The Global Sleep Tech Devices Market to Grow at a Significant CAGR of ~17% by 2030, etimates DelveInsight

Sleep tech devices companies such as Koninklijke Philips N.V, Huawei Device Co Ltd, ResMed, Xiaomi, Apple Inc, ASUSTeK Computer Inc, SAMSUNG, Masimo, Garmin Ltd, Compumedics Limited, NIHON KOHDEN CORPORATION, Cadwell Industries Inc, Eight Sleep, Emfit Ltd, Oura Health, Sleep Shepherd LLC, Sleepace, Apollo Neuroscience Inc, Braebon Medical Corporation, Noise, and several others.
(Albany, USA) DelveInsight's Sleep Tech Devices Market Insights report provides the current and forecast market, forthcoming device innovation, individual leading companies' market shares, challenges, sleep tech devices market drivers, barriers, and trends, and key sleep tech devices companies in the market.

The sleep tech devices market is expected to boost positively due to factors such as an ageing population, an increase in the prevalence of sleep disorders such as insomnia and narcolepsy, and an increase in the development of technologically advanced sleep tech devices. As a result, the sleep tech devices market is expected to rise at a considerable CAGR from 2024 to 2030.

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Key Takeaways from the Sleep Tech Devices Market Report

* As per DelveInsight estimates, North America is anticipated to dominate the global sleep tech devices market during the forecast period.
* Key sleep tech devices companies such as Koninklijke Philips N.V, Huawei Device Co Ltd, ResMed, Xiaomi, Apple Inc, ASUSTeK Computer Inc, SAMSUNG, Masimo, Garmin Ltd, Compumedics Limited, NIHON KOHDEN CORPORATION, Cadwell Industries Inc, Eight Sleep, Emfit Ltd, Oura Health, Sleep Shepherd LLC, Sleepace, Apollo Neuroscience Inc, Braebon Medical Corporation, Noise, and several others are currently dominating the sleep tech devices market.
* On October 28, 2024, Neurovalens, a prominent health-tech company, launched Modius Sleep, a groundbreaking device aimed at treating chronic insomnia. This innovative product utilizes non-invasive neurostimulation technology to enhance sleep quality by targeting specific neurons in the brain responsible for regulating sleep patterns.
* On September 30, 2024, ResMed, a health technology company, a new collection of patient-centric digital solutions designed to enhance the management of sleep apnea. This launch includes innovative products that integrate artificial intelligence and digital wearables to improve patient engagement and health outcomes.
* On June 13, 2024, Wakefit, a company that offers home solutions, particularly in sleep products, launched Wakefit Zense range, an AI-powered sleep solutions, in India. It includes Regul8 and Track8 where former is a mattress temperature controller which manages the surface temperature of the mattress, while latter is a contactless sleep tracker.
* In February 2024, ResMed launched its AirCurve 11 series devices. These devices use two levels of support, inspiratory positive airway pressure (IPAP) and expiratory positive airway pressure (EPAP), combined with digital technology to make it easier for healthcare providers to treat sleep apnea and to help patients start and stay on therapy. This product launch may help the company to gain a competitive edge over its peers.
* In October 2023, Fisher & Paykel Healthcare Corporation Limited announced the launch of the F&P Solo mask in New Zealand and Australia for the treatment of obstructive sleep apnea (OSA). Without conventional straps to undo and pull, the mask reduces overtightening on the face. This product launch helped the company to increase its product range and acquire an enhanced customer base.
* In June 2022, Garmin, a Swiss-domiciled multinational technology company, launched its Vivosmart 5 fitness band in India, with health features such as it comes with advanced sleep monitoring (with sleep stages).
* In June 2022, pTron, an Indian electronics manufacturer, announced the launch of a new smartwatch in India: the Force X10E, which includes features such as sleep monitoring.
* In June 2022, Amazefit, a smart wearable brand, launched GTS 2 smartwatch with some special features such as sleep monitoring in India.

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Sleep Tech Devices Overview

Sleep tech devices are innovative tools designed to monitor, analyze, and improve sleep quality using advanced technologies. These devices cater to individuals struggling with sleep disorders, such as insomnia or sleep apnea, and those seeking to optimize their sleep for better health and productivity.

Sleep tech includes wearable devices like smartwatches and fitness trackers, non-wearable options such as bedside monitors or smart mattresses, and therapeutic devices like CPAP machines for sleep apnea. Wearables typically measure metrics like sleep duration, stages (light, deep, REM), heart rate, and movement through sensors. Non-wearables use motion detection, sound analysis, or biometrics to provide insights into sleep patterns without direct contact.

