Tag Archives: Anti-Snoring Devices And Snoring Surgery Market

Anti-snoring Devices and Snoring Surgery Market: Challenges and Opportunities

The leading companies operating in the anti-snoring devices and snoring surgery market have been focusing on product innovation and miniaturization of sleep apnea devices. This is a novel trend swaying the global anti-snoring devices and snoring surgery market. Integrated by the nanotechnology, this trend could be a major determinant for the market’s growth. Currently, the market is exhibiting a strong focus on innovation, as per a new study by Transparency Market Research. Efforts by new and existing players have resulted in the development of an impressive pipeline of products that are expected to help find better cure for people suffering from sleep apnea.

 Read Full Report: http://www.transparencymarketresearch.com/antisnoring-devices-and-snoring-surgery-market.html

 Q: What strategies are the leading market players adopting to gain stronghold?

 A: The global anti-snoring devices and snoring surgery market is marked by the presence of an increasing number of companies which has rendered its vendor landscape highly competitive and fragmented. TMR finds that enterprises such as Medtronic plc, Philips Healthcare, GE Healthcare, Fisher & Paykel Healthcare, and ResMed, Inc are not only leading market participant but also hold significant share in the global market with their robust geographic reach and extensive product portfolio.

 Of these, Medtronic has managed emerging dominant in the overall market following a slew of recent acquisitions. Medtronic along with Phillips Healthcare and GE healthcare are the top players in the market, contributing a whopping 93.69% of the overall revenue generated by the market. In order to accelerate their pace of gains, a majority of the leading companies operating in the anti-snoring devices and snoring surgery market are investing in research and development activities.

 Download exclusive Sample of this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6910

 Besides this they are also focusing on product innovation to strengthen their position in the market. For instance, an Australian company has recently launched a 3D printed anti-snoring device that can be customized based on an individual’s need. The medical device company is called Oventus Medical and is based in Melbourne, Australia. It is set to manufacture a device they named O2Vent. It is a lightweight titanium devices and can help patients stop snoring by delivering air to the back of his or her mouth. Such innovations hold great promise of the company success in the market

 Q: Which region will offer most lucrative opportunities to the market?

 A: North America and Europe together dominated the global anti-soring devices and snoring surgery market in 2015. While these are mature markets, the opportunities existing in Asia Pacific is also expected to prove quite lucrative for companies manufacturing anti-snoring devices. Because the region is characterized by presence of unmet medical needs and high patient pool it is expected to attract several of the small or medium scale companies and new entrants looking to establish their footprint in the market. In addition favorable government initiatives to spread awareness about sleep apnea and its possible treatments will also support the market’s strong growth in Asia Pacific.

 

Anti-snoring Devices and Snoring Surgery Market: Challenges and Opportunities

The leading companies operating in the anti-snoring devices and snoring surgery market have been focusing on product innovation and miniaturization of sleep apnea devices. This is a novel trend swaying the global anti-snoring devices and snoring surgery market. Integrated by the nanotechnology, this trend could be a major determinant for the market’s growth. Currently, the market is exhibiting a strong focus on innovation, as per a new study by Transparency Market Research. Efforts by new and existing players have resulted in the development of an impressive pipeline of products that are expected to help find better cure for people suffering from sleep apnea.

Read Full Report: http://www.transparencymarketresearch.com/antisnoring-devices-and-snoring-surgery-market.html

Q: What strategies are the leading market players adopting to gain stronghold?

A: The global anti-snoring devices and snoring surgery market is marked by the presence of an increasing number of companies which has rendered its vendor landscape highly competitive and fragmented. TMR finds that enterprises such as Medtronic plc, Philips Healthcare, GE Healthcare, Fisher & Paykel Healthcare, and ResMed, Inc are not only leading market participant but also hold significant share in the global market with their robust geographic reach and extensive product portfolio.

Of these, Medtronic has managed emerging dominant in the overall market following a slew of recent acquisitions. Medtronic along with Phillips Healthcare and GE healthcare are the top players in the market, contributing a whopping 93.69% of the overall revenue generated by the market. In order to accelerate their pace of gains, a majority of the leading companies operating in the anti-snoring devices and snoring surgery market are investing in research and development activities.

Download exclusive Sample of this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6910

Besides this they are also focusing on product innovation to strengthen their position in the market. For instance, an Australian company has recently launched a 3D printed anti-snoring device that can be customized based on an individual’s need. The medical device company is called Oventus Medical and is based in Melbourne, Australia. It is set to manufacture a device they named O2Vent. It is a lightweight titanium devices and can help patients stop snoring by delivering air to the back of his or her mouth. Such innovations hold great promise of the company success in the market

Q: Which region will offer most lucrative opportunities to the market?

