Sleep Tracking Devices

Global Sleep Tracking Devices Market to Reach US$51.7 Billion by 2030

The global market for Sleep Tracking Devices estimated at US$28.8 Billion in the year 2024, is expected to reach US$51.7 Billion by 2030, growing at a CAGR of 10.2% over the analysis period 2024-2030. Hardware, one of the segments analyzed in the report, is expected to record a 8.6% CAGR and reach US$30.0 Billion by the end of the analysis period. Growth in the Software & Solutions segment is estimated at 12.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$7.9 Billion While China is Forecast to Grow at 13.7% CAGR

The Sleep Tracking Devices market in the U.S. is estimated at US$7.9 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.5 Billion by the year 2030 trailing a CAGR of 13.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 7.5% and 8.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.0% CAGR.

Global Sleep Tracking Devices Market – Key Trends & Drivers Summarized

Why Are Sleep Tracking Devices Becoming Essential? Examining Their Role in Health and Wellness

The global sleep tracking devices market has witnessed remarkable growth as sleep health becomes a priority for consumers seeking to improve overall well-being. With increasing awareness of the link between sleep quality and physical health, mental well-being, and cognitive function, sleep tracking technologies have emerged as valuable tools for monitoring and optimizing sleep patterns. These devices, ranging from wearable smartwatches and rings to non-wearable bedside monitors and smart mattresses, provide real-time insights into sleep duration, sleep stages, heart rate variability, and respiratory patterns. The rise of sleep disorders such as insomnia and sleep apnea, coupled with growing concerns over stress-related sleep disruptions, has fueled demand for accurate and accessible sleep tracking solutions. As the intersection of digital health and consumer electronics expands, sleep tracking devices are becoming a key component of personal health management.

How Are Technological Advancements Transforming Sleep Tracking Devices? Exploring Innovations in AI, Sensors, and Smart Integration

Technological advancements in biosensors, artificial intelligence (AI), and IoT connectivity have significantly improved the accuracy and functionality of sleep tracking devices. The integration of AI-driven analytics allows devices to provide personalized sleep insights, offering users actionable recommendations for optimizing rest. Additionally, innovations in non-contact monitoring, such as radar-based sensors and smart beds, have enhanced convenience by eliminating the need for wearable devices while ensuring accurate sleep data collection. The expansion of smartwatch and fitness tracker capabilities has also contributed to market growth, as major brands like Apple, Fitbit, and Garmin continue to refine sleep tracking algorithms. Furthermore, smart home integration has enabled seamless connectivity between sleep tracking devices and other wellness systems, such as smart lighting and temperature control, creating a more holistic sleep-enhancing environment.

What Challenges Are Hindering the Adoption of Sleep Tracking Devices? Addressing Accuracy Concerns and Privacy Issues

Despite growing adoption, sleep tracking devices face challenges related to data accuracy, consumer skepticism, and privacy concerns. While advancements in wearable sensors have improved tracking precision, many devices still struggle to differentiate between wakefulness and light sleep accurately. Additionally, discrepancies between different sleep-tracking methodologies have raised concerns about data reliability, particularly in medical applications. The increasing volume of personal health data collected by these devices has also led to privacy and security concerns, prompting discussions around data encryption and user consent. Furthermore, the cost of high-end sleep tracking devices remains a barrier for some consumers, limiting accessibility to advanced sleep monitoring features. Overcoming these challenges requires continuous refinement of sensor technology, enhanced regulatory oversight, and transparent data protection policies to ensure consumer trust.

What’s Driving the Growth of the Sleep Tracking Devices Market? Identifying Key Consumer Preferences and Industry Developments

The growth in the sleep tracking devices market is driven by several factors, including increasing consumer interest in sleep health, the expansion of digital wellness solutions, and the growing adoption of wearable technology. The rising prevalence of sleep disorders has encouraged more individuals to seek data-driven approaches to improving sleep quality, fueling demand for advanced monitoring solutions. Additionally, the integration of sleep tracking features in mainstream smartwatches and fitness wearables has made these tools more accessible to a broader audience. The expansion of remote health monitoring and telemedicine has also reinforced the importance of sleep data in personalized healthcare, encouraging further innovation in sleep tracking technology. With ongoing advancements in AI-driven sleep coaching and non-invasive monitoring solutions, the sleep tracking devices market is expected to witness sustained growth, shaping the future of sleep health optimization.

SCOPE OF STUDY:

The report analyzes the Sleep Tracking Devices market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Component (Hardware, Software & Solutions); Operating System (Android, IOS)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 33 Featured) -

• Amazon.com, Inc.
• Apple Inc.
• Balluga Limited
• BEDJET LLC
• Dreem
• Eight Sleep Inc.
• Emfit Ltd.
• Fisher & Paykel Healthcare
• Fitbit, Inc.
• Fossil Group, Inc.
• Garmin Ltd.
• Huami Corporation
• Huawei Device Co., Ltd.
• Koninklijke Philips N.V.
• Muse (Interaxon Inc.)
• Neuroon (Inteliclinic Inc.)
• Oura Health Oy.
• ResMed Inc.
• ReST (Responsive Surface Technology)
• Samsung Electronics Co., Ltd.
• Sleep Number Corporation
• Sleep Shepherd
• Sleepace
• SleepScore Labs
• Smart Nora
• VitalThings
• Withings
• Xiaomi Corporation
• ZEEQ (REM-Fit)
• ZOLL Itamar

AI INTEGRATIONS
We`re transforming market and competitive intelligence with validated expert content and AI tools.

Instead of following the general norm of querying LLMs and Industry-specific SLMs, we built repositories of content curated from domain experts worldwide including video transcripts, blogs, search engines research, and massive amounts of enterprise, product/service, and market data.

TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by increasing the Cost of Goods Sold (COGS), reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.