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Anti-Snoring Devices Market Size, Share & Competitive Outlook 2024-2033
Anti-Snoring Devices Market Size
According to The Business Research Company's, The anti-snoring devices market size has grown strongly in recent years. It will grow from $1.67 billion in 2023 to $1.82 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to increased awareness of sleep disorders, health risks associated with snoring, aging population and snoring prevalence, impact on quality of sleep, non-invasive and over-the-counter options.
The anti-snoring devices market size is expected to see strong growth in the next few years. It will grow to $2.61 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to rising focus on sleep health, increasing lifestyle-related factors, advancements in design and comfort, online retail and e-commerce growth, customized and personalized solutions. Major trends in the forecast period include application of neuromodulation technologies, integration of biofeedback mechanisms, focus on comfort and user experience, collaboration with sleep clinics and professionals, expansion of retail channels and e-commerce.
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Market Drivers and Trends:
The increasing prevalence of obesity is expected to propel the growth of the anti-snoring devices market going forward. Obesity refers to weight gain that is abnormal or excessive and poses a health risk. Anti-snoring devices like mouthpieces assist obese people to control snoring by moving the jaw forward and preventing the tongue from slipping back and obstructing the airway. For instance, according to the World Obesity Federation, a United Nations agency, around 770 million adults worldwide were obese in 2020, and that number is expected to rise to over one billion by 2030. Therefore, the increasing prevalence of obesity is driving the growth of the anti-snoring devices market.
Product innovation is a key trend gaining popularity in the anti-snoring devices market. Companies operating in the anti-snoring market are innovating their products to sustain their position in the market. For instance, in February 2021, Signifier Medical Technologies LLC, a UK-based medical technology company, launched the eXciteOSA daytime therapy to treat patients 18 years of age and older for mild obstructive sleep apnea and snoring. This is the first gadget designed to increase tongue muscle function while the patient is awake. This will help prevent the tongue from falling backward and blocking the airway while the patient is sleeping.
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Major Key Players of the Market:
Sleeping Well LLC;Apnea Sciences Corporation;Somnomed Ltd.;Airway Management Inc.;Theravent Inc.;Tomed Gmbh;GSK plc;MPowRx;Innovative Health Care Pvt. Ltd.;ResMed Inc.;Fisher & Paykel Appliances Holdings Ltd.;AccuMed Corp.;MEDiTAS Ltd.;Koninklijke Philips N.V.;ImThera Medical Inc.;Contour Products Inc.;VVFLY Electronics Co. Ltd.;ZQuiet;The Pure Sleep Company;Rhinomed Limited;DentCare Dental Lab Pvt. Ltd.;Signifier Medical Technologies LLC;Endo Pharmaceuticals Inc.;KARL STORZ SE & Co. KG;Lumenis Be Ltd.;Olympus Winter & IBE GMBH;Urologix LLC;Boston Scientific Corporation;Teleflex Incorporated;Richard Wolf GmbH;biolitec AG;Coloplast Corp.;Nozovent;Snoring Solutions Inc.
Anti-Snoring Devices Market 2024 Key Insights:
• The anti-snoring devices market will grow to $2.61 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%.
• Rise In Obesity Anticipated To Drive The Growth Of The Anti-Snoring Devices Market
• Signifier Medical's Daytime Therapy Redefines Anti-Snoring Strategies
• North America was the largest region in the anti-snoring devices market in 2023
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