Anti-Snoring Device Market to Hit US$ 2.88 Billion by 2031, Says Growth Plus Reports
Newark, New Castle, USA, July 06, 2023 (GLOBE NEWSWIRE) -- The market analysis of the global *anti-snoring device market* was conducted by Growth Plus Reports in 2022 and is valued at *US$ 1.48 billion*. The market is expected to hit a revenue *CAGR of 7.67%* to reach *US$ 2.88 billion** by 2031.*
Analysis of the global market for anti-snoring devices indicates that the revenue share is likely to increase significantly during the forecast period. Snoring is a frequent sleep condition that can interrupt sleep and have a detrimental influence on general health and well-being. Anti-snoring devices are made to lessen or eradicate snoring.
*Key Takeaways: *
· The increasing number of patients with sleep apnea and other sleep disorders is driving the market revenue share.
· The growing availability of diagnostic tools is driving the market demand.
· The demand for wearable devices and sleep monitoring apps is increasing the market revenue growth rapidly.
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* Anti-snoring Device Market Scope*
*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
Forecast Period 2023 to 2031
Historical Year 2021
Segments Covered Product Type, End User, and Region
Regional Scope North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
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*Recent Development in the Anti-snoring Device Market: *
· In July 2022, A novel mandibular advancement device was launched by Glidewell, a leader in dental education and technology development in restorative dentistry, called the Silent Nite Sleep Appliance with Glidewell Hinge. This device is a development of the Silent Nite brand, which dentists have been using since 1996 to treat OSA and snoring.
· In March 2022, A new anti-snoring device (ASD) was released by Illusion Aligners, a company renowned for providing ground-breaking technologies to the dental industry. This Illusion Aligners oral snoring device is comfortable, easy to use, and effective. You may be able to sleep soundly and restfully every night with its assistance.
*Competitive Landscape*
A list of the top-most companies operating in the global market for anti-snoring devices includes:
· Fisher & Paykel Healthcare Limited.
· Koninklijke Philips NV
· Apnea Sciences Corporation
· SomnoMed Ltd.
· Airway Management, Inc.
*Market Drivers and Restraints: *
The global anti-snoring device market revenue is driven by the prevalence of sleep disorders such as sleep apnea, poor sleeping posture, and snoring. Furthermore, the availability of novel diagnostic tools and the demand for cutting-edge technology in healthcare is boosting the market demand and market revenue for the global anti-snoring device market.
However, due to the low-cost alternatives, limited awareness, and availability, the anti-snoring device market revenue growth is expected to be restrained.
*Market Segmentation: *
· Based on products, the global anti-snoring device market is segmented into oral devices, nasal devices, chin strips, position control devices, and Expiratory Positive Airway Pressure (EPAP).
· Based on end users, the global anti-snoring device market is segmented into hospitals, sleep product clinics, and home care.
Segmentation By Products
Based on the products, the oral devices segment dominates the global anti-snoring device market with the largest revenue share. This sizable share of revenue is attributed to awareness of the effectiveness of these devices. Furthermore, the custom-made adjustments and prevention of the collapse of the airway are expanding the market revenue growth.
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Regional Growth Dynamics
Based on the region, North America, with the largest revenue share, dominates the global anti-snoring device market. This large share of revenue is attributed to the large patient footfall, the growing need for better treatment options, and knowledge of the possible health concerns connected with these diseases.
*Report Coverage *
Global market research on the anti-snoring device market was done in-depth by Growth Plus Reports. We looked at the core market traits, noteworthy investment prospects, regional growth trends, ten-year revenue projections, rival market participants, and mergers and acquisitions.
Table of Content
1. *INTRODUCTION*
1. Market Ecosystem
2. Timeline Under Consideration
1. Historical Years – 2021
2. Base Year – 2022
3. Forecast Years – 2023 to 2031
3. Currency Used in the Report
2. *RESEARCH METHODOLOGY *
1. Research Approach
2. Data Collection Methodology
3. Data Sources
1. Secondary Sources
2. Primary Sources
4. Market Estimation Approach
1. Bottom Up
2. Top Down
5. Market Forecasting Model
6. Limitations and Assumptions
3. *PREMIUM INSIGHTS*
1. Current Market Trends (COVID-19 Perspective)
2. Key Players & Competitive Positioning (2022)
3. Regulatory Landscape
4. *MARKET DYNAMICS*
1. Drivers
2. Restraints/Challenges
3. Opportunities
5. *GLOBAL ANTI-SNORING DEVICE MARKET- ANALYSIS & FORECAST, BY PRODUCT*
1. Oral Devices
2. Nasal Devices
3. Chin Strips
4. Position Control Devices
5. Expiratory Positive Airway Pressure (EPAP)
6. *GLOBAL ANTI-SNORING DEVICE MARKET- ANALYSIS & FORECAST, BY END USER*
1. Hospitals
2. Sleep Clinics
3. Homecare
*ANTI-SNORING DEVICE MARKET TOC*
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· Winning imperatives
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