Sleep Tracking Devices Market: Global Industry Analysis and Forecast (2024-2030), By Type of Device, Technology, End-User, and Region

Sleep Tracking Devices Market Overview:

Sleep technology refers to devices and tools designed to monitor and assess various aspects of sleep, including sleep quantity (how long sleep), sleep quality (how restful sleep is), and sleep timing (when sleep). These technologies help individuals track their sleep patterns and provide insights into their sleep health. Sleep disorders, on the other hand, are conditions that disrupt the ability to achieve regular, restful sleep. They can lead to persistent tiredness and adverse effects on overall health and well-being. Examples of sleep disorders include insomnia, sleep apnea, restless legs syndrome, and narcolepsy, among others. Managing these conditions often requires medical intervention and continuous monitoring which drives the sleep tracking devices market.

 

The increasing awareness of the importance of sleep for overall health and the rising prevalence of sleep disorders, such as obstructive sleep apnea (OSA), are major contributors to this trend. With approximately 25% of men and 10% of women in the United States affected by OSA, there is a growing need for accessible and reliable tools to detect and manage sleep disorders. Consumers are demanding personalized health insights, which has led to the popularity of user-friendly wearable devices like Samsung’s Galaxy Watch and Masimo W1 Sport. These devices offer detailed sleep tracking and analysis, enabling users to make informed health decisions from the comfort of their homes.

 

This trend towards personalized health management is a boosting factor of the Sleep Tracking Devices Market growth. The increasing prevalence of sleep disorders and the continuous development of products to monitor and treat these conditions. New methods for recording sleep and diagnosing sleep disorders are emerging and emphasized on the need for cost-efficient technologies for initial diagnosis and ongoing monitoring. Sensors play a critical role in these technologies, whether in clinical settings or at home, particularly in the treatment of sleep apnea.

 

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Sleep Tracking Devices Market Dynamics:

The Impact of High Sleep Disorder Prevalence on the Sleep Tracking Devices Market Growth

The ability to integrate seamlessly with existing data analysis software further reduces the technical burden on researchers, allowing for smoother workflows. Additionally, the option to configure and control devices remotely enhances the efficiency of longitudinal studies, especially on large-scale for different sleeping patterns. The reliable devices backed by strong technical support minimizes the risk of data loss and studies run smoothly, making them indispensable tools in sleep research and monitoring. A significant driving factor in the Sleep Tracking Devices market is the surge in consumer use of sleep devices and apps, fueled by online advertising and social media.

 

As more consumers adopt these technologies, they bring data collected at home to their healthcare providers, expecting them to be familiar with the latest sleep technology trends. This trend is particularly relevant given that an estimated 70 million people worldwide suffer from sleep disorders, which contribute to various physical and mental health issues. The growing reliance on sleep-tracking technology highlights the demand for innovative solutions that help in the treatment of widespread conditions.

 

A key driving factor in the Sleep Tracking Devices market is the high prevalence of sleep disorders and their impact on health. In the U.S., approximately 39 million adults suffer from obstructive sleep apnea (OSA), with an estimated 936 million adults worldwide experiencing mild to severe forms of the condition. Snoring, a common symptom in up to 94% of patients, is a sign of sleep apnea, which, if left untreated, can lead to serious health complications, including heart, kidney, and metabolic issues.

 

With around 33 million U.S. adults using CPAP machines, the clear demand for effective sleep apnea treatments that improve quality of life and help regulate blood pressure. Additionally, more than a third of Americans report getting less than seven hours of sleep per night, and about 30% of adults experience insomnia, with 10% having symptoms severe enough to impact daily activities. Sleep apnea affects 9%–38% of the general population, highlighting the widespread need for monitoring solutions.

The increasing use of smartphones before bedtime—associated with poor sleep quality, longer sleep latency, difficulty maintaining sleep, and shorter sleep duration—further drives the demand for sleep-tracking devices. With the average global internet user spending 6 hours and 35 minutes online daily and the global internet user base growing by 3.4% over the past year, the association between electronic device use and sleep quality underscores the need for effective sleep monitoring tools. This growing awareness and need for better sleep management solutions are significant factors propelling the sleep-tracking devices market.