A: North America and Europe together dominated the global anti-soring devices and snoring surgery market in 2015. While these are mature markets, the opportunities existing in Asia Pacific is also expected to prove quite lucrative for companies manufacturing anti-snoring devices. Because the region is characterized by presence of unmet medical needs and high patient pool it is expected to attract several of the small or medium scale companies and new entrants looking to establish their footprint in the market. In addition favorable government initiatives to spread awareness about sleep apnea and its possible treatments will also support the market’s strong growth in Asia Pacific.

Anti-snoring Devices and Snoring Surgery Market: Challenges and Opportunities

The leading companies operating in the anti-snoring devices and snoring surgery market have been focusing on product innovation and miniaturization of sleep apnea devices. This is a novel trend swaying the global anti-snoring devices and snoring surgery market. Integrated by the nanotechnology, this trend could be a major determinant for the market’s growth. Currently, the market is exhibiting a strong focus on innovation, as per a new study by Transparency Market Research. Efforts by new and existing players have resulted in the development of an impressive pipeline of products that are expected to help find better cure for people suffering from sleep apnea.

Read Full Report: http://www.transparencymarketresearch.com/antisnoring-devices-and-snoring-surgery-market.html

Q: What strategies are the leading market players adopting to gain stronghold?

A: The global anti-snoring devices and snoring surgery market is marked by the presence of an increasing number of companies which has rendered its vendor landscape highly competitive and fragmented. TMR finds that enterprises such as Medtronic plc, Philips Healthcare, GE Healthcare, Fisher & Paykel Healthcare, and ResMed, Inc are not only leading market participant but also hold significant share in the global market with their robust geographic reach and extensive product portfolio.

Of these, Medtronic has managed emerging dominant in the overall market following a slew of recent acquisitions. Medtronic along with Phillips Healthcare and GE healthcare are the top players in the market, contributing a whopping 93.69% of the overall revenue generated by the market. In order to accelerate their pace of gains, a majority of the leading companies operating in the anti-snoring devices and snoring surgery market are investing in research and development activities.

Download exclusive Sample of this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6910

Besides this they are also focusing on product innovation to strengthen their position in the market. For instance, an Australian company has recently launched a 3D printed anti-snoring device that can be customized based on an individual’s need. The medical device company is called Oventus Medical and is based in Melbourne, Australia. It is set to manufacture a device they named O2Vent. It is a lightweight titanium devices and can help patients stop snoring by delivering air to the back of his or her mouth. Such innovations hold great promise of the company success in the market

Q: Which region will offer most lucrative opportunities to the market?

A: North America and Europe together dominated the global anti-soring devices and snoring surgery market in 2015. While these are mature markets, the opportunities existing in Asia Pacific is also expected to prove quite lucrative for companies manufacturing anti-snoring devices. Because the region is characterized by presence of unmet medical needs and high patient pool it is expected to attract several of the small or medium scale companies and new entrants looking to establish their footprint in the market. In addition favorable government initiatives to spread awareness about sleep apnea and its possible treatments will also support the market’s strong growth in Asia Pacific.

Anti-snoring Devices and Snoring Surgery Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024

The presence of an increasing number of companies manufacturing and selling anti-snoring devices today has rendered the competitive landscape of the anti-snoring devices and snoring surgery market extremely fragmented, Transparency Market Research (TMR) finds. GE Healthcare, Philips Healthcare, Fisher & Paykel Healthcare, Medtronic plc, and ResMed, Inc. are not only the prominent players in the global anti-snoring devices and snoring surgery market but also account for a significant percentage share of the overall market. Although SomnoMed does not account for a major share in terms of percentage, its extensive product portfolio and robust market presence makes it a strong contender in the anti-snoring devices and snoring surgery market.

A slew of recent acquisitions have enabled Medtronic to emerge as the largest revenue contributor when it comes to anti-snoring devices. The top three companies in the global anti-snoring devices and snoring surgery market – namely Medtronic, GE Healthcare and Philips Healthcare, contribute a whopping 93.69% to the entire revenue pie. TMR has observed that a surge in R&D activities has strengthened the position of these companies in the global anti-snoring devices and snoring surgery market.

Read Full Report: http://www.transparencymarketresearch.com/antisnoring-devices-and-snoring-surgery-market.html

TMR makes several key projections on the future outlook of this market.

Demand for low-cost and connected devices will gain speed

“The introduction of innovative devices is just as vital in gaining a competitive edge,” says a TMR analyst. “Anti-snoring device companies have been increasingly focused on improving the performance of existing products. The miniaturization of sleep apnea devices is a recent trend driven by the integration of nanotechnology.

The demand for compact and low-cost devices has provided vendors a major opportunity. Case in point, Airing LLC. The medical device company launched a revolutionary disposable, battery-operated, and cordless micro-continuous positive airway pressure (CPAP) device in May 2015.

The large-scale proliferation of the Internet of Things (IoT) has penetrated the medical devices sector as well. The growing demand for connected and wireless devices as well as remote patient monitoring is reflected in the way an increasing number of anti-snoring devices companies are integrating IoT with their products. Medco Health is one such company. In February 2015, the medical device maker launched an innovative telemedicine assistance system that not only monitors the sleeping patterns of patients with obstructive sleep apnea disorder but also helps schedule doctors’ appointments.

