The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The smart sleep monitor market size has seen rapid growth in recent years, expected to expand from $22.25 billion in 2023 to $25.41 billion in 2024 at a compound annual growth rate (CAGR) of 14.2%. The growth during the historical period is largely due to the popularity of wearable technology, the convenience of home monitoring, patient monitoring applications, customized sleep solutions, and the affordability of sleep apps. This market is projected to grow even further, reaching $43.42 billion in 2028 at a CAGR of 14.3%. The anticipated growth in the forecast period can be linked to a heightened focus on mental health, regulatory support for sleep health initiatives, consumer demand for data-driven insights, a growing variety of non-wearable products, and an increasing demand for smart sleep monitors. Major trends expected in the forecast period include integration with fitness devices, a rise in partnerships within the industry, increased investment in sleep research, advancements in sensing technologies, and the use of data analytics and AI.

The rising incidence of sleep-related ailments is anticipated to drive the growth of the smart sleep monitor market in the future. Sleep-related ailments disrupt the ability to achieve quality sleep, impacting its quantity, quality, or timing, and may result in excessive daytime sleepiness. The increasing prevalence of sleep-related ailments is mainly driven by socioeconomic stress, lifestyle shifts, and an aging population. Smart sleep monitors are designed to track various metrics, such as heart rate, fluctuations in heart rate, breathing patterns, snoring, body temperature, and periods of wakefulness, in order to analyze sleep patterns and detect potential health issues. For instance, in May 2023, according to SleepFoundation.org, a US-based non-profit organization dedicated to sleep health, it was reported that between 50 million and 70 million individuals experienced persistent sleep disorders, with a notable increase linked 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.

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What Are The Key Trends That Influence Smart Sleep Monitor Market Share Analysis?

Major companies in the smart sleep monitor market are working on developing advanced solutions, such as artificial intelligence-based integrated smart sleep monitor devices, to improve accuracy, provide personalized insights, and enhance the overall user experience. These AI-driven integrated smart sleep monitors utilize algorithms to analyze sleep patterns, predict sleep quality, and offer personalized recommendations for better sleep. For instance, in July 2024, Samsung Electronics Co. Ltd., a South Korea-based electronic appliances firm, launched the Galaxy Ring, which offers extensive health tracking capabilities, including metrics for sleep such as movement, sleep latency, heart rate, and respiratory rate. The ring also tracks menstrual cycles through overnight skin temperature monitoring, provides continuous heart rate monitoring to alert users to unusual fluctuations, automatically detects and tracks different exercises, and sends inactivity alerts to encourage movement.

Which Market Players Are Driving Growth In The 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.

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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The Smart Sleep Monitor Global Market Report 2024 provides an overview of the smart sleep monitormarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The smart sleep monitor market forecast analyzes smart sleep monitor market size, smart sleep monitor market share, leading competitor and their market positions.

The Table Of Content For The Smart Sleep Monitor Market Include

1. Smart Sleep Monitor Market Executive Summary
2. Smart Sleep Monitor Market Segments
3. Smart Sleep Monitor Market Size And Template Market Growth Rate
4.  Key Smart Sleep Monitor Market Trends
5. Major Smart Sleep Monitor Market Drivers
……
25. Key Mergers And Acquisitions In The Smart Sleep Monitor Market
26. Top Smart Sleep Monitor Companies
27. Smart Sleep Monitor Market Opportunities And Strategies
28. Smart Sleep Monitor Market, Conclusions And Recommendations
29. Appendix

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