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.
Browse full research report on Global Anti-Snoring Devices & Snoring Surgery Market: http://www.grandviewresearch.com/industry-analysis/anti-snoring-devices-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.
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
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- Latin America
- Brazil
- Mexico
- MEA
- South Africa
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: www.grandviewresearch.com
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