Sleep Tech Devices Market Size

Sleep Tech Devices Market size was valued at USD 24.68 billion in 2024 and is likely to cross USD 196.44 billion by 2037, expanding at more than 17.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of sleep tech devices is estimated at USD 28.1 billion.

The growth of the market can be attributed to the increasing use of sleep-tracking technology. In the United States, around 15% of adults reported using sleep-related applications such as sleep cycle and sleep time. Moreover, in China and India, roughly a quarter of those who responded to an online survey indicated they had used sleep-tracking apps in the 12 months before the study.

In addition to these, factors that are believed to fuel the market growth of sleep tech devices include the rise in the instances of various sleep disorders among people. In the United States, between 125,000 and 200,000 people have narcolepsy. According to some estimates, the condition affects around 44-50 per 100,000 Americans. A long-term neurological condition called narcolepsy interferes with the brain's capacity to regulate sleep-wake cycles. Narcoleptics may feel rested when they first wake up and then experience extreme sleepiness for the majority of the day.