Smart Sleep Monitor Market Report, Size, Share, Growth, Trends, Industry Forecast to 2033

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The new report published by The Business Research Company, titled Smart Sleep Monitor Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the smart sleep monitor market size has grown rapidly in recent years. It will grow from $22.25 billion in 2023 to $25.41 billion in 2024 at a compound annual growth rate (CAGR) of 14.2%. The smart sleep monitor market size is expected to see rapid growth in the next few years. It will grow to $43.42 billion in 2028 at a compound annual growth rate (CAGR) of 14.3%.

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What Is Driving The Growth Of The Global Smart Sleep Monitor Market?

Surge in Sleep Disorders Drives Demand For Advanced Sleep Monitoring Solutions
The rising incidence of sleep-related ailments is expected to propel the growth of the smart sleep monitor market going forward. Sleep-related ailments refer to conditions that disrupt the ability to sleep well regularly, affecting the quantity, quality, or timing of sleep and potentially leading to excessive daytime sleepiness. The rise in the incidence of sleep-related ailments is largely driven by socioeconomic stress, shifts in lifestyle, and an aging population. A sophisticated sleep monitor tracks various metrics, such as heart rate, fluctuations in heart rate, breathing patterns, snoring, body temperature, and periods of wakefulness, to analyze sleep patterns and identify potential health issues. For instance, in May 2023, according to SleepFoundation.org, a US-based non-profit organization dedicated to sleep health information and comprehensive product testing, between 50 million and 70 million people experienced persistent sleep disorders, with a rise attributed to post-traumatic stress disorder (PTSD). Additionally, 70% of adults are affected by seasonal affective disorder (SAD). Therefore, the rising incidence of sleep-related ailments is driving the growth of the smart sleep monitor market.

What Is The Key Trend In The Global Smart Sleep Monitor Market?

Advancements In Smart Sleep Monitors Enhanced Market Growth
Major companies operating in the smart sleep monitor market are focusing on developing advanced solutions, such as artificial intelligence-based integrated smart sleep monitor devices, to enhance accuracy, provide personalized insights, and improve the overall user experience. Artificial intelligence-based integrated smart sleep monitor devices refer to advanced sleep tracking systems that utilize AI algorithms to analyze sleep patterns, predict sleep quality, and offer personalized recommendations for improving sleep. For instance, in July 2024, Samsung Electronics Co. Ltd., a South Korea-based electronic appliances company, launched the Galaxy Ring, which features extensive health tracking capabilities, including metrics for sleep such as movement, sleep latency, heart rate, and respiratory rate. It also tracks menstrual cycles through overnight skin temperature monitoring. Additionally, the ring offers continuous heart rate monitoring, alerting users to any unusual fluctuations, automatically detecting and tracking different exercises, and sending inactivity alerts to promote movement.

How Is The Global Smart Sleep Monitor Market Segmented?
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

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How Is The Competitive Landscape Of The Global 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.

Contents Of The Global Smart Sleep Monitor Market
1. Executive Summary
2. Smart Sleep Monitor Market Report Structure
3. Smart Sleep Monitor Market Trends And Strategies
4. Smart Sleep Monitor Market - Macro Economic Scenario
5. Smart Sleep Monitor Market Size And Growth
…..
27. Smart Sleep Monitor Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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