The anti-snoring devices and snoring surgery market reached a valuation of US$ 22.92 Billion in 2023. Furthermore, across the 2022-2032 period of assessment, growth is expected to accelerate at a 7.5% CAGR, reaching US$ 47.23 Billion.
Obesity-related problems include stroke, type 2 diabetes, heart disease, and certain types of cancers, which are among the leading cause of premature preventable death. In addition, people suffering from obesity may also suffer from snoring issues and sleep apnea. Rising awareness across developed nations related to the ill effects of snoring and huge benefits of treatments coupled with rising count of geriatric and obese population are the factors that are expected to boost the market growth.
Growing cigarette consumption and alcohol intake along with technological developments in designing in Anti-Snoring devices are also likely to foster the market growth. The demand of antisnoring treatments across developing countries is expected to create growth opportunities in this market. Sales have spiked in the wake of surging incidences of sleep apnea in the past few years. Sleep apnea occurs in about 25% of men and nearly 10% of women, and can affect people of all age groups.
This incidence is especially acute amongst obese people, particularly those aged above 50. Amidst the COVID-19 pandemic, anti-snoring devices experienced significant uptake, with studies concluding that patients with obstructive sleep apnea are vulnerable to adverse post-infection outcomes- such as obesity, hypertension and idiopathic pulmonary fibrosis. Increasing incidence of various sleep disorders will stimulate the global anti-snoring devices market revenue in coming years.
Key Takeaways from the Market Study
- According to Fact.MR, a CAGR of 3% was recorded for the Anti-Snoring Devices and Snoring Surgery market from 2017-2022
- In FY 2023, the Anti-Snoring Devices and Snoring Surgery market reached a valuation of US$ 22.92 Billion
- The market is likely to register a Y-o-Y growth rate of 6.0% in 2023
- By Device, the Continuous Positive Airway Pressure (CPAP) Devices Segment is expected to dominate the market, documenting a 7.3% value CAGR
- As per Fact.MR’s projections, the market for Anti-Snoring Devices and Snoring Surgery in the US will likely expand at a 4% CAGR
- The Anti-Snoring Devices and Snoring Surgery market in China is expected to expand at an 3% CAGR
“Increasing incidence of obesity, the launch of technologically advanced products, strategic activities by key market players, and easy availability of products through online and offline channels are major factors contributing to the growth of this market,” comments an analyst at Fact.MR.
Prominent players in the Anti-Snoring Devices and Snoring Surgery Industry are taking advantage of the rapidly increasing demand for the Anti-Snoring Devices and Snoring Surgery in various applications. To further their outreach, players are relying on collaborations, partnerships and acquisitions with existing small, medium and large-scale players. Some prominent market developments are as follows:
- In December 2020, Signifier, a British start-up biotechnology company announced to launch its novel Anti-Snoring device in the US market. The company aimed to reach a target funding of US$ 100 Bn for the same.
- 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.
- In April 2019, Zyppah received the US FDA approval to market its oral anti snoring device in the US. The company received an over-the counter device approval for marketing of the device.
Anti–snoring Devices and Snoring Surgery Anti–snoring devices are devices that are used to help reduce or stop snoring. They come in various forms, including nasal strips, chin straps, mouthpieces, tongue retainers, and even pillows. These devices are designed to improve air flow and reduce the vibrations in the airway that cause snoring. Snoring surgery is a surgical procedure that is used to treat snoring when other treatments have failed. Some of the most common snoring surgeries are uvulopalatopharyngoplasty (UPPP), laser–assisted uvulopalatoplasty (LAUP), and somnoplasty. These surgeries involve reducing the size of the uvula, soft palate, and/or tongue, which can help reduce the vibrations in the airway that cause snoring. Both anti–snoring devices and snoring surgery can be used to help reduce or stop snoring. However, it is important to consult with a doctor first to determine the best treatment option for your individual situation.