Global Smart Sleep Tracking Device Market Overview:
Smart sleep tracking device market is expected to grow in the future due to the increasing prevalence of sleep-related diseases, rising old age population. Increasing expenditure on healthcare devices is favoring the growth of the smart sleep tracking device market. There are many benefits to using a smart sleep tracking device such as allow one to know the time and duration of deep sleep and heart rate per section of time. Smart sleep tracking devices also have some additional features, such as sleeping coaching, sleep reminders, and others. Some of the players profiled in the study are Apple Inc. (United States), Koninklijke Philips N.V. (Netherlands), Samsung Electronics Co., Ltd. (South Korea), Xiaomi Corporation (China), Fitbit, Inc (United States), Emfit (Finland), Garmin Ltd. (United States), ResMed (United States), Nokia Corporation (Finland) and Sleepace (China).
On the basis of geography, the market of Smart Sleep Tracking Device has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Sensing Technology will boost the Smart Sleep Tracking Device market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Hypermarket/Supermarket will boost the Smart Sleep Tracking Device market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing , the sub-segment i.e. Economy will boost the Smart Sleep Tracking Device market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Rising Disposable Income and More Spend on Smart Technologies
- Increasing Number of Sleep-related Diseases such as Sleep Apnea, Insomnia, etc.
- Increasing Research and Development Activities related to Tracking Devices to Enhance their Accuracy, Compatibility with Devices
- High Cost of Sleep Tracking Device
- Increasing Awareness among People about the Importance of Health and Sleep Conditions
- Rising Demand for Innovative and Comfortable Wearable Sleep Tracking Device
- Availability of Counterfeit Products
Key Market Developments:
In April 2020, Fitness and sleep-tracking smart-ring-maker Motiv have been acquired by Proxy, a company specializing in digital identity security.
In Sept 2019, Royal Philips announced the launch of its expanded SmartSleep suite of solutions in the United States that aims to improve the lives of millions of consumers. The suite of solutions provides will address sleep issues ranging from difficulty falling asleep to snoring, to simply not getting enough quality sleep.
Smart Sleep Tracking Device Manufacturers, Smart Sleep Tracking Device Suppliers/Distributors, Raw Material Suppliers, Potential Investors, Research Firm, Technology Providers and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Smart Sleep Tracking Device market on the basis of product [Wearable Devices and Non-Wearable Devices] , application , key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Smart Sleep Tracking Device market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Smart Sleep Tracking Device industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Misfit (United States) and Beddit Oy (Finland).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Smart Sleep Tracking Device market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.