Anti-Snoring and Sleep Apnea Devices Market Forecast Till 2020market assessment report on “Global Anti-Snoring & Sleep Apnea Devices Market Assessment & Forecast 2016-2020”.
SA-BRC’s latest market research report on “Global Anti-Snoring & Sleep Apnea Devices Market Assessment & Forecast 2016-2020” highlights the growing demand for a variety of anti-snoring and sleep apnea devices. The global anti-snoring & sleep apnea devices market was valued at US$ 7,399.7 million in 2015 and is forecast to grow to US$ 10,122.9 million by 2020 at a CAGR of 6.4% from 2016 to 2020
The direct and indirect burden of sleep apnea and snoring is estimated to be around US$ 65 – US$ 100 billion and include road accidents, workplace accident and loss of productivity, hidden healthcare costs, comorbidities, treatment and reimbursement among other factors. There is a high awareness of sleep apnea and thus affects the growth of sleep apnea devices market very positively. On the other hand, snoring is a relatively new condition being focused on and is anticipated to grow further as diagnosis rate increases.
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The report analyzes different anti-snoring product segments based on nasal snoring such as nasal strips, clips, vents and EPAP. The market research also provides insight into the oral snoring prevention devices such as mandibular advancement device and tongue retaining or stabilizing device. A large number of snorers report a sore throat and increased rate of strep infections. . Mandibular devices are reported to have effect immediately among users and help reduce snoring significantly within a short period of time. The oral anti-snoring devices segment is forecast to grow the quickest among all other anti-snoring & sleep apnea devices segments. Major factors restricting the growth of these devices compared to nasal anti-snoring are the higher cost of appliances, greater regulation by authorities, greater discomfort since TRD/TSD and MAD appliances require time to get used to.
This report also focuses on analysis of sleep apnea devices; Positive Airway Pressure (PAP) devices, Masks & Tubing, Non-Invasive Ventilators, Adaptive Servo-Ventilators and Humidifiers. PAP devices market is undoubtedly the largest segment of devices in sleep apnea treatment. Until recently CPAP has been the gold standard treatment method for OSA and is used by millions of people worldwide. In 2015, PAP devices garnered the largest revenue accounting for a share of 41.6%.
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The anti-snoring market is highly fragmented due to easy entry. Limited healthcare regulations and requirement have culminated in devices being available not only through medical prescriptions but also online e-commerce portals. GSK, SnoreRx, SnoreEze, SnoreTech are some of the major companies operating in this segment. The sleep apnea market on the other hand is consolidated with leading players being ResMed and Respironics. ResMed and Philips-Respironics have been market leaders for over a decade. Large product portfolio, strong innovation research and development has ensured a steady flow of new options for patients. The companies have focused on increasing compliance among patients since long term usage of PAP is observed to be very low.
Spearhead Acuity Business Research & Consulting Private Limited (SA-BRC) is a premium Life Science business intelligence and data analytics firm. SA-BRC team offers a wide range of business intelligence services to multiple stakeholders such as Medical Device Manufacturers, Service Providers (Hospitals, Payers, etc.), Suppliers, Group Purchase Organizations, Distributors and all other individuals in the entire value chain of healthcare industry. Our research and consulting capabilities extend across several sub-domains within the sphere of Life Sciences such as Biotechnology, Healthcare IT, Medical Devices, Veterinary Sciences, Wellness Products and Pharmaceuticals.
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