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.
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Research:
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.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/medical-devices
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
o U.S.
o Canada
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o India
·
Latin America
o Brazil
o Mexico
·
MEA
o South Africa
Access press release by Grand View Research: http://www.grandviewresearch.com/press-release/global-anti-snoring-devices-snoring-surgery-market
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, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
For more information: http://www.grandviewresearch.com
