SLEEP TECH DEVICES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Sleep Tech Devices Market, By Product (Wearables, Non-wearables, and Others), By Application (Insomnia, Obstructive sleep apnea, and Others), By End User (Hospitals, Homecare Settings, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Nov 2024
Code : CMI7508
Pages :150
Formats :
Excel and PDF
Industry : Medical Devices

Key Takeaways from Analyst

Key drivers include rising awareness about the importance of quality sleep and associated health risks of poor sleep. Growing consumer demand for fitness trackers and smart watches with sleep monitoring capabilities is another key tailwind.

Data privacy concerns around biometric data collected through these devices and doubts over accuracy of data can restrain widespread adoption. Lack of medical validations for many consumer-focused products is another limiting factor. High price points of clinical-grade devices also restrict the accessible market size.

The North America region currently dominates the global sleep tech devices market owing to high disposable incomes and obesity rates that exacerbate sleep problems. Asia Pacific is expected to witness the fastest growth led by increasing health awareness, a growing middle class, and large unmet demand in populous nations like India and China.