Global anti-snoring devices and snoring surgery market is expected to reach USD 1.84 billion by 2024, according to a new report by Grand View Research, Inc. The anti-snoring devices and snoring surgery market is anticipated to witness a lucrative growth during the period 2016 to 2024. The factors contributing towards the growth of the market are the growing awareness levels about the ill effects of snoring, rising elderly and obese population, the presence of an unexploited consumer base, and the increasing consumption of alcohol and cigarettes. However, factors such as the cost prohibitive nature of the products, limited efficacy of the presently available treatments, and the presence of an unpropitious reimbursement scenario are likely to hinder the growth of the market.
The market is segmented into anti-snoring devices and snoring surgery segments. The anti-snoring devices segment includes oral appliances, nasal devices, position control devices, chin straps, tongue stabilizing devices, and expiratory positive airway pressure therapy devices. The surgery segment includes uvulopalatopharyngoplasty, laser-assisted uvulopalatoplasty, radiofrequency ablation, sclerotherapy, pillar procedure, and others. North America and Europe are the major shareholders of this industry due mainly to the increasing awareness associated with available treatment options and the eventual rise in popularity and adoption of these products. The Asia Pacific region is expected to witness high growth as a consequence of the untapped population base characterized with a snoring condition, higher levels of awareness regarding the effects of snoring, and the presence of well-established players in the sector.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/anti-snoring-devices-snoring-surgery-market
Further key findings from the study suggest:
·
North America is estimated to lead the industry
with the largest market share in 2015.This growth is attributed to the rapidly
increasing popularity and the resultant high market penetration of such
treatment devices. Asia Pacific is expected to exhibit the highest growth rate
owing to the large untreated population and the rising awareness levels with
regard to treatment options and the notorious health consequences associated
with this condition.
·
In surgery, somnoplasty is estimated to be the
fastest growing segment due largely to factors, such as low cost, reduced
surgical trauma, less invasive, and chances of fewer complications in
comparison to the traditional surgery procedures
·
The anti-snoring devices and snoring surgery
market comprises several local as well as global players. Some key market
players include Tomed Dr. Toussaint GmbH, Apnea Sciences Corporation, and
Meditas Ltd., among others. The companies have adopted several organic and inorganic
strategies in order to gain prominence in this sector. A few of these
strategies include geographic expansion, new product launches, new product
development, partnerships, collaborations, and mergers and acquisitions, among
others. For instance, in March 2015, Meditas Ltd. launched nasal dilators
for uninterrupted flow of air.
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the global anti-snoring devices and snoring surgery market on the basis of type and region:
Anti-Snoring Devices Type Outlook (Revenue, USD Million, 2013 - 2024)
·
Oral
·
Nasal Dilator
·
Chin Strap
·
Position Control
·
Tongue Stabilizing Devices
·
Expiratory Positive Airway Pressure
Snoring Surgical Procedure Outlook (Revenue, USD Million, 2013 -
2024)
·
Uvulopalatopharyngoplasty
·
Laser-Assisted Uvulopalatoplasty
·
Radiofrequency Ablation
·
Sclerotherapy
·
Pillar Procedure
·
Septoplasty
·
Palatal Stiffening Procedures
·
Other anti-snoring surgical procedures
Anti-Snoring Devices And Snoring Surgery Regional Outlook (Revenue,
USD Million, 2013 - 2024)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
India
·
Latin America
o
Brazil
o
Mexico
·
MEA
o
South Africa
For free press release of this report - http://www.grandviewresearch.com/press-release/global-anti-snoring-devices-snoring-surgery-market
About Grand View
Research
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View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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