Global Sleep Sensor Market Size To Grow At 7.6% CAGR From 2023 to 2030

Sleep Sensor Market Analysis (2023 - 2030)

As per our research report, the Global Sleep Sensor market size is estimated to be growing at a CAGR of 7.6% from 2023 to 2030.

The pandemic had a significant impact on the sleep sensor market. The production and distribution of sleep sensors were affected due to geographical restrictions for the transport of sleep sensor products. Furthermore, this caused supply chain disruptions during the pandemic, leading to a slowdown in the production of sleep sensors. Moreover, the shortage of the components required to make sleep sensors further halted the production of sleep sensors and declined its demand in the market.

However, the market for sleep sensors witnessed an increase from the healthcare sectors, as healthcare and medical professionals increasingly demanded mattress and bed sleep sensors for monitoring patients’ health. Moreover, sensors with remote monitoring features, enabled doctors and medical professionals to monitor the health status of patients, breathing patterns, disturbances or irregularities in heartbeat or breathing, the body’s response towards medication, and others. Furthermore, the increased prevalence of the geriatric population demanded at-home sleep sensors such as wearable sensors, that enabled family members of the elderly to track, monitor, and analyze the health condition of the elderly and use doctor’s help whenever needed. This further raised the demand for telemedicine and teleconsultations during the pandemic and reduced delays in the treatment of patients.

The restraints to this market include the expensive cost of sleep devices and the lack of consumer awareness regarding sleep disorders and sleep sensor devices.

KEY MARKET INSIGHTS:

• Based on market segmentation by product, wearables hold the highest share of about 76% in the market. The growth is attributed to the increased prevalence of sleep disorders such as insomnia and sleep apnea. Moreover, these trackers help in tracking and monitoring the sleep patterns of the users by analyzing their heartbeat, breathing patterns, and others. Furthermore, smartphones and bands are the widely used wearable products among consumers, as they provide easy and remote tracking of sleep patterns. Furthermore, the non-wearable segment is the fastest-growing during the forecast period. Non-wearable sensors are those that are integrated or attached to the user’s bed or sleeping place. For instance, sleep monitors are placed beside the user’s bed to help track and analyze sleeping patterns, breathing patterns, and others. Further, bed-sleep sensors are those that are integrated into the user’s bed or mattress and help monitor sleep patterns by analyzing body position during sleep. This type of sensor is mostly used by hospitals to monitor patient’s health and perform immediate treatment if needed.

• Based on market segmentation by application, sleep apnea holds the highest share in the market. The demand for sleep sensors for sleep apnea has witnessed an increase, as these specialized sleep sensors help in monitoring breathing patterns and disturbances in the body during sleep, as sleep apnea causes rapid eye movement and breathing disturbances, which can be easily tracked using a sleep sensor and help the patient overcome the problem. Furthermore, insomnia is the fastest-growing segment during the forecast period. The growth is attributed to an increase in insomnia among the young population. Sleep sensors for insomnia help in analyzing the difficulty of patients in falling asleep and in turn help healthcare professionals recommend insomnia-related treatment to patients.

• Based on market segmentation by distribution channel, the online segment holds the highest share with a CAGR of 8.5% in the market. The growth is attributed to increased consumer preferences for digital shopping and door-to-door delivery. Moreover, wearable sleep trackers witnessed an increase from e-commerce platforms, as young consumers increased their demand for smart fitness trackers in the market. Furthermore, supermarket/hypermarket is the fastest-growing segment during the forecast period. Due consumer mindset of physically checking the product before buying and fear of receiving a damaged product while shopping online, has boosted the demand for sleep sensors from offline channels.

• Based on market segmentation by region, North America holds the highest share of the market at about 42%. The growth is attributed to the presence of advanced healthcare facilities, increased prevalence of sleep disorders, and rapid development in the wearable medical devices segment such as product launches and innovations. Furthermore, Asia-Pacific is the fastest-growing region during the forecast period. The growth is attributed to rapid technological development in wearable technologies, an increase in government initiatives for smart devices, and Western influence.

• Companies playing a leading role in the Global Sleep Sensor market profiled in this report are - Beddit (Apple Inc.), Cadwell Industries Inc., Casper Sleep Inc., Eight Sleep, Dodow (LIVLAB), Emfit Ltd., Koninklijke Philips N.V., Fitbit Inc. (Google LLC), ResMed Inc., Sleep Shepherd LLC, Oura Health Ltd., Huawei Technologies Co Ltd, Garmin Ltd, Nike Inc, Sony Corporation, Apple Inc, Sleepace, Xiaomi, and Withings

MARKET SEGMENTATION

By Product

          ​​​Wearables

• Smartwatches and bands

• Others

• Non-wearables

• Sleep monitors

• Beds

• Others

By Application

• • Insomnia

  • Obstructive sleep apnea

  • Narcolepsy

  • Others

By Distribution Channel

• Specialty clinics

• Direct-to-consumer

• Hospital

• Online Channel

• Others

By Region

• North America

• Europe

• Asia-Pacific

• South America

• Middle-East & Africa

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