The sleep monitoring apps global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Sleep Monitoring Apps Market, 2024 The sleep monitoring apps global market report 2024
Market Size –
The sleep monitoring apps market size has grown exponentially in recent years. It will grow from $3.20 billion in 2023 to $3.87 billion in 2024 at a compound annual growth rate (CAGR) of 21.0%. The growth in the historic period can be attributed to the ease of use of sleep monitoring apps, the increase in the adoption rate of sleep monitoring apps, changing lifestyles, growing demand for personalized sleep insights, and growing consumer health consciousness.
The sleep monitoring apps market size is expected to see exponential growth in the next few years. It will grow to $8.33 billion in 2028 at a compound annual growth rate (CAGR) of 21.1%. The growth in the forecast period can be attributed to the ubiquity of smartphones, diversification of sleep monitoring apps, demand for apps that offer comprehensive health management, work-related stress, and a surge in corporate wellness programs. Major trends in the forecast period include integration with wearable devices, the use of advanced sensors, the development of non-invasive sleep monitoring technologies, the incorporation of sleep apnea and snoring detection, and the use of virtual reality (VR) and augmented reality (AR).
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Scope Of Sleep Monitoring Apps Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Sleep Monitoring Apps Market Overview
Market Drivers –
The rising prevalence of sleep disorders is anticipated to drive the growth of the sleep monitor apps market in the future. Sleep disorders are conditions that hinder regular, quality sleep, affecting its quantity, quality, or timing, and can result in excessive daytime sleepiness. The increase in sleep disorders is primarily linked to heightened stress levels, lifestyle changes, and the impact of electronic devices on sleep patterns. Sleep monitor apps aim to alleviate sleep disorders by offering detailed insights, tracking sleep patterns, and providing personalized recommendations to enhance sleep quality and habits. For instance, in November 2023, data published by the National Health Service, a UK-based publicly funded healthcare system, indicated that 64.9% of young people aged 17 to 23 experienced sleep problems three or more times over the previous seven nights in 2023, an increase from 64.0% in 2022. This percentage was consistently higher than that of children aged 8 to 16 in both years. The prevalence among young women decreased from 76.7% in 2022 to 74.7% in 2023, while the figure for young men increased from 52.3% in 2022 to 55.7% in 2023. Consequently, the rising prevalence of sleep disorders is fostering the growth of the sleep monitor apps market.
Market Trends –
Major companies operating in the sleep monitoring apps market are focused on developing innovative audio-based sleep-tracking apps to enhance accuracy and user engagement. Audio-based sleep-tracking apps use a smartphone’s microphone to monitor and analyze sounds during sleep, such as breathing patterns and movements. For instance, in August 2021, Sleep Cycle Inc., a Sweden-based company that provides software solutions, launched the Sleep Cycle app for Wear OS, allowing users to conveniently track their sleep via smartwatches. Although the app uses the phone’s sensors for sleep measurement, the smartwatch acts mainly as a remote interface to control tracking. By leveraging the new Wear OS health services application programming interface (API), the app can automatically detect sleep and manage alarms and tracking on the Galaxy Watch4 and Galaxy Watch4 Classic, enhancing efficiency and accuracy in sleep data.
The sleep monitoring apps market covered in this report is segmented –
1) By Operating System: iPhone Operating System (iOS), Android
2) By Subscription Model: Paid, Monthly, Annually, Free
3) By Application: Sleep Quality Tracking, Heart Rate Tracking, Respiration Rate Tracking
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Regional Insights –
North America was the largest region in the sleep monitoring apps market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sleep monitoring apps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies in the market are Apple Inc., Samsung Electronics Co. Ltd., Xiaomi Corporation, Koninklijke Philips N.V., Garmin Ltd, ResMed Inc, Fitbit LLC, Polar Electro Inc., Headspace Inc., Calm ltd, Runtastic Sleep Better, Oura Health, Beddit Inc., Sleep Cycle Inc., FitSleep Inc., Emfit Inc., Ten Percent Happier, SLUMBER Group, Sleepiest Inc., Pzizz Ltd, Noisli Ltd, Moshi Inc.
Table of Contents
1. Executive Summary
2. Sleep Monitoring Apps Market Report Structure
3. Sleep Monitoring Apps Market Trends And Strategies
4. Sleep Monitoring Apps Market – Macro Economic Scenario
5. Global Sleep Monitoring Apps Market Size and Growth
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32. Global Sleep Monitoring Apps Market Competitive Benchmarking
33. Global Sleep Monitoring Apps Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Sleep Monitoring Apps Market
35. Sleep Monitoring Apps Market Future Outlook and Potential Analysis
36. Appendix
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