Published Date: 2021-05-08
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European Sleep Tech Devices Market size is estimated to exceed USD 10 billion by 2027, according to a latest forecast report by Graphical Research.
People generally visit hospitals and clinics to seek help with many kinds of ailments, but they often overlook sleep-related problems. However, over the past few years, people have become more aware of the importance of healthy sleep and its connection with mental health. Thus, more and more people are inclining towards high-tech gadgets that help in tracking daily activity and sleep patterns.
Also, there has been an increase in sleep disorder cases in Europe over the past years and many studies have established a connection between clinically important complications and sleep disorders. Thus, increasing the patient population seeking services and medical care for sleep disorders. Moreover, the core contribution of manufacturers in advocating sleep tech devices and promoting them through healthcare givers will escalate its awareness and adoption rate over the coming years.
The non-wearable sleep tech devices market accounted for around USD 813 million revenue in 2020. These devices come equipped with advanced technologies and algorithms that accurately and precisely measure the user’s breathing patterns that helps in improving their sleep cycles. However, most of the non-wearables are expensive in nature that slow down its adoption.
Sleep aid devices are swiftly becoming popular in men and women, especially in working age-group. The female segment valued at around USD 1.5 billion in 2020. Women generally endure a lot of pressure from their surrounding and have a great deal of responsibilities. This leads to improper sleeping cycles resulting in bad quality of sleep and mental stress. Rising awareness about the availability of sleep tech devices will thus increase its adoption in females.
Browse detailed statistical insights from the report, “Europe Sleep Tech Devices Market Size By Distribution Channel (Specialty Clinics, Direct-to-Consumer, Hospitals), 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), Research Report, Country Outlook (Germany, UK, France, Italy, Spain, Russia, Netherlands, Denmark, Poland), Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 - 2027” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1785/europe-sleep-tech-devices-market
The narcolepsy segment dominated over 16% market share in 2020. Narcolepsy is a chronic sleep disorder that is responsible for excessive daytime drowsiness. Narcolepsy affected people, regardless of the circumstances, often find it difficult to stay awake for long periods. Sleep tech devices are often found helpful in people suffering from narcolepsy.
The hospital segment held more than 14% market share in 2020. Availability of primary care physicians and specialists are expected to boost the industry growth. Furthermore, advanced infrastructure and quality care provided in hospitals proves beneficial for the market expansion.
The France sleep tech devices market is anticipated to exhibit around 16.5% CAGR from 2021 to 2027. Sleep describes the optimum form of rest. It thus allows the body to heal, both mentally and physically. The prevalence of sleeping disorders such as insomnia, hypersomnia, and obstructive sleep apnea is high in France. Sleep deprivation is said to alter the body’s immunity and increases the chances of type 2 diabetes. The increasing awareness in French people regarding the importance of good sleep will propel the regional market growth.
Some of the well-known key participants operating in the Europe sleep tech devices market include Beddit, Dreem, Dodow, Eight sleep, Fitbit, Emfit, Koninklijke Philips, ResMed, Oura Health, Sleep Shepherd, Withings, Sleepace, Xiaomi, and others.
These companies have undertaken numerous strategies including acquisitions and new product launches that have helped them to grow as major market players. For instance, in April 2020, Withings announced the launch of its new sleep tracking mat that can be used to detect sleep apnea. This new mat is equipped with advanced sensors to analyze sleep cycles and snoring.
European sleep tech devices market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027, for the following segments:
Europe Market, By Product
Europe Market, By Gender
Europe Market, By Application
Europe Market, By Distribution Channel
The above information has been provided for the following countries:
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