Press release
Global Smart Pillows Market Size was valued at USD 75.21 million in 2021, and it is expected to reach a value of USD 155.16 million by 2028, at a CAGR of 10.9% over the forecast period (2022 - 2028) | Increase in sleep-related issues is a key driving fact
The North American market for smart pillows was the largest regional market, accounting for 45.6% of global sales in 2021. According to a survey conducted in December 2021 by The Good Body, more than 35% of Americans did not get the recommended seven hours of sleep, and 20% of them experienced sleep disorders. Additionally, 7 out of 10 pupils in the United States have sleep deprivation, and 97% of children in the country sleep for fewer hours per night than is advised. During its examination, the National Sleep Foundation came across similar findings. Obesity, narcolepsy, sleep apnea, restlessness, insomnia, and sleep behavioral problems can all be brought on by persistently receiving too little sleep. In the US, obesity has elevated to a severe health concern. In 2021, 39.6 % of American people, according to the National Center for Health Statistics, will be obese. Therefore, for more restful sleep that will reduce the development of multiple illnesses including obesity, the majority of medical authority's advice utilizes smart pillows.
The fastest market growth is expected in the Asia Pacific, with a CAGR of 33.4% from 2021 to 2028. South Asians, according to Dr. Erik St. Louis, Co-Director of the Mayo Clinic Center for Sleep Medicine, do not get enough sleep. In Malaysia, 35% of citizens and 20% of Thai citizens, respectively, experience insomnia. The potential of the smart pillow is expected to increase as a result of these erratic sleeping patterns in Malaysia and Thailand.
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Read market research report, "Global Smart Pillows Market is segmented based on Application, Distribution Channel, and Region. Based on Application the market is further sub segmented into Residential, Commercial. Based on Distribution Channel the market is further sub-segmented into Online, Offline, Telecom, and Others, & By Region - Forecast and Analysis 2022-2028" by SkyQuest
Online channels dominated the market in 2021 with a share of 90.7%. The producers have frequently used the channel to advertise their products and increase the size of their consumer base. Additionally, this channel helps companies reach their target market globally, which increases revenue. Additionally, the mode is constantly accessible, allowing it to provide customer service whenever needed. There is relatively little chance of having unpaid trade receivables because consumers are increasingly favoring online purchases.
The offline channels are predicted to have the fastest CAGR between 2021 and 2028, at 32.8%. The manufacturers have been competing for market share in the smart pillow industry to open up a better line of communication with the consumers. Their primary targets are stores that sell furniture, mattresses, and bedding. The construction of a space at these locations will tell customers about the shapes of the products.
Unsurprisingly, data on longevity, happiness, health, and other comparable criteria have shown that some countries perform better than others. This exemplifies how sleep has an impact on every aspect of life. Therefore, the vast majority of medical organizations and doctors recommend the product for improved sleep. Smart pillows are therefore expected to gain popularity among residential consumers in other countries where people sleep for shorter amounts of time on average than they do in the aforementioned countries. The commercial sector is expected to expand at the fastest CAGR, 32.2 %, between 2021 and 2028. The product's increased use by hotels is to blame for the segment's growth.
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The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
What does this Report Deliver?
Market Estimation for 20+ Countries
Global Smart Pillows Market demand by Region, Sub-Region, and Country
Customization on Segments, Regions, and Company Profiles
100+ tables, 150+ Figures
Global, Regional, and Country-specific Smart Pillows Market Trends
Comprehensive Mapping of Smart Pillows Market Parameters
Attractive Investment Proposition in the Global Smart Pillows Market
Competitive Strategies Adopted by Global Smart Pillows Market Key Players
Drivers, Restraints, Opportunities, Challenges, and the impact on the Global Smart Pillows Market Size
Market growth rate till 2028
Regulatory scenario, regional dynamics, and Global Smart Pillows Market insights of leading countries in each region
In-depth Market insights by Region and Country
Market Segmentation Trend Analysis, Opportunities, and Growth
Porter's five force analysis to know the market's condition
Pricing Analysis and Global Smart Pillows Market Sales
Parent market analysis
Product portfolio benchmarking
Speak with our analyst for more information: https://skyquestt.com/speak-with-analyst/smart-pillows-market
SkyQuest has segmented the Global Smart Pillows Market based on Application, Distribution Channel, and Region:
Global Smart Pillows Market by Application Outlook (Revenue, USD million, 2021 - 2028)
Residential
Commercial
Global Smart Pillows Market by Distribution Channel Outlook (Revenue, USD million, 2021 - 2028)
Offline
Online
Global Smart Pillows Market by Regional Outlook (Revenue, USD million, 2021 - 2028)
North America
US
Canada
Mexico
Europe
Germany
The UK
France
The Asia Pacific
China
Japan
India
South America
Brazil
The Middle East and Africa
Key Players in the Global Smart Pillows Market
Sunrise Smart Pillow(US)
Sleep Smart Pillow(US)
Dream Pad(US)
Motion Pillow(US)
0minds(US)
Gio Clavis(South Korea)
Smart Nora(Canada)
iSense Sleep(US)
Pressure Profile Systems Inc(UK)
Advanced Sleep Technologies LLC(US)
Moona(India)
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Global Adhesives and Sealants Market:
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