What is Global Sleep Aid Device Market?
The Global Sleep Aid Device Market is a rapidly growing sector that focuses on products designed to improve the quality of sleep. These devices range from simple tools like mattresses and pillows to more complex devices designed to treat conditions like sleep apnea. The market is driven by an increasing awareness of the importance of good sleep for overall health and well-being, as well as a rising prevalence of sleep disorders. In 2022, the market was valued at US$ 21100 million and is expected to reach US$ 29810 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 5.0% from 2023 to 2029.
Mattress & Pillow, Sleep Apnea Devices, Other in the Global Sleep Aid Device Market:
The Global Sleep Aid Device Market is segmented into Mattress & Pillow, Sleep Apnea Devices, and Other. Mattresses and pillows are the most basic sleep aid devices, designed to provide comfort and support for a good night's sleep. Sleep apnea devices, on the other hand, are more specialized, designed to treat a specific sleep disorder that causes breathing to stop and start during sleep. Other devices in the market include white noise machines, sleep trackers, and light therapy devices. The leading companies in this market are Tempur Sealy International, ResMed, Koninklijke Philips, Serta Simmons Bedding, and Sleep Number, which together accounted for more than 42% of the market's total revenue in 2018.
Hospitals, Homecare in the Global Sleep Aid Device Market:
The Global Sleep Aid Device Market finds its applications in various areas including Hospitals and Homecare. In hospitals, these devices are used to monitor and treat patients with severe sleep disorders. Homecare, on the other hand, refers to the use of these devices at home, either on a doctor's recommendation or as a personal choice. The growing preference for homecare is due to the convenience and comfort it offers, allowing individuals to monitor and improve their sleep in the comfort of their own homes.
Global Sleep Aid Device Market Outlook:
To rephrase the market outlook, the Global Sleep Aid Device Market, which was valued at US$ 21100 million in 2022, is projected to reach a value of US$ 29810 million by 2029. This represents a CAGR of 5.0% during the forecast period from 2023 to 2029. The market is dominated by key players such as Tempur Sealy International, ResMed, Koninklijke Philips, Serta Simmons Bedding, and Sleep Number. In 2018, these top five companies collectively accounted for more than 42% of the market's total revenue.
| Report Metric | Details |
| Report Name | Sleep Aid Device Market |
| Accounted market size in 2022 | US$ 21100 in million |
| Forecasted market size in 2029 | US$ 29810 million |
| CAGR | 5.0% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Tempur Sealy International, ResMed, Koninklijke Philips, Serta Simmons Bedding, Sleep Number, Fisher & Paykel Healthcare, Kingsdown, Drive DeVilbiss Healthcare, Ebb Therapeutics, Electromedical Products International, Eight Sleep, Sleepace |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
