GLOBAL ANTI-SNORING DEVICES MARKET PROJECTED TO GROW AT A CAGR OF 9.59% DURING THE FORECAST PERIOD 2020 TO 2025 – AXIOM MRC
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New York, May 13, 2019: Axiom Market Research & Consulting™ added a report on global anti-snoring devices market which includes study on various products and distribution channels across various countries of key regions around the world. The global anti-snoring devices market was projected to grow at a CAGR of 9.59% for the forecast period 2019 to 2025. The global market is estimated and forecasted in terms of revenue (USD billion) generated by the anti-snoring devices market.
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The various types of the anti-snoring devices commercially available in the market include oral appliances (mandibular advancement devices and tongue-retaining devices), nasal devices (external nasal dilators and other nasal devices), position control devices, chin straps, tongue-stabilizing devices and expiratory positive airway pressure (EPAP) therapy devices. Furthermore, the mandibular advancement devices (MADs) are accessible as custom-made and non-custom mandibular advancement devices. The major distribution channels of these products include hospitals, clinics, online stores, retail pharmacies etc. Additionally, geographically, the global anti-snoring devices industry is studied for North America, Europe, Asia Pacific and Rest of the World.
Major factors driving growth of the global anti-snoring devices market include increasing awareness about ill effects caused by snoring and benefits of associated treatments. Moreover, high prevalence of cigarette smoking and alcohol consumption, increasing geriatric population and obese population are also directly responsible for propelling the growth of the global anti-snoring devices market.
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For greater growth opportunities in the anti-snoring market, the established market players need to:
• Integrate digital technologies; there is significant revenue potential in leveraging digital devices for snoring
• Invest in regional capacity and expertise
• Focus on adopting inorganic as well as organic growth strategies
The key competitors of this market include Somnomed Limited, Airway Management Inc, Medtronic, Koninklijke Philips N.V., Glaxosmithkline, Resmed Inc, Meditas Ltd., Fisher & Paykel Healthcare Inc, Theravent, Inc,Tomed GmbH, Sleeping Well, LLC, Apnea Sciences Corporation, The Pure Sleep Company etc.
Axiom Market Research & Consulting™ offers market research and data analytics services such as syndicated market research reports, custom market research reports, business consulting, consumer/end user survey, data processing & analytical services, social media analytics across various industry verticals such as, Life Science, Chemicals &Materials, Food & Beverages, Packaging Agriculture, Power & Energy.
Market research reports are based on scientifically developed statistics and content analytics tool ‘Qual-Quant Data Model’, in which various industry vertical’s qualitative information such as market drivers, restraints, opportunities, market trends, competitive landscapes etc. are tracked and compared. The tool also helps in the extraction of market size and growth rates and compares the value chain of the industry vertical.
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