Targeted Sleep Solutions Monitoring and Managing Snoring and Sleep Apnea with Advanced Devices Boost the Sleep Tracking Devices Market Growth

The clear trend toward integrating sleep tracking technology with other sleep-enhancing products, such as white noise machines, light therapy alarm clocks, and smart mattresses. For example, the Amazon Portable White Noise Machine and the Philips Wake-Up Light Therapy Alarm Clock cater to consumers seeking more comprehensive sleep solutions that combine sound, light, and sleep tracking in one device. This presents an opportunity for sleep-tracking device market manufacturers to develop or partner with companies that offer multi-functional products, creating an all-in-one sleep experience for users.

 

Additionally, there is potential to enhance the utility of sleep-tracking devices by incorporating environmental control features. Products like the Eight Sleep "Pod" Mattress, which regulates temperature based on the user's sleep patterns, highlight the growing consumer demand for personalized sleep environments. Sleep tracking devices could expand their functionality by including features that adjust room temperature, humidity, or lighting in response to sleep data, thereby offering a more holistic approach to improving sleep quality.

 

The opportunity to target specific sleep-related issues, such as snoring or sleep apnea, with more specialised devices. The Smart Nora pillow insert and the SomnoDent Herbst Advance oral appliance, designed to address snoring and obstructive sleep apnea, demonstrate the demand for products that cater to specific sleep disorders. Sleep tracking devices evolve to monitor sleep and offer targeted interventions or recommendations for managing these conditions, thereby providing more value to consumers who struggle with specific sleep issues boost the sleep tracking devices market.

 

Sleep Tracking Devices Market Segmentation

Based on the Type of Device, the market is divided into Wearable Devices and Non-Wearable Devices. Wearable Devices witnessed highest the Sleep Tracking Devices Market share in 2023.

 

Smartwatches have become highly sophisticated tools for sleep tracking. They provide comprehensive data on sleep duration, quality, and stages by using built-in sensors to monitor heart rate, movement, and even blood oxygen levels. Leading models from companies like Apple and Garmin offer advanced features such as sleep insights and recommendations, integrating seamlessly with health apps to offer users a holistic view of their sleep health.

 

Fitness Bands, although traditionally focused on activity tracking, have also integrated sleep monitoring capabilities. Brands like Fitbit and Xiaomi have enhanced their bands to track sleep stages, detect disturbances, and provide insights into overall sleep patterns. These bands are valued for their affordability and ease of use, making them accessible to a broad audience.

 

Rings are an emerging trend in the sleep tracking landscape. Devices like the Oura Ring offer a sleek, non-intrusive way to monitor sleep. They measure various metrics such as heart rate variability, body temperature, and sleep stages, delivering detailed insights into sleep quality and recovery through a compact and stylish form factor.

 

Clip-ons for sleep tracking are designed to be attached to the bed or worn on the body. They provide a non-invasive method of monitoring sleep patterns and are useful for users who prefer not to wear devices while sleeping. Products like the Emfit QS use contactless sensors to track sleep without direct skin contact, offering convenience and comfort.

 

Sleep Tracking Devices Market Regional Insight:

North America witnessed the highest market share in 2023 and continued its dominance

In the United States, an estimated 50 to 70 million Americans suffer from sleep disorders, underscoring a major public health issue. With about one-third of adults failing to get the recommended amount of uninterrupted sleep, the repercussions on physical and mental well-being are significant. Chronic sleep deprivation is associated with a range of health problems, including cardiovascular disease, diabetes, obesity, and impaired cognitive function. This widespread issue highlights the critical need for effective solutions and increased public awareness.

 

The Sleep Tracking Devices market plays a crucial role in addressing these concerns. Advanced sleep tracking technologies help individuals monitor their sleep patterns, providing valuable insights into sleep quality and duration. These devices enable users to identify sleep disturbances and make informed decisions about improving their sleep hygiene and overall health. By integrating features such as detailed sleep analysis and personalized recommendations, sleep tracking devices support better sleep management and can potentially mitigate the impact of sleep disorders. As the demand for effective sleep solutions grows, the development and adoption of sleep tracking devices become increasingly important in enhancing sleep quality and overall health, offering a proactive approach to managing and treating sleep-related issues.3 adults do not regularly get the

 

Recent Development

• On February 10, 2024, Samsung Electronics received De Novo authorization from the U.S. FDA for its sleep apnea feature on the Samsung Health Monitor app, making it the first kind to be FDA-approved. This feature, available on compatible Samsung Galaxy Watches and phones, allows users aged 22 and older who haven't been diagnosed with sleep apnea to detect signs of moderate to severe obstructive sleep apnea (OSA) over a two-night monitoring period. OSA, a chronic condition that often goes undiagnosed, can disrupt oxygen supply and lead to serious health issues such as cardiovascular disease. The app’s new feature aims to help more people identify potential OSA early, enabling them to seek timely medical care. Samsung underscores the importance of sleep for overall well-being, focusing on understanding sleep patterns, building healthy habits, and creating sleep-friendly environments to improve users' health.

