Press release
Demand for Anti-snoring Devices and Snoring Surgery Market To Soar from Use Industries and Push Revenues in Market : Fact.MR
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.
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Key Segments Covered
Device
Mandibular Advancement Anti-Snoring Devices (MAD)
Tongue Stabilizing Anti-Snoring Device (TSD)
Continuous Positive Airway Pressure (CPAP) Anti-Snoring Devices
Others (Nasal and Chin Strips, Straps, Rings, etc.)
Surgical Procedure
Uvulopalatopharyngoplasty (UPPP) Snoring Surgery
Tonsillectomy and Adenoidectomy Snoring Surgery
Maxillo-Mandibular and Genloglossus Advancement Surgeries
Radiofrequency Ablation (RFA) Snoring Surgery
Pillar Procedure with Palatal Implants Snoring Surgery
Key Companies Profiled
Fisher & Paykel Healthcare Limited
Koninklijke Philips NV
ResMed
ASF Medical GmbH (Tomed GmbH)
Apnea Sciences
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Key Takeaways from the Market Study
Global anti-snoring devices and snoring surgery market to expand 1.7x through 2031
By surgery, uvulopalatopharyngoplasty (UPPP) captured 41% revenue share in 2020
Continuous positive airway pressure (CPAP) devices likely to account for 1/3rd of global revenue
U.S to be highly opportunistic, yielding US$ 8.3 Bn in revenue as of 2019
U.K anti-snoring devices market to exhibit an impressive 7% CAGR through 2031
Nearly 50% of the Asian market demand expected to be stimulated by China
Competitive Landscape
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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