Download exclusive Sample of this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6910

It has been observed that leading vendors have also been investing significant resources in enhancing the performance of anti-snoring devices to drive the acceptance and sales of anti-snoring devices.

Companies will need to overcome lack of patient compliance to spur sales

The demand for anti-snoring devices and snoring surgery is being driven by a number of physiological factors. A surge in the incidence of obstructive sleep apnea, an increase in the number of people suffering from sleep deprivation and snoring, and an alarming prevalence of obesity have considerably fueled the need for anti-snoring devices. “People with obesity are four times more likely to snore compared to those of normal weight,” states TMR based on its findings.

The development of state-of-the-art technologies by market players and a focus on extensive marketing have also enhanced the uptake of anti-snoring devices.

In contrast, a lack of patient compliance, certain side effects such as throat dryness and nasal congestion, ambiguity in handling the device have limited the use of anti-snoring devices among patients. The high price of these devices is also a major factor dampening the sales of the devices.

Request For Discount On This Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=6910

Competitive pricing of devices is likely to curb high revenue growth

The global market for anti-snoring devices and snoring surgery is projected to expand at a steady 3.9% CAGR from 2016 to 2024, with the market opportunity rising from US$16 bn in 2015 to US$22.7 bn by 2024. Continuous positive airway pressure (CPAP) devices rake in the highest revenue in terms of device. The opportunity of this device segment is forecast to increase from US$12.1 bn in 2015 to US$16.4 bn by 2024.

On the other hand, tongue stabilizing devices (TSDs) are likely to witness the highest growth, with sales rising from 32.81 mn units in 2015 to 51.54 mn units by the end of 2024. However, TMR states that the competitive pricing of these devices limits revenue growth.

The information presented in this review is based on the findings of a report by Transparency Market Research titled “Anti-snoring Devices and Snoring Surgery Market – Global Industry Analysis, Size, Growth, Trends, and Forecast 2015 – 2023.”

 

Integration of IoT and Nanotechnology will Drive Demand for and Sales of Anti-snoring Devices and Snoring Surgery, TMR says

The global anti-snoring devices and snoring surgery market procedures is largely consolidated. In 2014, GE Healthcare, Philips Healthcare, and Medtronic Plc. were the leading players in the market. They had collectively held a share of 93.69% in terms of value. Each of the key players possess exceptionally strong distribution chains and a wide product array under their belts.

According to a new research report released by Transparency Market Research, the threat exuded by new entrants to the global anti-snoring devices and snoring surgery market is expected to remain moderate in the years to come. Key players hold a monopoly over the market through high rates of mergers and acquisitions, while new players are also deterred by high development costs and high costs of surgery.

The global market for anti-snoring devices is expected to be evaluated at US$22.70 bn by 2024. It is projected at a CAGR of 3.9% from 2016 to 2024 and is expected to reach US$16.70 bn by the end of 2016. The global market for snoring surgery procedures is expected to expand at a CAGR of 3.3% from 2016 to 2024. This market’s revenue is expected to reach US$370.95 mn by the end of 2016 and US$481.35 mn by the end of 2024.

Continuous positive airway pressure devices are expected to continue being the leading anti-snoring device in terms of revenue for the near future. By 2024, this device segment is expected to generate a revenue of US$16.47 bn. Meanwhile, owing to high demand, tongue stabilizing devices are expected to show the leading CAGR of 5.14% from 2016 to 2024.

North America to Continue Leading Anti-snoring Devices and Snoring Surgery Procedures Consumption

North America has consistently generate the leading demand volume for anti-snoring devices and snoring surgery procedures. By the end of 2024, North America is expected to generate US$11.15 bn in revenue from this market. This region has consistently received a timely upgrade of technologies in this field, coupled with a high demand from a large volume of people who are aware of the options.

On the other hand, Asia Pacific is taking the lead in terms of growth in demand by expanding at a projected CAGR 5.2% in revenue from 2016 to 2024. The growth rate is attributed to the significant rate of increase in awareness along with the rising disposable incomes of people.

Growing Sleep Deprivation and Sleep Apnea Cases Propel use of Anti-snoring Devices and Surgery

“Sleep deprivation is a huge problem the people of today’s world are facing. A large number of people are suffering from it and are consequently susceptible to falling prey to chronic diseases, including obesity, hypertension, depression, and diabetes. This forms the core of all reasons driving the need for anti-snoring devices and snoring surgery procedures,” states a TMR analyst.

Sleep apnea is affecting a regularly increasing number of people around the world. Studies conducted by organizations such as the ESADA have already pointed to the incremental growth rate of sleep apnea cases. These patients are high-priority recipients of anti-snoring devices and snoring surgery procedures.

View exclusive Global strategic Business report : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6910

Patient Compliance Still Low in Snoring Diagnostics, