The US will dominate the global market for anti-snoring and snoring devices

The US will dominate the global market for anti-snoring and snoring devices

Rockville, Nov. 7, 2022 (GLOBE NEWSWIRE) — The anti-snoring devices and snoring surgery market reached a valuation of $22.92 billion in 2023. Additionally, during the 2022-2032 assessment period, it is expected that growth accelerates at a 7.5% CAGR, reaching $47.23 billion. Obesity-related problems include stroke, type 2 diabetes, heart disease, and certain types of cancer, which are among the leading causes of preventable premature death. In addition, people who suffer from obesity can also suffer from snoring and sleep apnea problems.

Increasing awareness in developed nations regarding the harmful effects of snoring and the huge benefits of treatments, coupled with the increasing number of geriatric and obese people, are the factors that are expected to drive the growth of the market. . Increased consumption of cigarettes and alcohol coupled with technological advances in anti-snoring device design are also likely to fuel market growth.

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The demand for anti-snoring treatments in developing countries is expected to create growth opportunities in this market. Sales have skyrocketed in the wake of the increased incidence of sleep apnea in recent years. Sleep apnea occurs in about 25% of men and nearly 10% of women and can affect people of all ages.

This incidence is especially acute among obese people, particularly those over 50 years of age. Amid the COVID-19 pandemic, anti-snoring devices have seen significant uptake, with studies concluding that patients with obstructive sleep apnea are vulnerable to adverse post-infection outcomes such as obesity, hypertension, and idiopathic pulmonary fibrosis. Increasing incidence of various sleep disorders will stimulate the revenue of the global anti-snoring device market in the coming years.

Key takeaways from the market study

  • According to Fact.MR, a CAGR of 3% was recorded for the anti-snoring devices and snoring surgery market between 2017 and 2022.
  • In fiscal year 2023, the market for anti-snoring devices and snoring surgery reached a valuation of US$22.92 billion
  • The market is likely to post a 6.0% YoY growth rate in 2023
  • By device, the continuous positive airway pressure (CPAP) device segment is expected to dominate the market, documenting a value CAGR of 7.3%.
  • According to projections by Fact.MR, the US market for anti-snoring devices and snoring surgery will likely expand at a CAGR of 7.4%.
  • The anti-snoring device and snoring surgery market in China is expected to expand at a CAGR of 7.3%.

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competitive landscape

Leading players in the anti-snoring device and snoring surgery industry are taking advantage of the growing demand for anti-snoring devices and snoring surgery in various applications. To expand their reach, players rely on collaborations, partnerships, and acquisitions with existing small, medium, and large-scale players. Some notable market developments are as follows:

  • In December 2020, Signifier, a British biotech start-up company, announced the launch of its novel anti-snoring device in the US market. The company intended to reach a funding target of US$100 Bn for it.
  • In July 2020, Fisher & Paykel Healthcare opened its fourth research and manufacturing facility at its Daniell Building in New Zealand. This expansion is expected to help the company continue to develop and deliver leading healthcare solutions associated with sleep disorders.
  • In April 2019, Zyppah received approval from the US FDA to market its oral anti-snoring device in the US. The company received OTC approval for marketing of the device.

Featured Service Players

  • AccuMED Corporation.
  • Apnea Sciences Corporation
  • Fisher & Paykel Health Care
  • GE health
  • ImThera Medical Inc.
  • Medtronic plc.
  • health philips
  • resmed inc.
  • SoBnoMed
  • Tomed Dr. Toussaint GmbH
  • Whole You, Inc.

