Sleep Tech Devices Market 2021 Key Data Points Necessary for Effective Strategies | Eight Sleep, Phillips, Dodow, Casper, Compumedics, Sleep Shepherd, Sleepace, Xiaomi, Oura Health and Nihon Kohden Corporation, Inc.

The Sleep Tech Devices market is expected to register a CAGR of 15 % over 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. The major factors attributed to the market growth include rising burden of sleep disorders and technological advancements. According to the Journal of Family Medicine and Primary Care, 2016, insomnia is often associated with diabetes and increasing age with the prevalence of it about was around 33%.

Sleep tech devices are electronic devices used to monitor and improve sleep for people with sleep apnea, narcolepsy, and insomnia. A variety of technologically improved sleep tech devices are available on the market, including wearable smart watches and bands, headbands, rings, sleep pads, beds and ear plugs. Sleep improvement apps have seen significant developments over the past couple of years that have revolutionized the sleep tech industry. In addition to tracking sleep, newly developed sleep tech devices can also control temperatures that may otherwise disturb sleep. The increased availability of such upgraded sleep devices will have a positive impact on the growth of the market for sleep tech devices.

The report is updated with the impact of the currently ongoing COVID-19 pandemic. The pandemic has dynamically affected key market segments and changed the growth pattern and demands in the Sleep Tech Devices market. The report covers an in-depth analysis of these changes and provides an accurate estimate of the market growth forecast after the impact of the pandemic.

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Some of the key players operating in the Sleep Tech Devices market are Eight Sleep, Phillips, Dodow, Casper, Compumedics, Sleep Shepherd, Sleepace, Xiaomi, Oura Health and Nihon Kohden Corporation, Inc.

Recent Developments

In 2019, ProSomnus Sleep Technologies designed a sleep apnea device that offers precision Continuous Advancement in Sleep Apnea Device. 

Market segmentation:
This report segments the market on the basis of by type are:

Sleep Monitoring Devices
Sleep Wearables
Sleep Trackers
Others

On the basis by application, the market is segmented into:

Insomnia
Obstructive Sleep Apnea
Narcolepsy

Key Market Trends

Wearables Segment is Expected to Exhibit a Significant Market Growth in the Sleep Tech Devices Market

Wearable segment is expected to show a lucrative growth in the sleep tech devices market. The adoption of sedentary lifestyle may play a crucial role on the sleeping health. Wearable devices help an individual to track the sleeping pattern. According to the study of International Journal of Environmental Research and Public Health, 2018, warble trackers showed closer approximation to sleep outcomes and offers a low-cost alternative to the conventional devices. In 2019, Samsung introduced a new Fitbit in the market that tracks the sleep data. Therefore, with the rising adoption of wearable sleep tech devices, it is expected to positively influence on the market growth.

The report is mainly segmented into several key regions, with sales, revenue, market share, and growth rate in these regions, covering:

North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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Table of Contents: -

1. Global Sleep Tech Devices Market Overview
2. Global Sleep Tech Devices Market Competitions by Manufacturers
3. Global Sleep Tech Devices Capacities, Production, Revenue (Value) by Region
4. Global Sleep Tech Devices Supply (Production), Consumption, Export, Import by Region
5. Global Sleep Tech Devices Productions, Revenue (Value), Price Trend by Type
6. Global Sleep Tech Devices Market Analyses by Application
7. Global Sleep Tech Devices Manufacturers Profiles/Analysis
8. Sleep Tech Devices Manufacturing Cost Analysis
9. Industrial Chain, Sourcing Strategy and Downstream Buyers
10. Marketing Strategy Analyses, Distributors/Traders
11. Market Effect Factors Analysis
12. Global Sleep Tech Devices Market Forecast
13. Research Findings and Conclusion
14. Appendixes

The research includes historic data from 2015 to 2021 and forecasts until 2028 which makes the report's an invaluable resource for industry executives, Marketing, Sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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