Global Sleep Tech Devices Market- Industry Analysis and forecast 2019 – 2027:

Posted by akash Arjun pingale on December 7th, 2020

Global Sleep Tech Devices Market size was valued nearly US$ XX Bn. in 2019 and the total revenue is expected to grow at 14.3% through 2019 to 2027, reaching nearly US$ XX Bn.   Global Sleep Tech Devices Market The report covers an in-depth analysis of COVID 19 pandemic impact on Global Sleep Tech Devices Market by region and on the key players’ revenue affected till July 2020 and expected short term and long-term impact on the market. Sleep tech device is an electronic device used to improve and monitor sleep for people with sleep narcolepsy, insomnia, and apnea. A variety of technically improved sleep tech device is available on the market, with wearable smart bands and watches, rings, headbands, sleep pads, earplugs, and beds. The market for sleep tech devices is expected to grow in the forecast period because of the ongoing trend of advanced wearable’s that could significantly upsurge global sleep tech devices market size. Ageing populations are vulnerable to rising chronic diseases like cardiovascular disease and high blood pressure. These diseases are known to reason abnormal action through metabolism, which can result in changes in patterns of breathing and rhythm. Such changes contain a major concern about disruptive sleeping habits. Elderly demographics will further upsurge demand for sleep tech devices in both developing and developed economies to tackle the disorderly sleep problem in the elderly population. However, stringent regulatory scenery for sleep tech devices in developed and developing economies may affect the industry growth in the upcoming future. Similarly, penetration of sleep technology is low in emerging and underdeveloped economies due to high costs that may hinder the industry growth. The MMR report covers the segments in the sleep tech devices market such as product and end-user. Based on end-user, the home care settings segment is expected to grow at the highest XX% CAGR during the forecast period. People are motivated to home sleep test devices as they are portable and can simply measure biological parameters that are accountable for sleep syndromes. By product, the sleep wearables segment held the largest market share of XX% in 2019 and is projected to grow at the highest CAGR of XX% to reach US$ XX Mn by 2027. Growing stress levels and other lifestyle disorders has compressed the sleep hours of individuals in developing and developed economies. Watches of wearable wrist experienced high demand thanks to the introduction of innovative technology in such devices. Philips has developed a wristwatch that has natural rate technology. The report offers a brief analysis of the major regions in the sleep tech devices market, namely, Europe, North America, Asia-Pacific, Middle East & Africa, and Latin America. North America is expected to continue to hold the largest XX% share in the sleep tech devices market. It is projected that 22 Bn people in the United States suffer from sleep apnea and 80% of cases of moderate to exciting obstructive sleep apnea are undiagnosed, as per the American Sleep Apnea Association article in 2017. Moreover, a growing geriatric population and increasing prevalence of obesity, particularly in developed and other developing economies such as Australia, US, and India, has led to an increased occurrence of disruptive sleep apnea. The research study includes the profiles of leading companies operating in the global sleep tech devices market. In 2019, Philips Company launched Night Balance device. This sleep tech device is exactly designed for patients travail from disruptive sleep apnea patients. Therefore, the launch of novel products will foster Philips Company’s growth. The objective of the report is to present a comprehensive analysis of the Global Sleep Tech Devices Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Sleep Tech Devices Market dynamics, structure by analyzing the market segments and projects the Global Sleep Tech Devices Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Sleep Tech Devices Market make the report investor’s guide.

Scope of the Global Sleep Tech Devices Market

Global Sleep Tech Devices Market, by Product • Sleep monitoring devices • Sleep wearables • Sleep trackers • Sleep gadgets • Digital application tools • Others

Global Sleep Tech Devices Market, by End-user

• Hospitals • Home care settings • Sleep laboratories • Others

Global Sleep Tech Devices Market, by Region

• Asia Pacific  India  China  Japan  South Korea  Australia  Indonesia  Malaysia  Vietnam  Rest of Asia • North America  U.S.  Canada • Europe  U.K  Germany  France  Russia  Spain  Italy  Sweden • South America  Mexico  Brazil  Rest of South America • Middle East & Africa  GCC  South Africa  Rest of MEA

Key players operating in the Global Sleep Tech Devices Market

• Eight Sleep • Philips • Dreem • Casper • Nokia • Sleepace • Xiaomi • Oura Health • Fitbit • Emfit and Neuron • Samsung • Compumedics • Sleep Shepherd • Nihon Kohden Corporation, Inc. • Inovio • Masimo Corporation • Neovasc Inc. • Nihon Kohden Corporation, Inc.
 
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akash Arjun pingale

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akash Arjun pingale
Joined: December 4th, 2020
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