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Akumen Research and Consultant recently published a report entitled “Sleep Tech Equipment Market Size, Share, Analysis Report and Regional Forecast, 2022 – 2030”.
Los Angeles, July 12, 2022 (Globe Newsvier) – International Sleep Tech Equipment Market The amount is estimated at $ 15,407 million by 2021 and is projected to reach $ 60,955 million by 2030, with a CAGR of 16.8% between 2022 and 2030.
Increasing sleep patterns among individuals are a major factor in the growing market for global sleep technology. One of the most common sleep disorders a person has is sleep apnea (OSA). Sleep apnea (OSA) is a common respiratory disorder characterized by frequent partial hypoxia or complete obstruction of the upper respiratory tract during sleep, resulting in hypoxia, wakefulness, and insomnia. According to the American Academy of Sleep Medicine (AASM), more than 930 million adults between the ages of 30-69 have moderate to severe OSA, and 425 million people worldwide have moderate to severe OSA.
The rise of wearable technology is a recent trend in the sleep technology equipment market. In addition, perceptions of sleep disorders among individuals, especially in the developing economy, have had a positive impact on the market share of sleep technology devices. As a result, the global sleep technology equipment market forecasts a CAGR increase of more than 16% between 2022 and 2030.
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Report coverage
| Market | Sleep Tech Equipment Market | |
| Market size 2021 | $ 15,407 million | |
| Market Forecast 2030 | $ 60,955 million | |
| CAGR in 2022 – 2030 | 16.8% | |
| Analysis time | 2018 – 2030 | |
| Foundation year | 2021 | |
| Forecast data | 2022 – 2030 | |
| Covered rooms | By product, by sex, By application, distribution channel and geography | |
| Regional boundary | North America, Europe, Asia Pacific, Latin America and the Middle East and Africa | |
| Key companies revealed | Fitbit Inc. (Google LLC), Bedbit (Apple Inc.), Koninklijke Philips NV, Xiaomi, Oura Health Ltd., Sleep Shepherd LLC, Casper Sleep Inc., Dodow (LIVLAB), Cadwell Industries Inc., Eighth Sleep, Resmed Inc. And Wings. |
|
| Report coverage | Market Trends, Drivers, Restrictions, Competitive Analysis, Player Profile, Control Analysis | |
| Customization limit | 10 hours Free customization And expert consultation | |
Impact of CV-19 on the Global Sleep Tech Equipment Market
The CVD-19 epidemic has caused psychological and sleep problems in various populations such as health professionals, people infected with CVD-19 and the general population. Respiratory diseases were the fourth leading cause of death before 2020. However, with the spread of the novel coronavirus, respiratory infections have killed many people. According to the World Health Organization (WHO), as of April 16, 2021, more than 137,866,000 known cases of COVID-19 and more than 2,965,000 cases of COVID-19 have been reported worldwide.
Previous studies have linked the distribution of CVD-19 to high levels of psychological distress and major mental health symptoms. The sudden onset of a life-threatening illness can put a strain on health care workers. As a result, health care workers have to cope with the illness, may have difficulty sleeping, have a high risk of death, and have to adjust to irregular work schedules and regular shifts. Sudden increase in sleep disturbances, increased demand for sleep technology equipment, although the market has not performed well due to locking measures and the closure of manufacturing facilities. However, our sleep technology equipment industry analysis shows that with the locks removed and the manufacturing facilities fully operational, supply and demand have returned to normal.
Market variability of sleep tech devices
Increasing technology advances in sleep controllers is one of the biggest opportunities for the growth of sleep technology devices market. Sleep monitors are becoming more sophisticated. For example, 2 Breathing is a smart device that should be done at the waist before going to bed. The device can detect breathing and play sounds to help with sleep, and automatically shuts off when you fall asleep. It is connected to an app that shows how a person sleeps every morning. Bedet, on the other hand, is a sleep sensor with a thin rectangle that sits under the bed sheets. It then monitors various parameters, including sleep, different sleep levels, breathing rate, heart rate, and more.
The industry is dominated by an increasing number of elderly people. For example, according to the US Census Bureau, the number of Americans aged 65 and over will double in the next 40 years, and it is expected to reach 80 million by 2040.
However, market growth is limited by the strict rules set forth on these devices. The high cost of these devices is another factor that is expected to limit the growth of the industry. In addition, the lack of newly developed sleep monitors could create many growth opportunities for the market in the coming years.
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Global Sleep Tech Equipment Market Division
The global sleep technology equipment market is divided into product, gender, app, distribution channel and region. The product category is divided into wearable (smart watches and bands) and wearable (beds, sleeper displays, etc.). A.D. By 2021, wearable products will generate the largest sleep technology equipment on the market.
The market is divided between men and women based on gender. According to our analysis, men need the most sleep monitoring devices, but women’s demand for sleep devices is growing exponentially. Sleep deprivation, narcolepsy, sleep apnea and other application categories. Of these, hospital sleep apnea in 2021 is the largest sleep technology market. It is also distributed in the distribution channel industry in specialized clinics, hospitals, directly to consumers and others. The direct-to-consumer segment may be witnessing rapid growth due to the growing demand for online shopping.
Regional Statement of Sleep Tech Equipment Market
The global view of the global sleep technology equipment market is given by North America, Europe, Latin America, Asia-Pacific and the Middle East and Africa. North America is the largest marketer of sleep technology devices. However, the Asia-Pacific region is expected to record rapid growth in the coming years. Increasing sleep apnea cases in countries such as China and India may increase the demand for sleep technology. For example, in a study in rural India, sleep apnea was 3.7 percent of the AHI standard. In total, this includes 36.4 million people suffering from OSA in rural India.
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Sleep Tech Equipment Market Players
Fitbit Inc., some of the world’s most covered sleep technology devices (Google LLC), Bedet (Apple Inc.), Koninklijke Philips NV, Xiaomi, Oura Health Ltd., Sleep Shepherd LLC, Casper Sleep Inc., Dodow (LIVLAB), Cadwell Industries. Ink., Eight Sleep, Resmed Ink
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