Global Wearable Sleep Trackers Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global wearable sleep trackers market in its upcoming report titled, “Global Wearable Sleep Trackers Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global catalyst regeneration market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global wearable sleep trackers market report has been segmented on the basis of product type, application, distribution channel, and region.
Wearable sleep trackers are the devices which are used in tracking the sleeping habits and helping in determining important decisions for healthy sleep and lifestyle. These devices include wearable ring devices, wearable wristband, hand band devices, wearable headband devices, and sleep mask tracker devices. These devices are connected to the body and a sensor is attached to the body which tracks the patterns. In addition, these devices are used to track the fitness updates such as calories consumed, distance walked, heart and breathing rate of the human beings.
Increasing incidence of sleep disorders like insomnia and sleep apnoea due to frustration and busy life among the individuals is major factor expected to drive growth of the global target market. In addition, increasing demand for wearable sleep trackers owing to growing awareness about the sleep-related disorders, importance of healthy sleep, rising healthcare expenditure, increasing disposable income are the major factor expected to boost growth of the global wearable sleep trackers market. Furthermore, rising adoption of advanced devices on the back of escalating sleep disorders is among another major factors expected to drive growth of the global wearable sleep trackers market. However, increasing concerns about the risks associated with data privacy and security related to these sleep tracking devices among the consumers is one of the major restraint to the market. In addition, high cost of this devices may hamper the market.
Various established player in the target market are collaborating with other player, in order to carried out various R&D activities, for launching new advanced products for the end user. Government of various countries are taking initiatives in order to spread the awareness regarding wearable devices.
North America is accounted for highest revenue share in the global wearable sleep trackers market over the forecast period, owing to rising incidence of insomnia and other sleep related disorders n countries in the region. Europe market is the second-highest revenue share in the global target market, due to availability of different types of wearable sleep trackers and developed medical infrasture in countries in the region. The market in Asia Pacific is projected to register fastest growth rate in terms of revenue due to growing obese and growing geriatric population in the countries in the region. Furthermore, the markets in Latin America and Middle East & Africa are expected to register moderate growth rate over the forecast period.
Global wearable sleep trackers market segmentation:
By product type:
- Wearable sleep tracker ring device
- Wearable sleep tracker wristband and hand band device
- Wearable sleep tracker headband device
- Sleep mask tracker device
- Sleep apnoea
- Others (wellness application, etc.)
By distribution channel:
- Retails store
- Online sale
- Hypermarket and supermarket
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Fitbit, Inc.
- Garmin Ltd.
- Koninklijke Philips N.V.
- Huami Corporation
- Fossil Group, Inc.
- Huawei Technologies Co., Ltd.
- Xiaomi Corporation
- Apple Inc.
- Samsung Electronics Co., Ltd.
- Nike, Inc.
- Sony Corporation
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