Huawei Consumer Business Group announced the launch of next-generation smart wearable devices for smart and healthy living. The products include HUAWEI Mate Xs 2, HUAWEI WATCH GT 3Pro, HUAWEI WATCH FIT 2, HUAWEI Brand 7, HUAWEI WATCH D, and HUAWEI S-TAG. These smartwatches have cutting-edge features like health alerts, sleep induction warnings, medicine reminders, and information on activity intensity.
Samsung Malaysia Electronics announced the launch of their new device Galaxy Fit2. It is used for monitoring the workout session and sleep quality. The Samsung Health app gives the user a Sleep Score in the morning that details how well they slept throughout the night and includes a thorough analysis.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 4760
Published Date: Mar 29, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The growing prevalence of sleep disorders and the increasing geriatric population are some of the major factors anticipated to drive the growth of the sleep tech devices market.
The market is anticipated to attain a CAGR of 17% over the forecast period, i.e., 2023-2035.
The major players in the market are Xiamoi Inc., Masimo, Fitbit Inc., Apple, Inc., Nihon Kohden Corporation, Compumedics Limited, Garmin Ltd. and others.
The insomnia segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in North America is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.