Global Sleep Tech Devices Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Product Type;
Wearables, and Non-Wearables.ByEnd User;
Hospitals, Homecare Settings, and Other.By Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global Sleep Tech Devices Market (USD Million), 2021 - 2031
In the year 2024, the Global Sleep Tech Devices Market was valued at USD 22,784.82 million. The size of this market is expected to increase to USD 62,856.53 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 15.6%.
The global sleep tech devices market has witnessed a remarkable surge in recent years, driven by the growing awareness regarding the importance of quality sleep and its impact on overall health and well-being. With the increasing prevalence of sleep disorders such as insomnia, sleep apnea, and restless leg syndrome, consumers are actively seeking technological solutions to monitor and improve their sleep patterns. This burgeoning demand has spurred innovation in the sleep tech industry, leading to the development of a wide range of devices including wearable sleep trackers, smart mattresses, and sleep monitoring apps that utilize advanced sensors and artificial intelligence algorithms to analyze sleep data and provide actionable insights for users to enhance their sleep quality.
The integration of sleep tracking features into mainstream wearable devices like smartwatches and fitness trackers has significantly widened the reach of sleep tech technology, making it more accessible to a broader consumer base. As a result, there has been a growing interest in sleep tech solutions that not only monitor sleep but also offer relaxation techniques, guided meditation, and personalized sleep coaching to help individuals manage stress and improve sleep hygiene. With ongoing advancements in sensor technology, data analytics, and artificial intelligence, the global sleep tech devices market is poised for continued growth as it addresses the evolving needs and preferences of consumers seeking better sleep solutions in an increasingly digitalized world.
Global Sleep Tech Devices Market Recent Developments
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In June 2024, Samsung is set to launch the Galaxy Ring, a finger-worn wearable device that tracks sleep, monitors heart rate, and more, in India
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In August 2021, ResMed, a global leader in digital health and sleep apnea treatment, has launched the AirSense 11, its next-generation positive airway pressure (PAP) device, aimed at helping millions of people worldwide manage sleep apnea.
Segment Analysis
The Global Sleep Tech Devices Market is segmented by product type into wearables and non-wearables, catering to different preferences and needs of consumers and healthcare providers. Wearables, such as sleep trackers, smartwatches, and fitness bands, are becoming increasingly popular due to their convenience and ability to provide real-time data on sleep patterns, heart rate, and movement. These devices are widely used by individuals to monitor their sleep quality, enabling them to adjust their habits and improve overall well-being. Non-wearables, including devices like sleep masks, CPAP machines, and smart beds, provide alternative solutions for more severe or clinical sleep disorders, such as sleep apnea, where continuous monitoring and intervention are required.
End-user segmentation includes hospitals, homecare settings, and other specialized environments. Hospitals remain a dominant end-user segment as they provide advanced diagnostic tools and treatments for complex sleep disorders like sleep apnea and narcolepsy. Sleep tech devices in hospitals are mainly used in sleep studies, therapy applications (e.g., CPAP for sleep apnea), and monitoring critical patients. Homecare settings, however, have seen rapid growth in recent years, with an increasing number of patients preferring to manage their sleep conditions at home with devices such as CPAP machines, portable sleep monitors, and therapeutic equipment. This shift is largely driven by convenience, cost-effectiveness, and advancements in device technology that allow for accurate monitoring in a home environment.
Other end-users in the sleep tech devices market include sleep clinics, research institutions, and wellness centers. These facilities use sleep tech devices for specialized diagnostics, treatment planning, and research purposes. As awareness of sleep disorders grows, these centers are increasingly adopting innovative technologies to provide personalized sleep solutions. Additionally, wellness-focused devices and apps are being used in non-medical settings to promote better sleep hygiene and improve sleep quality, further expanding the scope of the market. Together, these segments reflect the diverse range of applications and growing demand for sleep tech devices across healthcare and consumer wellness sectors.
Global Sleep Tech Devices Segment Analysis
In this report, the Global Sleep Tech Devices Market has been segmented by Product Type, End User, and Geography.
Global Sleep Tech Devices Market, By Product Type
The Global Sleep Tech Devices Market has been segmented by Product Type into Wearables and Non-wearables.
Wearables, characterized by devices such as smartwatches, fitness trackers, and augmented reality glasses, have gained immense popularity for their seamless integration into daily life. These gadgets offer users a hands-free experience, facilitating tasks like fitness monitoring, notifications management, and even immersive entertainment. With advancements in miniaturization and sensor technology, wearables have transcended their initial niche appeal to become mainstream accessories that seamlessly blend functionality with fashion. The convergence of health and technology has further propelled the growth of wearables, with devices increasingly focusing on wellness monitoring, stress management, and sleep tracking to cater to the holistic needs of consumers.
Non-wearables encompass a broad spectrum of electronic devices that aren't designed to be worn on the body. This category includes smartphones, tablets, laptops, desktop computers, smart home appliances, and entertainment systems. Unlike wearables, non-wearables offer a more traditional user experience, often involving manual interaction through touchscreens, keyboards, or voice commands. Despite the ubiquity of wearables, non-wearables remain indispensable in various aspects of modern life, serving as primary tools for communication, productivity, entertainment, and information access. With continuous innovation driving improvements in performance, connectivity, and user experience, non-wearables continue to evolve to meet the ever-changing demands of consumers in an increasingly connected world.
Global Sleep Tech Devices Market, By End User
The Global Sleep Tech Devices Market has been segmented by End User into Hospitals, Homecare Settings, and Other.
The Global Sleep Tech Devices Market is segmented by end-user into hospitals, homecare settings, and other specialized settings, reflecting the growing need for sleep-related treatments and diagnostics across different healthcare environments. Hospitals remain a key segment as they provide comprehensive care for patients with severe sleep disorders, such as sleep apnea or narcolepsy. In hospitals, sleep tech devices are often used in sleep studies and monitoring, where precise data on sleep patterns is crucial for diagnosis and treatment planning.
