Press release
Surge in Sleep Disorders Drives Demand For Advanced Sleep Monitoring Solutions: A Key Driver Powering Smart Sleep Monitor Market Growth In 2025
The Smart Sleep Monitor Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Current Smart Sleep Monitor Market Size and Its Estimated Growth Rate?
The smart sleep monitor market is projected to grow from $25.41 billion in 2024 to $29.1 billion in 2025 at a CAGR of 14.5%. This growth is attributed to the popularity of wearable technology, convenience of home monitoring, the rising demand for patient monitoring, custom sleep solutions, and the affordability of sleep apps.
The smart sleep monitor market is anticipated to rise rapidly, reaching $49.55 billion in 2029 at a CAGR of 14.2%. Growth is attributed to increased mental health focus, supportive regulations, data-driven demand, popularity of non-wearables, and rising product usage. Trends include fitness device integration, industry partnerships, sleep research funding, advanced sensors, and AI-based analytics.
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How Are Emerging Segments Shaping the Smart Sleep Monitor Market Landscape?
The smart sleep monitor market covered in this report is segmented -
1) By Type: Wearable Devices, Non-Wearable Devices
2) By Technology: Sensing Technology, Computing Technology, Display Technology
3) By Application: Online Sales, Offline Sales
Subsegments:
1) By Wearable Devices: Smartwatches, Fitness Trackers, Sleep Headbands, Smart Rings, Wearable Sleep Sensors
2) By Non-Wearable Devices: Sleep Tracking Mats, Under-Mattress Sensors, Smart Pillows, Non-Wearable Sleep Bands, Bedside Sleep Monitors
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Which Growth Factors Are Influencing Smart Sleep Monitor Market Expansion?
The increasing prevalence of sleep-related disorders is expected to drive the growth of the smart sleep monitor market. As lifestyle changes and stress contribute to sleep issues, more individuals are turning to sleep monitors to track various health metrics. According to the Sleep Foundation in May 2023, between 50 million and 70 million people in the U.S. suffer from sleep disorders, highlighting the growing demand for smart sleep monitoring devices.
Who Are the Dominant Players Across Different Smart Sleep Monitor Market Segments?
Major companies operating in the smart sleep monitor market are Apple Inc., Samsung Electronics Co. Ltd, Xiaomi Corporation, Nokia Inc., Koninklijke Philips NV, Garmin Ltd, ResMed Inc., Sleep Number Corporation, Fitbit LLC, Misfit Inc., Withings Corporation, Owlet Inc., Empatica Inc., Sibel Health Inc., Sleepiz AG, Eight Sleep, Early Sense Inc., Beddit Inc., Emfit Inc., Knownwell Corporation, Ultrahuman Inc., Onera Health Inc., Xsensio Inc.
What Trends Are Driving Growth in The Smart Sleep Monitor Market?
Companies in the smart sleep monitor market are developing integrated devices that use AI to improve sleep accuracy, offer personalized insights, and enhance the user experience. These AI-based devices analyze sleep patterns and provide recommendations for better sleep. For instance, in July 2024, Samsung Electronics launched the Galaxy Ring, a wearable that tracks various health metrics, including sleep, heart rate, and respiratory rate. It provides continuous health monitoring and sleep insights.
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Which Geographic Regions Are Expected to Dominate the Smart Sleep Monitor Market in the Coming Years?
North America was the largest region in the smart sleep monitor market in 2023. The regions covered in the smart sleep monitor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Smart Sleep Monitor Market?
2. What is the CAGR expected in the Smart Sleep Monitor Market?
3. What Are the Key Innovations Transforming the Smart Sleep Monitor Industry?
4. Which Region Is Leading the Smart Sleep Monitor Market?
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