The global contact-free sleep monitoring systems market is likely to be valued at USD 98.6 million in 2023.
Rising cases of sleep disorders like insomnia, Narcolepsy, and Restless Legs are augmenting the demand for smart devices to monitor the sleeping pattern of an individual to get treatment. From 2023 to 2033, the market is expected to register a CAGR worth 8.1%, reaching 214.7 million by 2033 end.
Fast-moving lifestyles have significantly hindered the sleeping pattern of every individual, leading to various mental illnesses. Thereby, the development of novel contact-free sleep monitoring systems is likely to gain huge traction owing to the increasing spending on personal care and growing health concerns
| Attributes | Details |
|---|---|
| Contact-free Sleep Monitoring Systems Market Share (2022) | USD 92.2 million |
| Contact-free Sleep Monitoring Systems Market Share (2023) | USD 98.6 million |
| Contact-free Sleep Monitoring Systems Market Share (2033) | USD 214.7 million |
| Contact-free Sleep Monitoring Systems Market Share (2023 to 2033) | 8.1% |
The contact-free sleep monitoring system is a medical device for monitoring the patient's sleep and records the stages of sleep at different times at night. This device is connected to a user’s smartphone app. This app records all the activities during the sleep time of the particular patient. After recording the data about different stages of sleep, it also suggests improvement in the sleep position.
Additionally, it also suggests the improvement in eating and drinking to improvise patient sleep. This device works on sound wave technology and records the slightest movement of the patient. These devices sweep the sound waves 16 times every second to the patient which is responsible for the granular level observation of sleep.
The growth of the Contact-Free Sleep Monitoring Systems Market is driven primarily by factors such as growing investments in healthcare infrastructural development, increasing elderly population, rising adoption of unobtrusive monitoring solutions, increasing focus on reducing the treatment cost of pressure ulcer & fall injuries, and increasing online availability & purchase of products.
However, a lack of awareness and acceptance of the products in developing countries is expected to restrain the growth of the Contact-Free Sleep Monitoring Systems Market during the forecast period.
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The rising prevalence of sleep deficiency is one of the major factors that is expected to propel the growth of the Contact-Free Sleep Monitoring Systems Market during the forecast period.
The advancement in smartphone technology will be responsible for the launch of the improved product for sleep testing, which increases the penetration of the Contact-Free Sleep Monitoring Systems system market during the forecast period.
The rising incidences of chronic health problems due to high stress and lack of sleep will also upsurge the growth of the Contact-Free Sleep Monitoring Systems system market. Increasing healthcare expenditure and focusing on personal care will augment the growth of chronic disorders of sleep.
Growing investments in healthcare infrastructural development, increasing elderly population, rising adoption of unobtrusive monitoring solutions, increasing focus on reducing the treatment cost of pressure ulcer & fall injuries, and increasing online availability & purchase of products are some other factors that are anticipated to accelerate the growth of the Contact-Free Sleep Monitoring Systems Market in the forthcoming years.
The dearth of awareness of people regarding contact-free sleep monitoring systems in developing economies is one of the major factors that is expected to impede the growth of the Contact-Free Sleep Monitoring Systems Market during the forecast period.
In addition, the strict regulatory scenario for the approval of medical devices for sleep testing is also anticipated to limit the growth of the contact-free sleep monitoring systems market over the forecast period.
Furthermore, the death of a patient’s compliance with the process is likely to hinder the market expansion of the Contact-Free Sleep Monitoring Systems market during the analysis period.
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In terms of regional platforms, North America holds the largest market share in the Contact-Free Sleep Monitoring Systems market. The region is expected to surge to over 43.6% share in 2022. According to the Centres for Diseases Control & Prevention, 35.2% of all adults in the United States reported sleeping on average for less than seven hours per night.
Additionally, almost half of all Americans say they feel sleepy throughout the day between three and seven days per week. This, in turn, summarizes the unstable sleep pattern of citizens in the region. Owing to this, the demand for Contact-Free Sleep Monitoring Systems devices is likely to burgeon at a stellar rate in the region during the forecast period.
According to the National Institute of Health, the sleep disorders like Insomnia, Sleep-wake disorder, Narcolepsy, Hypersomnia, Restless Legs syndrome, etc., are all causes of sleep deprivation. As per the report, nearly 30% of United States adults are suffering from Short-term insomnia while 10% are suffering from chronic insomnia. This in turn is expected to fuel the market growth in the region.
