Anti-snoring Devices and Snoring Surgery Market To Witness Robust Expansion Throughout The During The Forecast 2021 – 2031
Fact.MR’s recently published anti-snoring devices and snoring surgery market report expects the industry to surge at a CAGR of 4% until 2025, reaching US$ 24.4 Bn. Long-term forecast appears more promising, registering a CAGR of 7.2% from 2021-2031, poised to reach US$ 40 Bn by the end of the forecast period. Surging sleep apnea incidences is spurring demand for these devices.
From 2016 to 2020, the market surged at around 3% CAGR, reaching US$ 20 Bn by the end of the historical period. Amidst the COVID-19 pandemic, prospects further broadened, with several studies concluding that people with sleep apnea exhibit higher vulnerability to post-COVID complications- including hypertension and idiopathic pulmonary fibrosis.
Rising obesity cases coupled with an expanding geriatrics base is projected to further fuel growth prospects. Because the older population has additional features of weight gain. According to the World Ageing Population research, there
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Anti-snoring Devices and Snoring Surgery- Scope of Report:
A latest publication by Fact.MR on the global Anti-snoring Devices and Snoring Surgery evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the market.
The study offers detailed insights on key market dynamics, which include the drivers, restraints, trends, and opportunities in the market.
The principal aim of the study is to present exclusive information about how the market will perform during the forecast period of 2021-2031.
Important indicators for the successful growth of the Anti-snoring Devices and Snoring Surgery are presented in this comprehensive report, which include Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR), which are described in an exhaustive way in Fact.MR's study.
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The anti-snoring market is extremely fragmented, with only a few major players. Thanks to technological improvements and product innovation, mid-size to smaller businesses are extending their market position by releasing new ingredients at reduced rates. Fisher & Paykel Healthcare Limited, Koninklijke Philips NV, ResMed, ASF Medical GmbH (Tomed GmbH), and Apnea Sciences dominate the global market.
In June 2019, InnAccel launched SAANS, a CPAP solution. It is one of the first infrastructure-free, portable, and neonatal CPAP systems in the world, providing a continuous flow of air to prevent the airway from collapsing. It also removes the tissue vibrations that induce snoring.
In July 2020, Fisher & Paykel Healthcare inaugurated its 4th research and manufacturing facility at its Daniell Building in New Zealand. This expansion is expected to aid the company in continuing developing and delivering leading healthcare solutions associated with sleep disorders
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Anti-snoring Devices and Snoring Surgery Segmentations:
o Mandibular Advancement Anti-Snoring Devices (MAD)
o Tongue Stabilizing Anti-Snoring Device (TSD)
o Continuous Positive Airway Pressure (CPAP) Anti-Snoring Devices
o Others (Nasal and Chin Strips, Straps, Rings, etc.)
• Surgical Procedure
o Uvulopalatopharyngoplasty (UPPP) Snoring Surgery
o Tonsillectomy and Adenoidectomy Snoring Surgery
o Maxillo-Mandibular and Genloglossus Advancement Surgeries
o Radiofrequency Ablation (RFA) Snoring Surgery
o Pillar Procedure with Palatal Implants Snoring Surgery
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