Homecare settings are rapidly growing in importance, driven by the increasing demand for at-home sleep solutions. Patients are now more likely to monitor and manage their sleep disorders from the comfort of their own homes, using devices such as CPAP machines, sleep trackers, and other home diagnostic equipment. These devices offer convenience, affordability, and the ability to monitor sleep conditions without the need for frequent hospital visits, making them an attractive option for patients with chronic conditions.
Other end-users in the sleep tech devices market include specialized sleep clinics, research institutes, and wellness centers. These settings typically focus on providing sleep assessments, treatments, and research opportunities to further understand sleep disorders. As sleep awareness grows, these institutions are using advanced sleep tech devices to help diagnose and treat various sleep issues, contributing to the ongoing evolution of the sleep tech landscape. The diversity of end-users highlights the broad applications of sleep tech devices and their essential role in modern healthcare and wellness.
Global Sleep Tech Devices Market, By Geography
In this report, the Global Sleep Tech Devices Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Sleep Tech Devices Market Share (%), by Geographical Region, 2024
North America stands out as a leading market due to the region's advanced healthcare infrastructure, high awareness about sleep disorders, and increasing adoption of technology-driven solutions. The presence of key players and robust research and development activities contribute to the market's growth in this region. Europe follows closely behind, driven by rising healthcare expenditure, a growing aging population, and the prevalence of lifestyle-related sleep disorders. The region's stringent regulatory framework also ensures the quality and safety of sleep tech devices, bolstering consumer confidence.
The Asia Pacific region is experiencing rapid growth propelled by factors such as increasing disposable income, expanding healthcare infrastructure, and growing awareness about the importance of sleep health. The adoption of wearable technology and smartphones in countries like China and India is driving the demand for sleep monitoring devices. The Middle East and Africa region is witnessing steady growth, with rising healthcare expenditure and increasing prevalence of sleep disorders due to lifestyle changes and urbanization. Latin America, although a smaller market compared to other regions, is poised for growth due to improving economic conditions and increasing awareness about sleep disorders, which are driving the adoption of sleep tech devices in the region.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Sleep Tech Devices Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Wearable tech adoption for monitoring
- Demand for easy-to-use monitoring
- Government support for sleep health
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AI and machine learning integration - The integration of artificial intelligence (AI) and machine learning (ML) into sleep tech devices marks a significant advancement in the industry. AI and ML algorithms enable these devices to analyze vast amounts of data collected during sleep monitoring, providing more accurate insights into sleep patterns and disorders.
By learning from user data over time, these technologies can offer personalized recommendations and interventions to improve sleep quality. Moreover, AI and ML integration enhances the predictive capabilities of sleep tech devices, allowing for early detection of potential sleep-related health issues and proactive management strategies.
Restraints
- Accuracy issues with data
- Tech adoption resistance
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Compatibility challenges - One of the significant challenges facing the sleep tech industry is compatibility issues with existing platforms and devices. Sleep monitoring devices often need to sync with smartphones, tablets, or other gadgets to display data or provide notifications. Inconsistencies in operating systems, software versions, or hardware configurations can lead to compatibility issues, hindering the seamless integration of sleep tech devices with other devices or platforms.
Addressing compatibility challenges requires close collaboration between sleep tech manufacturers and technology providers to develop standardized protocols and interfaces that ensure smooth interoperability across different devices and platforms.
Opportunities
- Remote area distribution expansion
- Telemedicine integration
- Health professional and consumer education
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Mainstream tech device collaboration - Collaboration between sleep tech companies and mainstream technology device manufacturers presents a promising opportunity to reach a wider audience and enhance user experience. By integrating sleep tracking features into mainstream devices such as smartphones, smartwatches, or fitness trackers, sleep tech companies can leverage existing distribution channels and user bases to promote sleep health awareness and adoption of sleep monitoring technology.
Mainstream tech device collaboration also enables seamless integration of sleep tracking functionalities into users' daily routines, making it easier for individuals to monitor their sleep patterns and make informed decisions to improve their overall health and well-being.
Competitive Landscape Analysis
Key players in Global Sleep Tech Devices Market include;
- Beddit
- Casper Sleep Inc
- Dodow (LIVLAB)
- Dreem
- Eight Sleep
- Emfit Ltd
- Fitbit Inc
- Koninklijke Philips N V
- Oura Health Ltd
- ResMed Inc
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By End User
- Market Snapshot, By Region
- Global Sleep Tech Devices Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Wearable tech adoption for monitoring
- Demand for easy-to-use monitoring
- Government support for sleep health
- AI and machine learning integration
- Restraints
- Accuracy issues with data
- Tech adoption resistance
- Compatibility challenges
- Opportunities
- Remote area distribution expansion
- Telemedicine integration
- Health professional and consumer education
- Mainstream tech device collaboration
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Sleep Tech Devices Market, By Product Type, 2021 - 2031 (USD Million)
- Wearables
- Non-wearables
- Global Sleep Tech Devices Market, By End User, 2021 - 2031 (USD Million)
- Hospitals
- Homecare Settings
- Other
- Global Sleep Tech Devices Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Sleep Tech Devices Market, By Product Type, 2021 - 2031 (USD Million)
- Competitive Landscape Analysis
- Company Profiles
- Beddit
- Casper Sleep Inc
- Dodow (LIVLAB)
- Dreem
- Eight Sleep
- Emfit Ltd
- Fitbit Inc
- Koninklijke Philips N V
- Oura Health Ltd
- ResMed Inc
- Company Profiles
- Analyst Views
- Future Outlook of the Market