Lucrative Growth Opportunities for the Anti-Snoring Treatments Market
Anti-snoring Devices and Snoring Surgery Market - By Device Type (MADs, TRD, Nasal Dilator, Chin Strap, Position Control, Pillows, TSD, EPAP), Surgical Procedure [UP3, LAUP, RFA, Sclerotherapy, Pillar, Others (Septoplasty, ESS)] - Global Forecast to 2020
Pune, India, September 22, 2015 (Newswire.com) - Growth in the global anti-snoring treatments market is driven by the growing geriatric and obese population, growing awareness on ill-effects of snoring, aggressive advertisement of anti-snoring treatments, presence of a large number of cigarette smokers and alcoholics, and a large pool of untapped snoring population. Companies in this market are pursuing strategies such as new product launches and acquisitions to strengthen their positions in the market.
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Key Players- Sleeping Well, LLC (U.S.), Apnea Sciences Corporation (U.S.), Tomed Dr. Toussaint GmbH (Germany), Sleep Well Enjoy Life, Ltd. (U.K.).
Rohan
The anti-snoring treatments market is segmented on the basis of device type, surgical procedure, and region. On the basis of device type, the market is segmented into oral appliances, nasal devices, chin straps, tongue-stabilizing devices (TSDs), position control devices, and expiratory positive airway pressure (EPAP) therapy devices. In 2015, the oral appliances segment is expected to command the largest share of the global anti-snoring devices market and is also slated to grow at the highest CAGR during the forecast period. This is attributed to the growing awareness among dentists and patients regarding the use of oral appliances, recommendation as a first line of anti-snoring treatment from health organizations in several regions, and launch of new and advanced products.
Currently, North America and Europe dominate the anti-snoring treatments market and are also expected to be the fastest-growing regions in the forecast period (2015-2020). Awareness and penetration for anti-snoring treatments is comparatively greater in North America and Europe. In addition, there exist a large number of cigarette smokers and alcoholics, and prominent players offering anti-snoring treatments are concentrated in these regions.
In many developing countries in Asia, factors such as growing prevalence of lifestyle diseases (which are closely linked to sleep disorders), increasing adoption of western food habits, sedentary lifestyle, and lack of exercise are prime drivers for the anti-snoring treatments market.