Key segments covered in the anti-snoring devices and snoring surgery industry survey

  • Anti-Snoring Devices and Device Snoring Surgery:
    • Mandibular Advancement Anti-Snoring Devices (MAD)
    • Tongue Stabilizing Anti-Snoring Device (TSD)
    • Continuous positive airway pressure (CPAP) anti-snoring devices
    • Others (Nasal Belts and Chinstrap, Straps, Rings, etc.)
  • Anti-Snoring Devices and Snoring Surgery by Surgical Procedure:
    • Uvulopalatopharyngoplasty (UPPP) Snoring Surgery
    • Tonsillectomy and Adenoidectomy Snoring Surgery
    • Maxillo-Mandibular Advancement Surgeries and Genloglossus
    • Radio Frequency Ablation (RFA) Snoring Surgery
    • Abutment procedure with palatal implants Snoring surgery

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Analysis and Forecast of Global Anti-Snoring Devices and Snoring Surgery Market by Region

  • North America Anti-Snoring Devices and Snoring Surgery Market Size and Forecast, 2022-2032
  • Germany Anti-Snoring Devices and Snoring Surgery Market Size and Forecast, 2022-2032
  • UK Anti-Snoring Devices and Snoring Surgery Market Size and Forecast, 2022-2032
  • France Anti-Snoring Devices and Snoring Surgery Market Size and Forecast, 2022-2032
  • Spain Anti-snoring Devices and Snoring Surgery Market Size and Forecast, 2022-2032
  • Japan Anti-Snoring Devices and Snoring Surgery Market Size and Forecast, 2022-2032
  • China Anti-Snoring Devices and Snoring Surgery Market Size and Forecast, 2022-2032
  • Malaysia Anti-Snoring Devices and Snoring Surgery Market Size and Forecast, 2022-2032
  • Thailand Anti-Snoring Devices and Snoring Surgery Market Size and Forecast, 2022-2032
  • Australia Anti-Snoring Devices and Snoring Surgery Market Size and Forecast, 2022-2032

More information available

Fact.MR, in its new offering, presents an unbiased analysis of the global Anti-Snoring Devices and Snoring Surgery market, presenting historical analysis from 2017 to 2022, and forecast statistics for the period 2023-2033.

The study reveals essential information on the basis of the device (mandibular advancement anti-snoring devices (MAD), tongue stabilizer anti-snoring device (TSD), continuous positive airway pressure (CPAP) anti-snoring devices and others (nasal and nasal strips). chin) , Straps, Rings, etc.), by surgical procedure (Uvulopalatopharyngoplasty (UPPP) Snoring Surgery, Tonsillectomy and Adenoidectomy Snoring Surgery, Maxillomandibular and Genloglosus Advancement Surgeries, Radiofrequency Ablation (RFA) Snoring Surgery and Abutment Procedure with palatal implants Snoring Surgery), in five major regions (North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa).

Check out more related studies published by Fact.MR Research:

Market for anti-snoring treatmentsAccording to the latest research from Fact.MR, the anti-snoring treatment market will see steady growth during 2021-2031. Demand for anti-snoring treatments is expected to experience a steady recovery in the short term, with an optimistic growth outlook in the long term. The increasing advancement of the snoring treatment device industry will offer lucrative opportunities in the near future.

market for sleep aids Expanding at a CAGR of 5.4%, the global sleep aid market is projected to rise from US$83.1 billion in 2022 to a valuation of US$120 billion in 2030. worldwide sales of sleep apnea devices will increase at a high CAGR of 6% between 2022 and 2030 and will reach USD 35.6 billion by 2030. This can be attributed to the growing awareness of sleep apnea disorder sleep, as well as the high efficiency and efficacy of sleep apnea devices.

Anti-snoring device marketThe increasing prevalence of sleep deficiency is the key factor driving the growth of the anti-snoring device market. The increasing incidence of chronic health problems in newborns due to lack of sleep will also fuel the growth of the anti-snoring device market. Increasing healthcare spending and focus on childcare lead to increasing global anti-snoring device market. The growing awareness of the harmful effects of snoring, the increase in alcohol and tobacco consumption, the increase in disposable income and the development of advanced products.

About Fact.MR

Fact.MR is a market research and consulting agency with extensive experience in emerging market intelligence. Covering a wide range, from automotive and industry 4.0 to healthcare, technology, chemicals and materials, even the most specific categories. We are committed to providing information that helps companies gain a deeper understanding of their target markets. We understand that making sense of the vast maze of data can be overwhelming for businesses. That is why focus on offering information that can really make a difference in the final results.

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