Tuesday, February 6, 2024

Anti-Snoring Devices Market Overview 2024-2033 – Competitive Landscape and Strategies

The Anti-Snoring Devices Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Anti-Snoring Devices Global Market Report 2024, The anti-snoring devices market size has grown strongly in recent years. It will grow from $1.67 billion in 2023 to $1.82 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The  growth in the historic period can be attributed to increased awareness of sleep disorders, health risks associated with snoring, aging population and snoring prevalence, impact on quality of sleep, non-invasive and over-the-counter options.

The anti-snoring devices market size is expected to see strong growth in the next few years. It will grow to $2.61 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to rising focus on sleep health, increasing lifestyle-related factors, advancements in design and comfort, online retail and e-commerce growth, customized and personalized solutions. Major trends in the forecast period include application of neuromodulation technologies, integration of biofeedback mechanisms, focus on comfort and user experience, collaboration with sleep clinics and professionals, expansion of retail channels and e-commerce.

The increasing prevalence of obesity is expected to propel the growth of the anti-snoring devices market going forward. Obesity refers to weight gain that is abnormal or excessive and poses a health risk. Anti-snoring devices like mouthpieces assist obese people to control snoring by moving the jaw forward and preventing the tongue from slipping back and obstructing the airway. For instance, according to the World Obesity Federation, a United Nations agency, around 770 million adults worldwide were obese in 2020, and that number is expected to rise to over one billion by 2030. Therefore, the increasing prevalence of obesity is driving the growth of the anti-snoring devices market.

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The anti-snoring devices market covered in this report is segmented –
1) By Product Type: Mandibular Advancement Devices (MADS), Tongue Retaining Devices (TRD), Nasal Dilator, Chin Strap, Position Control, Pillow, Tongue Stabilizing Device (TSD), Expiratory Positive Airway Pressure (EPAP)
2) By Surgical Procedure: Uvulopalatopharyngoplasty (UP3), Laser-Assisted Uvula Palatoplasty (LAUP), Radiofrequency Ablation (RFA), Sclerotherapy, Pillar, Other Surgical Procedures
3) By Gender: Men, Women
4) By Age Group: Between 40 And 59 Years, 60 And Above Years, Below 40 Years
5) By End User: Hospitals, Community Healthcare, Sleep Clinics, Home Healthcare, Other End Users

Product innovation is a key trend gaining popularity in the anti-snoring devices market. Companies operating in the anti-snoring market are innovating their products to sustain their position in the market. For instance, in February 2021, Signifier Medical Technologies LLC, a UK-based medical technology company, launched the eXciteOSA daytime therapy to treat patients 18 years of age and older for mild obstructive sleep apnea and snoring. This is the first gadget designed to increase tongue muscle function while the patient is awake. This will help prevent the tongue from falling backward and blocking the airway while the patient is sleeping.

The anti-snoring devices market report table of contents includes:
1. Executive Summary

2. Anti-Snoring Devices Market Characteristics

3. Anti-Snoring Devices Market Trends And Strategies

4. Anti-Snoring Devices Market - Macro Economic Scenario

5. Global Anti-Snoring Devices Market Size and Growth
.
31. Global Anti-Snoring Devices Market Competitive Benchmarking

32. Global Anti-Snoring Devices Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Anti-Snoring Devices Market

34. Anti-Snoring Devices Market Future Outlook and Potential Analysis

35. Appendix


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