Published Date: 30-Jun-2023
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According to a new report, published by KBV research, 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.
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. Since it is more convenient and comfortable for people to seek snoring reduction at home, the homecare segment is increasing rapidly. The creation of user-friendly and efficient homecare equipment is another result of technological improvements. These gadgets are user-friendly and simple to use, enabling people to independently manage their snoring issues.
The EPAP Device segment is showcasing a CAGR of 8.5% during (2023 - 2030). The introduction of new products and manufacturers' initiatives to boost sales by signing distribution agreements with powerful regional distributors are two major factors influencing the growth of this market sector. Additionally, EPAP devices have demonstrated enormous promise in helping patients with snoring problems as well as obstructive sleep apnea, which offers this segment a significant growth opportunity throughout the projection period.
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. The Europe market is showcasing a CAGR of 7.1% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 8.1% during (2023 - 2030).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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