Anti-Snoring Treatment Market Rise in Obesity With Growing Geriatric Population

According to Precision Business Insights (PBI), the latest report global anti-snoring treatment market size is estimated to be valued at USD 4,982.1 million in 2023 and is poised to grow at a significant CAGR of 4.6% during the forecast period 2023-2029. Growing snoring awareness, the availability and advantages of anti-snoring therapies, a growing elderly and obese population, the existence of a big number of cigarette smokers and alcoholics, and a vast pool of untapped snoring population However, the ineffectiveness of current anti-snoring therapies on the market, the high cost of various snoring surgical operations, and a lack of reimbursement are important factors impeding the growth of the Anti-snoring treatment market.

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The Mandible Advancement Devices Segment is Dominating the Anti-Snoring Treatment Market:
Complete obstruction of the airway channel causes apnea, snoring, and other health problems. Mandibular advancement devices (MADs) are designed to carefully stabilise and maintain the upper jawbone while shifting the lower jaw forward to create an optimal equilibrium between the back of the tongue and the soft tissue of the neck in order to free up the route for healthy breathing. Increase in the number of patients suffering from sleep disorders, such as OSAHS, rise in awareness about sleep disorder, surge in healthcare expenditure of people, average cost of mandibular advancement devices, and government support for R&D activities are likely to fuel the global mandibular advancement devices market during the forecast period.

The anti-snoring treatment market is segmented based on device, distribution channel, and geography.
Based on the By Device, the market is segmented into the following:
• Mandible Advancement Devices
• Tongue Stabilizing Devices
• Nasal Devices
• Continuous Positive Airways Pressure Devices
• Chin Straps
• Others

Based on the Distribution channel, the market is segmented into the following:
• Hospitals
• Clinics
• Retail Pharmacies
• E-commerce
• Others

Based on Geography, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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North America Leads Anti-Snoring Treatment Market:
North America is expected to hold significant market share in the global Anti-Snoring Treatment market and is projected to grow at a prominent growth rate over the forecast years owing to rise in the geriatric patient population suffering from sleep disorder, increase in sleep apnea disorder among young population. rising awareness among patients regarding the effectiveness of anti-snoring devices and surgeries, and the easy availability of advanced detecting procedures across the world, are resulting in the increased demand for anti-snoring treatment market.

Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players:
Global Anti-Snoring Treatment market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region.

Key player's profiles in the anti-snoring treatment market report are Sleeping Well, LLC (U.S.), Apnea Sciences Corporation (U.S.), Tomed Dr. Toussaint GmbH (Germany), Sleep Well Enjoy Life, Ltd. (U.K.), MEDiTAS Ltd. (U.K.), GSK plc. (U.K.), HoMedics Group Canada Co (Canada), Contour Products, Inc. (U.S.), Theravent, Inc. (U.S.), MPowRx Health & Wellness Products, Inc. (Canada), Innovative Health Technologies (NZ) Ltd.

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