Sleep Tech Devices Market Report 2025

The sleep tech devices market size has grown rapidly in recent years. It will grow from $22.01 billion in 2024 to $25.64 billion in 2025 at a compound annual growth rate (CAGR) of 16.5%. The growth in the historic period can be attributed to labor shortages in agriculture, pressure to increase crop yields, focus on precision agriculture, sustainability goals, cost savings and efficiency gains.

The sleep tech devices market size is expected to see rapid growth in the next few years. It will grow to $49.92 billion in 2029 at a compound annual growth rate (CAGR) of 18.1%. The growth in the forecast period can be attributed to autonomous harvesting vehicles, predictive analytics for crop ripeness, remote monitoring and control, energy-efficient harvesting solutions, market expansion to various crops and geographies. Major trends in the forecast period include adoption of automation and robotics, integration of ai and ml, precision agriculture techniques, iot-enabled harvesting equipment, selective harvesting for quality improvement, data-driven decision-making.

The rising prevalence of sleep disorders is expected to drive the growth of the sleep tech devices market. Sleep tech devices are designed to monitor and enhance sleep quality by providing data and insights into sleep patterns, offering personalized recommendations, and encouraging the adoption of healthy sleep habits. They can also assist in diagnosing and monitoring sleep disorders while delivering personalized feedback and suggestions to improve sleep quality. More individuals with sleep disorders are increasingly turning to sleep tech devices to enhance their sleep. For instance, in November 2023, NHS Digital, a UK-based government agency, reported that 37.8% of children aged 8 to 16 experienced sleep problems three or more times in the past week. Consequently, the rising prevalence of sleep disorders is fueling the growth of the sleep tech devices market.

The increasing work-related pressure is projected to drive the growth of the sleep tech devices market in the future. Work-related pressure refers to the psychological and physical strain that employees experience due to factors such as workload, deadlines, expectations, and the work environment. Sleep tech devices provide a promising solution for individuals dealing with high levels of work pressure and its negative impact on sleep quality. By monitoring sleep patterns and offering device-based recommendations, these devices can help users achieve deeper, more restorative sleep. For instance, in April 2023, the Office for National Statistics, a UK-based government department, reported that the sickness absence rate for all employed individuals was 2.6% in 2022, marking an increase of 0.4 percentage points from 2021. As a result, the rising work-related pressure is contributing to the growth of the sleep tech devices market.

Major companies in the sleep tech devices market are concentrating on developing advanced technologies, such as artificial intelligence (AI)-powered sleep solutions, to improve sleep quality. AI-powered sleep solutions involve utilizing artificial intelligence technologies to monitor, analyze, and enhance sleep patterns and overall sleep quality. These solutions are integrated into sleep tech devices, including smart mattresses and wearable trackers, to optimize sleep through data-driven insights and real-time feedback. For example, in June 2024, Wakefit, an India-based furniture company, launched the Zense range, which features two innovative products: Regul8 and Track8. This launch represents the introduction of India’s first AI-powered sleep solutions, designed to enhance sleep quality and facilitate tracking. Key features include temperature control and personalized settings powered by advanced AI algorithms.

Leading companies in the sleep tech devices market are directing their efforts towards the development of cutting-edge devices, including no-contact sleep trackers, to gain a competitive advantage. The trend of no-contact sleep trackers is gaining traction, offering an alternative to wearables for individuals who find them uncomfortable or restrictive. In September 2022, Amazon.com Inc., a US-based technology company, launched Halo Rise, a groundbreaking contactless sleep tracker. Utilizing low-energy sensors and advanced machine learning, Halo Rise tracks sleep without the need for wearable devices. The product includes a six-month Halo membership, providing access to additional features such as sleep insights, personalized sleep coaching, and workout programs. Halo Rise is designed to monitor bedroom temperature and humidity, factors that can impact sleep quality.

In July 2024, EnsoData, a U.S.-based software company, acquired Resonea's sleep testing technology for an undisclosed amount. This acquisition is intended to facilitate the use of smartphones for preliminary sleep apnea screening at home. Furthermore, it aims to improve accessibility to diagnostic services, which is vital since sleep apnea is frequently underdiagnosed and can lead to serious health complications, including cardiovascular and neurodegenerative diseases. Resonea is a U.S.-based company dedicated to developing innovative tools for sleep health and wellness.

Major companies operating in the sleep tech devices market include Masimo Corporation, Koninklijke Philips N.V., Fitbit Inc., Xiaomi Corporation, Apple Inc., Eight Sleep, Oura Health Oy, Nihon Kohden Corporation Inc., Casper Sleep, Compumedics Limited, ResMed Inc., Withings, Samsung Electronics Co. Ltd., ASUSTek Computer Inc., Motorola Mobility LLC, Apollo Neuroscience Inc., Nokia Corporation, Huawei Technologies Co. Ltd., Sleep Shepherd LLC, Sleepace, Fossil Group Inc., Serta Simmons Bedding LLC, Tempur Sealy International Inc., Sleep Number Corporation, Emfit Ltd., Beacon Biosignals Inc., Beddit Oy, SleepScore Labs, ZANSOR, Somnox, Sleep Cycle.

North America was the largest region in the sleep tech devices market in 2024. Asia-Pacific is expected to be the fastest growing region in the global sleep tech devices market during the forecasted period. The regions covered in the sleep tech devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the sleep tech devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Sleep tech devices encompass advanced tools engineered for the monitoring and enhancement of sleep quality. These innovative devices also furnish users with comprehensive data and insights regarding their sleep patterns.

The primary offerings in the sleep tech device market include wearables, monitoring devices, smart gadgets, digital tools, and various other products. Wearables, such as smartwatches and sleep tracker bands, are worn on the body to effectively monitor and track sleep patterns. These devices cater to individuals across different age groups, specifically those below 45 years, between 45 and 64 years, and above 65 years. Distribution channels for sleep tech devices include sleep centers, fitness centers, hypermarkets, supermarkets, e-commerce platforms, pharmacy and retail stores, and other channels. The devices are instrumental in addressing conditions such as insomnia, obstructive sleep apnea, narcolepsy, and other sleep disorders.

The sleep tech devices market research report is one of a series of new reports that provides sleep tech devices market statistics, including sleep tech devices industry global market size, regional shares, competitors with a sleep tech devices market share, detailed sleep tech devices market segments, market trends and opportunities, and any further data you may need to thrive in the sleep tech devices industry. This sleep tech devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The sleep tech devices market consists of sales of sleep EEG headbands, charging cables, replacement sensors and vibration relaxation devices. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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