Smart sleep tracking device is referred to a device
which tracks the sleep of a person. The sleep tracker device takes the sleep
data and gives a detailed analysis of the person’s sleep. It also tracks the
heart rate, breathing and snoring, time asleep, bedroom humidity and
temperature. Smart sleep device is integrated with various features such as it
wakes the person up by the alarm when the sleep is light sleep and the device
also automatically senses when you go to bed and try to sleep.
Market Size and Forecast
The global smart sleep tracking device market is
expected to grow at a robust growth over the forecast period i.e. 2017-2024. Smart sleep tracking device market is driven by various factors such as growing
awareness of sleep as a health concern and rising personal disposable income.
Further, the market of wearable devices by product type is expected to register
a highest market share in overall smart sleep tracking device market by the end
2024. The growth of wearable smart sleep device market is attributed to the
rising adoption of technologically advanced devices on the back of escalating
sleep disorders.
On the basis of geography, the most prominent
regional markets include North America and Europe, which together constituted
around 65% market share. North America region is expected to dominate the
market during the forecast period aided by the U.S. Further, wide use of these
compact devices in the treatment of sleep apnea and rapid urbanization are
believed to flourish the growth of smart sleep tracking device market in the
region. Moreover, presence of major key players in North America region is also
predicted to bolster the growth of smart sleep tracking device market over the
forecast period.
Europe region holds the second largest market of
smart sleep tracking device in terms of revenue in 2016. Further, the major
countries witnessing the augmented demand for smart sleep tracking devices are
France, U.K. and others countries. Additionally, increased connectivity and a
greater demand for healthcare devices are envisioned to foster the growth of
smart sleep tracking device market in the Europe region. Asia-Pacific region is
also projected to show a tremendous growth over the forecast period i.e.
2017-2024. The growth in this region is credited to the rise of middle class
and rising purchasing power of the population. Furthermore, Japan and China are
the leading countries for smart sleep trackers in this region.
Market
Segmentation
Our in-depth analysis segmented the global smart
sleep tracking device market in the following segments:
By
Product Type
Wearable devices
Non-Wearable devices
By
Technology
Sensors
Electroactive polymers
Others
By
Distribution Channel
Online store
Offline store
Growth
Drivers and Challenges
Factors such as increased awareness among people to
get their sleep patterns checked and rising sleep disorders such as sleep
apnea, insomnia and others are anticipated to be the dynamic factors behind the
rapid growth of smart sleep tracking device market across the globe. Further,
technological advancements have made these devices compact, comfortable, and
easy to use. This factor is expected to propel the growth of smart sleep tracking device market.
Moreover, smart sleep tracking device market is
driven by various factors such as rising adoption of personalized healthcare
devices, explosion of interest in gadgets and rising disposable income of
the population. In addition to this, increasing concerns over sleep-related
issues such as accidents caused by sleep derivative, obesity and others are
also envisioned to fuel the demand for smart sleep tracking devices.
However, high cost of smart sleep tracking devices
is expected to hinder the growth of smart sleep tracking devices market.
Further, less adoption of smart gadgets by developing and underdeveloped
nations is also believed to dampen the growth of smart sleep tracking devices
market.
This
report also provides the existing competitive scenario of some of the key
players of the global smart sleep tracking device market which includes company
profiling of Apple Inc., Samsung Group, Philips Healthcare,
Nokia Corporation, Fitbit, Inc., Emfit Ltd., Garmin Ltd., ResMed and Sleepace.
The profiling enfolds key information of the companies which encompasses
business overview, products and services, key financials and recent news and
developments. On the whole, the report depicts detailed overview of the global smart
sleep tracking device market that will help industry consultants, equipment
manufacturers, existing players searching for expansion opportunities, new
players searching possibilities and other stakeholders to align their market
centric strategies according to the ongoing and expected trends in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased, unparalleled
market insights and industry analysis to help industries, conglomerates and
executives to take wise decisions for their future marketing strategy,
expansion and investment etc. We believe every business can expand to its new
horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
Read more Information: https://www.researchnester.com/reports/smart-sleep-tracking-device-market-global-demand-analysis-opportunity-outlook-2024/373
Contact for more
Info:
Ajay
Daniel
U.S.
+1 646 586 9123
U.K.
+44 203 608 5919
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