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North American Sleep Tech Devices Market revenue to hit $17 Bn by 2027

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North American Sleep Tech Devices Market size is projected to cross USD 17 billion By 2027, according to a latest forecast report by Graphical Research.

The way a person feels while they are awake depends in part on what happens while they are sleeping. Steady sleep is fundamental to good health and has numerous health benefits including improved athletic performance, increased productivity and concentration, while decreasing the risk of cardiovascular diseases and strokes.

Nowadays, many individuals tend to experience poor sleep quality that results in several health problems. Therefore, companies are directing their R&D resources to develop advanced sleep-aid technologies for secured patient care. These devices come with advanced sensors and are extensively used for enhancing and monitoring sleep specifically for individuals suffering from sleep apnea, narcolepsy, and insomnia. These sleep tech devices are available in various forms including rings, head belts, smartwatches, sleep pads, etc. The sleep tech device industry is progressing swiftly to bring accurate and compact solutions to the table to deliver quality sleep.  

The non-wearable sleep tech devices are expected to garner around 25% market share in 2020. Non-wearable devices such as mattress, sleep pads/mats, beds and glow lights are integrated with advanced technology that has increased its overall preferences. Additionally, non-wearable devices also track snoring that will further fuel the market growth.

The female segment dominated around 44% market share in 2020. Increase in the number of pregnancies, globally, has positively impacted the market growth. Pregnant women generally suffer from insomnia that increases the preference for sleep enhancing devices, fostering the industry growth.

Browse detailed statistical insights from the report, “North America Sleep Tech Devices Market Size By Application (Insomnia, Obstructive Sleep Apnea, Narcolepsy), 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 Distribution Channel (Specialty Clinics, Direct-to-Consumer, Hospitals), Research Report, Country Outlook (U.S., Canada), Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 - 2027” along with the table of contents (ToC) @

https://www.graphicalresearch.com/industry-insights/1787/north-america-sleep-tech-devices-market

The obstructive sleep apnea segment accounted for 24% market share in 2020. Obstructive sleep apnea creates hindrance in regular breathing patterns that may lead to various diseases such as hypertension, stroke, depression, and cardiac arrhythmia.

The specialty clinics segment is anticipated to exhibit a high growth rate of 18% till 2027. The patient visits have increased in specialty clinics over the past few years, owing to availability of high-quality care at an affordable rate. Also, companies tie-up with such clinics to promote their sleep tech devices.  

The Canada sleep tech devices market is estimated to witness over 21% CAGR from 2021 to 2027. Existence of refined healthcare facilities in clinics and hospitals have improved diagnosis of sleep disorders that will prove beneficial for the country growth. The Canada elderly population base is rising rapidly over the last decade and the trend is anticipated to continue over the years. Increasing geriatric population base will further surge the market demand.

Some of the key players operating in the North America sleep tech devices market include Beddit, Casper Sleep, Dodow, Dreem, Eight sleep, Emfit, Fitbit, Koninklijke Philips, Oura Health, ResMed, Sleep Shepherd, Sleepace, Withings, Xiaomi, and others. These companies have undertaken numerous strategies including new product launches and acquisitions that have helped them to grow as major market players. For instance, in January 2021, Google completed the long pending acquisition of Fitbit. This strategic move will help Fitbit Inc. to make their products accessible to a larger customer base by using Google’s platform and resources.

The North American 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:

North America Market, By Product

  • Wearables
    • Smart watches and bands
    • Others
  • Non-wearables
    • Sleep monitors
    • Beds
    • Others

North America Market, By Gender

  • Male
    • <18
    • 18-36
    • 37-55
    • >55
  • Female
    • <18
    • 18-36
    • 37-55
    • >55

North America Market, By Application

  • Insomnia
  • Obstructive sleep apnea
  • Narcolepsy
  • Others

North America Market, By Distribution Channel

  • Specialty clinics
  • Direct-to-Consumer
  • Hospital
  • Others

The above information has been provided for the following countries:

  • North America
    • U.S.
    • Canada