The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Market Overview

• Market Size Growth: From $19.14 billion in 2023 to $22.35 billion in 2024 at a CAGR of 16.8%.
• Historical Growth Drivers: Labor shortages in agriculture, pressure to increase crop yields, precision agriculture focus, sustainability goals, cost savings, and efficiency gains.

Future Market Projections

• Expected Growth: Market size to reach $42.8 billion by 2028 at a CAGR of 17.6%.
• Forecast Growth Drivers: Autonomous harvesting vehicles, predictive analytics for crop ripeness, remote monitoring and control, energy-efficient harvesting solutions, market expansion to various crops and geographies.
• Major Trends: Adoption of automation and robotics, integration of AI and ML, precision agriculture techniques, IoT-enabled harvesting equipment, selective harvesting for quality improvement, data-driven decision-making.

Rising Sleep Disorders Fueling Growth

• Prevalence of Sleep Disorders: Increased use of sleep tech devices to monitor and improve sleep quality.
• APA Findings: Sleep problems rose from 36% before the pandemic to over 50% in June 2021.
• Market Impact: The growing number of sleep disorders is driving demand for sleep tech devices.

Read The Full Sleep Tech Devices Market Report Here:
https://www.thebusinessresearchcompany.com/report/sleep-tech-devices-global-market-report

Key Players in the Market

• Major Companies: Masimo Corporation, Koninklijke Philips N.V., Fitbit Inc., Xiaomi Corporation, Apple Inc., Eight Sleep, Oura Health Oy, Nihon Kohden Corporation Inc., Casper Sleep, Compumedics Limited, ResMed Inc., Withings, Samsung Electronics Co. Ltd., ASUSTek Computer Inc., Motorola Mobility LLC, Apollo Neuroscience Inc., Nokia Corporation, Huawei Technologies Co. Ltd., Sleep Shepherd LLC, Sleepace, Fossil Group Inc., Serta Simmons Bedding LLC, Tempur Sealy International Inc., Sleep Number Corporation, Emfit Ltd., Beacon Biosignals Inc., Beddit Oy, SleepScore Labs, ZANSOR, Somnox, Sleep Cycle.

Technological Advancements Driving Market Evolution

• Innovative Technologies: Major companies are focusing on technological advancements.
• Example: Somne’s neck collar medical device launched in August 2021 uses variable negative pressure technology for better sleep.

Key Acquisition

• Zoll Medical Corporation: Acquired Itamar Medical for $538 million in April 2021 to expand its portfolio of medical devices for heart and sleep-related conditions.
• Itamar Medical: Known for sleep tech devices and innovative diagnostic technologies for sleep apnea and other sleep-related disorders.

Market Segmentation

1. By Product Type: Wearable, Monitoring Devices, Smart Gadgets, Digital Tools, Other Types.
2. By Age: Below 45 Years, 45–64 Years, Above 65 Years.
3. By Distribution Channel: Sleep Centers and Fitness Centers, Hypermarkets and Supermarkets, E-Commerce, Pharmacy and Retail Stores, Other Channels.
4. By Application: Insomnia, Obstructive Sleep Apnea, Narcolepsy, Other Applications.

Regional Insights

• North America: Largest region in the sleep tech devices market in 2023.
• Asia-Pacific: Expected to be the fastest-growing region in the forecast period.

The sleep tech devices market is poised for significant growth driven by increasing sleep disorders, technological advancements, and strategic acquisitions. With major players continually innovating and expanding, the market is set to achieve substantial progress in the coming years.

Get A Free Sample On The Global Sleep Tech Devices Market Report:
https://www.thebusinessresearchcompany.com/sample_request?id=10393&type=smp

The Sleep Tech Devices Global Market Report 2024  provides an overview of the sleep tech devices market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The sleep tech devices market forecast analyzes sleep tech devices market size, sleep tech devices market share, leading competitor and their market positions.

The Table Of Content For The Sleep Tech Devices Market Include:
1. Sleep Tech Devices Market Executive Summary
2. Sleep Tech Devices Market Segments
3. Sleep Tech Devices Market Size And Sleep Tech Devices Market Growth Rate
4. Key Sleep Tech Devices Market Trends
5. Major Sleep Tech Devices Market Drivers
……
25. Key Mergers And Acquisitions In The Sleep Tech Devices Market
26. Top Sleep Tech Devices Companies
27. Sleep Tech Devices Market Opportunities And Strategies
28. Sleep Tech Devices Market, Conclusions And Recommendations
29. Appendix

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