Sleep Tech Devices Market Trends

Growth Drivers

Rising Advancements in Sleep Devices - More innovations in sleep tech are likely to create huge opportunities for the market's growth. For instance, Kryo Inc. a sub company collaborated with Major League Baseball's Cincinnati Reds and Seattle Mariners. The company provided the teams with an advanced sleep technology, the OOLER sleep system. It is a technology that regulates the body temperature to initiate a deep sleep in a person.
Rising Population of Old Adults - With increasing age the levels of melatonin decrease, which leads to fragmented sleep cycles. According to the World Health Organization, one in six individuals on the planet will be 60 or older by 2030. By this point, there are likely to be 1.4 billion people over the age of 60, up from 1 billion in 2020. The number of individuals in the globe who are 60 or older is further expected to double by 2050.
Increasing Levels of Noise Pollution - Noise pollution is a developing issue that can cause insomnia, sleep disruption, and chronic health concerns. About 35 million people who reside in the Tokyo metropolitan region struggle with noise pollution every day. In some places, decibel levels might reach 90. Furthermore, whereas noise levels often can reach 85 dB or greater, Shanghai traffic also contributes significantly to noise pollution.

Challenges

Technology Increases Paranoia and Overthinking – The brain is impacted by technology, which stimulates the mind and makes it difficult to go to sleep. Sleeping close to technology might result in unwelcome awakenings from sounds and blinking lights. Moreover, the amount of time we spend sleeping is typically shorter when we are using electronics. In addition, large-scale random controlled trials are still needed to confirm claims that sleep monitoring wearables can help with sleep disorders especially when it comes to serious conditions such as insomnia and hypertension.
High Cost of Smart Sleeping Services

Regulatory Framework for Manufacturing is Strict

Sleep Tech Devices Market: Key Insights

Base Year	2024
Forecast Year	2025-2037
CAGR	17.3%
Base Year Market Size (2024)	USD 24.68 billion
Forecast Year Market Size (2037)	USD 196.44 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of sleep tech devices is estimated at USD 28.1 billion.

The 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. The growing prevalence of sleep disorders and the increasing geriatric population will drive the market growth.

North America industry is expected to dominate majority revenue share of 33% by 2037, backed by major product launches, high concentration of manufacturers, and high prevalence of sleep disorders in the region.

The major players in the market include Huawei Consumer Business Group, Samsung Electronics, Fossil Group, Inc., Xiamoi Inc., Masimo, Fitbit Inc., Apple, Inc., Nihon Kohden Corporation, Compumedics Limited, Garmin Ltd.

Sleep Tech Devices Market Trends