Sleep Market Size Forecast: $84.60 Billion by 2029 | Global Outlook

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What Is the Projected Market Size Valuation of the Sleep Market by 2025?
The size of the sleep market has seen vigorous expansion in recent periods. The market value is predicted to increase from $61.83 billion in 2024 to $65.91 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.6%. Escalating interest in non-invasive and medication-free sleep aids, a growing incidence of health problems linked to lifestyle, increased favorability for personalized healthcare solutions, a burgeoning shift towards sleep monitoring from home, and a mounting trend of digital health paired with telemedicine have all contributed to the previous growth.

What Is the Estimated Market Growth Value for the Sleep Industry in 2029?
Expectations are high for robust expansion in the sleep market size in the ensuing years, with projections indicating a leap to $84.60 billion by 2029, representing a compound annual growth rate (CAGR) of 6.4%. Factors contributing to the growth during the forecast period encompass an increasing number of sleep disorder cases, heightened awareness around the crucial role of sleep health, a rise in the aging population, more utilization of wearable sleep trackers and escalating concerns over mental health. Emerging trends within the forecast period consist of developments in wearable technology, the incorporation of artificial intelligence in sleep-monitoring gadgets, the innovation of smart mattresses and pillows, the introduction of contactless sleep-monitoring technologies, and the incorporation of voice-controlled virtual assistants.

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What Are the Growth Drivers and Opportunities in the Sleep Market?
The escalating incidence of mental disorders is projected to fuel the expansion of the sleep market. Medical conditions that influence emotions, thought processes, or behavior to an extent that it often impedes a person's ability to undertake regular activities are known as mental illnesses. The escalating phenomena of mental disorders can be attributed to the stress that has become synonymous with contemporary lifestyles, this includes work-related strain, financial insecurities, and perpetual engagement in the digital realm. High-quality and restful sleep can cultivate better mental health by fostering emotional resilience, soothing anxiety, and bolstering the brain's ability to deal with stress and mood conditions. For example, the Australian Institute of Health and Welfare, a government entity in Australia responsible for health and welfare statistics, reported in May 2025 that about 26% of Australians aged 15 and over encountered a mental illness in 2022. Therefore, the mounting occurrence of mental disorders acts as a catalyst for the expansion of the sleep market.

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What Are the Primary Segments Covered in the Global Sleep Market Report?
The sleep market covered in this report is segmented -

1) By Product Type: Sleep Aids, Sleep Technologies, Sleep Devices, Bedding, Mattresses, Pillows, Other Product Types
2) By Indication: Insomnia, Sleep Apnea, Narcolepsy, Restless Leg Syndrome, Rapid Eye Movement Sleep Behavior Disorder, Other Indications
3) By Distribution Channel: Online, Offline

Subsegments:
1) By Sleep Aids: Prescription Sleep Medications, Melatonin Supplements, Cannabidio*l (CB*D) Products
2) By Sleep Technologies: Smart Sleep Monitoring Apps, Artificial Intelligence-Based Sleep Platforms, Smart Sleep Environment Systems
3) By Sleep Devices: Oral Appliances, Sleep Masks, Anti-Snoring Devices
4) By Bedding: Bed Sheets, Mattress Toppers, Weighted Blankets
5) By Mattresses: Innerspring Mattresses, Memory Foam Mattresses, Latex Mattresses
6) By Pillows: Memory Foam Pillows, Latex Pillows, Cooling Pillows
7) By Other Product Types: White Noise Machines, Sleepwear, Sleep Aromatherapy Products

What Are the Top Growth Trends in the Sleep Market?
Leading corporations in the sleep market are prioritizing the development of innovative technologies including smart sleep analytics systems. Such technologies aim to improve sleep quality through personalized sleep therapy and providing real-time observations and understanding of sleep behaviours. The smart sleep analytics services are governed by tech-powered platforms which use sensors and AI to provide custom analyses of sleep patterns, thereby contributing to improved sleep quality. For example, Wakefit Innovations Limited, a company based in India that offers sleep and home solutions, launched an AI-driven sleep health system in June 2024. The system provides personalized insights and practical suggestions for bettering sleep quality and managing sleep disorders more efficiently. This makes sleep care services more accessible, cost-effective, and data-oriented, although it raises issues around data privacy and the precision of sleep data.

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Which Companies Are Shaping the Future of the Sleep Market?
Major companies operating in the sleep market are Koninklijke Philips N.V., Garmin Ltd, ResMed Inc., Sleep Number Corporation, Nihon Kohden Corporation, Fisher & Paykel Healthcare Corporation Limited, Natus Medical Incorporated, Itamar Medical Ltd., Withings S.A.S., Cadwell Industries Inc., BMC Medical Co. LTD., Eight Sleep Inc., Compumedics Limited, Simba Sleep Limited, Shenzhen Sleepace Technology Co. Ltd., Cleveland Medical Devices Inc., Advanced Brain Monitoring Inc., Braebon Medical Corporation, SOMNOMEDICS AG., Somnox B.V., Apex Medical Corporation

Which Region Holds the Largest Market Share in the Sleep Industry?
North America was the largest region in the sleep market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sleep market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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