The global mattress market is anticipated to be worth $43.43 billion, while the sleep aid market is expected to reach $79.85 billion annually by 2022.
FREMONT, CA: According to research, nearly 70 million people in the U.S. suffer from some form of sleep disorder. It is a massive health crisis that is associated with a broad range of adverse health effects, from increased risk of cancer and diabetes to death from secondary events such as automobile accidents. Helping people get sufficient quality nightly rest has the potential to augment public health as well as save billions of dollars in healthcare expenses.
The Big Data Approach
As with most other areas of scientific study, the key to progression is data. In the case of sleep studies, it means having access to the sleep tracking information. The instance is when many business’ products come into the picture. A particular firm’s AI-driven sleep tracking technology is at the center of various commercially available sleep tracking devices, comprising wearables. These tools, with the use of the technology, send telemetry and user information back to the enterprise that has a database containing information of over a million nights of sleep.
Sleep pattern data is not just restricted to academic studies, but it also informs the newest mattress designs, most of which feature built-in sleep-tracking technologies. By bringing together particular user sleep pattern data and comparing it to the conclusions drawn from the existing databases, most companies have started offering mattresses. These mattresses are competent to react in real-time to user movements, sleep cycles, and temperatures. Additionally, they also change firmness and other properties to create the ideal sleep environment.
A Valuable Market
There are apparent societal benefits to the enhancements that big data and machine learning make to the collective sleep patterns, but there is also a high financial windfall at stake. The global mattress market is anticipated to be worth $43.43 billion, while the sleep aid market is expected to reach $79.85 billion annually by 2022. Businesses that can leverage these nascent technologies to develop goods that support a good night’s sleep may come to dominate both of the markets.
Furthermore, scientists have begun to work their way through sleep information, and they are optimistic that it will yield the required breakthrough in the near term. Therefore, one might soon wake up after a good night’s relaxing sleep and may have to thank the computer for the same.
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