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.
Artificial Intelligence Will Drive Growth in the Anti-Snoring Devices Market
Anti-snoring devices are used to treat snoring and sleep apnea. These devices include mandibular advancement devices, tongue stabilizing devices, nasal devices, chin straps, position control devices, and more. They work by changing the sleeper's breathing passageway or positioning the jaw, tongue, or head in order to reduce or eliminate snoring noises. The global anti-snoring devices market is growing due to the increasing awareness about the ill-effects of loud and chronic snoring, and the availability of verschieden products.
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.
Key Takeaways
Key players operating in the anti-snoring devices market are Apnea Sciences, Sleeping Well, LLC, The Pure Sleep Company, Zquiet, and GlaxoSmithKline Plc. The growing prevalence of sleep disorders like snoring and obstructive sleep apnea is driving the demand for anti-snoring devices. Technological advancements are also fueling the market growth. Companies are developing smart devices integrated with sensors and algorithms that can detect snoring sounds and adjust the product settings automatically.
The rising awareness about sleep-related issues and available treatment options among consumers is a key trend in the Anti-Snoring Devices Market. Manufacturers are focusing on innovative product designs and materials that improve comfort and compliance. Integration of artificial intelligence through sensors, algorithms and smart devices is also gaining attention. This enables continuous monitoring and automatic adjustment of devices based on sleeping patterns.
Market Opportunities
The untapped developing regions present major growth opportunities for players. Increasing healthcare expenditure and improving access to diagnosis and treatment in Asia Pacific and Latin America will support the demand. Rising disposable income allows more consumers in these regions to opt for expensive smart anti-snoring devices. Additionally, integration with smartphones and smartwatches allows monitoring and control of devices from any place, opening up opportunities for remote healthcare provision.
Impact of COVID-19 on Anti-Snoring Devices Market Growth
The COVID-19 pandemic has significantly impacted the growth of the anti-snoring devices market. During the initial lockdown phases declared by various governments worldwide, manufacturing facilities and supply chains were disrupted. This led to shortages in the supply of anti-snoring devices and a decline in demand from consumers. With people staying indoors, the incidences of snoring also reduced to some extent which further hampered the market growth.
As the lockdowns have eased now in many parts of the world, manufacturing and distribution channels are gradually recovering. However, consumer spending on non-essential products has reduced significantly due to economic uncertainties. Additionally, people are still wary of visiting medical stores and clinics for advice on anti-snoring treatments owing to safety concerns. This has slowed the adoption of innovative anti-snoring devices and replacement sales.
Going forward, the anti-snoring devices market is expected to witness renewed growth as the pandemic situation stabilizes. Manufacturers are focusing on strengthening their online sales channels and offering attractive discounts to boost demand. Also, with growing awareness about respiratory issues arising from prolonged snoring, people may prioritize tackling snoring issues. The increasing shift towards teleconsultation and home delivery of products can further aid the market rebound in the post-COVID period.
Geographical Regions with High Concentration of Anti-Snoring Devices Market
The North American region accounts for the largest share of the global anti-snoring devices market in terms of value. This can be attributed to the rising prevalence of obesity and sleep apnea cases in countries like the US and Canada. Also, high consumer affordability and better awareness regarding available treatment options support market growth.
Another fast-growing region for anti-snoring devices is Western Europe led by countries like Germany, UK and France. This trend is driven by the increasing preference for non-surgical procedures, growing medical tourism industry and favorable reimbursement policies for respiratory devices in countries like Germany.
Fastest Growing Region for Anti-Snoring Devices Market
The Asia Pacific region is poised to witness the fastest growth in the anti-snoring devices market over the forecast period. This growth can be accredited to factors such as the rising geriatric population, increasing cases of lifestyle diseases and surging medical tourism in countries like India, China and Japan.
Additionally, improving access to healthcare facilities coupled with growing consumer affordability in developing Asian economies is supporting market expansion. Also, lack of stringent regulations for new products provides scope for innovative offerings. Overall, China, India and other Southeast Asian countries are projected to drive future market opportunities for anti-snoring devices companies.
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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc.
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