How much is the sleep market worth?

Globally, the “sleep economy,” which includes everything from beds and pillows to medical devices, rings in at a whopping $432 billion a year.

How much money does the sleep industry make?

In 2019, the global sleep economy was valued at about 432 billion U.S. dollars. This industry was forecast to be worth 585 billion U.S. dollars by 2024. The sleep economy is made up of products, services, and applications connected to sleeping.

How large is the insomnia market in the US?

USD 4.24 Billion
[144 Pages Report] The U.S. insomnia market is projected to reach USD 4.24 Billion by 2021 from USD 3.38 Billion in 2016, at a CAGR of 4.6% during the forecast period. In this report, the U.S. insomnia market is segmented on the basis of type of treatment….Scope of the Report.

Particular	Scope
Revenue Currency	USD

What is sleep tech devices?

Sleep tech devices, such as sleep trackers, are recommended by healthcare professionals working in specialist clinics to boost mental health in individuals. The segment is also likely to rise as people become more aware of sleep therapy sessions.

How big is the sleep industry?

Sleep market size and growth: Marketdata estimates that the U.S. sleep market was worth $30.6 billion in 2019, up 3.0% from the prior year. The market barely inched up 0.1% in value, to $30.7 billion in 2020, but the total market is forecast to grow 4.8% this year, to a value of $32.1 billion.

How big is the sleep aid industry?

The global market for sleep aids totaled $54.9 billion in 2013. This market is estimated to grow at a compound annual growth rate (CAGR) of 5.6% to reach $58.5 billion in 2014 and $76.7 billion by 2019.

What is the sleep industry called?

sleep-health industry
In the world of sleep, business is booming: according to a 2017 McKinsey report, the sleep-health industry – anything from bedding and sound control to sleep consultants and prescription sleep aids – “is collectively estimated to be worth between $30bn and $40bn and has historically grown by more than 8% a year, with …

How big is the mattress market?

How big is the mattress market? b. The global mattress market size was estimated at USD 29.29 billion in 2019 and is expected to reach USD 31.21 billion in 2020.

What is global insomnia?

The global insomnia market was valued at $4.3 billion in 2020, and is projected to reach $6.3 billion by 2030, growing at a CAGR of 3.9% from 2021 to 2030. Insomnia is a common sleep disorder that can make it hard to fall asleep, hard to stay asleep, or cause to wake up too early and not be able to get back to sleep.

What are the latest innovations in sleep technology?

Sound Asleep Pillow Enter – the South Asleep Pillow, which while being comfortable, has inbuilt speakers that you can connect to your Bluetooth device to play gentle sounds only you can hear when your head is pressed down on it. A single charge can last for up to hours, perfect for a good night’s sleep.

What is sleep economy?

In 2019, market researchers pegged the size of the global sleep economy—comprising products, services and applications connected to sleeping—at about $432 billion. The figure is forecast to grow to $585 billion by 2024, according to Statista.

How many Americans suffer from no sleep?

In America, 70% of adults report that they obtain insufficient sleep at least one night a month, and 11% report insufficient sleep every night. It is estimated that sleep-related problems affect 50 to 70 million Americans of all ages and socioeconomic classes.

Is the mattress industry growing?

The global mattress market size was estimated at USD 29.29 billion in 2019 and is expected to reach USD 31.21 billion in 2020. What is the mattress market growth? b. The global mattress market is expected to grow at a compound annual growth rate of 6.7% from 2019 to 2025 to reach USD 43.22 billion by 2025.

What mattress is sold the most?

Looking at the global mattress market, innerspring mattresses are the most sold type of beds, accounting for about 80% of mattress sales. However, according to most market research reports, innerspring beds also have the lowest satisfactory ratings.

What are the 5 types of insomnia?

5 Types of insomnia include:

• Acute insomnia. Acute insomnia is the most common type of insomnia.
• Chronic insomnia. Insomnia is usually a transient or short-term condition.
• Onset insomnia. Onset insomnia includes trouble initiating sleep.
• Maintenance insomnia.
• Behavioral insomnia of childhood.

What is a sleep Pebble?

The Zeez Sleep Pebble is a small under-the-pillow sleep device that mimics the brainwaves of a good sleeper to prompt a good sleep pattern in poor sleepers. The Zeez pulses are extremely low power, cannot cross the skull to directly affect the brain and there is no sound, or vibration.

How does sleep affect the economy?

Sleep deprivation is linked to lower productivity at work, which results in a significant amount of working days being lost each year. On an annual basis, the U.S. loses an equivalent of around 1.2 million working days due to insufficient sleep.

Why is sleeping so fun?

Your sympathetic nervous system chills out. During sleep, your sympathetic nervous system – which controls your fight or flight response – gets a chance to relax. Studies have shown that when we’re deprived of sleep, sympathetic nervous system activity increases, which is also mirrored by an increase in blood pressure.

What is the market size of the sleep aids market?

The global sleep aids market size is predicted to be worth USD 97.31 billion by 2027 from USD 71.63 billion in 2022, registering a CAGR of 6.32% during the forecast period. Sleep aids are mainly to help people who are suffering from sleeping disorders.

What are some of the top companies in the sleep tracking market?

Some of the prominent companies operating in the market include Beddit (Apple Inc.), Casper Sleep Inc., Dodow (LIVLAB), Dreem, Eight Sleep, Emfit Ltd., Fitbit Inc. (Google LLC), Koninklijke Philips N.V., Oura Health Ltd., ResMed Inc., Sleep Shepherd LLC, Sleepace, Withings, and Xiaomi.

What is the CAGR of the sleep tech devices market?

Wearables sleep tech devices market will register a CAGR of over 17% through 2027 due to advantages like portability and advanced micro-sensors allowing continuous monitoring of body activity. What was the size of insomnia segment across sleep tech devices market in 2020?

Who are the key players operating in the global sleep aids market?

Some of the key players operating in the global sleep aids market are Koninklijke Philips N.V., Merck & Co., Sanofi, eVilbiss Healthcare LLC., Pfizer Inc., SleepMed Inc., Cadwell Laboratories Inc., Compumedics Limited, Natus Medical Incorporated, and GlaxoSmithKline plc.