May 20, 2021
According to the business intelligence report titled ‘Anti-Snoring Treatment Market Size By Devices (Mandible Advancement Devices, Tongue Stabilizing Devices, Nasal Devices, Continuous Positive Airway Pressure Devices, Chin Straps), By Distribution Channel (Hospitals, Clinics, Retail Pharmacies, E-commerce), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with Market Study Report, global anti-snoring treatment market is speculated to grow lucratively between 2021-2027.
Rising consumption of alcohol and cigarette smoking due to changing lifestyles has bolstered obesity rate among the populace which will spur global anti-snoring treatment market expansion. Moreover, rising geriatric populace, and increasing occurrence of sleep disorders will facilitate industry growth as well.
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While availability of variety of anti-snoring devices along with surging demand in emerging and developed countries will drive market proliferation, dearth of reimbursement policies and high cost of devices will act as challenges for global anti-snoring treatment market between 2021-2027.
Based on device type, the business sphere is bifurcated into mandible advancement devices, nasal devices, chin straps, continuous positive airway pressure (CPAP), tongue stabilizing devices, and others. Among these, tongue stabilizing devices segment is anticipated to expand at an annual rate of 8.5% over the forecast duration, as the device is cost-effective and provides non-invasive & simple solution.
Moving on to distribution channel, global anti-snoring treatment market is divided into clinics, hospitals, e-commerce, and retail pharmacies among others. The report cites that clinics segment captured 17% of the industry share in 2020, due to easy availability of low-cost devices.
From the regional frame of reference, North America anti-snoring treatment industry is projected to grow substantially between 2021-2027, with the U.S. market being worth USD 1.8 billion in 2020. Rising awareness about anti-snoring devices, along with increasing obese population are key factors which will contribute to this expansion.
Meanwhile, Latin-America market is speculated to grow rapidly through 2027, owing to presence of leading companies in the region, entry of new players, and availability of affordable & comfortable anti-snoring devices.
Key players shaping worldwide anti-snoring treatment industry trends are Koninklijke Philips N.V, Airway Management Inc., SomnoMed Ltd., ResMed, GlaxoSmithKline plc, Sleep Science Partners Inc., Apnea Sciences Corporation, Tomed GmbH, Vyaire Medical Inc., The Pure Sleep Company, Theravent (Foundation Consumer Healthcare LLC), Meditas Ltd., and Fisher & Paykel Healthcare Corporation Limited.