Global anti-snoring devices and snoring surgery market is expected to
reach USD 1.84 billion by 2024, according to a new report by Grand View
Research, Inc. The anti-snoring devices and snoring surgery market is
anticipated to witness a lucrative growth during the period 2016 to 2024. The
factors contributing towards the growth of the market are the growing awareness
levels about the ill effects of snoring, rising elderly and obese population,
the presence of an unexploited consumer base, and the increasing consumption of
alcohol and cigarettes. However, factors such as the cost prohibitive nature of
the products, limited efficacy of the presently available treatments, and the
presence of an unpropitious reimbursement scenario are likely to hinder the
growth of the market.
The market is segmented into anti-snoring devices and snoring surgery
segments. The anti-snoring devices segment includes oral appliances, nasal
devices, position control devices, chin straps, tongue stabilizing devices, and
expiratory positive airway pressure therapy devices. The surgery segment
includes uvulopalatopharyngoplasty, laser-assisted uvulopalatoplasty,
radiofrequency ablation, sclerotherapy, pillar procedure, and others.
North
America and Europe are the major shareholders of this industry due mainly to
the increasing awareness associated with available treatment options and the
eventual rise in popularity and adoption of these products. The Asia Pacific
region is expected to witness high growth as a consequence of the untapped population
base characterized with a snoring condition, higher levels of awareness
regarding the effects of snoring, and the presence of well-established players
in the sector.
In depth research report
on Anti-Snoring Devices And Snoring Surgery Market
Further key findings from
the study suggest:
·
North America is estimated to lead the industry with the largest market
share in 2015.This growth is attributed to the rapidly increasing popularity
and the resultant high market penetration of such treatment devices. Asia
Pacific is expected to exhibit the highest growth rate owing to the large
untreated population and the rising awareness levels with regard to treatment
options and the notorious health consequences associated with this condition.
·
In surgery, somnoplasty is estimated to be the fastest growing segment
due largely to factors, such as low cost, reduced surgical trauma, less
invasive, and chances of fewer complications in comparison to the traditional
surgery procedures
·
The anti-snoring devices and snoring surgery market comprises several
local as well as global players. Some key market players include Tomed Dr.
Toussaint GmbH, Apnea Sciences Corporation, and Meditas Ltd., among others. The
companies have adopted several organic and inorganic strategies in order to
gain prominence in this sector. A few of these strategies include geographic
expansion, new product launches, new product development, partnerships,
collaborations, and mergers and acquisitions, among others. For instance, in
March 2015, Meditas Ltd. launched nasal dilators for uninterrupted flow of air.
Grand View Research has segmented the global anti-snoring devices and
snoring surgery market on the basis of type and region:
Anti-Snoring Devices Type
Outlook (Revenue, USD Million, 2013 - 2024)
·
Oral
·
Nasal Dilator
·
Chin Strap
·
Position Control
·
Tongue Stabilizing Devices
·
Expiratory Positive Airway Pressure
Snoring Surgical
Procedure Outlook (Revenue, USD Million, 2013 - 2024)
·
Uvulopalatopharyngoplasty
·
Laser-Assisted Uvulopalatoplasty
·
Radiofrequency Ablation
·
Sclerotherapy
·
Pillar Procedure
·
Septoplasty
·
Palatal Stiffening Procedures
·
Other anti-snoring surgical procedures
Anti-Snoring Devices And
Snoring Surgery Regional Outlook (Revenue, USD Million, 2013 - 2024)
·
North America
·
U.S.
·
Canada
·
Europe
·
Germany
·
UK
·
Asia Pacific
·
China
·
India
·
Latin America
·
Brazil
·
Mexico
·
MEA
·
South Africa
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About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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