Sleep Tech Devices Market Regional Growth Drivers, Opportunities, Trends, and Forecasts to 2026

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Sleep Tech Devices Market Trends Information and
Competitive Landscape Scenario to 2026

• Sleep tech devices market has garnered
  considerable traction over the years. Citing
  reports, about one-third of the population in the
  U.K. is expected to suffer from insomnia, while
  more than half the people are aged 65 and above
  could witness this disorder. It is safe to say
  that the high geriatric population globally is
  one of the main factors driving the demand for
  advanced sleep tech device solutions in the last
  couple of years.
• Sleeping disorders are common in older adults due
  to factors like an increase in consumption of
  alcohol, intake of high-power medicines and
  supplements, and the change in the bodys
  internal clock. Additionally, the prevalence of
  chronic diseases in the elderly population leads
  to disrupting the sleep cycles further magnifying
  the dependence on different types of sleep tech
  devices. As per the National Council on Aging,
  nearly 80 of the elderly people in the U.S.
  suffer from at least one chronic disease, while
  77 of them have two or above.

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• The use of such devices helps them in monitoring
  their sleep patterns, helping the elderly take
  conscious decisions to enhance sleep behavior.
  Additionally, measures undertaken by the
  governments in different countries to improve the
  quality of the elderly healthcare system along
  with reducing its cost will propel the global
  sleep tech devices market share in the coming
  years, which is anticipated to reach USD 32
  billion in annual value by 2026.

• With respect to gender, the devices for female
  led the market demand over the years and is
  further divided into lt18, 18-36, 37-55, gt55 age
  band. The increase in the number of pregnancies
  annually in both developed and developing
  countries has driven sleep tech device adoption.
  Pregnant women tend to suffer from insomnia.
  Women with post-menopause symptoms also face
  issues in sleeping.

• According to the National Sleep Foundation in
  America, studies claim that women are more likely
  to have difficulty falling asleep when compared
  to men and they also witness daytime sleepiness
  at least for a few days a week. Wearable sleep
  tech devices, in particular, have witnessed
  considerable demand over the years, this is due
  to the efforts undertaken by the manufacturers to
  develop easy, convenient, cost-effective, and
  readily available sleep monitoring tools like
  smartwatches, bands, and others. These are
  available in the form of wrist bands, earplugs,
  head belts, and others.

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• Regional Analysis

• The Asia Pacific sleep tech devices market has
  showcased tremendous growth over the years due to
  the efforts undertaken by the healthcare
  organizations and the government to spread
  awareness among the citizens regarding the
  symptoms and negative effects of sleep
  deprivation along with the use of advanced sleep
  tech devices, when necessary. For instance, the
  Government of India has established online health
  portals to help citizens affected with insomnia.

• Competitive Analysis

• In addition to the above, many industry players
  are also entering into the emerging economies to
  explore opportunities, subsequently fueling the
  regional market growth. The sleep tech devices
  market is endowed with prominent market players
  that are working toward developing high
  technology products that meet the demands of the
  patients. Some of the leading sleep tech device
  companies include Emfit, Casper Sleep, Withings,
  Beddit, ResMed, Xiaomi, Dream, and Eight Sleep,
  among various others.

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