In the year Global sleep tech devices market to grow at a CAGR of 15.67 percent by 2027

The sleep technology devices market is expected to increase positively due to factors such as aging population, prevalence of sleep disorders such as insomnia and narcolepsy, and increasing growth in technologically advanced sleep technology devices. As a result, the sleep technology devices market is expected to grow at a high CAGR from 2022 to 2027.

Las Vegas, August 22, 2022 /PRNewswire/ – DelveInsight’s Market Insights for Sleep Tech Devices The report provides the current and forecast market, upcoming device innovations, market shares of individual leading companies, challenges, Sleep Technology Devices market drivers, barriers and trends, and key Sleep Technology Devices in the market.

Key takeaways from the Sleep Tech Devices market report

• According to DelveInsight estimates, North America It is expected to dominate the global sleep technology devices market during the forecast period.
• Key sleep technology equipment companies such as Koninklijke Philips NV, Huawei Device Co Ltd, ResMed, Xiaomi, Apple Inc, ASUSTeK Computer Inc, SAMSUNG, Masimo, Garmin Ltd, Compumedics Limited, NIHON KOHDEN CORPORATION, Cadwell Industries Inc, Eight Sleep, Emfit Ltd, Ōura Health, Sleep Shepherd LLC , Sleepace, Apollo Neuroscience Inc, Braebon Medical Corporation, Noiseand others are currently dominating the market for sleep technology devices.
• in June 2022Garmin, Switzerland-based multinational tech company VivoSmart 5 has launched a fitness band in India. IndiaAlong with health features, for example, comes advanced sleep monitoring (through sleep stages).
• in June 2022pTron, An Indian electronics manufacturing company has announced the launch of a new smartwatch IndiaForce X10E, which includes features such as sleep monitoring.
• in June 2022Amazefit, A smart wearable brand, GTS 2 has launched a smartwatch with some unique features as a sleep tracker India.
• in October 2020Samsung, The largest manufacturer of electronic devices has launched the Galaxy Fit 2 fitness tracker IndiaThis includes sleep monitoring.

To read more about the latest highlights related to the sleep technology devices market, get a snapshot of the key highlights covered in Global Sleep Tech Devices Market Report

Sleep Tech Devices

Sleep technology devices are state-of-the-art devices used to track, monitor, and improve sleep for people with sleep disorders such as sleep apnea, narcolepsy, and insomnia. These devices help users understand their sleep habits, allowing them to sleep better and perform better during the day. Sensors in sleep technology devices monitor a person’s activity, sleep patterns, heart rate, and blood oxygen levels to assess sleep levels.

Market Insights for Sleep Tech Devices

North America In the year It is predicted to lead the global sleep technology devices market in 2021 and is expected to do so again during the forecast period of 2022-2027. Reasons such as the increase in the frequency of sleep disorders such as narcolepsy and the introduction of technologically advanced sleep technology devices AmericaIt is estimated to boost the demand for sleep technology in North America sleep tech devices market. Additionally, the region’s growth in launching technology-enhanced sleep technology devices will drive the sleep technology devices market.

As a result, the interplay of the above-mentioned factors for sleep technology devices will create a favorable growth environment for the sleep technology devices market in the North American region.

Learn more about why North America Leading the market growth in the sleep technology devices market, get a snapshot of the report Market overview of sleep tech devices

Market dynamics of sleep tech devices

of A growing number of elderly people It is one of the major drivers of the sleep technology devices market. Another important factor driving the growth of the sleep technology devices market is the Increasing prevalence of insomnia Globally. In addition, as National Sleep Foundation, World Sleep Association, Brazilian Sleep Association, Italian Sleep Medicine AssociationAnd others educate people around the world about sleep and related diseases.

However, the Privacy risks Home sleep technology devices, such as those offered by sleep tracking devices, can be developed. False positive results And they are not 100% correct, which is a hindrance to the global sleep technology devices market expansion.

Additionally, the ongoing Covid-19 pandemic has had a significant impact on the sleep technology devices market. Manufacturing of hi-tech gadgets has been hampered across the country by state-wide lockdowns, movement restrictions on non-essential goods and labor shortages at manufacturing facilities. However, sleep issues appear to be prevalent during the ongoing Covid-19 pandemic, along with high levels of psychological stress that may increase the risk of sleep disorders. As a result, the covid outbreak is likely to have a significant impact on the sleep technology devices market. Dormant technology devices are predicted to develop further throughout the forecast period, such as mass vaccinations, the relaxation of lockdown restrictions and the restart of supply networks, logistics and industrial units.

Check out the Sleep Tech Devices Market @ Market trends in sleep tech devices

Scope of the Sleep Tech Devices Market Report

• Cover: International
• Study period: 2019–2027
• Market segmentation by type: Wearable and non-wearable
• Market Segmentation by Application: Obstructive sleep apnea, central sleep apnea, insomnia, narcolepsy and more
• Market Segmentation by End User: Hospitals, home care settings and more.
• Market segmentation by geography: North America, Europe, Asia-Pacificand the rest of the world
• Key Sleep Tech Devices Companies: Koninklijke Philips NV, Huawei Device Co Ltd, ResMed, Xiaomi, Apple Inc, ASUSTeK Computer Inc, SAMSUNG, Masimo, Garmin Ltd, Compumedics Limited, NIHON KOHDEN CORPORATION, Cadwell Industries Inc, Eight Sleep, Emfit Ltd, Ōura Health, Sleep Shepherd LLC , Sleep Time , Apollo Neuroscience Inc. , Brabone Medical Corporation , Noise , and more
• Porter’s Five Forces Analysis, Product Profiles, Case studies, KOL views, analyst views

DelveInsight Analytics: The sleep tech devices market size is expected to grow by a CAGR 15.67% During the forecast period (2022–2027).

When you browse the trend @ which key players are emerging in the sleep tech devices market. Sleep Tech Equipment Companies

details of the situation

Want to know how the sleep technology devices market will grow in 2027? Click to get a screenshot of the photo Market analysis of sleep tech devices

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Source DelveInsight Business Research, LLP