Towards Healthcare
Wearable Sleep Trackers Market Captures USD 40.83 Bn by 2034

Wearable Sleep Trackers Market Growth, Opportunities and Segment Analysis

Market insights predict, the wearable sleep trackers industry is expected to grow from USD 14.9 billion in 2024 to USD 40.83 billion by 2034, driven by a CAGR of 10.84%.  North America led the market, driven by factors like rising earning status, robust healthcare infrastructure, and increasing cases of sleep disorders.

Category: Medical Devices Insight Code: 5652 Format: PDF / PPT / Excel

Rohan Patil

Principal Consultant

Aditi Shivarkar

Reviewed By

The global wearable sleep trackers market size is calculated at USD 14.9 in 2024, grew to USD 16.52 billion in 2025, and is projected to reach around USD 40.83 billion by 2034. The market is expanding at a CAGR of 10.84% between 2025 and 2034. In 2024.

Wearable Sleep Trackers Market Size 2024 - 2034

Key Takeaways

  • By 2024, the wearable sleep trackers market will likely exceed USD 14.9 billion.
  • Valuation is projected to hit USD 40.83 billion by 2034.
  • Estimated to grow at a CAGR of 10.84% starting from 2025 to 2034.
  • North America dominated the market by capturing the largest share 44% in 2024.
  • Asia Pacific is expected to witness the fastest CAGR of growth during the predicted timeframe.
  • By product, the watches segment dominated the market in 2024.
  • By product, the bands segment is predicted to grow at a significant CAGR in the forecast period.
  • By application, the insomnia segment held the largest share of the market in 2024.
  • By application, the sleep apnea segment is expected to grow at a significant CAGR over the projected period.

Key Metrics and Overview

Metric Details
Market Size in 2025 USD 16.52 Billion
Projected Market Size in 2034 USD 40.83 Billion
CAGR (2025 - 2034) 10.84%
Leading Region North America share by 44%
Market Segmentation By Product, By Application, By Region
Top Key Players ResMed, Garmin Ltd., Fitbit, Apple Inc., Koninklijke Philips N.V., Huawei Device Co., Ltd., Xiaomi, Fossil Inc, Ōura Health Oy., Zepp Health Corporation Ltd.

Market Overview

The wearable sleep trackers market generally includes devices such as wristbands or smartwatches, which assist in the maintenance of sleep patterns, as well as period, quality, and sleep stages. Generally, they contain accelerometers that support following motion, in addition to possessing sensors for heart rate, breathing, and other physiological data. Furthermore, AI-aided tools help in adjusting sleep schedules, improving sleep hygiene, or suggesting lifestyle changes.

  • In November 2024, Oura, a leader in smart ring makers, partnered with medical device maker Dexcom to unite the data from glucose biosensors with the Oura Ring, which assists in sleep tracking, heart rate, and activity. (Source - FIERCEHEALTHCARE)
  • In January 2024, Samsung Electronics boosted its dignified Health Software Development Kit (SDK) program, intending to provide a wide range of tools for wellness of the health and promote healthcare innovation via partnerships. (Source - SAMSUNG NEWSROOM)

What is the Role of AI in the Wearable Sleep Trackers Market?

AI-based algorithms are emerging in the analysis of data from wearable devices, like heart rate, breathing patterns, and movement, to identify sleep stages, determine sleep apnea, and provide applicable guidance to enhance sleep quality. However, AI has a vital role in the market as it improves the sleep tracking accuracy, delivering personalized awareness, and allowing early recognition of sleep disorders. AI-powered wearable devices can be used in workouts, nutrition, sleep improvement, and stress management, which raises the overall user experience.

Market Dynamics

Driver

Elevating the Occurrence of Sleep Disorders

During the present age, the number of individuals with sleep disorders such as insomnia, sleep apnea, and restless legs syndrome is impelling the growth of the market. However, the wearable sleep trackers are enabling a suitable and non-intrusive method to track sleep and diagnose probable disorders related to sleep. Moreover, rising awareness about sleep health, sleep disorders is also leading to the employment of wearable trackers, which enhances the demand, influencing on growth of the wearable sleep trackers market.

