The Anti-Snoring Devices Market is defined by a wide range of products aimed at reducing or eliminating loud snoring caused due to obstruction of the airways during sleeping. Anti-snoring devices include mandibular advancement devices (MAD), tongue stabilizing devices, nasal devices, continuous positive airway pressure (CPAP) devices and others. These devices work to keep the throat open by changing body positioning or using gentle pressure.
The Anti-Snoring Devices Market is estimated to be valued at USD 1.6 Bn in 2024 and is expected to reach USD 2.58 Bn by 2031, growing at a compound annual growth rate (CAGR) of 7.1% from 2024 to 2031.
Anti-snoring devices offer a non-invasive option for treating snoring caused due to conditions like obesity, sleeping positions or nasal congestion. MAD devices work by advancing the lower jaw slightly when sleeping, allowing airways to open wider. Nasal devices keep nasal passages open to allow unobstructed breathing. Tongue stabilizing devices use a small holder to keep the tongue from falling back in order to block the airway during sleep. The rising awareness about ill-effects of snoring like disrupted sleep, headaches, restless sleep etc has boosted adoption of anti-snoring devices globally.
Key Takeaways
Key players operating in the Anti-Snoring Devices are ResMed,Koninklijke Philips NV,SomnoMed,Fisher & Paykel Healthcare Limited,GSK plc.
These players offer a variety of devices to address different types and severities of snoring issues. ResMed and Philips dominates the MAD segment while SomnoMed is a leader in tongue stabilizing devices.
The growing obesity rates globally have resulted in increased snoring cases. Sedentary lifestyles and lack of exercise are compelling more people to opt for anti-snoring devices to support better quality sleep.
Anti-snoring device manufacturers are focusing on expanding into emerging Asian and Latin American markets with rising disposable incomes. Favorable medical reimbursements in some countries are further boosting the adoption of prescribed anti-snoring devices.
Market Key Trends
Increasing usage of online channels and e-commerce websites for purchasing over-the-counter anti-snoring devices is a major trend. The option to read reviews from other users, compare features and order discreetly from home or office has boosted online sales significantly. Manufacturers are also leveraging telehealth consultations and online doctor referrals to promote prescription-based CPAP and MAD options to a wider audience. customized mandibular advancement devices using 3D scans and printing technology are another area attracting research and investments to optimize treatment effectiveness.
Porter’s Analysis
Threat of new entrants: Low costs of production for new manufacturers and limited patent protection allow new entrants to enter the market easily.
Bargaining power of buyers: Large customer base with varied requirements increases buyers’ bargaining power as they can negotiate lower prices.
Bargaining power of suppliers: Major suppliers possess significant bargaining power as limited competition and high switching costs make it difficult for buyers to change suppliers.
Threat of new substitutes: Newer technologies for sleep apnea treatment pose potential threat though demand for basic anti-snoring devices remains strong.
Competitive rivalry: Leading firms compete based on product innovations, brand reputation and competitive pricing.
Geographical Regions
North America accounted for the largest share of the anti-snoring devices market in terms of value in 2024, owing to high awareness regarding sleep disorders and availability of advanced products.
Asia Pacific is expected to witness the fastest growth during the forecast period due to rising disposable incomes, growing medical tourism and increasing prevalence of obesity and lifestyle diseases in countries like China and India.
What Are The Key Data Covered In This Anti-Snoring Devices Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Anti-Snoring Devices’s growth between 2024 and 2031.
:- Accurate calculation of the size of the Anti-Snoring Devices and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Anti-Snoring Devices Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Anti-Snoring Devices vendors
FAQ’s
Q.1 What are the main factors influencing the Anti-Snoring Devices?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Anti-Snoring Devices companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Anti-Snoring Devices’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it