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The anti-snoring devices market is estimated at USD 511.4 million by 2032, with an average CAGR of 8.1% – Allied Market Research

Anti-snoring device marketBy Product (Oral Protection, Nasal Pads, EPAP Device and Others), By End User (Home Care and Others): Global Opportunity Analysis and Industry Forecast 2022-2032. According to the report, the global anti-snoring device industry was estimated to be worth $233.9 million in 2022 and is expected to reach $511.4 million by 2032, representing a CAGR of 8.1% from 2023 to 2033 .

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Anti-snoring devices-

The global anti-snoring devices market is witnessing growth due to factors such as increasing incidence of snoring and increasing awareness about the risks associated with snoring. Rise in the prevalence of snoring, increase in geriatric population and increase in awareness among people about the health risks associated with snoring are driving the growth of the anti-snoring devices market

Main determinants of growth: –

The global anti-snoring devices market is witnessing growth due to factors such as increasing incidence of snoring and increasing awareness about the risks associated with snoring. However, the inconvenience and discomfort associated with anti-snoring devices and the availability of alternative treatment options are hindering the market growth.

COVID-19 Scenario:-

  • Due to the COVID-19 pandemic and the resulting global lockdowns, the anti-snoring device market was moderately driven by the increase in anti-snoring device sales through e-commerce platforms.
  • Moreover, the demand for anti-snoring devices is increasing post-pandemic due to the increase in the incidence of snoring and easy availability of anti-snoring devices. This, in turn, has created various development opportunities for companies operating in the anti-snoring device market.

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The home care segment will maintain its leading position during the forecast period-

Based on the number of end users, the pharmaceutical packaging segment accounted for the largest share in 2022, contributing over three-fifths of the global anti-snoring device market revenues, and is expected to maintain its leading position during the forecast period. The same segment would show the fastest CAGR of 8.4% during 2023-2032.

North America will maintain dominance until 2032.

Depending on the region, North America held the largest market share in terms of revenue in 2022, accounting for over two-fifths of the global anti-snoring device market revenues, and is expected to maintain its dominance through 2032. This is due to the increase in the use of advanced anti-snoring devices, the increase in the incidence of snoring and the strong presence of key players in the market.

However, the limited effectiveness of anti-snoring devices and the discomfort associated with some anti-snoring devices limit their uptake and hamper market growth. For example, some anti-snoring devices, such as mouth braces or chinstraps, require time to adjust and are not comfortable for all users. Moreover, the availability of alternative snoring treatments such as surgery or continuous positive airway pressure (CPAP) devices is negatively impacting the market growth.

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Key conclusions from the study

  • In 2022, the market was dominated by the mouthguard segment by product.
  • Considering the number of end users, the home care segment dominated the market in 2022.
  • In terms of region, the North America segment dominated the market in 2022. However, Asia Pacific is the fastest growing segment during the forecast period, with a CAGR of 9.2%.

Competition analysis

Competitive analysis and profiles of major players in the anti-snoring device market include SomnoMed, ResMed Inc., Koninklijke Philips NV, VVFLY Snore Circle, ZQuiet, The Pure Sleep Company, Apnea Sciences, Airway Management, Inc., Rhinomed and DentCare Laboratorium stomatologiczne Sp. Ltd. There are some important manufacturers of anti-snoring devices in the market such as Theravent, GlaxoSmithKline plc and PureSleep. Major players have adopted product launch as a key growth strategy to enhance their product portfolio and gain a strong position in the anti-snoring devices market.

Key players in the market-

Koninklijke Philips NV, DentCare Dental Lab Pvt. Ltd, SomnoMed, Rhinomed, Apnea Sciences, ZQuiet, Pure Sleep, LLC, Airway Management, Inc, ResMed Inc., VVFLY Snore Circle

Information about allied market research:

Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small enterprises with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a focused purpose: to provide business insight and consultancy to help its clients make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industries, including life sciences, consumer goods, materials and chemicals, construction and manufacturing, food and beverage, power and energy, semiconductors and electronics, automotive and transportation, ICT and media, aerospace and defense, and BFSI.

We are in professional corporate relationships with various companies which helps us in extracting market data that helps us generate accurate research data tables and confirms the utmost accuracy of our market forecasts. Allied Market Research CEO Pawan Kumar plays a key role in inspiring and encouraging everyone associated with the company to maintain high quality data and help customers achieve success in every way possible. Each data presented in the reports we publish is obtained based on interviews with top officials from leading companies in a given domain. Our secondary data methodology includes deep online and offline research and discussions with experienced industry professionals and analysts.

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