Sleep Tech Devices Market Size By Product (Wearables {Smart Watches and Bands}, Non-wearables {Sleep Monitors, Beds}), By Gender (Male {<18, 18-36, 37-55, >55}, Female {<18, 18-36, 37-55, >55}), By Application (Insomnia, Obstructive Sleep Apnea, Narcoleps

Sleep Tech Devices Market Size By Product (Wearables {Smart Watches and Bands}, Non-wearables {Sleep Monitors, Beds}), By Gender (Male {<18, 18-36, 37-55, >55}, Female {<18, 18-36, 37-55, >55}), By Application (Insomnia, Obstructive Sleep Apnea, Narcolepsy), By Distribution Channel (Specialty Clinics, Direct-to-consumer, Hospitals), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026

Global sleep tech devices market is slated to experience notable expansion over the next few years. With busier and inactive lifestyles, the occurrence of several sleep related disorders has increased worldwide. Ongoing technological advances in the field and an increasing awareness regarding the numerous advantages of sleep gadgets among consumers will certainly bolster the industry outlook.



On the basis of product, sleep tech devices industry is segmented into wearables and non-wearables. The non-wearables segment accounted for a market share of more than 23% in 2019 and is anticipated to witness a significant adoption by 2026, driven by a wide range of advantages offered by these gadgets.

Non-wearable sleep tech devices have been experiencing a significant adoption in recent years. These devices include standalone devices that sit beside the bed, mattress toppers, and sleep tracking mats that are used under the mattress. These devices constantly monitor the quality and quantity of sleep along with other parameters including heart rate and pulse.

Wearable devices generally do not monitor and report other parameters that determine sleep quality such as light intensity and room temperature. Non-wearable on the other hand can provide additional data about the sleeping environment. The more data users can gather, the better adjustments they can make to work towards improving the sleeping environment and sleep quality.

Considering the gender, sleep tech devices market size from male segment surpassed US$6.4 billion in 2019 and is likely to grow substantially by 2026. Due to changing lifestyles and sedentary work practices, the prevalence of several sleeping disorders among men has surged rapidly over the past few years.

Good quality sleep is critical to maintaining good health. Sleep disorders and other conditions related with poor sleep can often lead to eye conditions, heart disease, cancer, poor mood, and other problems. Consequently, many men are focusing on prioritizing their sleep schedule which may boost the adoption of sleep tech devices among men.

The different applications of sleep gadgets include insomnia, narcolepsy, obstructive sleep apnea, and others. Sleep tech devices industry share from insomnia application segment is projected to record a robust CAGR of more than 15.6% through 2026. This can be attributed to an exponential rise in the number of people suffering from insomnia.

Based on the distribution channel, the market is segmented into hospitals, specialty clinics, direct-to-customer, and others. Hospitals captured more than 14% revenue share of sleep tech devices market in 2019 and will continue to serve as a major distribution channel by 2026. Consumers generally prefer hospitals for acquiring sleep gadgets due to the availability of advanced treatment facilities and equipment.

In terms of the regional outlook, LATAM is anticipated to come up as a vital avenue for the global sleep tech devices market. As per estimates, Latin America sleep tech devices industry was valued at US$916 million in 2019 and is estimated to record substantial gains by 2026. This can be mainly linked with the increasing occurrence of various sleeping disorders in the region.