Anti-Snoring Devices & Snoring Surgery Market Worth $2.65 Billion By 2030
Anti-Snoring Devices and Snoring Surgery Industry Overview
The global anti-snoring devices and snoring surgery market size was valued at USD 1.42 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 7.2% over the forecast period. Increasing incidence of obesity, the launch of technologically advanced products, strategic activities by key market players, and easy availability of products through online and offline channels are major factors contributing to the growth of this market. The COVID-19 pandemic had a slight negative impact on the market. This is because, while many studies concluded that patients with obstructive sleep apnea are vulnerable to adverse post-infection outcomes, such as obesity, hypertension, and idiopathic pulmonary fibrosis, which resulted in a higher number of people being aware and opting for treatment.
However, on the other side, the pandemic led to a fall in sales of anti-snoring devices. The fall in sales can be attributed to a reduced number of elective surgeries being carried out. Moreover, severe disruption in the supply chain due to the lockdowns and restrictions, which focused on only necessary movements being carried out. The pandemic also resulted in fewer hospital visits by the patients. All of this led to a slightly negative impact on the market. However, the market began to recover in 2021 with the opening up of economies and governments coming up with better initiatives to control the spread of the virus as well as its consequences.
Gather more insights about the market drivers, restraints and growth of the Global Anti-Snoring Devices and Snoring Surgery Market
Moreover, the launch and regulatory approvals of new products in the last 2 years have further added to the recovery and have helped the market grow significantly. Moreover, increasing technological advancement is leading to a drastic shift and leading a larger number of customers moving toward E-commerce. The availability of a wide number of devices on the e-commerce sites will further support the growth of the market over the forecast period. The rise in the incidence of obesity has become one of the major concerns, globally. For instance, according to the CDC, the U.S. obesity prevalence between the years 2017 and 2020 was 41.9%.
It also states that the prevalence of severe obesity increased from 4.7% between 1999-2000 to 9.2% through 2017-2020. Factors, such as a sedentary lifestyle, increasing consumption of alcohol and smoking, and consumption of unhealthy & processed foods are leading to a rise in the number of individuals with obesity problems. Obesity-related problems include stroke, type 2 diabetes, heart disease, and certain types of cancers, which are among the leading cause of premature preventable death. In addition, people suffering from obesity may also suffer from snoring issues and sleep apnea.
Browse through Grand View Research's Medical Devices Industry Related Reports
- Cuffless Blood Pressure Monitor Market - The global cuffless blood pressure monitor market size was valued at USD 585.5 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 10.9% from 2023 to 2030.
- Transplantation Market - The global transplantation market size was estimated at USD 15.0 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 9.3% from 2023 to 2030.
Anti-snoring Devices & Snoring Surgery Market Segmentation
Grand View Research has segmented the global anti-snoring devices and snoring surgery market based on type and region:
Anti-snoring Devices & Snoring Surgery Type Outlook (Revenue in USD Million, 2017 - 2030)
- Oral Appliances/Mouthpieces
- Nasal Devices
- Position Control Devices
- Chin Straps
- Tongue Stabilizing Devices
- EPAP Therapy Devices
Anti-snoring Devices & Snoring Surgery Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- MEA (Middle East & Africa)
Market Share Insights:
- April 2020: Apnea Sciences introduced New SnoreRx Plus. In addition, many small players in the market are also focusing on getting regulatory approvals, which is also expected to accelerate the market growth.
- February 2021: Signifier Medical Technologies, LLC., received an FDA approval for the marketing of a novel device to reduce snoring and mild obstructive sleep apnea in patients aged 18 years and older.
Key Companies profiled:
The following are some of the major players operating in the global anti-snoring devices and snoring surgery market are:
- Apnea Sciences Corp.
- SomnoMed Ltd.
- Airway Management, Inc.
- ResMed Inc.
- Fisher & Paykel Healthcare Corp. Ltd.
- Koninklijke Philips NV
- Sleep Well Enjoy Life, Ltd.
- Tomed Dr. Toussaint GmbH
- MEDiTAS Ltd.
Order a free sample PDF of the Anti-Snoring Devices And Snoring Surgery Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Comments
Post a Comment