Fact.MR – A Market Research and Competitive Intelligence Provider: According to a Fact.MR report, the global anti-snoring treatment market would achieve a valuation of US$ 8.6 billion by 2031.
Anti-Snoring Treatment Market to Garner US$ 8.6 Billion by 2031: Comprehensive Research by Fact.MR
The latest research report by Fact.MR provides detailed information on key factors affecting growth in the anti-snoring treatment market. It presents valuable insights on factors facilitating product development in the anti-snoring treatment market. For the purpose of study, the market has been segmented in terms of devices, indication, treatment, distribution channel and region.
Fact.MR – A Market Research and Competitive Intelligence Provider: According to a Fact.MR report, the global anti-snoring treatment market would achieve a valuation of US$ 8.6 billion by 2031. During the projection period 2021-2031, the market is expected to increase at a compound yearly growth rate of 9.07%. The rising number of cigarette smokers, alcoholics, and obese people are all contributing to the growth of the anti-snoring treatment industry.
According to a study conducted by the Centers for Disease Control and Prevention, around 42.4% of age-adjusted instances of obesity were observed among U.S. adults in 2017-2018. Because obesity is one of the leading causes of snoring, the market for anti-snoring treatments is likely to rise in response to the rising prevalence of obesity.
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According to the American Sleep Association, over 50 to 70 million adults in the U.S. are suffering from sleep disorders, out of which 48% of the people have reported snoring. Thus, the rising demand for treatment of snoring is creating lucrative growth opportunity for the anti-snoring treatment market.
Over the forecast period, the anti-snoring treatment market is expected to rise due to increasing technical advancements in anti-snoring treatment devices. For instance, Apnea Sciences Corporation launched a customized mandibular device named SnoreRx, for the treatment of snoring. This, surging demand for such novel devices is estimated to positively impact the market growth.
“Companies operating in the anti-snoring treatment market are focusing on developing non-invasive oral and nasal devices to expand their product portfolio. Besides this, they are using e-commerce as their distribution channel to expand their reach and market share,” says the Fact.MR analyst.
Key Takeaways:
- North America currently leads the global anti-snoring therapy market, with a market share of 28.12% projected in 2021.
- Due to the increased prevalence of obesity and acceptability of sedentary lifestyles in emerging economies, Asia-Pacific is emerging as a lucrative market.
- Due to the enormous pool of untreated persons with snoring conditions in India, the anti-snoring treatment market is predicted to grow at a CAGR of 4.0% over the assessment period.
- By devices, continuous positive airway pressure device is likely to dominate the global market.
Growth Drivers:
- Market growth is likely to be boosted by rising adoption of a sedentary and unhealthy lifestyle that leads to obesity.
- As people become more aware of sleep issues, the demand for anti-snoring treatments will increase.
- The market is expected to rise because to the rising prevalence of obstructive sleep apnea.
- Technological breakthroughs in anti-snoring therapy will propel the industry forward.
Key Restraints
- The lack of efficacy of anti-snoring therapies on the market is limiting market expansion.
- The high cost of anti-snoring devices is deterring people from seeking treatment.
- The anti-snoring treatment industry faces a difficulty due to a lack of acceptable reimbursement regulations.
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Competitive Landscape
Some of the manufacturers and suppliers operating in the anti-snoring treatment market are engaging into strategic agreements to enhance their product portfolio and focusing on receiving regulatory approval for the products. For instance,
- ResMed Inc introduced its new product named "AirTouch N20 CPAP," a nasal mask featured with a memory foam cushion in September 2020.
- In February 2021, Rotech Healthcare announced that they have received approval for their novel product named, “eXciteOSA," from the U.S. Food and Drug Administration.
Some of the key players of Anti-Snoring Treatment include
- Medtronic Plc
- Philips Healthcare
- GlaxoSmithKline Plc
- SomnoMed
- Airway Management
- Inspire Medical Systems Inc.
- Nyxoah SA
- TomedGmBH
- Respicardia Inc.
More Valuable Insights on the Anti-Snoring Treatment Market
Fact.MR offers unbiased analysis of the anti-snoring treatment market. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of:
By Devices
- Oral Appliances
- Mandibular Advancement Devices (MAD)
- Boil and Bite MADs
- Semi-Custom Devices
- Custom Dental MADs
- Tongue Stabilizing Devices (TSD)
- Mandibular Advancement Devices (MAD)
- Nasal Devices
- External Nasal Dilators
- Other Nasal Devices
- Position Control Devices
- Chin Straps
- Continuous Positive Airway Pressure (CPAP) Therapy machine
- Others
By Indication
- Obstructive Sleep apnea
- Central Sleep Apnea
By Treatment
- Diagnosis
- X-ray
- tomography scan or MRI
- Surgery
- Continuous Positive Airway Pressure (CPAP) Therapy
- Uvulopalatopharyngoplasty (UPPP)
- Pillar Procedure
- Somnoplasty
- Radiofrequency Palatoplasty
- Tonsillectomy
- Other Surgical Procedures
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East Africa
Key Questions Covered in the Anti-Snoring Treatment Market Outlook Report
- The report offers insight into anti-snoring treatment demand outlook for 2021-2031
- The market study also highlights projected sales growth for anti-snoring treatment market between 2021 and 2031
- Anti-snoring treatment 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 treatment 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
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