings; LookeeTech and Eight Sleep among others.
Sleep tracker are technologically advanced smart devices that are used for the monitoring and measurement of a user’s sleeping patterns, drawing out valuable information based on the analytical know-how and technology integrated in these devices. These devices analyse the sleeping pattern and present valuable informative conclusions based on this analysis providing users with solutions to remedy any disorders prevalent with the user.
Market Driver:
• Increasing volume of sleeping disorders prevalent in the global population is expected to boost the growth of the market
• Increasing adoption of smart wearable technology and associated with devices is expected to have a positive impact on the growth of this market
• Availability of various easily available online distribution channels providing greater market penetration for these devices is also driving the market growth
• Growing levels of healthcare expenditure being incurred on various systems and technological adoption; this factor is expected to propel the growth of the market
Market Restraints:
• Concerns regarding the high costs of the devices is expected to hinder the growth of the market
• Growing concerns amongst the population regarding privacy of information and concerns regarding the security of confidential information available with the tracking company; this factor is expected to restrict the market growth
Table of Contents:
1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
8. Delivery
9. Industry Type
10. Geography
10.1. Overview
10.2. North America
10.3. Europe
10.4. Asia-Pacific
10.5. South America
10.6. Middle East & Africa
11. Company Landscape
12. Company Profiles
13. Related Reports
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Segmentation: Global Sleep Tracker Market
By Product
• Wearable
o Smartwatch
o Ring
o Wristband & Handband Devices
o Headband Devices
o Sleep Mask
o Others
• Non-Wearable
o Bedside
o Under Mattress
o Under Sheet
o Others
By Application
• Insomnia
• Sleep Apnea
• Others
By Distribution Channel
• E-Commerce
• Pharmacy & Retail Stores
• Hypermarkets & Supermarkets
• Others
By Geography
• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa
Key Developments in the Market:
• In March 2019, Fitbit, Inc. announced the launch of three new products in the Indian market. “Inspire”, “Inspire HR” and “Versa Lite Edition” will be available through various distribution channels, at a significantly affordable rate, although compared to the U.S. prices they are on the higher side for the Indian region. These devices have been launched to meet the growing fitness and health awareness trend currently prevalent in the region with a larger population base willing to spend more for availing better quality of devices and services
• In May 2017, Apple, Inc. announced that they had acquired Beddit. This acquisition will help Apple, Inc. enhance the service offerings and capabilities of Apple’s devices and technologies as they hope to develop a greater feature base for their “Apple Watch”. This acquisition will help the company in development of software and hardware required for the appropriate integration of technology
Competitive Analysis:
Global sleep tracker market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of sleep tracker market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Contact:
Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com
About Data Bridge Market Research
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