GLOBAL SLEEP APP MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The sleep monitoring app market has witnessed significant growth in the recent past owing to the growing prevalence of sleep disorders across the globe. Sleep apps help track various sleep patterns and metrics such as sleep duration, sleep cycles, heart rate during sleep, and others by using the smartphone or wearable devices. They provide insights about sleep quality and help to identify sleep issues which the conventional methods fail to determine. The sleep monitoring app has several functions such as monitoring sleep cycle, reminding, alarm and goal setting. The availability of affordable wearable devices integrated with sleep tracking features has further augmented the adoption of sleep monitoring apps. Moreover, rising health awareness among consumers and focus on preventive healthcare is expected to propel the demand for such apps in the near future.

Market Dynamics:

Global sleep monitoring app market is driven by the rising prevalence of sleep disorders coupled with growing awareness about sleep tracking. According to the Sleep Health Foundation, over 30% of adults suffer from insomnia every year globally. Sleep apps help to diagnose and manage various sleep conditions effectively thereby fueling their demand. Furthermore, the increasing penetration of smartphones and smartwatches integrated with sleep tracking features is expected to boost the market growth during the forecast period. However, accuracy issues with sleep data recorded through smartphone apps and concerns regarding data privacy can hamper the market potential to a certain extent. On the other hand, ongoing advancements in sensor technology, integration of artificial intelligence (AI) features for sleep analysis and growing popularity of wearables present numerous opportunities for market players in the near future.

Key features of the study:

• This report provides an in-depth analysis of the global sleep app market, and provides market size (US$ Mn) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global sleep app market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
• The key companies covered as a part of this study include Sleep Cycle, Sleep As Android, Pillow, Sleep Better, Sleep Genius, Timeshifter, Calm, Sleep Stories, Relax Melodies, Noisli and other prominent players
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global sleep app market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global sleep app market

Detailed Segmentation:

• By Device Type
  • Wearable Devices
  • Non-wearable Devices
• By Features
  • Basic Sleep Tracking
  • Sleep Staging
  • Heart Rate Monitoring
  • Respiratory Monitoring
  • Others (Advanced Analytics and Others)
• By Age Group
  • Adults
  • Geriatric
• By End Users
  • Hospitals
  • Sleep Centers
  • Home Care Settings
  • Diagnostic Laboratories
• By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Top Companies in the Global Sleep App Market
• • Sleep Cycle
  • Sleep As Android
  • Pillow
  • Sleep Better
  • Sleep Genius
  • Timeshifter
  • Calm
  • Sleep Stories
  • Relax Melodies
  • Noisli
  • Other Prominent Players