Wearable Sleep Trackers Market - Forecast(2024 - 2030)

Report Code: HCR 1446 Report Format: PDF + Excel

Wearable Sleep Trackers Market Overview

Wearable Sleep Trackers Market size is projected to reach $4.2 billion by 2026growing at a CAGR of 7.6% during the forecast period 2021-2026. Wearable sleep trackers are devices that help in tracking the amount of sleep an individual needs to take in twenty-four hours. These trackers have a sensor close to the body that keeps a note of sleep patterns regularly and record rapid eye movement sleep. Moreover, wearable medical devices such as fitness trackers help in maintaining fitness and activity monitor with the help of Global Positioning System (GPS). This fitness tracker device also offers fitness uptakes like distance walked, breathing, and heart rate. Increase in the prevalence of rapid eye movement sleep disorder, growing demand for smart wearable devices, and rise in the government initiatives are the factors that are set to drive the growth of the Wearable Sleep Trackers Market for the period 2021-2026.

Report Coverage

The report: “Wearable Sleep Trackers Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Wearable Sleep Trackers Market.
By Product Type: Ring Devices, Wristband and Hand Band Devices, Headband Devices, and Mask Tracker Devices.
By ApplicationSleep Apnea, Insomnia, and Others.
By Distribution Channel: Supermarkets/Hypermarkets, Pharmacies, Online Channels, and Others.
By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World (Middle East and Africa).

Key Takeaways

  • Geographically, North America Wearable Sleep Trackers Market accounted for the highest revenue share in 2020 and is poised to dominate over 2021-2026 owing to the growing product launches for the treatment of various sleep disorders.
  • The growing severity of cardiometabolic consequences owing to the rapid eye movement associated with sleep apnea is driving the sleep apnea segment.
  • The lack of awareness regarding sleep conditions and devices is one of the major factors that is said to reduce the growth of the Wearable Sleep Trackers Market.
  • Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Wearable Sleep Trackers Market report.

Wearable Sleep Trackers Market Segment Analysis-By Application

The Wearable Sleep Trackers Market based on the Application can be further segmented into the Sleep Apnea, Insomnia, and OthersThe Sleep apnea segment held the largest share in 2020 and is also estimated to be the fastest growing segment with a CAGR of 8.2% over the period 2021-2026. This growth is owing to the factors such as rise in the medical coverage for sleep apnea devices and growing demand for wearable medical devices for the treatment of sleep apnea. Sleep apnea during rapid eye movement sleep had severe cardiometabolic consequences, which is driving the growth of the Wearable Sleep Trackers Market. The Insomnia segment held the second largest share in 2020 owing to the growing penetration of new technological devices for the treatment of insomnia and increase in the adoption of smart wearable devices for the treatment of insomnia disorder by the young population in developed nations.

Wearable Sleep Trackers Market Segment Analysis-By Distribution Channel

The Wearable Sleep Trackers Market based on the Distribution Channel can be further segmented into Supermarkets/Hypermarkets, Pharmacies, Online Channels, and Others. The Online Channels segment held the largest share in 2020 and is also estimated to be the fastest-growing segment with a CAGR of 8.5% over the period 2021-2026. This growth is owing to the factors such as growing demand for digitalized shopping experience among the customers and rise in the demand for door-step delivery. The increase in the demand for fitness tracker devices in online channels among the young population is driving the growth of the Wearable Sleep Trackers Market. The Supermarkets/Hypermarkets segment held the second-largest share in 2020 owing to factors such as the availability of a wide range of smart wearable devices with different brands and price ranges, presence of distinct product shelves coupled with attractive schemes in supermarkets, and increase in the investment by the key players.

Wearable Sleep Trackers Market: Market Share (%) by Distribution Channel, 2020


Wearable Sleep Trackers Market Segment Analysis-By Geography

North America held the largest share with 33% of the overall market in 2020. The growth in this segment is owing to the factors such as increase in the demand for fitness tracker devices and wearable medical devices, the presence of key players, and increase in the innovative product launches for the treatment of various sleep disorders. The rise in the prevalence of rapid eye movement sleep disorder is driving the growth of the Wearable Sleep Trackers Market. Asia-Pacific is estimated to be the fastest growing segment over the period 2021-2026. The growth in this segment is owing to the factors such as growing demand for smart wearable devices for the treatment of sleep apnea and increase in government initiatives.

Wearable Sleep Trackers Market Drivers

Rise in the Prevalence of Sleep Disorders like Insomnia and Sleep Apnea

The rapid increase in the prevalence of sleep disorders like insomnia and sleep apnea in developing nations owing to frustration and busy lifestyles has created awareness about the importance of healthy sleep. This further propelled the demand for wearable medical devices and smart wearable devices, which is one of the major factors that is driving the growth of the Wearable Sleep Trackers Market.