Restraint

Growing Concerns About Data Privacy and High Cost

 Nowadays, users are concerned about data security and the possible misuse of their personal sleep data, which has been assembled by these wearable devices. In a health and fitness app, there have been several cases of data violations that occurred, which have highly influenced user trust. Furthermore, majorly in developing markets, the high cost of these trackers, particularly advanced devices, generates hurdles for customers.

Opportunity

Enhanced Technological Evolution and Integration

Highly sophisticated wearable sleep trackers have emerging features including heart rate variability (HRV) tracking, sleep stage tracking, and personalized sleep guidance. Also, integration of sleep monitoring, aided by health and fitness trackers, can generate a comprehensive view of user health. For such opportunities, demand for this device is enhanced, which shows results in the growth of the wearable sleep trackers market.

Segmental Insights

The Watches Segment Led the Market

By product, the watches segment dominated the market in 2024. Smartwatches are widely used, due to their significant features like thorough sleep tracking, besides other health standards, prominent for their multitasking and easy accessibility, as per industry reports. Due to rising demand for smartwatches, it is highly involved in the growth of the wearable sleep trackers market.

The Bands Segment: Significantly Growing

By product, the bands segment is predicted to grow at a significant CAGR in the forecast period. In wearable sleep trackers, bands are easy to use, restful, and reasonable criteria are resulting in the significant growth of the wearable sleep trackers market. Moreover, it is possible to monitor sleep patterns and to determine probable triggers, assisting in insomnia for the diagnosis and treatment. Also, bands can be employed in tracking of breath and detection of other criteria interfering with sleep apnea.

The Insomnia Segment Held the Major Share

By application, the insomnia segment held the largest share of the market in 2024. One of the sleep disorders is having struggles falling asleep, termed as insomnia, which is generally affected due to a busy routine and stress in developing nations, which need wearable sleep trackers, resulting in the growth of the market. By using these devices, able to track sleep patterns, determination of sleep disruptions, and possibly enhance the quality of sleep.

The Sleep Apnea: Significantly Growing

By application, the sleep apnea segment is expected to grow at a significant CAGR over the projected period. The condition in which an individual suffers from a discontinuation or pause in breathing is called apnea. Sleep apnea (OSA) is a leading factor influencing the demand for these trackers. Trackers can monitor their sleep patterns alongside the detection of possible apnea episodes.

Regional Insights

Wearable Sleep Trackers Market Share, By Region, 2024 (%)

Why Did North America Hold the Dominance In 2024?

North America dominated the market by capturing the largest share by 44% in 2024. Various factors are contributing, like increasing earnings status, a robust health and wellness culture, and a rising occurrence of sleep disorders such as insomnia and sleep apnea. However, growing advanced developments in healthcare infrastructure and integration of technologies are also impacting the growth of the wearable sleep trackers market.

The U.S. Wearable Sleep Trackers Market Trends

In the U.S, there is a rise in the number of sleep disorders instances, including insomnia, sleep apnea, attributed to the usage of wearable sleep trackers, leading to the growth of the market as well. Also, the detrimental effects of sleep disorders are raising awareness over the U.S population, which has led to the demand for wearable sleep trackers to keep monitoring sleep patterns, and identification of prospective concerns.

The Canada Wearable Sleep Trackers Market Trends

The market in Canada is propelled by the increasing demand for health and fitness monitoring, the rising frequency of sleep disorders, and the reasonable and multitasking characteristics of wearable sleep trackers. In addition, fitness trackers and smartwatches are in high demand as they are highly affordable and easy to access for a broad range of consumers.

Asia Pacific is expected to witness the fastest CAGR of growth during the predicted timeframe. The vigorous growth of the market is generally fueled by the accelerating prevalence of sleep disorders, increasing acquisition of wearable health technologies, and encouragement by the government to elevate digital health solutions.

The China Wearable Sleep Trackers Market Trends

In China, speedy developments in urban areas with boosting the earning status of consumers, are mainly impacting the market as they are contributing to financial investments in health and wellness technological advances. Furthermore, the influential market position of some local companies, such as Huawei and Xiaomi, is playing a crucial role in market growth, fueled by the provision of inventive and well-liked wearable sleep trackers.

