Sleep Monitoring Apps Market Report, Size, Share, Growth, Trends, Industry Analysis, Forecast to 2033

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The new report published by The Business Research Company, titled Sleep Monitoring Apps Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the sleep monitoring apps market size has grown exponentially in recent years. It will grow from $3.20 billion in 2023 to $3.87 billion in 2024 at a compound annual growth rate (CAGR) of 21.0%. The sleep monitoring apps market size is expected to see exponential growth in the next few years. It will grow to $8.33 billion in 2028 at a compound annual growth rate (CAGR) of 21.1%.

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What Is Driving The Growth Of The Global Sleep Monitoring Apps Market?

Increasing Sleep Disorder Prevalence Fuels Growth In Sleep Monitoring Apps Market
The rising prevalence of sleep disorders is expected to propel the growth of the sleep monitor apps market going forward. Sleep disorders refer to conditions that disrupt the ability to sleep well regularly, affecting the quantity, quality, or timing of sleep and potentially leading to excessive daytime sleepiness. The rise in sleep disorders is primarily due to increasing stress, lifestyle changes, and the prevalence of electronic devices disrupting sleep patterns. Sleep monitor apps help mitigate sleep disorders by providing detailed insights, tracking patterns, and offering personalized recommendations to improve sleep quality and habits. For instance, in November 2023, according to the data published by the National Health Service, a UK-based publicly funded healthcare system, 64.9% of young people aged 17 to 23 experienced sleep problems three or more times over the previous seven nights in 2023, up from 64.0% in 2022. This rate remained higher than that of children aged 8 to 16 in both years. The prevalence for young women increased from 76.7% in 2022 to 74.7% in 2023, while for young men, it rose from 52.3% in 2022 to 55.7% in 2023. Therefore, the rising prevalence of sleep disorders is driving the growth of the sleep monitor apps market.

What Is The Key Trend In The Global Sleep Monitoring Apps Market?

Innovative Audio-Based Solutions In The Sleep Monitoring Apps Market Enhancing Accuracy And User Engagement
Major companies operating in the sleep monitoring apps market are focused on developing innovative audio-based sleep-tracking apps to enhance accuracy and user engagement. Audio-based sleep-tracking apps use a smartphone's microphone to monitor and analyze sounds during sleep, such as breathing patterns and movements. For instance, in August 2021, Sleep Cycle Inc., a Sweden-based company that provides software solutions, launched the Sleep Cycle app for Wear OS, allowing users to conveniently track their sleep via smartwatches. Although the app uses the phone's sensors for sleep measurement, the smartwatch acts mainly as a remote interface to control tracking. By leveraging the new Wear OS health services application programming interface (API), the app can automatically detect sleep and manage alarms and tracking on the Galaxy Watch4 and Galaxy Watch4 Classic, enhancing efficiency and accuracy in sleep data.

How Is The Global Sleep Monitoring Apps Market Segmented?
The sleep monitoring apps market covered in this report is segmented -

1) By Operating System: iPhone Operating System (iOS), Android
2) By Subscription Model: Paid, Monthly, Annually, Free
3) By Application: Sleep Quality Tracking, Heart Rate Tracking, Respiration Rate Tracking

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How Is The Competitive Landscape Of The Global Sleep Monitoring Apps Market?
Major companies operating in the sleep monitoring apps market are Apple Inc., Samsung Electronics Co. Ltd., Xiaomi Corporation, Koninklijke Philips N.V., Garmin Ltd, ResMed Inc, Fitbit LLC, Polar Electro Inc., Headspace Inc., Calm ltd, Runtastic Sleep Better, Oura Health, Beddit Inc., Sleep Cycle Inc., FitSleep Inc., Emfit Inc., Ten Percent Happier, SLUMBER Group, Sleepiest Inc., Pzizz Ltd, Noisli Ltd, Moshi Inc.

Contents Of The Global Sleep Monitoring Apps Market
1. Executive Summary
2. Sleep Monitoring Apps Market Report Structure
3. Sleep Monitoring Apps Market Trends And Strategies
4. Sleep Monitoring Apps Market - Macro Economic Scenario
5. Sleep Monitoring Apps Market Size And Growth
…..
27. Sleep Monitoring Apps Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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