Increasing Sleep Technology Devices Market Trends, Growing Demand Analysis Till 2030

Globally, North America made the largest contribution to the sleep technology devices in 2020. This is attributed to rising healthcare spending, growing awareness of improving mental and physical well-being, and increasing cases of sleep disorders in the region.

The globe Market value of Sleep-Tech devices is expected to increase from $12,888.4 million in 2020 to $49,984.7 million by 2030. In addition, according to estimates by the market research company P&S Intelligence, the market will develop at a CAGR of 14.5% from 2020 to 2030 (forecast period). The main factors driving the advancement of the market are the increasing incidence of sleep disorders, rising public awareness of the negative effects of untreated sleep apnea, and rising usage of oral devices.

The high prevalence of sleep disorders such as restless legs syndrome, parasomnias, sleep apnea, narcolepsy, and insomnia is driving demand for sleep tech devices as they impact every aspect of life, including relationships, work, and academic performance. mental health, body weight, thinking and safety. In addition, these disorders lead to the development of heart disease and diabetes. Aside from this factor, rising public awareness of the harmful effects of untreated sleep apnea is also driving the expansion of the sleep technology devices market.

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According to the American Academy of Sleep Medicine (AASM), obstructive sleep apnea (OSA) is a common sleep disorder in which a person experiences pauses in breathing during sleep. If left untreated, this condition can affect a person’s health and well-being, as pauses in breathing cause drastic changes in oxygen levels and vital signs, and also affect sleep quality. In addition, untreated apnea over a long period of time puts a tremendous strain on the body, which in turn increases the risk of various other health problems.

Based on the product, the sleep tech devices market is segmented into wearable and non-wearable categories. Meanwhile, the wearable category contributed higher sales to the market between 2015 and 2020, and this trend is expected to continue for years to come. This is attributed to the increasing demand for wearable devices that can track and monitor real-time data. Additionally, these wearable devices help healthcare providers identify problems early and track patterns through continuous monitoring.

Geographically, North America has historically had the largest share of the sleep technology device market. This was due to high healthcare spending and public awareness of the importance of sound sleep for physical and mental well-being in the region. Additionally, the rising incidence of sleep disorders is fueling the demand for sleep tech devices in the region. For example, according to the 2018 sleep apnea statistics, approximately 50-70 million adults in the States had various sleep disorders.

Browse the detailed report on Sleep Tech Devices market trends, business strategies, regional prospects, challenges and analysis up to 2030

In the coming years, the Asia Pacific (APAC) region is expected to be the fastest growing region in the sleep technology devices market. This will be due to rapid technological advances, the growing population of geriatric people, and the leap in the spread of sleep technology in the region. Since geriatric people are highly prone to various sleep disorders, their growing population is having a positive impact on the demand for sleep tech devices in the region. Industry players are also resorting to mergers and acquisitions to meet increasing customer demand for these devices.

Therefore, it is safe to say that sales of sleep tech devices are set to soar in the years to come, largely due to the increasing prevalence of sleep disorders around the world.

Sleep Technology Market Size Breakdown by Segment

By product

through application

  • insomnia
  • sleep apnea
  • narcolepsy
  • Restless Leg Syndrome
  • Rapid Eye Movement (REM) sleep behavior disorder
  • Other

By gender

By age

  • Under 45 years
  • 45-64 years
  • Over 65 years

By distribution channel

By region

  • Sleep Technology Devices Market in North America
    • By product
    • By request
    • By gender
    • By age
    • By distribution channel
    • By Country – States and Canada
  • Sleep Technology Devices Market in Europe
    • By product
    • By request
    • By gender
    • By age
    • By distribution channel
    • By Country – Germany, France, UK, Italy, Spain and Rest of Europe
  • Asia Pacific (APAC) Sleep Technology Devices Market.
    • By product
    • By request
    • By gender
    • By age
    • By distribution channel
    • By Country – Japan, China, India, Australia, South Korea and Rest of APAC
  • Latin America Sleep Technology Devices Market (LATAM).
    • By product
    • By request
    • By gender
    • By age
    • By distribution channel
    • By Country – Brazil, Mexico and Rest of LATAM
  • Middle East and Africa (MEA) Sleep Technology Devices Market.
    • By product
    • By request
    • By gender
    • By age
    • By distribution channel
    • By Country – Saudi Arabia, South Africa and the rest of MEA

Market segment analysis of countries

  • US market for sleep tech devices
    • By product
    • By request
    • By gender
    • By age
    • By distribution channel
  • Sleep Technology Devices Market in Canada
    • By product
    • By request
    • By gender
    • By age
    • By distribution channel
  • Sleep Technology Devices Market in Germany
    • By product
    • By request
    • By gender
    • By age
    • By distribution channel
  • Sleep Technology Devices Market in France
    • By product
    • By request
    • By gender
    • By age
    • By distribution channel
  • UK Sleep Tech Devices Market
    • By product
    • By request
    • By gender
    • By age
    • By distribution channel
  • Sleep Technology Devices Market in Italy
    • By product
    • By request
    • By gender
    • By age
    • By distribution channel
  • Sleep Technology Devices Market in Spain
    • By product
    • By request
    • By gender
    • By age
    • By distribution channel
  • Sleep Technology Devices Market in Japan
    • By product
    • By request
    • By gender
    • By age
    • By distribution channel
  • Sleep Technology Devices Market in China
    • By product
    • By request
    • By gender
    • By age
    • By distribution channel
  • Sleep Technology Devices Market in India
    • By product
    • By request
    • By gender
    • By age
    • By distribution channel
  • Sleep Technology Devices Market in Australia
    • By product
    • By request
    • By gender
    • By age
    • By distribution channel
  • Sleep Technology Devices Market in South Korea
    • By product
    • By request
    • By gender
    • By age
    • By distribution channel
  • Sleep Technology Devices Market in Brazil
    • By product
    • By request
    • By gender
    • By age
    • By distribution channel
  • Sleep Technology Devices Market in Mexico
    • By product
    • By request
    • By gender
    • By age
    • By distribution channel
  • Sleep Technology Devices Market in Saudi Arabia
    • By product
    • By request
    • By gender
    • By age
    • By distribution channel
  • Sleep Technology Devices Market in South Africa
    • By product
    • By request
    • By gender
    • By age
    • By distribution channel

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Anxiety and Depression Treatments Market – Geographically, Asia-Pacific is expected to be the fastest growing region in the Anxiety and Depression Treatment Market during the forecast period. This is attributed to factors such as the skyrocketing population of geriatric people, increasing age-related risks such as anxiety and depression, and the increasing prevalence of depression among young people in the Region. According to the Nations Population Fund (UNFPA), by 2050, one in four people in APAC will be over the age of 60. In addition, the population of people aged 60 and over will triple between 2010 and 2050, reaching 1.3 billion.

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Increasing Sleep Technology Devices Market Trends, Growing Demand Analysis Till 2030

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