Sleep Tech Devices Market Share

North America Market Forecasts

The sleep tech devices market in North America is predicted to hold the largest share of 33% during the time period between 2023 – 2037. Major product launches, high concentration of market players or manufacturers, and high prevalence of sleep disorders in the United States are some of the factors fuelling the growth of the sleep technology devices market in the country. For example, according to a May 2022 published report, Camden, Boulder, Colorado has the lowest percentage of adults in the United States who sleep less than seven hours, about 24.2%. The highest numbers were in New Jersey, Detroit, and Michigan, where 49.8% of adults in those cities reported short sleep.

APAC Market Statistics

The Asia Pacific sleep tech devices market is set to hold a substantial market share by the end of 2037. The growth of the market can be attributed majorly to the rising cases of depression and anxiety in the region. There are around 38 million people in India who have an anxiety disorder, and nearly 56 million who suffer from depression. In addition to this, by 2022, there were around 60 million cases of depression in India, with a prevalence rate of approximately 5%. In addition to this, according to the World Health Organization, in China, around 54 million people are living with depression, additionally, nearly 41 million are suffering from anxiety disorders.