 

• On March 27, 2024, Beacon Biosignals declared it received FDA 510(k) clearance for its AI/machine learning software, SleepStage ML, designed to analyze polysomnography (PSG) recordings and automatically score sleep stages. SleepStage ML utilized an advanced deep-learning model, trained on a vast dataset comprising hundreds of thousands of hours of PSG recordings from both healthy individuals and patients with sleep, neurological, and psychiatric disorders. This software automates the traditionally manual sleep staging process, reducing subjective variability and expediting PSG analysis. SleepStage ML is the first medical device in the sleep domain to receive FDA clearance with a Predetermined Change Control Plan (PCCP), allowing Beacon Biosignals to safely and efficiently update and improve the machine learning algorithm as new data becomes available, while remaining compliant with the original 510(k) clearance. This innovation is set to enhance the accuracy and efficiency of sleep disorder diagnostics.

 

• On July 01, 2024, Masimo declared a significant enhancement to its Masimo W1 Sport wearable the introduction of Sleep Halo™, a scientifically based sleep analysis feature. Sleep Halo provided comprehensive overnight sleep tracking, capturing over 70,000 continuous health data measurements per day, including sleep stages, periods of rest and wakefulness, and episodes of oxygen desaturation. The data, analyzed using Masimo’s pulse oximetry and machine learning, was summarized into a Sleep Halo score, available through the Masimo Health smartphone app. It benchmarked against EEG data to ensure reliable sleep stage analysis. This technology was set to be integrated into future Masimo wearables, including the upcoming Masimo Freedom™ Watch and Band. Existing Masimo W1 Sport users could update their devices to access this feature, allowing for sophisticated sleep analysis from the comfort of their homes.

 

Sleep Tracking Devices Market Scope
Market Size in 2023	USD 26.72 Billion
Market Size in 2030	USD 57.97 Billion
CAGR (2024-2030)	11.7%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segments	By Type of Device Wearable Devices:               Smartwatches               Fitness Bands               Rings               Clip-ons Non-Wearable Devices:               Under-Mattress Sensors               Bedside Monitors               Smart Mattresses               Pillow-based Trackers
	By Technology Actigraphy-Based Trackers Polysomnography (PSG) Trackers Heart Rate Variability (HRV) Trackers Oximetry-Based Trackers Electroencephalography (EEG) Trackers
	By End-User Individuals/Consumers Healthcare Providers Research Institutions
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Russia, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Sleep Tracking Devices Market Key Players:

1. Fitbit (Google LLC) - (Mountain View, California, USA)
2. Apple Inc. - (Cupertino, California, USA)
3. Garmin Ltd. - (Olathe, Kansas, USA)
4. Samsung Electronics Co., Ltd. - (Suwon, South Korea)
5. Withings S.A. - (Paris, France)
6. Huawei Technologies Co., Ltd. - (Shenzhen, China)
7. Polar Electro - (Kempele, Finland)
8. Xiaomi Corporation - (Beijing, China)
9. Whoop Inc. - (Boston, Massachusetts, USA)
10. Oura Health Ltd. - (Helsinki, Finland)
11. Sleep Number Corporation - (Minneapolis, Minnesota, USA)
12. ResMed Inc. - (San Diego, California, USA)
13. Philips Healthcare - (Amsterdam, Netherlands)
14. Masimo Corporation - (Irvine, California, USA)
15. Emfit Ltd. - (Oulu, Finland)
16. AURA Health - (San Francisco, California, USA)
17. Neuroon - (Warsaw, Poland)
18. Beddit (Apple Inc.) - (Cupertino, California, USA)
19. Somnox - (Delft, Netherlands)
20. Dreem - (Paris, France)