Future of the Smart Sleep Monitor Market: Trends, Innovations, and Key Forecasts Through 2034

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Smart Sleep Monitor Market Size Growth Forecast: What to Expect by 2025?
In the past few years, the smart sleep monitor market has seen a rapid expansion. The market is projected to increase from $25.41 billion in 2024 to $28.94 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 13.9%. Factors contributing to the growth during the historic period include the rising fame of wearable technology, the ease offered by home monitoring, applications for patient monitoring, personalized sleep solutions, along with the cost-effectiveness of sleep apps.

How Will the Smart Sleep Monitor Market Size Evolve and Grow by 2029?
The market size of smart sleep monitors is projected to witness a substantial expansion in the upcoming years, escalating to $48.76 billion in 2029, growing at a compound annual growth rate (CAGR) of 13.9%. The surge in growth for the prediction period can be ascribed to increased focus on mental well-being, legislatory backing for sleep wellness initiatives, consumer inclination towards data-informed perceptions, an expanding collection of non-wearable devices, and heightened demand for smart sleep monitors. Main tendencies expected in the forecast span comprise consolidation with health and fitness gadgets, proliferating collaborations in the sector, amplified funding in sleep studies, progressed sensory technologies, and data analytics and AI.

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What Drivers Are Propelling the Growth of Smart Sleep Monitor Market Forward?
The escalation in sleep-related disorders is predicted to drive the expansion of the smart sleep monitor market. These disorders, which disrupt regular sleep patterns and negatively impact sleep quality, quantity, and timing, potentially resulting in excessive daytime fatigue, are primarily attributed to socioeconomic stress, lifestyle changes, and increased aging population. An advanced sleep monitor measures various parameters including heart rate variations, breathing patterns, snoring, body temperature, and wakefulness periods to evaluate sleep behaviours and detect potential health issues. For instance, SleepFoundation.org, a non-profit organization based in the U.S. focused on sleep health information and comprehensive product testing, stated in May 2023 that between 50 and 70 million individuals had chronic sleep disorders, with an increase linked to post-traumatic stress disorder (PTSD). Additionally, seasonal affective disorder (SAD) affects 70% of adults. Therefore, the escalation of sleep-related disorders is fuelling the expansion of the smart sleep monitor market.

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What Trends Will Shape the Smart Sleep Monitor Market Through 2029 and Beyond?
Prominent firms in the smart sleep monitor market are concentrating on creating innovative solutions such as artificial intelligence (AI)-integrated smart sleep monitor devices to increase precision, offer custom insights, and enhance the overall user experience. These AI-integrated smart sleep monitor devices are sophisticated sleep monitoring systems which apply AI algorithms to assess sleep habits, predict sleep quality, and provide personalized suggestions for sleep improvement. For example, Samsung Electronics Co. Ltd., an electronics enterprise based in South Korea, introduced the Galaxy Ring in July 2024. This device includes comprehensive health tracking features, capturing data on sleep-related metrics like movement, sleep latency, heart rate, and respiratory rate. Also, it monitors menstrual cycles via overnight skin temperature tracking. Further, the ring provides ongoing heart rate tracking, notifies users of abnormal variations, automatically identifies and records different workouts, and issues alerts for inactivity to encourage movement.

What Are the Key Segments in the Smart Sleep Monitor Market?
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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Who Are the Key Players Shaping the Smart Sleep Monitor Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Smart Sleep Monitor Market?
North America was the largest region in the smart sleep monitor market in 2024. The regions covered in the smart sleep monitor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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