What Has Been The Evolution of the Smart Sleep Monitor Market in Recent Years?
The smart sleep monitor market has seen considerable growth due to a variety of factors.
• The smart sleep monitor market has experienced rapid growth in recent years. It will grow from $25.41 billion in 2024 to $29.1 billion in 2025 at a compound annual growth rate (CAGR) of 14.5%.
The growth is driven by the popularity of wearable technology, the convenience of home monitoring, patient monitoring applications, customized sleep solutions, and affordable sleep apps.
What Is the Forecasted Market Size and Growth Rate for The Smart Sleep Monitor Market Size In The Coming Years?
The smart sleep monitor market is expected to maintain its strong growth trajectory in upcoming years.
• The smart sleep monitor market is projected to grow rapidly, reaching $49.55 billion by 2029 at a CAGR of 14.2%.
The growth is driven by mental health awareness, regulatory support for sleep health, demand for data-driven insights, non-wearables, and rising smart sleep monitor adoption. Key trends include fitness device integration, increased industry partnerships, sleep research investment, advanced sensing technologies, and AI-driven data analytics.
What Factors Are Driving Growth In The Smart Sleep Monitor Market?
The smart sleep monitor market is projected to grow due to the increasing prevalence of sleep-related disorders. These conditions, which can negatively impact the amount, quality, or timing of sleep, can lead to excessive fatigue during the day. Factors driving the surge in sleep-related disorders include socioeconomic stressors, lifestyle changes, and an aging demographic. Advanced sleep monitors measure various elements, such as heart rate changes, breathing patterns, snoring, body temperature, and periods of restlessness, to study sleep behaviors and detect potential health issues. For example, SleepFoundation.org, a non-profit US organization committed to providing sleep health information and thorough product evaluations, revealed in May 2023 that persistent sleep disorders affected between 50 million and 70 million people. This increase was associated with post-traumatic stress disorder (PTSD). Besides, 70% of adults suffer from seasonal affective disorder (SAD). Therefore, the mounting prevalence of sleep-related disorders is propelling the growth of the smart sleep monitor market.
What Are The Main Segments Of The Global Smart Sleep Monitor Market?
The smart sleep monitor market covered in this report is segmented –
1) By Type: Wearable Devices, Non-Wearable Devices
2) By Technology: Sensing Technology, Computing Technology, Display Technology
3) By Application: Online Sales, Offline Sales
Subsegments:
1) By Wearable Devices: Smartwatches, Fitness Trackers, Sleep Headbands, Smart Rings, Wearable Sleep Sensors
2) By Non-Wearable Devices: Sleep Tracking Mats, Under-Mattress Sensors, Smart Pillows, Non-Wearable Sleep Bands, Bedside Sleep Monitors
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What Emerging Trends Are Influencing The Growth Of The Smart Sleep Monitor Market?
Big firms in the smart sleep monitor market are prioritizing the creation of sophisticated services like AI-integrated smart sleep monitor devices to boost accuracy, offer tailored insights, and elevate user satisfaction. The term AI-integrated smart sleep monitor devices applies to advanced sleep monitoring technologies that use AI algorithms to study sleep patterns, forecast sleep quality, and provide personalized suggestions for sleep improvement. Take for example, Samsung Electronics Co. Ltd., an electronics company from South Korea, introduced the Galaxy Ring in July 2024. This device boasts a wide range of health-monitoring abilities, including sleep parameters like movement, sleep latency, heart rate, and respiratory rate. It also monitors menstrual cycles by undertaking overnight skin temperature measurements. Moreover, the ring provides constant heart rate tracking, warns users about erratic fluctuations, identifies and tracks different workouts automatically, and sends sedentary alerts to encourage physical activity.
Who Are the Key Players In The Smart Sleep Monitor Market?
Major companies operating in the smart sleep monitor market are:
• Apple Inc.
• Samsung Electronics Co. Ltd
• Xiaomi Corporation
• Nokia Inc.
• Koninklijke Philips NV
• 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
• Ultrahuman Inc.
• Onera Health Inc.
• Xsensio Inc.
What Is The Most Dominant Region In The Smart Sleep Monitor Market?
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.
