![]() Insomnia is a sleep disorder that causes excessive trouble in falling asleep or staying asleep through the night. For instance, according to sleep foundation data, females have a lifetime risk of insomnia that is as much as 40% higher than that of men. Lifestyle changes has increased the incidences of insomnia in females. ![]() Out of these two, the female segment accounted for around USD 6.2 billion market size in 2021. Increasing incidence of sleep disorders will fuel the demand for wearablesīy gender, female segment is further segmented based on age group into 55. For instance, FitSleep α1 from a Chinese firm FitSleep uses alpha waves for better sleep. Further, many devices are being developed that can alter brain waves in order to reinforce certain patterns of waves that offers good sleep. Using AI several manufacturers are coming up with an AI-powered smart bed that can change its shape in accordance with the user's body posture during the night and assist them in having better sleep. For instance, in recent times artificial intelligence has emerged as way to provide some helpful guidance in the management of sleep conditions such as insomnia. Rising advancements and developments in sleep tech devices is expected to provide relief to an unprecedented number of patients who are affected by serious sleep disorders. Technological advancements in sleep tech devices will boost the market growth over the analysis period Rising awareness regarding availability of sleep tech devices in developing and underdeveloped countries.Technological advancements in sleep tech devices in developed regions.Increasing prevalence of sleeping disorders across the globe.Product, Gender, Application, and Distribution Channel Sleep Tech Devices Market Report Coverage Report Coverage These devices are equipped with improved sensor technologies that can track a person’s sleep pattern, heart rate and blood oxygen measurement to estimate sleep patterns. Sleep tech devices are products and gadgets designed to enhance sleep. ![]() However, as the rules and regulations pertaining to lockdown were eased by the government, the market witnessed growth during the pandemic time. These interruptions led to temporary closures of manufacturing facilities, and limited availability of contract manufacturers, and other vendors in supply chain. Furthermore, due to coronavirus outbreak the manufacturing, development, and shipment of sleep tech devices were impacted. Moreover, increasing demand for portable and efficient sleep therapeutic devices are anticipated to pave the way for lucrative growth for industry participants. Get more details on this report - Request Free Sample PDF The growing awareness regarding availability of sleep tech devices in developing and underdeveloped countries will contribute towards market progression over the analysis period. Sleep Tech Devices Market size was valued at around USD 15 billion in 2021 and is expected to witness around 18.1% CAGR from 2022 to 2030.
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