According to Future Market Insights, Europe is expected to hold significant growth opportunities for Contact-Free Sleep Monitoring Systems Market and is expected to reach a share of 35.3% in 2023.
The increasing focus of consumers on personal care is one of the major factors responsible for the robust growth of the contact-free sleep monitoring systems market in Europe, over the forecast period.
In Europe, billions of people are facing sleep difficulties. According to scientific research, about one billion people alone are impacted by sleep apnea and interrupted breathing throughout the night. This is resultant in various health effects including snoring, and daytime fatigue, along with more difficult issues such as heart problems and diabetes.
The increasing awareness about sleep monitoring systems in the region has boosted the demand in the past one to two years. Thereby, prominent manufacturers are witnessing new growth avenues in the countries like Germany, Italy, and France.
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According to Future Market Insights, Asia-Pacific is expected to grow with lucrative growth opportunities for Contact-Free Sleep Monitoring Systems Market and is expected to reach a significant share of 28.5% in 2023.
The favorable reimbursement policies in Asia-Pacific play a major role in better healthcare, which is one of the major factors that is expected to boost the growth of the Contact-Free Sleep Monitoring Systems Market during the forecast period.
Additionally, increased awareness regarding health, introduction to newer technology, increasing healthcare awareness among patients, and rise in disposable income are the major factors that are expected to escalate the market growth in the region.
The prevalence of chronic diseases such as cancer, arthritis, metabolic disorder, orthopedics, respiratory diseases, cardiovascular diseases, and other age-related diseases is increasing with the rise in the geriatric population the older population is more prone to diseases therefore, there is a strong correlation between age and the rise in the number of snoring populations because it tends to worsen with age.
These factors are anticipated to fuel the market growth in the region, shortly.
According to Future Market Insights, Middle East & Africa are expected to provide significant growth opportunities for Contact-Free Sleep Monitoring Systems Market and are expected to reach a share of 13.0% in 2023.
A rise in awareness regarding the ill effects of snoring and sleep apnea is expected to provide various other opportunities in the Contact-Free Sleep Monitoring Systems Market in Middle East & Africa.
There are many prominent market players in the Contact-Free Sleep Monitoring Systems Market such as Onera, Dreem, Motiv, Sleepace, Loona, Beddit, SleepCogni, Somnology, Nukute, Xtrodes, and Watermark Medical, among others, that are working hand-in-hand to provide the best-in-class Contact-Free Sleep Monitoring Systems for enhancing the global arena.
However, there are many global start-ups in the Contact-Free Sleep Monitoring Systems Market, which are stepping forward in matching the requirements of the Contact-Free Sleep Monitoring Systems domain.
Some of the key participants present in the global Contact-Free Sleep Monitoring Systems market include SleepScore Labs, Resmed, Samsung, EarlySense Ltd., and Sense, among others.
Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as SleepScore Labs, Resmed, Samsung, EarlySense Ltd., and Sense, account for a considerable market size, several regional-level players are also operating across key growth regions, particularly in North America.
Recent Developments Observed by FMI:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East & Africa (MEA) |
| Key Countries Covered | United States, Canada, Germany, United Kingdom, Nordic, Russia, BENELUX, Poland, France, Spain, Italy, Czech Republic, Hungary, Rest of EMEAI, Brazil, Peru, Argentina, Mexico, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, ASEAN, Thailand, Malaysia, Indonesia, Australia, New Zealand, Others |
| Key Segments Covered | Component, End-user, Region |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The growth potential of this market is 8.1% through 2033.
North America is projected to emerge as a lucrative market.
Lack of awareness hampers this market growth in developing nations.
Asia Pacific is likely to generate 28.5% revenue in 2023
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component Type 5.1. System 5.2. Software 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 6.1. Hospitals 6.2. Long Term Care Centers 6.3. Rehabilitation Centers 6.4. Homecare Settings 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. SleepScore Labs 17.2. Resmed 17.3. Samsung 17.4. EarlySense Ltd. 17.5. Fitbit 17.6. Apple 17.7. Quantum Wyse 17.8. Huawei 17.9. Miui 17.10. Oxehealth 17.11. iHealth Labs 18. Assumptions & Acronyms Used 19. Research Methodology
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Contact-Free Sleep Monitoring Systems Market
