Dublin, Jan. 06, 2025 (GLOBE NEWSWIRE) — The “Smart Sleep Monitor Market Report 2024” report has been added to ResearchAndMarkets.com’s offering.
This Smart Sleep Monitor market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The smart sleep monitor market size has grown rapidly in recent years. It will grow from $22.25 billion in 2023 to $25.41 billion in 2024 at a compound annual growth rate (CAGR) of 14.2%. The growth during the historic period can be attributed to the popularity of wearable technology, the convenience of home monitoring, applications for patient monitoring, personalized sleep solutions, and the affordability of sleep apps.
The smart sleep monitor market size is expected to see rapid growth in the next few years. It will grow to $43.42 billion in 2028 at a compound annual growth rate (CAGR) of 14.3%. The growth anticipated during the forecast period can be attributed to a focus on mental health, regulatory support for sleep health initiatives, consumer demand for data-driven insights, an expanding range of non-wearable devices, and rising demand for smart sleep monitors. Key trends in the forecast period include integration with fitness devices, expanding industry partnerships, increased investment in sleep research, advancements in sensing technologies, and the use of data analytics and AI.
Growing incidence of sleep-related ailments is fueling the expansion of the smart sleep monitor market. The increasing prevalence of sleep-related disorders is expected to drive the growth of the smart sleep monitor market in the future. Sleep-related disorders are conditions that disrupt regular, high-quality sleep, affecting sleep quantity, quality, or timing and potentially leading to excessive daytime sleepiness. This rise in sleep-related disorders is mainly due to socioeconomic stress, lifestyle changes, and an aging population. Advanced sleep monitors track various metrics, including heart rate, heart rate fluctuations, breathing patterns, snoring, body temperature, and periods of wakefulness, to analyze sleep patterns and detect potential health issues.
Major companies in the smart sleep monitor market are concentrating on developing advanced solutions, such as AI-based integrated smart sleep monitor devices, to improve accuracy, offer personalized insights, and enhance the overall user experience. AI-based integrated smart sleep monitor devices are sophisticated systems that use AI algorithms to analyze sleep patterns, predict sleep quality, and provide personalized recommendations for better sleep.
North America was the largest region in the smart sleep monitor market in 2023. The regions covered in the smart sleep monitor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the smart sleep monitor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Smart Sleep Monitor Competitive Landscape and Company Profiles: Overview, Products and Services, Strategy, Financial Performance
- Apple Inc.
- Samsung Electronics Co. Ltd
- Xiaomi Corporation
- Nokia Inc.
- Koninklijke Philips NV
Smart Sleep Monitor Market Other Major and Innovative Companies
- Garmin Ltd
- ResMed Inc.
- Sleep Number Corporation
- Fitbit LLC
- Misfit Inc.
- Withings Corporation
- Owlet Inc.
- Empatica Inc.
- Sibel Health Inc.
- Sleepiz AG
- Eight Sleep
- Early Sense Inc.
- Beddit Inc.
- Emfit Inc.
- Knownwell Corporation
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 175 |
| Forecast Period | 2024 – 2028 |
| Estimated Market Value (USD) in 2024 | $25.41 Billion |
| Forecasted Market Value (USD) by 2028 | $43.42 Billion |
| Compound Annual Growth Rate | 14.3% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Smart Sleep Monitor Market Characteristics
3. Smart Sleep Monitor Market Trends and Strategies
4. Smart Sleep Monitor Market – Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Smart Sleep Monitor Market Size and Growth
5.1. Global Smart Sleep Monitor Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Smart Sleep Monitor Historic Market Size and Growth, 2018 – 2023, Value ($ Billion)
5.3. Global Smart Sleep Monitor Forecast Market Size and Growth, 2023 – 2028, 2033F, Value ($ Billion)
6. Smart Sleep Monitor Market Segmentation
6.1. Global Smart Sleep Monitor Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Wearable Devices
- Non-Wearable Devices
6.2. Global Smart Sleep Monitor Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Sensing Technology
- Computing Technology
- Display Technology
6.3. Global Smart Sleep Monitor Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Online Sales
- Offline Sales
7. Smart Sleep Monitor Market Regional and Country Analysis
7.1. Global Smart Sleep Monitor Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Smart Sleep Monitor Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/hpc7em
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- Smart Sleep Monitor Market Report 2024
