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Sleep Tech Device Trends and Forecast
The future of the global sleep tech device market looks promising with opportunities in the wearable, monitoring device, smart gadget, and digital tool markets. The global sleep tech device market is expected to reach an estimated $37.6 billion by 2030 with a CAGR of 15.7% from 2024 to 2030. The major drivers for this market are growing number of individuals suffering from sleep disorders, increasing understanding of the benefits of restorative sleep for general health and wellbeing, as well as, putting more emphasis on enhancing the general infrastructure of the healthcare system and the state of healthcare facilities.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Sleep Tech Device by Segment
The study includes a forecast for the global sleep tech device by distribution channel, product type, and region.
Sleep Tech Device Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:
• Clinics
• Hospitals
• Online
• Others
Sleep Tech Device Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Wearables
• Monitoring Devices
• Smart Gadgets
• Digital Tools
• Others
Sleep Tech Device Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Sleep Tech Device Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies sleep tech device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the sleep tech device companies profiled in this report include-
• Casper
• Compumedics
• Dodow
• Eight Sleep
• Oura Health
• Nihon Kohden
• Apple
• Xiaomi
• Nokia
• Apollo Neuroscience
Sleep Tech Device Market Insights
Lucintel forecasts that hospital is expected to witness the highest growth over the forecast period due to higher tendency to deliver exceptional customer satisfaction.
North America will remain the largest region over the forecast period because of the regionÄX%$%Xs robust healthcare facility infrastructure, the marketÄX%$%Xs strongholds, and the growing volume of research being conducted there.
Features of the Global Sleep Tech Device Market
Market Size Estimates: Sleep tech device market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Sleep tech device market size by distribution channel, product type, and region in terms of value ($B).
Regional Analysis: Sleep tech device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different distribution channel, product type, and regions for the sleep tech device market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the sleep tech device market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the sleep tech device market size?
Answer: The global sleep tech device market is expected to reach an estimated $37.6 billion by 2030.
Q2. What is the growth forecast for sleep tech device market?
Answer: The global sleep tech device market is expected to grow with a CAGR of 15.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the sleep tech device market?
Answer: The major drivers for this market are growing number of individuals suffering from sleep disorders, increasing understanding of the benefits of restorative sleep for general health and wellbeing, as well as, putting more emphasis on enhancing the general infrastructure of the healthcare system and the state of healthcare facilities.
Q4. What are the major segments for sleep tech device market?
Answer: The future of the global sleep tech device market looks promising with opportunities in the wearable, monitoring device, smart gadget, and digital tool markets.
Q5. Who are the key sleep tech device market companies?
Answer: Some of the key sleep tech device companies are as follows:
• Casper
• Compumedics
• Dodow
• Eight Sleep
• Oura Health
• Nihon Kohden
• Apple
• Xiaomi
• Nokia
• Apollo Neuroscience
Q6. Which sleep tech device market segment will be the largest in future?
Answer: Lucintel forecasts that hospital is expected to witness the highest growth over the forecast period due to higher tendency to deliver exceptional customer satisfaction.
Q7. In sleep tech device market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period because of the regionÄX%$%Xs robust healthcare facility infrastructure, the marketÄX%$%Xs strongholds, and the growing volume of research being conducted there.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the sleep tech device market by distribution channel (clinics, hospitals, online, and others), product type (wearables, monitoring devices, smart gadgets, digital tools, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Sleep Tech Device Market, Sleep Tech Device Market Size, Sleep Tech Device Market Growth, Sleep Tech Device Market Analysis, Sleep Tech Device Market Report, Sleep Tech Device Market Share, Sleep Tech Device Market Trends, Sleep Tech Device Market Forecast, Sleep Tech Device Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Sleep Tech Device Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Sleep Tech Device Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Sleep Tech Device Market by Distribution Channel
3.3.1: Clinics
3.3.2: Hospitals
3.3.3: Online
3.3.4: Others
3.4: Global Sleep Tech Device Market by Product Type
3.4.1: Wearables
3.4.2: Monitoring Devices
3.4.3: Smart Gadgets
3.4.4: Digital Tools
3.4.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Sleep Tech Device Market by Region
4.2: North American Sleep Tech Device Market
4.2.2: North American Sleep Tech Device Market by Product Type: Wearables, Monitoring Devices, Smart Gadgets, Digital Tools, and Others
4.3: European Sleep Tech Device Market
4.3.1: European Sleep Tech Device Market by Distribution Channel: Clinics, Hospitals, Online, and Others
4.3.2: European Sleep Tech Device Market by Product Type: Wearables, Monitoring Devices, Smart Gadgets, Digital Tools, and Others
4.4: APAC Sleep Tech Device Market
4.4.1: APAC Sleep Tech Device Market by Distribution Channel: Clinics, Hospitals, Online, and Others
4.4.2: APAC Sleep Tech Device Market by Product Type: Wearables, Monitoring Devices, Smart Gadgets, Digital Tools, and Others
4.5: ROW Sleep Tech Device Market
4.5.1: ROW Sleep Tech Device Market by Distribution Channel: Clinics, Hospitals, Online, and Others
4.5.2: ROW Sleep Tech Device Market by Product Type: Wearables, Monitoring Devices, Smart Gadgets, Digital Tools, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Sleep Tech Device Market by Distribution Channel
6.1.2: Growth Opportunities for the Global Sleep Tech Device Market by Product Type
6.1.3: Growth Opportunities for the Global Sleep Tech Device Market by Region
6.2: Emerging Trends in the Global Sleep Tech Device Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Sleep Tech Device Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Sleep Tech Device Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Casper
7.2: Compumedics
7.3: Dodow
7.4: Eight Sleep
7.5: Oura Health
7.6: Nihon Kohden
7.7: Apple
7.8: Xiaomi
7.9: Nokia
7.10: Apollo Neuroscience
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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