The global contact-free sleep monitoring systems market, valued at USD 98.6 million in 2023, is set to experience significant growth, driven by the rising prevalence of sleep disorders such as insomnia, narcolepsy, and restless legs syndrome. From 2023 to 2033, the market is expected to grow at a compound annual growth rate (CAGR) of 8.1%, reaching USD 214.7 million by the end of the forecast period.
As the demand for smart and non-invasive devices to monitor sleep patterns rises, more individuals are turning to contact-free sleep monitoring systems for better diagnosis and treatment of sleep-related issues. These systems offer convenience and enhanced comfort, making them increasingly popular among users seeking to improve their sleep quality.
Technological advancements in sensors and data analytics are further propelling market growth, providing more accurate and personalized sleep insights. The increasing awareness of sleep health and the adoption of preventive healthcare are also contributing to the market’s expansion.
A Full Report Overview – https://www.futuremarketinsights.com/reports/contact-free-sleep-monitoring-systems-market
Key Takeaways:
- The contact-free sleep monitoring systems market is projected to grow at an 8.1% CAGR, reaching $214.7 million by 2033 from $98.6 million in 2023.
- Rising cases of sleep disorders, including insomnia and narcolepsy, drive the demand for sleep monitoring devices.
- Non-invasive and smart solutions offer improved comfort, enhancing their appeal to consumers.
- Technological advancements in sensor technology and data analytics are boosting market growth.
Role Of Start-ups In Contact-Free Sleep Monitoring Systems Market
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.
- Somnology is a United States-based startup, established in 2015, that manufactures SomnoRing, a sleep monitoring device. It is a medical-grade device that includes motion, pulse oximeter, and heart rate sensors. It tracks oxygen saturation and desaturation index overnight when the user is asleep.
- Founded in 2015, Nukute is a Finnish startup that offers a screening and diagnostics solution for HAST. The startup’s solution includes a neckband with two wireless sensors, a tablet computer, and a cloud application. The sensors record biosignals such as breathing, blood oxygen saturation, heart rate, and sleeping position.
- Established in 2018, Onera, a developer of a wearable sleep monitoring system, offers a disposable patch device that consists of a wireless autonomous sensor and nanoelectronics to measure disturbances in sleep. The platform tracks the data from the device to analyze sleep patterns and diagnose sleep disorders.
- Founded in 2014, Dreem is the platform offering Dreem2, a wearable device developed for tracking and monitoring the sleep quality of the user. The device developed has an EEG sensor that can monitor the brain activity of the user. The analyzed data can be visualized using a companion mobile application integrated with the tracking device. The device also uses a non-invasive sound stimulation technology that influences the user’s brain to remain in deep sleep for a longer time.
Competitive Landscape
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:
- In August 2022, Taiwanese tech startup Cubo Ai introduced a new device to complement its award-winning Cubo Ai Plus Smart Baby Monitor, the AI Sleep Sensor Pad, to further increase the safety of newborn newborns and the peace of mind of parents. Baby’s breathing motions are detected by this new addition. The company displayed its product at CES 2022.
- In January 2022, EarlySense®, the market leader in contact-free continuous monitoring solutions, showcased its InSight+® sensing technology system (an investigational device not yet available for sale), a CES® 2022 Innovation Awards Honoree.
- In June 2021, Infineon Technologies collaborated with Sleepiz AG, a Swiss digital health company. Together, they provide a solution for easy-to-use sleep monitoring at home. The system can be integrated into any connected smart home device ranging from smart speakers to bed lamps. Based on Infineon XENSIV™ 60 GHz radar technology and Sleepiz-proven algorithms the solution is directed at customers that address the broader consumer market.
- In April 2020, SleepScore Labs, the company behind the definitive consumer standard of sleep measurement and improvement, announced the release of its free SleepScore mobile app, which can turn any smartphone into a non-contact, standalone sleep tracker.
Key Players in the Global Market
- SleepScore Labs
- Resmed
- Samsung
- EarlySense Ltd.
Contact-free Sleep Monitoring Systems Market Segmentation
By Component Type:
- System
- Software
By End-user:
- Hospitals
- Long Term Care Centers
- Rehabilitation Centers
- Homecare Settings
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa (MEA)
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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