Contact-Free Sleep Monitoring Systems Market Poised for Rapid Expansion Expected to Reach USD 214.7 Million by 2033 at a 8.1% of CAGR

Contact-Free Sleep Monitoring Systems Market 

The contact-free sleep monitoring systems market is experiencing rapid growth, driven by the increasing prevalence of sleep disorders such as insomnia, Narcolepsy, and Restless Legs. With a projected value of USD 98.6 million in 2023, the market is expected to soar to USD 214.7 million by the end of 2033, reflecting an impressive compound annual growth rate (CAGR) of 8.1% over the forecast period.

The demand for contact-free sleep monitoring systems is fueled by the need for non-invasive and convenient solutions to track and analyze sleep patterns, facilitating early detection and treatment of sleep disorders. As individuals prioritize their overall health and well-being, the market for smart devices for sleep monitoring is witnessing exponential growth and innovation.

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To take advantage of the growing market prospects, major industry players are expected to concentrate on innovation, product development, and strategic alliances. By offering more individualized and efficient sleep analysis, the integration of AI and machine learning into these systems is anticipated to further propel market expansion.

Combating Sleep Disorders: Contact-Free Monitoring Takes Center Stage

The global contact-free sleep monitoring systems market is poised for significant growth, driven by the rising incidence of sleep disorders like insomnia, narcolepsy, and restless legs syndrome. These conditions disrupt sleep patterns and negatively impact overall health. As awareness about sleep health increases, individuals are turning to smart devices for monitoring their sleep and seeking treatment options.

Market Growth Fueled by Growing Health Concerns

The market is expected to register a steady CAGR of 8.1% over the next decade. This growth is attributed to several factors:

• Increased Sleep Disorder Prevalence: The growing number of people experiencing sleep disorders creates a larger potential user base for contact-free sleep monitoring systems.
• Convenience and Comfort: These non-intrusive monitoring systems provide a comfortable and convenient way to track sleep patterns without disrupting sleep itself.
• Data-Driven Insights: Contact-free sleep monitors offer valuable data on sleep quality, duration, and sleep stages, empowering individuals to understand their sleep patterns and make informed lifestyle changes.

Key Takeaways:

• The global contact-free sleep monitoring systems market is estimated to reach US$214.7 million by 2033, reflecting a rise from US$98.6 million in 2023.
• This growth is projected at a consistent compound annual growth rate (CAGR) of 8.1% throughout the forecast period.
• The increasing prevalence of sleep disorders and growing consumer interest in sleep health are key drivers for market expansion.

Competitive Landscape:

A few of the major players in the worldwide market for contact-free sleep monitoring systems are Sense, Samsung, Resmed, SleepScore Labs, and EarlySense Ltd.

The market is extremely competitive as a result of the large number of participants. Although a number of global competitors, including Samsung, Resmed, SleepScore Labs, EarlySense Ltd., and Sense, make up a sizeable portion of the market, a number of regional firms are also active in important growing areas, mostly 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.

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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)

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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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