Anti-Snoring Treatment Market Forecast and CAGR
According to the latest research by Fact.MR., the anti-snoring treatment market is set to witness steady growth during 2021-2031. Demand for anti-snoring treatment expects to witness steady recovery in the short-term, with an optimistic growth outlook in the longrun. The growing advancement for the snoring treatment devices industry will offer lucrative opportunities in near future.
What is driving the Demand for the Anti-Snoring Treatment Market?
To meet the end-users demand for advanced, safe and effective snoring treatment continues to drive demand for anti-snoring treatment in the market. The key players are focusing on the research area to develop and innovate efficacious treatment that would meet the customer's demand. Continuous Positive Airway Pressure (CPAP) Therapy continues to dominate the anti-snoring treatment market by treatment type. CPAP therapy is the most recommended treatment options for Obstructive Sleep Apnea (OSA) patients. Owing to its compatibility and high-level safety CPAP therapy gained popularity in the anti-snoring treatment market. Additionally, Sleep-related awareness is consistently contributing to the increase in the diagnosis rate for sleep disorders. This is expected to drive the anti-snoring treatment market.
Obstructive Sleep Apnea (OSA) is Likely to Accelerate the Anti-snoring Treatment Demand
The OSA expects to gain traction in the anti-snoring treatment market globally and continues to be dominant during the forecast period. For instance, according to a study published in the National Institutes of health journal around 30% of the adult U.S. population suffer from Insomnia and 10% from chronic.
The US and Canada Anti-Snoring Treatment Market Outlook
The US is one of the largest markets for anti-snoring treatment globally. The US anti-snoring treatment market is set to tread on the historic pattern of bust and boom during the assessment period 2021-2031.
Demand for anti-snoring treatment in the US and Canada will be led by the high prevalence rate of sleep-related disorders in the country. A value-based healthcare system expects to impose pricing pressure on medical device companies which is likely to impact the R&D investments for the development of advanced medical treatment technologies. The U.S. regulatory authorities actively adopt several cost-containment plans for healthcare burden reduction. Thus government initiatives towards medical device company would boost the anti-snoring treatment market growth.
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Europe Demand Outlook for Anti-Snoring Treatment Market
Many countries in the EU have been severely faced hardest hit by the COVID-19 crisis, which has led to a decline in economic activities. However, as is the case in the US and Canada, healthcare spending in the EU continues to drive demand for Anti-Snoring Treatment.
Despite the COVID-19 challenges, most European countries have maintained a steady healthcare expenditure in 2020. The UK health care spending is budgeted at £177.7 billion. For anti-snoring treatment providers and anti-snoring device manufacturers and suppliers, the strong projections for Europe’s healthcare expenditure would offer a lucrative landscape for the expansion of the anti-snoring treatment demand.
Who are the key players in the Anti-Snoring Treatment Market?
Some of the key players of anti-snoring treatment include
- Medtronic Plc
- Philips Healthcare
- GlaxoSmithKline Plc
- Airway Management
- Inspire Medical Systems Inc.
- Nyxoah SA
- Respicardia Inc.
- Alaska Sleep Clinic
- Pillar Palatal LLC/ The Snoring Center
- LinguaFlex LLC
These industry leaders are adopting innovative technologies to furnish the unmet needs of the consumers.
Many leading anti-snoring device manufacturers and suppliers are entering into strategic agreements to expand their product portfolio and accelerate their medical device sales in the market.
An Adaptive Approach to Modern-day Research Needs
Anti-snoring Treatment Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
- Oral Appliances
- Mandibular Advancement Devices (MAD)
- Boil and Bite MADs
- Semi-Custom Devices
- Custom Dental MADs
- Tongue Stabilizing Devices (TSD)
- Mandibular Advancement Devices (MAD)
- Nasal Devices
- External Nasal Dilators
- Other Nasal Devices
- Position Control Devices
- Chin Straps
- Continuous Positive Airway Pressure (CPAP) Therapy machine
- Obstructive Sleep apnea
- Central Sleep Apnea
- tomography scan or MRI
- Continuous Positive Airway Pressure (CPAP) Therapy
- Uvulopalatopharyngoplasty (UPPP)
- Pillar Procedure
- Radiofrequency Palatoplasty
- Other Surgical Procedures
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- North America
- Latin America
- Rest of Latin America
- The U.K.
- Rest of Latin America
- East Asia
- South Korea
- South Asia
- Rest of South Asia
- New Zealand
- The Middle East and Africa
- GCC Countries
- North Africa
- South Africa
- Rest of the Middle East
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
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Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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