Press Release

INCREASING PREVALENCE OF OBESITY AND ALCOHOL CONSUMPTION TO DRIVE THE GLOBAL ANTI-SNORING DEVICES MARKET – AXIOM MRC

The key competitors of this market include Somnomed Limited, Airway Management Inc, Medtronic, Koninklijke Philips N.V., Glaxosmithkline, Resmed Inc, Meditas Ltd., Fisher & Paykel Healthcare Inc, Theravent, Inc,Tomed GmbH, Sleeping Well, LLC, Apnea Sciences Corporation, The Pure Sleep Company etc.

New York, May 13, 2019: Axiom Market Research & Consulting™ added a report on global anti-snoring devices market which includes study on various products and distribution channels across various countries of key regions around the world. The global anti-snoring devices market was projected to grow at a CAGR of 9.59% for the forecast period 2019 to 2025. The global market is estimated and forecasted in terms of revenue (USD billion) generated by the anti-snoring devices market.

The various types of the anti-snoring devices commercially available in the market include oral appliances (mandibular advancement devices and tongue-retaining devices), nasal devices (external nasal dilators and other nasal devices), position control devices, chin straps, tongue-stabilizing devices and expiratory positive airway pressure (EPAP) therapy devices. Furthermore, the mandibular advancement devices (MADs) are accessible as custom-made and non-custom mandibular advancement devices. The major distribution channels of these products include hospitals, clinics, online stores, retail pharmacies etc. Additionally, geographically, the global anti-snoring devices industry is studied for North America, Europe, Asia Pacific and Rest of the World.

High prevalence of cigarette smoking and alcohol consumption to propel the market growth worldwide

Major factors driving growth of the global anti-snoring devices market include increasing awareness about ill effects caused by snoring and benefits of associated treatments. Moreover, high prevalence of cigarette smoking and alcohol consumption, increasing geriatric population and obese population are also directly responsible for propelling the growth of the global anti-snoring devices market.

The oral appliances segment is expected to account for the largest share of the market in 2018

The oral appliances segment is expected to account for the largest share of the market, followed by the nasal devices segment. The dominance of the oral appliance is attributed to growth in awareness among medical professionals and patients regarding the use of oral appliances.

In 2018, the clinics accounted for the second largest market share

The clinics accounted for the second largest market share owing to increasing number of small and large clinics in developed and developing countries and variety of anti-snoring devices available in the clinics.

Asia-Pacific is expected to be the fastest growing region in the global anti-snoring devices market during the forecast period

Asia-Pacific is expected to be the fastest growing region in the global anti-snoring devices market, due to existence of vast pool of patients and swelling prevalence of obesity in the region. In addition, the European market is growing due to increasing healthcare expenditure, increasing awareness of healthcare, and refining healthcare infrastructure in the emerging countries.

The key companies having strong hold in anti-snoring devices vertical includes Somnomed Limited, Airway Management Inc, Medtronic, Koninklijke Philips N.V., Glaxosmithkline, Resmed Inc, Meditas Ltd., Fisher & Paykel Healthcare Inc, Theravent, Inc,Tomed GmbH, Sleeping Well, LLC, Apnea Sciences Corporation, The Pure Sleep Company etc.

ANTI-SNORING DEVICES MARKET

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