Increase in the Government Initiatives

The governments and various sleep foundations across the world are focusing on making healthcare facilities more affordable by conducting various educational programs. These initiatives have increased the knowledge among customers about various treatments and advanced technological devices available for sleep disorders, which is propelling the growth of the Wearable Sleep Trackers Market.

Wearable Sleep Trackers Market Challenges

Lack of Awareness Regarding Sleep Conditions and Devices

The key players in the market are collaborating with other players to carry out various research and development activities for launching advanced products for various sleep disorders. However, the lack of awareness regarding sleeping conditions and wearable medical devices available for tracking these conditions is one of the major factors that is estimated to reduce the growth of the Wearable Sleep Trackers Market.

Wearable Sleep Trackers Market Landscape

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Wearable Sleep Trackers Market. Key companies of this market are Koninklijke Philips N.V., Fitbit, Huami Corporation, Fossil Group Inc, Huawei Technologies Co Ltd, Garmin Ltd, Xiaomi Corporation, Nike Inc, Apple Inc, Sony Corporation among others.

Acquisitions/Product Launches:

  • In August 2020, Fitbit has launched Inspire 2 with features such as a heart-rate tracker, a sleep tracker, sedentary reminder guided breathing sessions, and more than 20 exercise modes. These products are coupled with the most advanced sensor technology and algorithms to unlock more information about bodies and health.
  • In January 2020, Huami Corporation has launched Amazfit T-Rex, which is an advanced activity and a sleep tracking sensor. This product features a 1.3-inch AMOLED display and aims to deliver an impressive 20-days battery life.
  • In September 2019, Koninklijke Philips N.V has launched its expanded wearable sleep trackers in the United States market to ultimately address approximately 80 percent of all sleep issues and to enhance consumer access to sleep information and solutions.

