Anti-Snoring Market Consumption Analysis, Growth Forecast by Manufacturers, Regions, Type and Application to 2024
Global Anti-Snoring Market report forecast 2019-2024 is a professional and detailed study on the present state also focuses on the major drivers, Anti-Snoring business strategists and effective growth for the key players. Global Anti-Snoring Industry also provides granular analysis of the Anti-Snoring market dynamics, share, segmentation, revenue forecasts and facilitate better decision-making.
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The global anti-snoring market was valued at USD 1,006.56 million in 2019, and it is estimated to be valued at USD 1,842.33 million in 2024 while witnessing a CAGR of 10.60%. Increase in obesity and geriatric population, increasing smoking and alcohol consumption, technological advancements in anti-snoring devices, and increased awareness in the developed markets are the key factors responsible for the growth of the market.
Weight gain is a major contributor to the habit of snoring, because the peculiarities in weight gain is added in the elder population. According to the National Sleep Foundation, in 2017, snoring affected 90 million adults, and 37 million of them face snoring on a regular basis. Additionally, the body mass index (BMI) increases among the middle-aged people, who are at the greatest risk of health complications. In addition, according to the World Health Organization (WHO), the obese population tripled between 1975 and 2016. The WHO also stated that, in 2016, more than 1.9 billion adults were overweight and over 650 million were in the obese category. Among children, more than 40 million below the age of five were overweight or obese.
The aforementioned factors indicate that the increasing geriatric population and the rise in obesity are among the major factors for the growth of the anti-snoring market, globally.
Scope of the Report
Anti-snoring treatment devices are defined as the equipment used to prevent snoring, which include mandibular advancement devices (MAD), tongue stabilizing devices (TSD), continuous positive airway pressure (CPAP) devices, and nasal devices, among others.
Snoring is simply the sound of resistance and turbulence in the upper airway. Contrary to the popular belief, the sound of snoring does not come from the nose. Rather, snoring starts in the back of the airway. Behind the tongue, the oropharynx may become constricted during sleep. During sleep, the muscles keep the upper airway open and the patient relaxed. This is more prominent during REM sleep, or dream sleep, when muscles are most relaxed. As the airway gets smaller, air turbulence increases. The soft tissues in the back of the throat vibrate. This is what causes the snoring sound.
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Key Market Trends
Continuous Positive Airway Pressure (CPAP) Devices Sub-segment is Expected to Hold the Largest Market Share in the Devices Segment
In the devices segment of the anti-snoring market, the continuous positive airway pressure (CPAP) devices sub-segment is believed to have the largest market size, and it is expected to witness a CAGR of 10.54% in the forecast period.
Continuous positive airway pressure (CPAP) devices are used in cases of airway blockages, in order to open up the blocked airways by pushing air into them. The CPAP has a pump that controls the air pressure in the system and consists of a tube carrying air toward the mask attached to the nose and mouth. CPAP devices help in easing the functioning of the airway, and helps the person get a sound sleep, in turn, increasing their demand. Hence, CPAP devices are expected to experience growth over the forecast period.
North America Dominates the Market and is Expected to do Same During the Forecast Period
North America currently dominates the anti-snoring market and is expected to continue its stronghold for a few more years. A new study reported by the American Academy of Sleep Medicine (AASM) suggests that 29.4 million US citizens have obstructive sleep apnea, but only 20% of them have been formally diagnosed. 23.52 million US citizens do not realize that they have obstructive sleep apnea. However, owing to new technologies that are constantly being developed pertaining to the market, the diagnosis of these snoring diseases has been effective and treatments are proving to be more helpful to patients. Thus, the rising awareness among patients regarding the effectiveness of anti-snoring devices and surgeries, and the easy availability of advanced detecting procedures across the world, are resulting in the increased demand for anti-snoring devices and surgeries.
The global anti-snoring market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by introducing new ingredients with less prices. Companies, like Fisher & Paykel Healthcare Limited, Koninklijke Philips NV, ResMed, ASF Medical GmbH (Tomed GmbH), and Lear Corporation (AccuMED Corp.) hold the substantial market share in the global anti-snoring market.
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Table of Contents included in Anti-Snoring Market Report –
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user industry
PART 07: Market segmentation by application
PART 08: Geographical Segmentation
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
List of abbreviations
List of Exhibits
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