Anti-snoring Device Market
Number of pages: 100 | Report Format: PDF | Published date: May 05, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
|
Report Attribute |
Details |
|
Market Size Value in 2022 |
US$ 1.48 billion |
|
Revenue Forecast in 2031 |
US$ 2.88 billion |
|
CAGR |
7.67% |
|
Base Year for Estimation |
2022 |
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Forecast Period |
2023 to 2031 |
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Historical Year |
2021 |
|
Segments Covered |
Product Type, End User, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global anti-snoring device market was valued at US$ 1.48 billion in 2022 and is expected to register a revenue CAGR of 7.67% to reach US$ 2.88 billion by 2031.
Anti-snoring Device Market Fundamentals
Anti-snoring devices are designed to reduce or eliminate snoring, a common sleep disorder that can disrupt sleep and negatively impact overall health and well-being. These devices work by either keeping the airway open or changing the position of the jaw or tongue to prevent airway obstruction. Anti-snoring devices address the underlying causes of snoring, such as sleep apnea, nasal congestion, or poor sleep posture. Anti-snoring devices can be purchased over the counter or prescribed by a healthcare provider, depending on the severity of the condition. They are available in various forms, including nasal strips and dilators, oral appliances, continuous positive airway pressure (CPAP) machines, and anti-snoring pillows.
The global anti-snoring device industry analysis report comprehensively analyzes the market, with the factors that either aid or impede the market growth, such as its drivers, restraints, and opportunities. The research provides insight into the companies that operate in the anti-snoring device market and their efforts to position themselves as key players through expansion strategies and innovations. It also highlights recent developments that contribute to the anti-snoring device market growth. The research also analyzes the impact of the COVID-19 pandemic.
This research is valuable for businesses seeking insights into the market, customers, and competition. The research provides special insights into the segmentation, regions, market size & projection, revenue CAGRs, and other important information that may help clients make the right decisions. The report assembles data from market players and professionals across the industrial value chain. The study also incorporates qualitative and quantitative assessments from industry professionals. Secondary research, surveys and interviews, and statistical modeling are all used in our research to estimate market size and projection. Our reports deliver the most reliable market data because of our specialized research methods.
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Anti-snoring Device Market Dynamics
The growing prevalence of sleep apnea and snoring, major sleep disorders affecting a significant portion of the global population, is driving the demand for global anti-snoring devices. Furthermore, increasing awareness of the health risks associated with sleep apnea and the growing availability of diagnostic tools are driving the demand for anti-snoring devices. Moreover, technological advancements have led to the development of innovative anti-snoring devices, such as wearable devices and apps that monitor sleep patterns and provide feedback on snoring behavior.
Additionally, competition from low-cost alternatives, limited efficacy of devices, and limited awareness and availability are some of the restraints impeding the overall anti-snoring devices market growth.
Anti-snoring Device Market Ecosystem
Anti-snoring Device Market, by Product
Anti-snoring Device Market, by End User
Anti-snoring Device Market by Product
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The oral devices segment dominated the market with the largest revenue share in 2022, attributed to the increasing awareness of sleep disorders and the effectiveness of these devices in treating snoring and mild to moderate obstructive sleep apnea. Oral or mandibular advancement devices (MADs) are designed to treat snoring and obstructive sleep apnea by repositioning the lower jaw and tongue to keep the airway open during sleep. These devices are custom-made or adjustable and are worn in the mouth during sleep, like a mouthguard. They work by pulling the lower jaw and tongue forward, preventing the collapse of the airway and reducing the vibration that causes snoring. Oral devices are also more comfortable for many individuals, as they do not require a mask or tubing and allow for more natural movement during sleep.
The market segmentation sections provide the anti-snoring device market outlook in terms of the demarcation of different consumer groups. Market segmentation is the split of an industry into subgroups depending on characteristics such as product type and end user. Market segmentation data helps organizations understand the preferences and distinctive demands of different customer groups and implement targeted marketing strategies. This data additionally helps in identifying potential anti-snoring device market demand opportunities.
Anti-snoring Device Market by Region
North America dominated the global anti-snoring devices market with the largest revenue share in 2022. The region is characterized by a large patient pool suffering from sleep apnea and snoring disorders, increasing awareness about the potential health risks associated with these conditions and growing demand for effective treatment options. Moreover, the rising awareness of the potential health risks associated with sleep apnea and snoring disorders, such as cardiovascular diseases, hypertension, and diabetes, is expected to boost the demand for anti-snoring devices in the region. The growing adoption of home sleep apnea testing (HSAT) and the availability of advanced diagnostic tools for sleep apnea and snoring disorders are also expected to contribute to the growth of the anti-snoring devices market in North America.
Based on the regions, the global anti-snoring device market is segmented into:
The industry's regional segmentation provides insights into geographic pockets in terms of anti-snoring device industry trends, market size, share, and growth rate. This information helps organizations assess potential growth opportunities in new regional markets, understand competitive threats, and develop localized sales and expansion strategies. This section also offers deeper insights into the regional and country-level anti-snoring device market overview.
Key Components of the Report
Anti-snoring Device Market Competitive Landscape
The market competitive landscape analysis is performed by gathering and evaluating data about the key competitors, industry trends, and market dynamics. It involves collecting and analyzing data on factors such as products, pricing, geographic reach, customer demographics, marketing tactics, and recent developments. Competitive landscape analysis can help organizations identify present or prospective opportunities and risks in the market.
Anti-snoring Device Market Strategic Developments
Reasons To Buy This Report
Key Strengths of Our Report
Target Audience to Benefit from this Report.
Anti-snoring devices are designed to reduce or eliminate snoring, a common sleep disorder that can disrupt sleep and negatively impact overall health and well-being.
The global anti-snoring device market was valued at US$ 1.48 billion in 2022.
North American region will have the largest anti-snoring device market size during the forecast period from 2023 to 2031.
The revenue CAGR of the anti-snoring device market during the forecast period will be 7.67% from 2023 to 2031.
Increasing awareness and diagnosis of sleep apnea is the most prominent localized temperature therapy products industry trend.
The high development costs and competition from low-cost alternatives are some key challenges hampering the growth of the global anti-snoring device market.
The rising demand for non-invasive treatments and technological advancements are growth opportunities in the global anti-snoring device market.
Some prominent players in the anti-snoring device market are Fisher & Paykel Healthcare Limited, Koninklijke Philips NV, Tomed GmbH, MEDiTAS Ltd., GSK Plc, and Rotech Healthcare Inc.
The oral devices segment has the highest share in the global anti-snoring device market.
*Insights on financial performance are subject to the availability of information in the public domain