| Product Code: ETC8635280 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Nigeria saw a diverse range of sleep tracking devices being imported, with top exporting countries being China, Metropolitan France, India, Belgium, and the USA. The market remained fragmented with low concentration, indicating a competitive landscape. However, the industry experienced a significant decline in growth, with a CAGR of -24.27% from 2020 to 2024 and a sharp growth rate decrease of -33.6% from 2023 to 2024. This trend suggests a challenging market environment for sleep tracking device imports in Nigeria.
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1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Sleep Tracking Devices Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Sleep Tracking Devices Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Sleep Tracking Devices Market - Industry Life Cycle |
3.4 Nigeria Sleep Tracking Devices Market - Porter's Five Forces |
3.5 Nigeria Sleep Tracking Devices Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Nigeria Sleep Tracking Devices Market Revenues & Volume Share, By Operating System, 2021 & 2031F |
4 Nigeria Sleep Tracking Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the importance of quality sleep for overall health and well-being |
4.2.2 Growing adoption of wearable technology and smart devices in Nigeria |
4.2.3 Rising prevalence of sleep disorders and the need for monitoring and managing sleep patterns |
4.3 Market Restraints |
4.3.1 High cost associated with sleep tracking devices may limit adoption in lower-income segments |
4.3.2 Limited availability of advanced healthcare infrastructure in certain regions of Nigeria |
4.3.3 Concerns over data privacy and security related to sleep tracking data |
5 Nigeria Sleep Tracking Devices Market Trends |
6 Nigeria Sleep Tracking Devices Market, By Types |
6.1 Nigeria Sleep Tracking Devices Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Sleep Tracking Devices Market Revenues & Volume, By Component, 2021- 2031F |
6.1.3 Nigeria Sleep Tracking Devices Market Revenues & Volume, By Hardware, 2021- 2031F |
6.1.4 Nigeria Sleep Tracking Devices Market Revenues & Volume, By Software, 2021- 2031F |
6.1.5 Nigeria Sleep Tracking Devices Market Revenues & Volume, By Solutions, 2021- 2031F |
6.2 Nigeria Sleep Tracking Devices Market, By Operating System |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Sleep Tracking Devices Market Revenues & Volume, By Android, 2021- 2031F |
6.2.3 Nigeria Sleep Tracking Devices Market Revenues & Volume, By IOS, 2021- 2031F |
7 Nigeria Sleep Tracking Devices Market Import-Export Trade Statistics |
7.1 Nigeria Sleep Tracking Devices Market Export to Major Countries |
7.2 Nigeria Sleep Tracking Devices Market Imports from Major Countries |
8 Nigeria Sleep Tracking Devices Market Key Performance Indicators |
8.1 Average daily usage time of sleep tracking devices |
8.2 Number of active users engaging with sleep tracking app features |
8.3 Percentage increase in the number of healthcare providers recommending sleep tracking devices |
9 Nigeria Sleep Tracking Devices Market - Opportunity Assessment |
9.1 Nigeria Sleep Tracking Devices Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Nigeria Sleep Tracking Devices Market Opportunity Assessment, By Operating System, 2021 & 2031F |
10 Nigeria Sleep Tracking Devices Market - Competitive Landscape |
10.1 Nigeria Sleep Tracking Devices Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Sleep Tracking Devices Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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