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Sleep Tech Devices Market Value Could Exceed $31 Billion By 2026
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PALM BEACH, Fla., Feb. 23, 2021 /PRNewswire/ -- Changing lifestyle, consumption of junk food and lack of exercise have disturbed the normal metabolism of an individual's body ultimately increasing the prevalence of sleeping disorders such as obstructive sleep apnea, narcolepsy, insomnia, etc. Thus, there has been an increase in the demand for sleep tech devices that enhances the sleep activity in individuals suffering from sleep-related disorders. Technological advancements in sleep tech devices will prove beneficial for industry growth. Innovations introduced within these sleep devices have enhanced the comfort levels in individuals suffering from chronic disorders. Currently available sleep devices effectively monitor and provide overall analysis that enables people to optimize their sleep patterns. Hence, growing availability of advanced sleep tech wearables and devices for treating sleep diseases will escalate the industry growth. Reports have continually expressed an increase in revenues for the sleep Tech devices markets over the past few years. At the end of 2019, a report from Global Markets Insights said that Sleep Tech Devices Market Value To Reach $27 Billion By 2025 With A CAGR Of 16% "propelled by favorable demographic trends coupled with rising awareness regarding availability of advanced sleep tech devices." An updated report 1 year later, predicted an increase saying that: "the market valuation of sleep tech devices will cross $32 billion by 2026. Rising awareness regarding availability of sleep tech devices in developed and developing countries will elevate the market growth during the forecast period." Active companies in the markets this week include
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ASID names CEO, The Novogratz has a new president, and more ASID names CEO, The Novogratz has a new president, and more
Business of Home’s February roundup of new hires in design, manufacturing, media and more.
TO THE TRADE
Lynchburg, Virginia–based leather company Moore & Giles has promoted
Adam Shurr to the position of director of marketing, where he will lead the team and oversee strategies.
St. Augustine, Florida–based home furnishings manufacturer Brown Jordan Inc. has named
Bernie Guerin as its new chief financial officer. Guerin comes to the role with more than 30 years of business finance experience, most recently having served as COO and CFO at environmental services and waste management provider Clean Earth Inc. At Brown Jordan, he will oversee the company’s financial strategies and manage its outdoor living and contract furnishings divisions.
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