Press release
Smart Pillow Market Insights 2033: Evolving Trends, Size, Share, and Future Potential Forecast
Smart Pillow Market
As per the report, the smart pillow market size has grown exponentially in recent years. It will grow from $0.86 billion in 2023 to $1.08 billion in 2024 at a compound annual growth rate (CAGR) of 26.3%. The smart pillow market size is expected to see exponential growth in the next few years. It will grow to $2.53 billion in 2028 at a compound annual growth rate (CAGR) of 23.6%.
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Rising Sleep-Related Concerns Fuel Smart Pillow Market Growth
The increase in sleep-related problems is expected to propel the smart pillow market going forward. Sleep-related problems refer to a range of difficulties and disorders that affect a person's ability to obtain restful and adequate sleep. Modern lifestyles often involve irregular sleep patterns, long working hours, and increased screen time, which can disrupt natural sleep-wake cycles and contribute to sleep problems. Smart pillows offer various features such as monitoring sleep cycles, providing personalized recommendations, adjusting firmness or temperature, and providing good sleep. For instance, In Jan 2024, according to the National Council on Aging, a US-based nonprofit advocacy and service organization that focuses on improving the lives of millions of older adults, a significant percentage of adults experienced insufficient sleep, with a 38.3% to 38.6% prevalence in the 18-44 and 45-64 age groups, and a 28.1% prevalence in those aged 65 and older. Additionally, in 2021, according to Medscape, a US-based television studio, young adults aged 35-44 got the least sleep, with almost 50% only getting 5-6 hours per night and only 33% getting the recommended 7-8 hours. Therefore, the increase in sleep-related problems is driving the growth of the smart pillow market.
Tech-Driven Innovations Transforming the Smart Pillow Market
Major companies operating in the smart pillow market are developing innovative smart pillows using AI algorithms to gain a competitive edge in the market. This provides users with necessary information about their sleep status along with a sleep score and needs to be charged. For instance, in September 2022, Xiaomi, a China-based multinational electronics company, the Xiaomi Smart Pillow, integrating AI algorithms for comprehensive fitness and health monitoring during sleep. The smart pillow is equipped with a piezoelectric sensor that can precisely record heartbeat, snoring, body movement, and breathing providing necessary comfort and support to the user.
The smart pillow market covered in this report is segmented -
1) By Product Type: Anti-Snoring, Multifunctional, Other Products
2) By Material: Latex Pillow, Foam Pillow, Down and Feather Pillow, Wool Or Cotton Pillow, Polyester Pillow, Other Material
3) By Distribution Channel: Online Distribution Channel, Offline Distribution Channel
4) By Application: Residential, Hotel, Hospital
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Major companies operating in the smart pillow market are Tactile Medical Inc., DOWNLITE, MAETEL GmbH & Co. KG, Nanit, Messe Frankfurt GmbH, ADVANSA Marketing GmbH, MyPillow Inc., Sleepace, Mediflow USA, Eight Sleep, Down & Feather Company, Inc., Smart Nora, SleepSmart, REM-Fit, GioClavis Co. Ltd., MOONA, Advanced Sleep Technology Inc., iSense AG, Dreampad, Tempur-Pedic Inc., Sunrise Smart Pillow, Peter Kohl Nachfolger GmbH & Co. KG, ROHDEX Bettfedern GmbH & Co. KG, Karl Sluka GmbH & Co. KG
Contents of the report:
1. Executive Summary
2. Smart Pillow Market Report Structure
3. Smart Pillow Market Trends And Strategies
4. Smart Pillow Market - Macro Economic Scenario
5. Smart Pillow Market Size And Growth
…..
27. Smart Pillow Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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