Some devices integrate with apps to offer personalized recommendations, guided relaxation techniques, or alarms optimized for waking during lighter sleep stages. Advanced systems use artificial intelligence (AI) to provide actionable insights and adaptive feedback based on individual sleep data.

These devices are beneficial for identifying sleep issues, tracking progress over time, and promoting better sleep hygiene. However, while sleep tech enhances awareness, it is not a substitute for professional medical advice. Combining these tools with healthy sleep habits and consulting healthcare providers for persistent issues ensures the most effective sleep improvement strategies.

Sleep Tech Devices Market Insights

North America is predicted to lead the global sleep tech devices market in 2021, and it is expected to do so again during the forecast period of 2024-2030. Factors such as the rising frequency of sleep disorders such as narcolepsy, as well as an increase in the launch of technologically advanced sleep tech devices in the United States, are projected to drive demand for sleep tech devices in the North American sleep tech devices market. Furthermore, the region's spike in the launch of technologically enhanced sleep tech devices will drive the sleep tech devices market.

As a result, the interaction of the factors described above for sleep tech devices would produce a favourable growth environment for the North American region in the sleep tech devices market.

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Sleep Tech Devices Market Dynamics

The growing geriatric population is one of the primary drivers of the sleep tech devices market. Another important reason driving the growth of the sleep tech devices market is the rising prevalence of insomnia globally. Furthermore, organisations such as the National Sleep Foundation, World Sleep Society, Brazilian Sleep Society, Italian Association of Sleep Medicine, and others educate people all over the world about sleep and related diseases.

However, the privacy hazards offered by sleep-tracking devices and home sleep tech devices are likely to produce false-positive results and are not 100% accurate, hampering the global sleep tech devices market expansion.

Additionally, the ongoing COVID-19 pandemic has substantially impacted the sleep tech devices market. The manufacturing of sleep tech gadgets was hampered by a statewide lockdown in practically every country, mobility restrictions for non-essential commodities, and a lack of labour at the production facilities. However, sleep issues appear to have been widespread during the ongoing COVID-19 pandemic, which has been linked to a high degree of psychological distress, which can enhance the likelihood of sleep disorders. As a result, the COVID pandemic might have greatly impacted the sleep tech devices market. Sleep tech devices are predicted to develop further throughout the forecast period, as are mass vaccinations, relaxation of lockdown limitations, and the restart of supply networks, logistics, and industrial units.

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Scope of the Sleep Tech Devices Market Report

* Coverage: Global
* Study Period: 2024 - 2030
* Market Segmentation By Type: Wearables and Non Wearables
* Market Segmentation By Application: Obstructive Sleep Apnea, Central Sleep Apnea, Insomnia, Narcolepsy, and Others
* Market Segmentation By End User: Hospitals, Home-Care Settings, and Others
* Market Segmentation By Geography: North America, Europe, Asia-Pacific, and Rest of World
* Key Sleep Tech Devices Companies: Koninklijke Philips N.V, Huawei Device Co Ltd, ResMed, Xiaomi, Apple Inc, ASUSTeK Computer Inc, SAMSUNG, Masimo, Garmin Ltd, Compumedics Limited, NIHON KOHDEN CORPORATION, Cadwell Industries Inc, Eight Sleep, Emfit Ltd, Oura Health, Sleep Shepherd LLC, Sleepace, Apollo Neuroscience Inc, Braebon Medical Corporation, Noise, among others
* Porter's Five Forces Analysis, Product Profiles, Case Studies, KOL's Views, Analyst's View
* DelveInsight Analysis: The Sleep Tech Devices market size is expected to grow at a CAGR of 17.31% during the forecast period (2024 - 2030).

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Table of Contents

1. Report Introduction

2. Executive summary

3. Regulatory and Patent Analysis

4. Key Factors Analysis

5. Porter's Five Forces Analysis

6. COVID-19 Impact Analysis on Sleep Tech Devices Market

7. Sleep Tech Devices Market Layout

8. Global Company Share Analysis - Key 3-5 Companies

9. Company and Product Profiles

10. Project Approach

11. About DelveInsight

About DelveInsight

DelveInsight is a leading Business Consultant, and Market Research firm focused exclusively on life sciences. It supports Pharma companies by providing comprehensive end-to-end solutions to improve their performance.

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