More than a third of Americans don’t get recommended amount of sleep, putting themselves at risk of many chronic diseases and conditions such as heart diseases, type 2 diabetes, obesity and depression, states Center for Disease Control and Prevention (CDC). Further, the 2018 poll conducted by National Sleep Foundation (NSF) found that staggeringly 90% of American adults don’t prioritize their sleep, giving more priority to fitness/nutrition, work and hobbies. Sleep technology companies have paid heed to both the research and consumers’ growing awareness of the healthy sleep habits and importance of a good night’s sleep.
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Technology has increasingly become a prevalent way for consumers to tackle the problem, as such, rapid growth in sleep devices market is being witnessed. Besides, rising adoption of smartphones has contributed immensely to sleep devices market growth, and the market has substantially expanded beyond apps to incorporate smart alarm clocks, designated wearables and fitness trackers.
These actionable insights are according to the report titled, “Global Market Study on Sleep Aid Devices: Rise in Awareness about Sleep Related Disorders Fueling Revenue Growth,” which has been lately incorporated in Market Research Reports Search Engine’s (MRRSE) ever-expanding repository.In line with most trending areas in technology, startups are locking horns against the established companies in the sleep technology landscape. An e-commerce company, Casper is dealing on innovative foam mattress, while another company Helix Sleep is providing a customizable product.Various government and non-government organizations such as National Sleep Foundation (NSF), American Sleep Apnea Association and Circadian Sleep Disorders have been conducting awareness programs and encouraging consumers to use sleep aid devices.
The report offers a robust analysis on the Sleep devices market with quantitative and qualitative analysis. Further, the report offers a clear picture with respect to dynamics of Sleep devices market, including drivers, trends, opportunities, and restraints. These aspects are indispensable and possess potency to impact the growth of the Sleep devices market. Besides, the report delves into the segregation of the Sleep devices market to provide a robust picture of Sleep devices market.The report incorporates exhaustive executive summary followed by market introduction section. The report also presents lucid picture of through market overview and market analysis. The market background section focuses on value chain analysis and macro-economic factors. The report also encompasses mergers and acquisitions along with technological advancements that have significant influence in the development of the Sleep devices market. The report also incorporates market structure analysis which throws light on market share analysis of leading players coupled market presence analysis of market players.
The report also includes competitive scenario of the Sleep devices market, including competition intensity mapping with respect to market taxonomy; competition dashboard and company profiles. The section, based on Porters’ Five Force Analysis, also sheds light on financials overview, strategies, product portfolio and recent developments.Validation of the information in the report is done through primary sources, including in-person interactions, surveys, view of seasoned analyst, interviews and in-person interactions and insights of analyst coupled with secondary sources incorporating trade journals, verified paid sources, resourceful databases and trade journals. Absolute dollar opportunity analysis has also formed basis for the robust analysis of the report.
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