The invention discloses a device for monitoring and managing sleep quality and promoting sleep. The device comprises a hand monitoring unit and a pillow monitoring unit. The hand monitoring unit evaluates the specific sleeping condition of a monitored person and starts a corresponding preset hand perceptual mode by acquiring and analyzing the pulse information, the heart rate information, the motion information, the oxyhemoglobin saturation information, the regular exercise amount and the sleeping posture information of the monitored person, the temperature information of the environment where the monitored person is located, and the brightness information of the sleeping environment. The pillow monitoring unit acquires all the information of the monitored person, and starts a corresponding preset pillow vibration mode. The device has the advantages of being capable of promoting sleep, precise in data, safe, environment-friendly, multifunctional, small, portable and the like. The device can conduct multi-dimensional monitoring on multiple indexes like sleep quality, exercise amount and basal metabolic rate, can dynamically and intelligently conduct individualized guidance and management on sleeping plans according to sleeping parameters acquired through previous multi-dimensional monitoring, and can be applied to the normal sleep population, the insomnia population, the sleep apnea-syndrome population and the population with a snoring history but not diagnosed as sleep apnea-syndrome yet.