The Japan Wearable Sleep Trackers Market Trends

The Japan culture has been emphasizing principles like precision and data, producing the sleep trackers for monitoring sleep patterns and detecting judgements about sleep health, which is driving the growth of the market. Moreover, AI-powered technologies are empowering health analytics as they provide the accuracy and services of sleep trackers.

Technological Advancements for Sophisticated Sensors Are Driving the Europe

Europe is expected to grow at a significant CAGR in the upcoming period. Predominantly, Europe has approached technological advancements for the integration of highly sophisticated sensors in wearable trackers, which is prompting highly accurate and complete sleep tracking data. Over and above, the accelerating prevalence of sleep concerns like insomnia and apnea is driving the demand for wearable sleep trackers, which boosts the growth of the wearable sleep trackers market.

The UK Wearable Sleep Trackers Market Trends

The UK market is influenced by several factors, including growing occurrences of sleep issues, rising sleep health awareness, and adoption of technological advancements, etc. Besides, effective collaboration between healthcare professionals, technology developers, and academic institutions is provoking innovation and securing the efficacy of sleep technology solutions.

The Germany Wearable Sleep Trackers Market Trends

In Germany, most cases are rising with sleep disorders are rising, and to overcome this, sleep health awareness has been raised. As well as emerging technologies in sensor technology, AI-based perceptions, and personalized sleep guidance characteristics are driving the market growth.

Top Companies in the Wearable Sleep Trackers Market

Oncology Companion Diagnostic Market Companies

Latest Announcements by Industry Leaders in the Wearable Sleep Trackers Market

  • In May 2025, Whoop had an announcement about two wearable devices, Whoop 5.0 and Whoop MG, which have sleek hardware, with a prolonged battery life, and include in-app health features. Whoop founder and CEO Will Ahmed said that they have invested all the acquired things over the last decades and generated a platform to assist their members perform and live at their top. (Source - CNBC)
  • In January 2025, Pison®, the pioneer in AI-based neural sensors for intellectual health, wellness, and motion control, announced fair investment from Samsung Venture Investment Corporation (Samsung Ventures). John Croteau, CEO of Pison, replied that they are privileged by acquiring this investment, which helps to provide important resources to raise a transformative solution with a substantial impact on society. (Source - businesswire)

Recent Developments in the Wearable Sleep Trackers Market

  • In May 2024, Huawei launched the Watch Fit 3 wearable in the global market, alongside an Apple Watch-like design. (Source - HC NEWSROOM)
  • In July 2024, Samsung launched the first massive technology is a smart ring, at its Galaxy Unpacked as a latest addition to its ecosystem, which is supercharged with AI. (Source - BBC)
  • In September 2024, Pebble, a local wearable brand, launched a new smart ring, Iris, in India, which is gentle stainless steel and has numerous features. (Source - THE TIMES OF INDIA)

Segments Covered in the Report

By Product

  • Watches
  • Bands
  • Earbuds
  • Others

By Application

  • Insomnia
  • Sleep Apnea
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Sweden
    • Denmark
    • Norway
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa (MEA)
    • South Africa
    • UAE
    • Saudi Arabia
    • Kuwait
  • Last Updated: 28 May 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

Meet the Team

Rohan Patil is a market research expert with 5+ years of experience in healthcare, specializing in market dynamics, emerging trends, and technology-driven innovations to guide data-driven decisions for healthcare organizations.

Learn more about Rohan Patil

Aditi Shivarkar, with over 14 years of experience in consumer goods, leads research at Towards Consumer Goods, ensuring precise, actionable insights on trends, consumer preferences, and sustainable packaging for businesses.

Learn more about Aditi Shivarkar

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FAQ's

Sleep tracker, the device has the potential to monitor sleep patterns and is advantageous in the diagnosis of sleep disorders.

Various types of sleep trackers are watches, bracelets, rings, chest straps, masks, and headbands.

NIH.GOV, PIB, CDC.GOV, U.S FDA