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Rising Sleep Disorders Fueling Growth In The Sleep Tech Devices Market: Strategic Insights Driving Sleep Tech Devices Market Momentum in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Sleep Tech Devices Market Size By 2025?
There has been a swift expansion in the market size of sleep tech devices in the last few years. The growth is projected to rise from $22.01 billion in 2024 to $25.26 billion in 2025, translating to a compound annual growth rate (CAGR) of 14.8%. The substantial growth observed in the previous years can be due to the labor scarcity in agriculture sector, the drive to enhance crop production, emphasis on precision agriculture, sustainability objectives, along with cost reduction and efficiency improvements.
How Big Is the Sleep Tech Devices Market Size Expected to Grow by 2029?
The market size of sleep tech devices is set to experience a substantial surge in the coming years, escalating to $48.37 billion by 2029 with a cumulative average growth rate (CAGR) of 17.6%. This growth projection for the period can be attributed to factors such as the deployment of self-directed harvesting vehicles, the use of predictive analytics for determining crop maturity, remote monitoring and control mechanisms, energy-efficient harvesting solutions, and market penetration into various crop segments and geographical areas. Key trends to watch during this forecast period encompass the acceptance of automation and robotics, the fusion of artificial intelligence and machine learning, precision farming methodologies, IoT-powered harvesting machinery, selective harvesting for enhanced quality, and decision-making influenced by data.
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Which Key Market Drivers Powering Sleep Tech Devices Market Expansion and Growth?
Sleep tech devices market is anticipated to surge due to the escalating occurrence of sleep disorders. These devices aid in the monitoring and enhancement of sleep quality through providing data and insights into sleep patterns, suggesting personalized modifications, and endorsing the adoption of good sleep habits. They're also useful in diagnosing and keeping track of sleep disorders while offering tailored feedback and advice to enhance the quality of sleep. It is becoming progressively typical for individuals suffering from sleep disorders to utilize sleep tech devices to enrich their sleep quality. For example, NHS Digital, a government agency in the UK, stated in November 2023 that 37.8% of kids between 8 and 16 years reported having sleep issues three or more times in the last week in 2023. Hence, the rising prevalence of sleep disorders is fuelling the expansion of the sleep tech devices market.
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What Are the Key Trends Driving Sleep Tech Devices Market Growth?
The primary players in the Sleep Tech Devices market are concentrating their efforts on the creation of advanced AI-powered sleeping solutions to boost the quality of sleep. AI-powered sleep solutions utilize artificial intelligence technology for tracking, evaluating, and enhancing sleep patterns and quality. These solutions are incorporated into sleep tech gear, like intelligent mattresses or wearable trackers, to enrich sleep quality using data-informed insights and instant feedback. For example, an Indian furniture company, Wakefit, introduced the Zense range in June 2024. It introduced two pioneering products, Regul8 and Track8, marking the debut of India's first AI-powered sleeping solutions targeting sleep quality enhancement and monitoring. They have standout features like temperature management and advanced AI algorithms customization.
What Are the Emerging Segments in the Sleep Tech Devices Market?
The sleep tech devices market covered in this report is segmented -
1) By Product Type: Wearable, Monitoring Devices, Smart Gadgets, Digital Tools, Other Types
2) By Age: Below 45 Years, 45-64 Years, Above 65 Years
3) By Distribution Channel: Sleep Centers And Fitness Centers, Hypermarkets And Supermarkets, E-Commerce, Pharmacy And Retail Stores, Other Channels
4) By Application: Insomnia, Obstructive Sleep Apnea, Narcolepsy, Other Applications
Subsegments:
1) By Wearable: Smartwatches, Fitness Trackers, Sleep Headbands
2) By Monitoring Devices: Sleep Monitors, Bed Sensors, Smart Mattresses
3) By Smart Gadgets: Sleep Masks with Built-In Speakers, Smart Alarm Clocks, Sleep Therapy Machines
4) By Digital Tools: Sleep Apps, Online Sleep Programs, Sleep Journals
5) By Other Types: White Noise Machines, Essential Oil Diffusers, Smart Lighting Solutions
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Who Are the Global Leaders in the Sleep Tech Devices Market?
Major companies operating in the sleep tech devices market include Masimo Corporation, Koninklijke Philips N.V., Fitbit Inc., Xiaomi Corporation, Apple Inc., Eight Sleep, Oura Health Oy, Nihon Kohden Corporation Inc., Casper Sleep, Compumedics Limited, ResMed Inc., Withings, Samsung Electronics Co. Ltd., ASUSTek Computer Inc., Motorola Mobility LLC, Apollo Neuroscience Inc., Nokia Corporation, Huawei Technologies Co. Ltd., Sleep Shepherd LLC, Sleepace, Fossil Group Inc., Serta Simmons Bedding LLC, Tempur Sealy International Inc., Sleep Number Corporation, Emfit Ltd., Beacon Biosignals Inc., Beddit Oy, SleepScore Labs, ZANSOR, Somnox, Sleep Cycle
Which are the Top Profitable Regional Markets for the Sleep Tech Devices Industry?
North America was the largest region in the sleep tech devices market in 2024. Asia-Pacific is expected to be the fastest growing region in the global sleep tech devices market during the forecasted period. The regions covered in the sleep tech devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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