Fact.MR – A Market Research and Competitive Intelligence Provider: The global anti-snoring devices and snoring surgery market is expected to expand at a 7.2% CAGR, reaching US$ 40 Bn by 2031.
Nearly 33% of Anti-Snoring Devices and Snoring Surgery Revenues to be Generated by CPAP Devices
Fact.MR’s latest market analysis on the global anti-snoring devices and snoring surgery market offers compelling insights into various segments including device and surgical procedures across seven regions. The report also covers crucial factors impacting sales, such as trends, drivers, opportunities, and growth strategies adopted by market players.
Fact.MR – A Market Research and Competitive Intelligence Provider: The global anti-snoring devices and snoring surgery market is expected to expand at a 7.2% CAGR, reaching US$ 40 Bn by 2031. Rising incidence of sleep apnea in the geriatric population is underpinning demand for effective solutions, which is expected to drive sales in the market.
Sleep apnea is a common disorder in the geriatric population and individuals leading a sedentary lifestyle. As per a study by Case School of Medicine, the University of Cleveland, sleep apnea affects nearly 2-9% of adults. This disorder is often underdiagnosed or misdiagnosed in symptomatic patients. This has resulted in the growth of anti-snoring devices and snoring surgery market.
Untreated obstructive sleep apnea (OSA) leads to long-term side effects, including heart failure, obesity, idiopathic pulmonary fibrosis, arterial fibrillation, and hypertension. Sleep disruption and intermittent nocturnal hypoxia caused by this disorder also increase the risk of nonalcoholic fatty liver disease.
As awareness about such disorders continues to grow, sales in the market are anticipated to witness an uptick in the forthcoming years. In addition to this, increasing consumption of alcohol and tobacco, and rising awareness regarding the importance of sleep and its effect on mental health are expected to create growth opportunities for the market.
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As per Fact.MR, the U.K. is expected to emerge as a lucrative pocket, expanding at a 7% CAGR through 2031. Growth is attributable to increasing adoption of continuous positive airway pressure (CPAP), along with rising investments in the healthcare sector and sleep awareness initiatives.
"Fast-tracked product approvals from regulatory authorities such as the U.S. Food and Drug Administration (FDA) are expected to bode well for the market. Besides this, increasing research and development in collaboration with medical research institutes to develop technologically advanced and effective solutions will continue pushing sales in the market," says a Fact.MR analyst.
Key Takeaways:
- Based on device, CPAP devices are expected to account for 1/3rd of total sales over the forecast period.
- In terms of surgical procedures, demand for uvulopalatopharyngoplasty (UPPP) snoring surgery is anticipated to remain high, accounting 41% of revenue share.
- The U.S. will continue dominating the North America market owing to increasing adoption of technologically advanced equipment in the healthcare sector.
- Demand in the U.K. is expected to increase at a steady pace as awareness regarding sleep disorders induced by alcohol consumption continues to rise.
- China is projected to hold approximately 50% of the East Asia market over the assessment period.
Growth Drivers:
- Product developments in medical equipment used in snoring surgery procedures are expected to boost the market.
- Availability of anti-snoring devices at online retail channels will propel sales in the market.
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Competitive Landscape
Leading players operating in the anti-snoring devices and snoring surgery market are investing in research and development to improve product offerings. Besides this, players are investing in mergers, acquisitions, and collaborations to gain a competitive edge in the market.
For instance, in July 2020, Fisher & Paykel Healthcare opened a new manufacturing and research facility in New Zealand. The facility expansion will enable the company to offer new products and devices for aiding sleep disorder treatment.
Key Players in the Anti-snoring Devices and Snoring Surgery Market Include:
- Fisher & Paykel Healthcare Limited
- Koninklijke Philips NV
- ResMed
- ASF Medical GmbH (Tomed GmbH)
- Apnea Sciences
More Valuable Insights on Anti-snoring Devices and Snoring Surgery Market
Fact.MR provides an unbiased analysis of the anti-snoring devices and snoring surgery market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global anti-snoring devices and snoring surgery market with a detailed segmentation on the basis of:
Device:
- Mandibular Advancement Anti-Snoring Devices (MAD)
- Tongue Stabilizing Anti-Snoring Device (TSD)
- Continuous Positive Airway Pressure (CPAP) Anti-Snoring Devices
- Others (Nasal and Chin Strips, Straps, Rings, etc.)
Surgical Procedure:
- Uvulopalatopharyngoplasty (UPPP) Snoring Surgery
- Tonsillectomy and Adenoidectomy Snoring Surgery
- Maxillo-Mandibular and Genloglossus Advancement Surgeries
- Radiofrequency Ablation (RFA) Snoring Surgery
- Pillar Procedure with Palatal Implants Snoring Surgery
Regions:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
Key Questions Covered in Anti-snoring Devices and Snoring Surgery Market Report
- The report offers insight into the anti-snoring devices and snoring surgery market demand outlook for 2021-2031.
- The market study also highlights projected sales growth for anti-snoring devices and snoring surgery market between 2021 and 2031.
- Anti-snoring devices and snoring surgery market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry.
- Anti-snoring devices and snoring surgery market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others.
Explore Fact.MR’s Coverage on the Healthcare Domain –
Anti-Snoring Treatment Market Insights - Anti-snoring treatment demand is expected to improve steadily in the short term, with a positive long-term growth prognosis. In the near future, the rapid advancement in the snoring treatment devices sector will provide attractive chances. Anti-snoring therapy demand continues to rise in response to end-user desire for sophisticated, safe, and effective snoring treatment. The leading players are concentrating their efforts on research in order to discover and innovate effective treatments that will meet client demand. By therapy type, Continuous Positive Airway Pressure (CPAP) Therapy continues to lead the anti-snoring treatment market.
Anti-Snore Device Market Forecast - The increased prevalence of sleep deprivation is a major element propelling the anti-snore device industry forward. The rising prevalence of chronic health problems in newborns as a result of a lack of sleep will fuel the rise of the anti-snore device industry. The global anti-snore device market is growing due to rising healthcare spending and a focus on child care. Higher awareness of the negative consequences of snoring, increased consumption of alcohol and cigarettes, rising disposable income, and the development of advanced goods are just a few of the major drivers that will propel the anti-snore device market forward in the future years.
Self-care Medical Devices Market Scope - Rising prevalence of chronic and lifestyle diseases like cardiovascular disease (CVD) and diabetes, as well as rising consumer health awareness, has resulted an increase in demand for devices that can continually assess patients' physical well-being. Consumer knowledge of the benefits of self-care medical devices and the advantages of keeping a regular eye on health anomalies is growing all over the world. These gadgets have seen a substantial increase in sales as they help to significantly reduce the chances of developing any severe disease.
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