The sleep tech devices market will grow at a rate of 14.5% by the end of this decade, and reach USD 49,984.7 million by 2030. The main factors accountable for the growth of the industry are growing prevalence of sleep ailments, budding awareness pertaining to the ill effects of untreated sleep apnea, and increasing use of oral appliances.

The wearable devices had a larger share, on the basis of the product segment. This has a lot to do with their portable nature and cutting-edge microsensors fixed into the devices, continuously monitoring physiological activities of an individual.

Additionally, wearable devices are affordable, as compared to non-wearable sleep-tech instruments.

The larger share in the industry, based on the distribution channel was held by the indirect category in the past. A number of e-market places are global platforms, selling products to a lot of people. Many companies also make use of third-party platforms, which help them in making more profit from selling the products overseas.

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Females are making more use of the sleep-tech devices than men, and thus dominated the industry in the past. This is because of the persistence of sleep issues in females because of hormonal transition, such as pregnancy menopause, and menstruation.

The sleep apnea category will be the fastest growing, on the basis of application. This is because of the increasing levels of stress and health issues such as excess weight and obesity. 

Below 45 years category will be growing the fastest, on the basis of age. This is due to the fact that people of this age group are tech-savvy and consume tech faster than people of other ages. They can quickly grasp new technology and soon become a master of the same.

North America led the sleep tech devices market in the past, as stated by one of the reports by a market research institution, P&S Intelligence. It has a lot to with the factors like a high incidence rate of long-lasting sleep disorders, fast lifestyle, a large proportion of obese people, and increase in the ageing population. 

There is an increasing prevalence of sleep disorders due to fast-paced lifestyle, and that is why there is an increasing requirement for sleep tech devices for treating the disorders.

For example, as per the U.S. Census Bureau, the count of Americans ages 65 or more will increase to more than double in the next two decades, touching 80 million in 2040.

Tec progressions in the portable sleep tech devices, brings about the growth of the industry. For example, Kryo Inc. collaborated with two big league baseball teams: the Seattle Mariners and the Cincinnati Reds.