Smart Sleep Tracking Device Market : Global Demand Analysis & Opportunity Outlook 2024
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Product Code:
RP-ID-10000067 -
Published Date:
21 Oct 2022 -
Region:
Global
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Pages:
158 -
Category:
ICT & Telecom -
Publisher:
Pub-ID-9
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
Translate Report
Global smart sleep tracking device market reached more than USD 1 Billion in 2016 and is expected to reach more than USD 4 Billion by the end of 2024, expanding at a CAGR of 18% over the forecast period i.e. 2017-2024. Moreover, the growth of smart sleep tracking device market is attributed to the increased awareness among
people to get their sleep patterns checked and rising sleep disorders such as sleep apnea. North America is slated to account for a leading share of 54% in the terms of Size by 2024 in the smart sleep tracking device market. The growth in the region is anticipated to be fostered by the increasing awareness about the harmful effects of sleeping disorder. Besides, rising disposable income coupled with availability of innovative smart sleep tracking device in the market is also expected to impel the growth of smart sleep tracking device market in the North America. U.S. and Canada is the prominent market in the region.
Global smart sleep tracking device market is segmented on the basis of product type into wearable devices and non-wearable devices. Wearable devices segment (74% share in 2016) occupies the largest market of smart sleep tracking device across the globe. Further, global wearable smart sleep tracking device market is anticipated to reach more than USD 3 Billion by the end of 2024 from USD 800 Million in 2016.
Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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