Report ID : 10000067 |
Published Date : 21 Oct 2022 |
Report Format : PDF,PPT |
Delivery Timeline :48-72 Business Hours
Global smart sleep tracking device market reached more than USD 1 Billion in 2016 and is expected to reach more than USD 4 Billion by the end of 2024, expanding at a CAGR of 18% over the forecast period i.e. 2017-2024. Moreover, the growth of smart sleep tracking device market is attributed to the increased awareness among
people to get their sleep patterns checked and rising sleep disorders such as sleep apnea. North America is slated to account for a leading share of 54% in the terms of Size by 2024 in the smart sleep tracking device market. The growth in the region is anticipated to be fostered by the increasing awareness about the harmful effects of sleeping disorder. Besides, rising disposable income coupled with availability of innovative smart sleep tracking device in the market is also expected to impel the growth of smart sleep tracking device market in the North America. U.S. and Canada is the prominent market in the region.
Global smart sleep tracking device market is segmented on the basis of product type into wearable devices and non-wearable devices. Wearable devices segment (74% share in 2016) occupies the largest market of smart sleep tracking device across the globe. Further, global wearable smart sleep tracking device market is anticipated to reach more than USD 3 Billion by the end of 2024 from USD 800 Million in 2016.
