The Global Anti-Snoring Devices Market size is expected to reach $403.6 million by 2030, rising at a market growth of 7.5% CAGR during the forecast period.
Homecare is gaining popularity among these devices because of the convenience and comfortability. Moreover, the demand for the product is anticipated to grow due to an increase in the elderly population. Therefore, the homecare sector is anticipated to capture 3/4th share of the market by 2029. The aged population has additional health issues like sleep disorders, breathing problems, and weight gain. According to the World Ageing Population Report published by the World Health Organization (WHO), there were around 703 million people aged 65 and over in 2019, and the report predicts that the proportion will increase to 1.5 billion by the year 2050. In the entire world, the percentage of people 65 and older rose from 6% in 1990 to 9% in 2019. By 2050, that percentage is predicted to increase to 16%. Some of the factors impacting the market are increasing awareness of snoring as a health issue, rising prevalence of sleep disorders and snoring, and availability of alternative treatment methods.
There has been an increase in consumer knowledge about the negative effects of snoring on sleep quality and general health. In order to increase awareness of snoring as well as its potential health concerns, numerous public health programs have been undertaken. These initiatives seek to inform the public about the significance of tackling snoring as a serious sleep-related problem. Therefore, the rising knowledge of the ill effects of snoring has motivated consumers to treat their snoring problems, propelling the growth prospects for the market.
The growing prevalence of snoring and sleep disorders, including obstructive sleep apnea (OSA), insomnia, etc., is increasing the need for devices to mitigate snoring. For instance, according to the National Center for Biotechnology Information (NCBI), nearly 1 billion people worldwide are affected with OSA (using the criterion of 5 or more occurrences per hour). As a result, people are trying to amend their sleeping patterns, for which they also opt for various anti-snoring devices. Such factors are boosting the growth of the market throughout the forecast period.
However, the availability and preference for complementary therapies such as oral drugs and surgical procedures restrain the uptake of anti-snoring devices. Nowadays, various surgeries are available, like uvulopalatopharyngoplasty, radiofrequency ablation, sclerotherapy, laser-assisted uvulopalatoplasty, pillar procedure, and others that can resolve the issue of snoring. Anti-snoring device use may be replaced by some of these alternatives, which could restrain the market's expansion. The market was slightly negatively impacted by the COVID-19 pandemic. Due to the simple accessibility of anti-snoring devices through online pharmacies and other platforms, the COVID-19 pandemic increased demand for these devices. Fewer patients visited the hospital as a result of the pandemic. All of this had a marginally unfavorable effect on the market.
Based on product, the market is characterized into mouthguard, nasal devices, EPAP device, and others. The mouthguard segment garnered the highest revenue share in the market in 2022. The remarkable efficiency of mouthguard devices like mandibular advancement devices in decreasing snoring is responsible for the growth of the segment. In addition, compared to other kinds of snoring equipment, mouthguards are non-intrusive as well as simple to use.
By end user, the market is divided into homecare and others. The others segment garnered a remarkable growth rate in the market in 2022. The others segment includes clinics, retail pharmacy, hospital, and online shopping. During the projection period, e-commerce is anticipated to expand quickly. Consumers' growing preference for online purchasing is one of the key factors influencing the expansion of e-commerce for anti-snoring devices. For items frequently seen as private or sensitive, like anti-snoring or sleep apnea equipment, many consumers appreciate the convenience and availability of internet buying.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 227.4 Million |
| Market size forecast in 2030 | USD 403.6 Million |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 7.5% from 2023 to 2030 |
| Number of Pages | 180 |
| Number of Table | 340 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Product, End User, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment procured the highest revenue share in the market in 2022. The region's huge elderly population and high snoring prevalence have fueled demand. This rising demand is propelling the market. Additionally, the healthcare sector is a focus for technology development and innovation in North America. Many of the top manufacturers of medical devices are based in this region, and they are making significant R&D investments to create cutting-edge anti-snoring products.
Free Valuable Insights: Global Anti-Snoring Devices Market size to reach USD 403.6 Million by 2030
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Koninklijke Philips N.V., ResMed, Inc., SomnoMed Limited, The Pure Sleep Company, TAP Sleep Care, VVFLY Electronics Co., Ltd., Apnea Sciences Corporation, ZQuiet (Sleeping Well, LLC), and DentCare Dental Lab Pvt. Ltd.
By End User
By Product
By Geography
The Market size is projected to reach USD 403.6 million by 2030.
Increasing awareness of snoring as a health issue are driving the Market in coming years, however, Availability of alternative treatment methods restraints the growth of the Market.
Koninklijke Philips N.V., ResMed, Inc., SomnoMed Limited, The Pure Sleep Company, TAP Sleep Care, VVFLY Electronics Co., Ltd., Apnea Sciences Corporation, ZQuiet (Sleeping Well, LLC), and DentCare Dental Lab Pvt. Ltd.
The Homecare segment acquired the maximum revenue share in the Global Anti-Snoring Devices Market by End User in 2022 thereby achieving a market value of $270.3 Million by 2030.
The North America region dominated the Global Anti-Snoring Devices Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $145.4 Million by 2030.
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