Related Reports

Report Code: ITR 40457

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1. Wearable Sleep Trackers Market - Overview
    1.1 Definitions and Scope
2. Wearable Sleep Trackers Market - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Product Type
    2.3 Key trends by Application
    2.4 Key trends by Geography
3. Wearable Sleep Trackers Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Wearable Sleep Trackers Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Wearable Sleep Trackers Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Wearable Sleep Trackers Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Wearable Sleep Trackers Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Wearable Sleep Trackers Market – By Product Type(Market Size –$Million/$Billion)
    8.1 Ring Devices
    8.2 Wristband and Hand Band Devices
    8.3 Headband Devices
    8.4 Mask Tracker Devices
9. Wearable Sleep Trackers Market – By Application(Market Size –$Million/$Billion)
    9.1 Sleep Apnea
    9.2 Insomnia
    9.3 Others
10. Wearable Sleep Trackers Market – By Distribution Channel(Market Size –$Million/$Billion)
    10.1 Supermarkets/Hypermarkets
    10.2 Pharmacies
    10.3 Online Channels
    10.4 Others
11. Wearable Sleep Trackers Market - By Geography(Market Size –$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Mexico
        11.1.3 Canada
    11.2 Europe
        11.2.1 U.K.
        11.2.2 France
        11.2.3 Germany
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 Rest of Europe
    11.3 Asia Pacific
        11.3.1 China
        11.3.2 India
        11.3.3 Japan
        11.3.4 South Korea
        11.3.5 Australia & New Zealand
        11.3.6 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
        11.5.2 Africa
12. Wearable Sleep Trackers Market - Entropy
13. Wearable Sleep Trackers Market – Industry/Segment Competition Landscape Premium
    13.1 Market Share Analysis
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key companies
        13.1.3 Market Share by Countries – Key Companies
        13.1.4 Best Practices for Companies
14. Wearable Sleep Trackers Market – Key Company List by Country Premium Premium
15. Wearable Sleep Trackers Market Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global Competition Analysis Market 2019-2024 ($M)
1.1 Competitors Deep Dive Market 2019-2024 ($M) - Global Industry Research
1.1.1 Koninklijke Philips N.V. Market 2019-2024 ($M)
1.1.2 Fitbit, Inc. Market 2019-2024 ($M)
1.1.3 Garmin Ltd. Market 2019-2024 ($M)
1.1.4 Huami Corporation Market 2019-2024 ($M)
1.1.5 Fossil Group, Inc. Market 2019-2024 ($M)
1.1.6 Huawei Technologies Co., Ltd. Market 2019-2024 ($M)
2.Global Wearable Sleep Trackers Market Analysis and Forecast , By Product Type Market 2019-2024 ($M)
2.1 By Product Type, Market 2019-2024 ($M) - Global Industry Research
3.Global Wearable Sleep Trackers Market Analysis and Forecast , By Distribution Channel Market 2019-2024 ($M)
3.1 By Distribution Channel, Market 2019-2024 ($M) - Global Industry Research
4.Global Competition Analysis Market 2019-2024 (Volume/Units)
4.1 Competitors Deep Dive Market 2019-2024 (Volume/Units) - Global Industry Research
4.1.1 Koninklijke Philips N.V. Market 2019-2024 (Volume/Units)
4.1.2 Fitbit, Inc. Market 2019-2024 (Volume/Units)
4.1.3 Garmin Ltd. Market 2019-2024 (Volume/Units)
4.1.4 Huami Corporation Market 2019-2024 (Volume/Units)
4.1.5 Fossil Group, Inc. Market 2019-2024 (Volume/Units)
4.1.6 Huawei Technologies Co., Ltd. Market 2019-2024 (Volume/Units)
5.Global Wearable Sleep Trackers Market Analysis and Forecast , By Product Type Market 2019-2024 (Volume/Units)
5.1 By Product Type, Market 2019-2024 (Volume/Units) - Global Industry Research
6.Global Wearable Sleep Trackers Market Analysis and Forecast , By Distribution Channel Market 2019-2024 (Volume/Units)
6.1 By Distribution Channel, Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Competition Analysis Market 2019-2024 ($M)
7.1 Competitors Deep Dive Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Koninklijke Philips N.V. Market 2019-2024 ($M)
7.1.2 Fitbit, Inc. Market 2019-2024 ($M)
7.1.3 Garmin Ltd. Market 2019-2024 ($M)
7.1.4 Huami Corporation Market 2019-2024 ($M)
7.1.5 Fossil Group, Inc. Market 2019-2024 ($M)
7.1.6 Huawei Technologies Co., Ltd. Market 2019-2024 ($M)
8.North America Wearable Sleep Trackers Market Analysis and Forecast , By Product Type Market 2019-2024 ($M)
8.1 By Product Type, Market 2019-2024 ($M) - Regional Industry Research
9.North America Wearable Sleep Trackers Market Analysis and Forecast , By Distribution Channel Market 2019-2024 ($M)
9.1 By Distribution Channel, Market 2019-2024 ($M) - Regional Industry Research
10.South America Competition Analysis Market 2019-2024 ($M)
10.1 Competitors Deep Dive Market 2019-2024 ($M) - Regional Industry Research
10.1.1 Koninklijke Philips N.V. Market 2019-2024 ($M)
10.1.2 Fitbit, Inc. Market 2019-2024 ($M)
10.1.3 Garmin Ltd. Market 2019-2024 ($M)
