Anti-Snoring Device Market:
Growth Opportunities in the anti-snoring device market look promising over the next six years. This is mainly due to the increase in geriatric or aged and obese population, growing awareness in developed economies related to the harmful effects of regular snoring, technological advancements, and elevated alcohol consumption among the population. Anti-snoring devices improve the reduction in the blocked passage.
Request for a FREE Sample Report on Anti-Snoring Device Market
Anti-Snoring Device Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The key factors strengthening the anti-snoring device market size include technological improvements and design moderation in anti-snoring devices, increasing alcohol consumption among the population, rise in aged or geriatric and overweight population, growing awareness concerned with the injurious effects of chronic snoring, budding awareness about the baleful effects of regular snoring and treatments and aids related to diagnosing.
Chronic snoring, if left untreated, has adverse effects such as brain stroke, hypertension, cardiac atrial fibrillation, a condition known as sleep apnea, interventional coronary artery disease, and others. Currently, anti-snoring surgery and anti-snoring devices are the only two options available for the treatment of chronic snoring. These methods help to curb snoring and improves sleep quality. The substitutes for anti-snoring devices include radiofrequency ablation surgery, Uvulopalatopharyngoplasty, tonsillectomy, adenoidectomy surgery, anti-snoring surgery, and maxillo-mandibular surgeries.
However, the ineffectiveness of current anti-snoring devices available in the market and the unconventional availability of treatments for chronic snoring are major factors hampering the market growth.
Product Type Drivers
On the basis of product type, nasal devices are expected to dominate the market during 2019–2026. Chin straps is expected to expand at the highest growth rate in the market over the forecast period owing to the rising adoption rate of the device specially among healthcare professionals and patients because of its characteristics like non-invasiveness, among others.
Based on Region, North America enfolds the maximum revenue share of the anti-snoring devices market due to factors like increasing cases of chronic snoring, higher adoption of anti-snoring devices, and improved healthcare infrastructure. North America and Europe collectively held three-fourth of total revenue in the global market.
On the other hand, the Asia Pacific is projected to witness the highest CAGR owing to factors like increasing patient pool, high contagious diseases prevalence, and growing awareness related to anti-snoring devices and their benefits. The blooming opportunities in the developing economies of Asia-Pacific and LAMEA and existence of huge untreated population base are expected to provide opportunities for market growth over the forecast period.
To Know More About Anti-Snoring Device Market
Anti-Snoring Device Market’s leading Manufacturers:
- Meditas Ltd.
- GSK plc
- Medtronic plc.
- Airway Management Inc.
- Apnea Sciences Corporation
- Fisher and Paykel Healthcare
- Tomed Dr.
- Somnomed Ltd.
- Sleeping Well LLC
Anti-Snoring Device Market Segmentation:
Segmentation by Product Type:
- Oral Appliances
- Nasal Devices
- Position Control Devices
- Chin Straps
- Tongue Stabilizing Devices
Segmentation by Distribution Channel:
- Online Stores
- Retail Pharmacies
Segmentation by Region:
- North America
- United States of America
- Asia Pacific
- Rest of APAC
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company’s large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird’s eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland