Press Release Description
Sleep Tech Devices Market to Reach USD54,273 Million by 2030 Due to Growing Prevalence of Sleep Disorders
The Global Sleep Tech Devices Market size was valued at around USD20,837 million in 2024 and is expected to reach USD54,273 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 17.30% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. The market growth is driven by the rising number of individuals suffering from sleep-related disorders and the concerns related to sleep health, the regulatory support for advanced medical devices for the detection and treatment of sleep disorders, the expansion of telehealth facilities to increase the accessibility for healthcare services in different areas of the world, the adoption of latest technologies such as machine learning, AI, deep learning, IoT, etc.
Moreover, the widespread awareness related to healthy sleep habits has increased the demand for medical devices such as sleep tech devices to track sleep patterns and improve the circadian rhythm, thus increasing the growth of the global sleep tech devices market. Additionally, the strict regulations implemented by the legal authorities of various countries to increase the adoption of remote monitoring and digital health are providing ample opportunities for market growth. These regulations aimed to increase healthcare accessibility in underserved places such as rural areas and villages. The efforts are contributing to the widespread acceptance of advanced medical devices such as sleep tech devices, thus increasing the potential market growth. Also, public awareness campaigns and coaching for sleep health are uplifting the market demand by increasing the knowledge about proper sleeping habits and by introducing smart sleep tech devices.
Furthermore, the combination of AI and machine learning in such devices is modifying the market substantially as it reduces manual tasks and enables high automation with more accuracy and precision. However, the geographic disparities and high upfront and operational costs are hindering market growth as they prevent budget-constrained SMEs from entering the market, further states the research report, “Global Sleep Tech Devices Market Analysis, 2025.”
Global Sleep Tech Devices Market Segmentation Analysis
Wearables Product Type Holds the Largest Market Share
Based on the product type, the market is further bifurcated into Wearables and Non-Wearables. Out of them, the Wearables segment is leading the Global Sleep Tech Devices Market with a share of around 75%. The growth is stimulated by the benefits related to wearables over non-wearables, including rings, headsets, bands, smartwatches, etc. These devices can collect signals throughout the day from body movements because they can be worn for the whole day. Additionally, the global preference for wearable sleep tech devices has increased due to the non-invasiveness and non-intrusive behavior of these devices.
Moreover, the multi-functionality of these devices, including the detection of heart rates and blood oxygen levels along with sleep patterns, is contributing to the market growth. Also, these devices are inexpensive compared to non-wearable sleep tech devices, thus becoming an effective solution and increasing the market growth. Furthermore, the manufacturing capacity of companies producing wearable devices is continuously expanding and producing millions of wearables, unlike non-wearables.
North America Leads the Global Sleep Tech Devices Industry
North America is dominating the Global Sleep Tech Devices Market and holds a market share of nearly 40%. The dominance is due to the rising number of patients who are suffering from sleep-related disorders in North America. It is leading to a high demand for sleep tech devices in the region. Millions of patients suffering from such disorders have been reported in countries like the US, Canada, Mexico, etc.
Moreover, the national governments of North American countries are proactively drafting incentives and schemes to improve healthcare facilities by incorporating the latest devices, such as sleep tech devices for insomniac patients and many more. These strategic efforts are contributing to the highest market growth in North America. Also, the region comprises a large tech-savvy population that rapidly adopts the latest modifications in every sector, including healthcare, thus contributing to the market growth.
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including ResMed, Philips, Withings, Fitbit, Garmin, Oura Health, Eight Sleep, Sleep Number, Apple, Sleepace, Huawei, Xiaomi, Emfit, Dreem, SleepScore Labs, and Others are looking forward to strengthening their market positions.
Key Questions Answered in the Research Report
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What key factors would propel and impede the industry across the globe?
- How has the industry been evolving in terms of geography & product adoption?
- How has the competition been shaping up across various regions?
- How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
We offer flexible licensing options to cater to varying organizational needs. Choose the pricing pack that best suits your requirements:
Buy NowNeed Assistance?
WRITE AN EMAIL
sales@marknteladvisors.comCustomization Offered
100% Safe & Secure
Strongest encryption on the website to make your purchase safe and secure