Developers and manufacturers should work together to
augment growth opportunities, finds Frost &
Sullivan
SANTA CLARA, California,
Oct. 12, 2017 /PRNewswire/
-- The current sleep tech market is flooded with devices,
sensors, wearables, and mobile applications that collect sleep data
along with other physiological and lifestyle parameters. However,
from a consumer standpoint, data collection is irrelevant if there
is no action or direction that positively impacts sleep quality.
Consumers today want the "so what" of their sleep and lifestyle
data so they can make better choices and take control of their
health. They would also like sleep solutions to intuitively and
actively respond in real-time to physiological and environmental
parameters, and create a better sleep atmosphere by adjusting air
quality, room sounds, mattress firmness, among other comforts.
Frost & Sullivan's analysis, Digital Health Sleep
Technology Market—Companies-to-Action, 2017, profiles
innovative vendors across diverse domains within sleep technology
to highlight the most recent and successful and high-potential
companies. Global trends, customer needs, growth opportunities,
vendor ecosystems, strategies, and key success factors are also
discussed. Vendor profiles include Beddit, Oura Health, Holi,
Rem-Fit (Protect-A-Bed), Resmed Inc., Sleep Score Labs, Responsive
Surface Technology, LLC, Select Comfort Corporation, Somnoware, and
Nokia (Withings). This research is part of Digital Health
Companies-To-Action Series which cover the following strategic
markets: data analytics, oncology precision medicine, maternal
care, information & communication technologies, and wellness
technologies.
To access more information on this analysis, please visit:
http://frost.ly/1ve.
"Wearable, easy-to-use and affordable health and wellness
devices increase the patient's knowledge level and enhance the
conversations with their physicians, thereby improving consumer
engagement in their health. With increasing awareness of the
importance of sleep in achieving better health, patients want to be
in control of their sleep quality and related activities," said
Digital Health Analyst Natasha
Gulati. "In the future, artificial intelligence
(AI) systems will be the new partner for consumers. Amazon
Alexa's features can become an extended part of the patient
care teams—both as an interface and as a proactive partner focused
on health, wellness, home, diet, lifestyle, and sleep."
A mobile application experience with sleep technology can bring
a range of different approaches and data experiences, based
entirely on a user's preference in how they choose to interact with
their data and insights. The main target for developers and
manufacturers is to broaden their ability to work together as much
as possible. Users actively leverage different applications for
alternative purposes within their own platform experience,
requiring retention of flexible options.
Further strategic imperatives for success and growth in the
dynamic digital health sleep technology market include:
- Providing open platform flexibility, with smartphone or
connected home-based platform integration to accommodate technology
such as AI;
- Improving sleep as a top priority to answer the "so what" of
data collection and what it specifically means to digital
healthcare consumers;
- Integrating sleep device data with provider health IT systems,
such as electronic health records (EHR), to better help
support patient and population health interests as well as new
technologies such as voice and AI to make solutions more intuitive
and engaging;
- Leveraging crowdfunding through platforms such as Kickstarter
and Indie GoGo to improve top- and bottom-line growth and sales
volumes;
- Expanding platforms and integrating various health and home
devices so that meaningful data analytics and actions can be
provided to consumers to enhance their sleep; and
- Improving accuracy and trail work by leveraging
consumer-focused sleep devices/data to encourage uptake.
"The next step to answering the 'so what' for consumers will be
to integrate EHR data, such that sleep data can be used more
comprehensively for health management," noted Gulati. "What
consumers really need are personalized feedback loops that empower
them to make day-to-day and long-term decisions with the visibility
of their impact on sleep and general health."
Digital Health Sleep Technology
Market—Companies-to-Action, 2017 is part of Frost &
Sullivan's Digital Health Growth Partnership Service
program.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in
collaboration with clients to leverage visionary innovation that
addresses the global challenges and related growth opportunities
that will make or break today's market participants. For more than
50 years, we have been developing growth strategies for the global
1000, emerging businesses, the public sector and the investment
community. Contact us: Start the discussion
Digital Health Sleep Technology Market—Companies-to-Action,
2017
MD3F-48
Contact:
Mariana Fernandez
Corporate Communications – North
America
P: +1 (210) 348 1012
E: Mariana.Fernandez@frost.com
http://ww2.frost.com
twitter: @FS_Healthcare
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