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Sleep Tech Devices Market: Research and Development Initiatives

Global Market Insights Inc. add New Report Global Sleep Tech Devices Market to its research database. The report focuses on global major leading players with information such as company profiles, Growth, product segment, technology segment, end user segment and region.

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Sleep Tech Devices Market: Research and Development Initiatives

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  1. Sleep Tech Devices Market Report: Comprehensive Analysis and Forecast 2023-2032

  2. Industry Insights • Global Sleep Tech Devices Market will depict steady growth throughout 2023-2032. Sleeping disorders have become increasingly prevalent among the aging population. • As per the WHO, in China, it is estimated that more than 28% of the population will be 60 years and above by 2040. The increasing geriatric population and their susceptibility to sleeping disorders will propel the sales of sleep tech devices. • Tech players globally have been focusing on introducing products with advanced technological updates. • For instance, in September 2022, Apple Inc. announced the launch of watchOS 9, which can estimate, when people are in REM, core, or deep sleep, and awake. • Such innovations in the field are expected to strengthen the industry outlook over the next ten years.

  3. The overall sleep tech devices market is divided on the basis of product, application, distribution channel, and region. • Non-wearable sleep tech devices market is anticipated to witness significant growth trends through 2032. • Non-wearable sleep tech devices are much more convenient than their wearable counterparts, which may add to their popularity in the coming years. Moreover, many companies are emphasizing enhancing the existing capabilities of non-wearable sleep tech devices such as sleeping mats, mattresses, etc. • For instance, in July 2022, Eight Sleep, the first-ever sleep fitness company, launched Pod 3 with a sensor system with 99% heart rate sensing accuracy to transform a bed into an advanced health platform. • Such product rollouts will help streamline industry growth over the estimation period.

  4. Regional Analysis • Europe sleep tech devices market was worth USD 4.5 billion in 2022. Growing elderly population and their higher susceptibility to sleeping disorders have increased the demand for sleep tech devices in the region. • Competitive Analysis • Fitbit (Google LLC), Apple Inc., Eight Sleep, Xiaomi, Philips, Sleep Number, Rest, SleepScore Labs, and Withings's among others are some of the leading brands in the global sleep tech devices market.

  5. Sleep Tech Devices Market @ https://www.gminsights.com/industry-analysis/sleep-tech-devices-market Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/4405 Request for customization@ https://www.gminsights.com/roc/4405

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