PUBLISHER: Renub Research | PRODUCT CODE: 1463188
PUBLISHER: Renub Research | PRODUCT CODE: 1463188
Anti-snoring Devices market is projected to reach a value of US$ 3.11 Billion by 2032, up from US$ 1.55 Billion in 2023. According to Renub Research, the Global Anti-Snoring Devices Market is expected to witness a CAGR of 8.04% between 2024 and 2032.
Snoring is a common sleep-related issue that can disrupt the snorer's and partner's sleep. It is caused by an obstruction in the airway that leads to irregular breathing and vibrations in the surrounding tissues, producing audible sounds. Factors such as nasal blockage, obesity, sleeping posture, and anatomical attributes contribute to snoring. Snoring can cause disturbed sleep patterns and may occur intermittently due to allergies or a severe cold.
Global Anti-Snoring Devices Market Trends
The rising aging prevalence: According to a WHO source, the number of people aged 60 and older has surpassed the number of children under five years old globally. By 2030, one in six people worldwide will be 60 years or over. Additionally, by 2050, the world's population of people aged 60 and older will double to nearly 2.1 billion. Aging can cause sleep problems like snoring and sleep apnea in elderly individuals.
Growing Funding for Research and development: According to the National Institute of Health, Estimates of Funding for Various Research, Condition, and Disease Categories (RCDC), May 2022 update, the spending on R&D in the United States for sleep research was USD 493 million last year and USD 515 million this year. The government grant for sleep research is expected to boost market growth by creating opportunities for market players to develop innovative devices for managing and treating sleep-related diseases.
Increasing Awareness about Snoring: Rise in awareness among individuals about the impact of snoring on sleep quality and overall health. Public health campaigns have been launched to raise awareness about snoring and its health risks. Organizations like AASM and BSSAA have conducted awareness campaigns through online resources, social media, and community events. National Stop Snoring Week is an annual UK campaign dedicated to educating the public about snoring and its impact on sleep health.In Feb 2023, the "More than a Snore" campaign was launched to raise awareness of sleep apnea, funded by a CDC grant awarded to the American Academy of Sleep Medicine.
Technological advancements and New product launches: Companies develop creative solutions through healthcare professional collaboration, and technology. Telemedicine and remote patient monitoring have increased the potential of the anti-snoring market by providing virtual consultations and care.
United States Anti-Snoring Devices Market
The surge in the U.S. antisnoring device market is fuelled by growing weight problems, easy access to online and offline merchandise, and technological improvements, driven by a tremendous populace dealing with loud snoring troubles. The Centers for Disease Control and Prevention reports that short sleep duration is prevalent in the United States, with 34% in females and 35.8% in males. The global prevalence of obstructive sleep apnea was reported to be 22.6% in December 2021. High demand for CPAP devices is driven by the need to treat obstructive sleep apnea, resulting in growth in the market segment.
Anti-Snoring Devices Market Company Analysis
Koninklijke Philips N.V., ResMed, Inc., SomnoMed Limited, GSK Plc, Apnea Sciences Corporation, ZQuiet (Sleeping Well, LLC), Airway Management, Inc., Fisher & Paykel Healthcare Limited., and Tomed GmbH are the major players in the global anti-snoring devices market.
Anti-Snoring Devices Market Company News
Products - Market breakup in 6 viewpoints:
Distribution Channels - Market breakup in 2 viewpoints:
End-Users - Market breakup in 2 viewpoints:
Country - Market breakup of 25 Countries:
All the Key players have been covered from 3 Viewpoints:
Company Analysis: