The Sleep Tech Devices market is anticipated to grow at a significant CAGR of 16% during the forecast period. Rising technological advancements in sleep tech devices to provide relief to patients affected by serious sleep disorders leads to the growth of the sleep tech devices market. The emergence of advanced technologies such as artificial intelligence (AI) in recent times has impacted almost every industry including sleep health by assisting in the management of sleep conditions such as insomnia. Using AI several manufacturers are coming up with an AI-powered smart bed, smart pillow, digital tools, and apps that are integrated with advanced features that are capable of monitoring users’ sleeping patterns and assisting them in having better sleep. Moreover, these AI-powered sleep devices come with companion iOS/ Android apps that assist users in keeping track of data that can further aid in preventing, managing, and treating disorders or diseases. Some recent launches in this segment include-
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Although the sleep tech devices market was negatively affected by the COVID-19 pandemic due to the closing of production facilities of devices, as a result of the implementation of lockdown globally. However, during the COVID-19 pandemic, a large number of infected people suffered from sleep deficiency, as a result of health problems caused by the virus, which in turn, affected the sales of these sleep tech devices. People started working from home and investing in their health which augmented the use of sleep tech instruments that can diagnose monitor, and manage sleep disorders.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Sleep Tech Devices Market Report Segment
By Product
- Sleep Wearables
- Sleep Monitors
- Smart Beds
- Digital Application Tools
- Others
By End-Use
- Hospitals
- Home-Care Settings
- Others
Sleep Tech Devices MarketReport Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the Sleep Tech Devices market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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