10.1.4 Huami Corporation Market 2019-2024 ($M)
10.1.5 Fossil Group, Inc. Market 2019-2024 ($M)
10.1.6 Huawei Technologies Co., Ltd. Market 2019-2024 ($M)
11.South America Wearable Sleep Trackers Market Analysis and Forecast , By Product Type Market 2019-2024 ($M)
11.1 By Product Type, Market 2019-2024 ($M) - Regional Industry Research
12.South America Wearable Sleep Trackers Market Analysis and Forecast , By Distribution Channel Market 2019-2024 ($M)
12.1 By Distribution Channel, Market 2019-2024 ($M) - Regional Industry Research
13.Europe Competition Analysis Market 2019-2024 ($M)
13.1 Competitors Deep Dive Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Koninklijke Philips N.V. Market 2019-2024 ($M)
13.1.2 Fitbit, Inc. Market 2019-2024 ($M)
13.1.3 Garmin Ltd. Market 2019-2024 ($M)
13.1.4 Huami Corporation Market 2019-2024 ($M)
13.1.5 Fossil Group, Inc. Market 2019-2024 ($M)
13.1.6 Huawei Technologies Co., Ltd. Market 2019-2024 ($M)
14.Europe Wearable Sleep Trackers Market Analysis and Forecast , By Product Type Market 2019-2024 ($M)
14.1 By Product Type, Market 2019-2024 ($M) - Regional Industry Research
15.Europe Wearable Sleep Trackers Market Analysis and Forecast , By Distribution Channel Market 2019-2024 ($M)
15.1 By Distribution Channel, Market 2019-2024 ($M) - Regional Industry Research
16.APAC Competition Analysis Market 2019-2024 ($M)
16.1 Competitors Deep Dive Market 2019-2024 ($M) - Regional Industry Research
16.1.1 Koninklijke Philips N.V. Market 2019-2024 ($M)
16.1.2 Fitbit, Inc. Market 2019-2024 ($M)
16.1.3 Garmin Ltd. Market 2019-2024 ($M)
16.1.4 Huami Corporation Market 2019-2024 ($M)
16.1.5 Fossil Group, Inc. Market 2019-2024 ($M)
16.1.6 Huawei Technologies Co., Ltd. Market 2019-2024 ($M)
17.APAC Wearable Sleep Trackers Market Analysis and Forecast , By Product Type Market 2019-2024 ($M)
17.1 By Product Type, Market 2019-2024 ($M) - Regional Industry Research
18.APAC Wearable Sleep Trackers Market Analysis and Forecast , By Distribution Channel Market 2019-2024 ($M)
18.1 By Distribution Channel, Market 2019-2024 ($M) - Regional Industry Research
19.MENA Competition Analysis Market 2019-2024 ($M)
19.1 Competitors Deep Dive Market 2019-2024 ($M) - Regional Industry Research
19.1.1 Koninklijke Philips N.V. Market 2019-2024 ($M)
19.1.2 Fitbit, Inc. Market 2019-2024 ($M)
19.1.3 Garmin Ltd. Market 2019-2024 ($M)
19.1.4 Huami Corporation Market 2019-2024 ($M)
19.1.5 Fossil Group, Inc. Market 2019-2024 ($M)
19.1.6 Huawei Technologies Co., Ltd. Market 2019-2024 ($M)
20.MENA Wearable Sleep Trackers Market Analysis and Forecast , By Product Type Market 2019-2024 ($M)
20.1 By Product Type, Market 2019-2024 ($M) - Regional Industry Research
21.MENA Wearable Sleep Trackers Market Analysis and Forecast , By Distribution Channel Market 2019-2024 ($M)
21.1 By Distribution Channel, Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Wearable Sleep Trackers Sales Forecast 2019 Market Revenue, 2019-2024 ($M)
2.Canada Wearable Sleep Trackers Sales Forecast 2019 Market Revenue, 2019-2024 ($M)
3.Mexico Wearable Sleep Trackers Sales Forecast 2019 Market Revenue, 2019-2024 ($M)
4.Brazil Wearable Sleep Trackers Sales Forecast 2019 Market Revenue, 2019-2024 ($M)
5.Argentina Wearable Sleep Trackers Sales Forecast 2019 Market Revenue, 2019-2024 ($M)
6.Peru Wearable Sleep Trackers Sales Forecast 2019 Market Revenue, 2019-2024 ($M)
7.Colombia Wearable Sleep Trackers Sales Forecast 2019 Market Revenue, 2019-2024 ($M)
8.Chile Wearable Sleep Trackers Sales Forecast 2019 Market Revenue, 2019-2024 ($M)
9.Rest of South America Wearable Sleep Trackers Sales Forecast 2019 Market Revenue, 2019-2024 ($M)
10.UK Wearable Sleep Trackers Sales Forecast 2019 Market Revenue, 2019-2024 ($M)
11.Germany Wearable Sleep Trackers Sales Forecast 2019 Market Revenue, 2019-2024 ($M)
12.France Wearable Sleep Trackers Sales Forecast 2019 Market Revenue, 2019-2024 ($M)
13.Italy Wearable Sleep Trackers Sales Forecast 2019 Market Revenue, 2019-2024 ($M)
14.Spain Wearable Sleep Trackers Sales Forecast 2019 Market Revenue, 2019-2024 ($M)
15.Rest of Europe Wearable Sleep Trackers Sales Forecast 2019 Market Revenue, 2019-2024 ($M)
16.China Wearable Sleep Trackers Sales Forecast 2019 Market Revenue, 2019-2024 ($M)
17.India Wearable Sleep Trackers Sales Forecast 2019 Market Revenue, 2019-2024 ($M)
18.Japan Wearable Sleep Trackers Sales Forecast 2019 Market Revenue, 2019-2024 ($M)
19.South Korea Wearable Sleep Trackers Sales Forecast 2019 Market Revenue, 2019-2024 ($M)
20.South Africa Wearable Sleep Trackers Sales Forecast 2019 Market Revenue, 2019-2024 ($M)
21.North America Wearable Sleep Trackers Sales Forecast 2019 By Application
22.South America Wearable Sleep Trackers Sales Forecast 2019 By Application
23.Europe Wearable Sleep Trackers Sales Forecast 2019 By Application
24.APAC Wearable Sleep Trackers Sales Forecast 2019 By Application
25.MENA Wearable Sleep Trackers Sales Forecast 2019 By Application