Fact.MR – A Market Research and Competitive Intelligence Provider: As per insights by Fact.MR, the global market for anti-snoring devices and snoring surgery market is estimated to expand at by 2X, totaling US$ 40 Bn by the end of 2031 in comparison to US$ 20 Bn registered in 2020.
At US$ 40 Bn in 2031, Anti-snoring Devices and Snoring Surgery Market will Double its Market Value from 2020
The anti-snoring devices and snoring surgery market study by Fact.MR offers compelling insights into key growth drivers and restraints impacting the market through 2031. The survey offers anti-snoring devices and snoring surgery demand outlook and studies opportunities existing in key segments, including device and surgical procedure. It also highlights key strategies adopted by market players to increase anti-snoring devices and snoring surgery sales.
Fact.MR – A Market Research and Competitive Intelligence Provider: As per insights by Fact.MR, the global market for anti-snoring devices and snoring surgery market is estimated to expand at by 2X, totaling US$ 40 Bn by the end of 2031 in comparison to US$ 20 Bn registered in 2020.
Growing incidence of sleep apnea as a result of sedentary lifestyle and unhealthy eating habits is anticipated to propel the market growth over the forecast period. According to a study, incidence of sleep apnea affects about 25% of men and around 10% of women. Owing to this, the market for anti-snoring devices and snoring surgery is likely to grow at a CAGR of 7.2% over the forecast period 2021-2031.
Similarly, considerable surge in geriatric and obese population will create a conducive environment for growth. Among various surgical procedures, the uvulopalatopharyngoplasty (UPPP) surgery is gaining significant traction, which also accounted for nearly 41% of global revenue in 2020.
The demand will continue to grow especially with the outbreak of the pandemic since COVID-19 patients are more vulnerable to contracting obstructive sleep apnea. Apart from this, improving healthcare infrastructure across the globe are significantly contributing towards the growth of the market.
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The market for anti-snoring devices and snoring surgery in North America is expected to demonstrate rapid growth. Presence of some of the leading manufacturers in the U.S., besides the availability of favorable reimbursement policies in both the U.S. and Canada, has been enabling growth in the market.
Meanwhile, expansion of the healthcare sector will support growth in China.
“Increasing awareness regarding the ill effects of sleep apnea coupled with surging benefits of treatment is driving the anti-snoring devices and snoring surgery market. Besides this, leading manufacturers are focusing on technological innovations to offer novel solutions. This will continue offering lucrative opportunities for growth of the market,” says a Fact.MR analyst.
Key Takeaways from Anti-Snoring Devices and Snoring Surgery Market Survey
- In North America, the U.S. is leading the market for anti-snoring devices and snoring surgery and was valued at US$ 8.3 Bn in 2019.
- The U.K. market is forecast to expand at a CAGR of 7% over the forecast period 2021-2031.
- Driven by increasing snoring problems and presence of key market players, China market for anti-snoring devices and snoring surgery is anticipated to grow at a healthy CAGR over the forthcoming years.
- The global market for anti-snoring devices and snoring surgery exhibited a CAGR of over 3% between 2016 and 2020.
- Based on product, the continuous positive airway pressure (CPAP) devices sub segment is likely to account for 1/3rd of global revenue.
Key Drivers
- Rising incidence of sleep apnea is spurring uptake of anti-snoring devices and snoring surgery market.
- Increasing geriatric and obese population also is supporting the market growth.
Key Restraints
- High cost associated with surgical procedures to cure snoring might hamper the market sales.
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Competitive Landscape
Anti-snoring devices and snoring surgery market manufacturers are increasingly focusing on expansions, acquisitions and new product offerings to increase their market footprint. Besides these, they are highly focused on acquiring certifications from international organizations.
For instance, in 2017, Fisher & Payakel Healthcare announced the launch of F&P SleepStyleTM, a continuous positive airway pressure (CPAP) device used in the treatment of obstructive sleep apnea (OSA).
in 2021, the U.S. Food and Drug Administration (FDA) authorized marketing of a device named eXciteOSA to minimize snoring and mild obstructive sleep apnea in patients 18 years and above.
Some of the leading players operating in the anti-snoring devices and snoring surgery market profiled by Fact.MR are:
- 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, in its new report, offers an unbiased analysis of the global anti-snoring devices and snoring surgery market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on anti-snoring devices and snoring surgery market with detailed segmentation:
- 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
Key Questions Covered in the Anti-Snoring Devices And Snoring Surgery Market Report
- The market survey also highlights projected sales growth for anti-snoring devices and snoring surgery market between 2021 and 2031
- The report offers insight into anti-snoring devices and snoring surgery demand outlook for forecast period 2021-2031
- Anti-snoring devices and snoring surgery market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others
- Anti-snoring devices and snoring surgery market analysis 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
Explore Fact.MR’s Coverage on the Healthcare Domain –
Medical Device Contract Manufacturing Market- To meet the growing demand for medical devices around the world, manufacturers are turning to innovative technology. The drive toward miniaturization has pushed OEMs and contract manufacturers to create small equipment for minimally invasive procedures. These devices are more compact, flexible, cost less, use less power, and are easier to move. Furthermore, robotics and endoscopic techniques are used in minimally invasive operations. In the medical device contract manufacturing industry, 3D printing is developing as a potential technical improvement.
Anti-Snore Device Market- 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- 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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Source: Fact.MR