Global Wearable Sleep Trackers Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Wearable Sleep Trackers Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Product Type (Wrist Bands, Head Bands, and Others), Application (Insomnia, Sleep Apnea, and Others), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Wearable Sleep Trackers Market was valued at USD 2,724.2 million in 2023 and is expected to reach USD 5,079.8 million by 2031 while growing at a CAGR of 8.1% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global wearable sleep trackers market growth. Wearable sleep trackers, such as wristbands, armbands, smartwatches, headbands, rings, and sensor clips, constitute a segment within the broader category of consumer sleep technology (CST). CST encompasses various devices like smartphones, in-bed sensors, and contactless sensors, alongside other technologies aimed at enhancing sleep quality and promoting better sleep habits. These may include neurostimulators, biofeedback devices, and brainwave entrainment systems.
The market is propelled by factors such as increasing health awareness, lifestyle changes, and a rise in sleep disorders. However, challenges related to accuracy and reliability concerns, as well as comfort and wearability issues, impede its growth.
Furthermore, the global wearable sleep trackers industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Product Type Analysis
The Global Wearable Sleep Trackers Market is segmented among Wrist Bands, Head Bands, and Others, based on Product Type. In 2023, Wrist Bands accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Application Analysis
The Global Wearable Sleep Trackers Market is segmented among Insomnia, Sleep Apnea, and Others, based on Type. In 2023, Insomnia accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Wearable Sleep Trackers Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Koninklijke Philips N.V, Huami Corporation, Fitbit, Inc., Huawei Device Co., Ltd., Sleepace., Emfit Ltd, Fossil Group. Inc, Withings, Boult Audio, and StimScience
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Wearable Sleep Trackers Market Dynamics
Drivers
Restraints
Opportunity
4. Global Wearable Sleep Trackers Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Wearable Sleep Trackers Market Segmentation, By Product Type
Global Wearable Sleep Trackers Market Share Analysis, By Product Type
Global Wearable Sleep Trackers Market Growth Analysis, By Product Type
Global Wearable Sleep Trackers Market Trends, By Product Type
o Wrist Bands
o Head Bands
o Others
6. Global Wearable Sleep Trackers Market Segmentation, By Application
Global Wearable Sleep Trackers Market Share Analysis, By Application
Global Wearable Sleep Trackers Market Growth Analysis, By Application
Global Wearable Sleep Trackers Market Trends, By Application
o Insomnia
o Sleep Apnea
o Others
7. Global Wearable Sleep Trackers Market Segmentation, By Region
Global Wearable Sleep Trackers Market Share Analysis, By Region
Global Wearable Sleep Trackers Market Growth Analysis, By Region
Global Wearable Sleep Trackers Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
8. Competitive Landscape
Koninklijke Philips N.V*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Huami Corporation
Fitbit, Inc.
Huawei Device Co., Ltd.
Sleepace.
Emfit Ltd
Fossil Group. Inc
Withings
Boult Audio
StimScience
*Similar analysis will be provided for each company listed above.
