Global Anti Snoring Devices Market Size, Share, and COVID-19 Impact Analysis, By Type (oral appliances, nasal devices, position control devices, chin straps, tongue stabilizing devices, and EPAP therapy devices), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030Industry: Healthcare
Global Anti Snoring Devices Market Insights Forecasts to 2030
- The Anti Snoring Devices Market was valued at USD 1.80 Billion in 2021.
- The Market is growing at a CAGR of 7.5% from 2022 to 2030
- The Worldwide Anti Snoring Devices Market is expected to reach USD 3.25 Billion by 2030
- Asia Pacific is expected to grow the fastest during the forecast period
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The Global Anti Snoring Devices Market is expected to reach USD 3.25 Billion by 2030, at a CAGR of 7.5% during the forecast period 2022 to 2030.
Snoring is the outcome of vibration that is happening in the respiratory system which results to production of sound. The sound produced due to the obstruction of air movement during breathing while a person is sleeping. Anti snoring devices helps to reduce the tendency of snoring. An increase in the sedentary lifestyle has resulted into the rising prevalence of sleep deprivation, obesity and others. A survey report of Oxford University stated that insomnia is one of the most common sleep disorders. In 2019, more than 30% of adults have suffered from this issue. Hence, there is an estimation that due to this the adoption of anti snoring devices have increased exponentially among the people across the world.
Impact of COVID 19 On Global Anti-Snoring Devices Market
The onset of COVID 19 pandemic has caused significant impact on the anti snoring devices. For instance, a report published by Sleep Medicine Reviews stated that the people who suffer from sleep apnea tend to suffer from choking and snoring when the throat muscles relax and temporarily block the airway while sleeping. This may also result into hospitalization and are at higher risk of dying from COVID 19.
Global Anti Snoring Devices Market Report Coverage
|Market Size in 2021:||USD 1.80 Billion|
|Forecast Period 2021-2030 CAGR:||7.5%|
|2030 Value Projection:||USD 3.25 Billion|
|Historical Data for:||2017-2020|
|No. of Pages:||200|
|Tables, Charts & Figures:||100|
|Segments covered:||By Type, By Region and COVID-19 Impact Analysis|
|Companies Covered:||Sleeping Well LLC, Apnea Sciences Corporation, Somnomed Ltd., Airway Management Inc., Theravent, Inc., Tomed Dr. Toussaint Gmbh, GlaxoSmithKline plc, MPowRx Health & Wellness Products, Innovative Health Technologies Ltd.|
|Pitfalls & Challenges:||COVID-19 Empact, Challenge, Future, Growth, & Analysis|
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Key Driving Factors
The launch as well as the regulatory approvals of the new products in the past two years have added to the recovery and have helped in the industrial growth to a great extent. Apart from this, the rise in the technological advancement is also resulting to the drastic shift which leads to a large number of people who are shifting towards e-commerce. These days e-commerce websites have started selling various types of medical devices which is simultaneously supporting the overall growth of the market. Furthermore, the increasing prevalence of obesity has also become another major concern all across the world due to which the sale of anti snoring devices market.
Key Restraining Factors
The huge cost associated with the customized oral devices as well as social stigma related to snoring are the factors which are hampering the growth of the global anti snoring devices market to some extent.
Oral appliances segment is dominating the market with the largest market share over the forecast period
On the basis of type, the global anti snoring devices market is segmented into oral appliances, nasal devices, position control devices, tongue stabilizing devices, chin straps, and EPAP therapy devices. Among these, oral appliances segment is dominating the market with the largest market share over the forecast period. The growth is attributed to the increasing adoption as well as awareness of oral appliances among patients and dentists along with the introduction of technologically advanced products. Healthcare professionals also recommend to use oral appliances at the first line of treatment which has led to the increasing adoption of such devices than the other anti snoring devices.
The position control device segment, on the other hand is anticipated to witness the fastest market growth over the forecast period owing to the launch of new products by the manufacturers in order to increase the sales by entering into the distribution agreement along with strong regional distributors.
North America is dominating the market with the largest market share over the forecast period
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North America is dominating the market with the largest market share over the forecast period due to the increase in the number of people who have snoring problems in the U.S. For instance, around 45% adults in US snore occasionally while 25% snore on a regular basis. A survey report of Sleep Foundation stated that around 57% men and 40% women have snoring issues in the U.S. The main reason behind the snoring issue the obesity which is caused due to the sedentary lifestyle and rise in the consumption of processed food. Not only this but also the strong presence of key market players in this region and the availability of products in the e-commerce websites are also boosting the segmental growth.
Asia Pacific, on the other hand is witnessing the fastest market growth over the forecast period. The growth is attributed to the presence of huge number of people who are facing snoring issues and increasing awareness regarding this problems. In addition, the rise in the disposable income levels are also anticipated to propel the segmental growth.
Recent Market Developments
- In April 2020, Apnea Sciences launched New SnoreRx Plus which is an anti snoring device.
- In February 2021, Signifier Medical Technologies, LLC has got the approval from FDA to market the novel device to reduce mild sleep apnea and snoring in people who are aged above 18 years old.
List of Key Market Players
- Sleeping Well LLC
- Apnea Sciences Corporation
- Somnomed Ltd.
- Airway Management Inc.
- Theravent, Inc.
- Tomed Dr. Toussaint Gmbh
- GlaxoSmithKline plc
- MPowRx Health & Wellness Products
- Innovative Health Technologies Ltd.
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the global Anti Snoring Devices Market based on the below-mentioned segments:
Anti Snoring Devices Market, Type Analysis
- Oral appliances
- Nasal devices
- Position control devices
- Chin straps
- Tongue stabilizing devices
- EPAP therapy devices
Anti Snoring Devices Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions (FAQ)
1. What is the market size of Anti Snoring Devices Market?The global Anti Snoring Devices Market is expected to grow from USD 1.80 Billion in 2021 to USD 3.25 Billion by 2030, at a CAGR of 7.5% during the forecast period 2022-2030.
2. Who are the key market players of Anti Snoring Devices Market?Some of the key market players of Anti Snoring Devices Market are Sleeping Well LLC, Apnea Sciences Corporation, Somnomed Ltd., Airway Management Inc., Theravent, Inc., Tomed Dr. Toussaint Gmbh, GlaxoSmithKline plc, MPowRx Health & Wellness Products, Innovative Health Technologies Ltd.
3. Which segment hold the largest market share?Oral appliances segment hold the largest market share is going to continue its dominance.
4. Which region is dominating the Anti Snoring Devices Market?North America is dominating the Anti Snoring Devices Market with the highest market share.
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