Industry Background:
Anti-Snoring Devices are devices that can help to alleviate snoring effectively. Anti-snoring mouthpieces are an effective solution for snorers. Rising awareness of the negative effects of snoring and the significant benefits of treatments, as well as an increase in the number of geriatric and obese people, are likely to drive market expansion. Growing cigarette and alcohol consumption, as well as technological advancements in anti-snoring device design, are expected to fuel market expansion. The lack of efficacy and scientific validation of anti-snoring devices, as well as the expensive cost of oral appliances for tailored use, may limit the market's expansion. The rising demand for antisnoring medications in emerging countries is likely to propel this market forward.
According to AMA Research, the market for Anti-snoring Devices and Snoring Surgery is expected to register a CAGR of 7.3% during the forecast period to 2028. This growth is primarily driven by Rising Awareness in Developed Countries About the Ill Effects of Snoring and Benefits of Associated Treatments
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Medical Devices sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as ResMed (United States), Sleeping Well, LLC(United States), Apnea Sciences Corporation (United States), Tomed Dr. Toussaint GmbH (Germany), Sleep Well Enjoy Life, Ltd. (United Kingdom), MeditasLtd. (United Kingdom), GlaxoSmithKline, plc (United Kingdom), Fisher & Paykel Healthcare (New Zealand), Innovative Health Technologies (United States) and Airway Management, Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2020, Fisher & Paykel Healthcare opens its fourth research and manufacturing facility in New Zealand's Daniel Building. This expansion is expected to help the company continue to develop and deliver leading medical solutions related to sleep disorders.
February 2020 – FDA Authorizes Marketing of Novel Device to Reduce Snoring and Mild Obstructive Sleep Apnea in Patients 18 Years and Older and September 2020 – ResMed announced the launch of its AirTouch N20 nasal mask, the company's first CPAP nasal mask with a memory foam cushion and the softest nasal mask everThe anti-snoring market is majorly fragmented and consists of several major players. Major players are trying various technological advancements and product innovation techniques to gain a competitive advantage in the market.
Influencing Trend:
Improving Healthcare Systems in Emerging Markets
Market Growth Drivers:
Rising Awareness in Developed Countries About the Ill Effects of Snoring and Benefits of Associated Treatments and Rising Geriatric and Obese Population
Challenges:
Poor Efficacy and Lack of Scientific Validation
Restraints:
High Cost of Custom-Made Oral Appliances
Opportunities:
Rising Research and Development Activities and Growth Opportunities in Untapped Market
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Anti-snoring Devices and Snoring Surgery Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Anti-snoring Devices and Snoring Surgery Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Anti-snoring Devices and Snoring Surgery players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Anti-snoring Devices and Snoring Surgery Study Sheds Light on
The Anti-snoring Devices and Snoring Surgery Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Anti-snoring Devices and Snoring Surgery industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Anti-snoring Devices and Snoring Surgery industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.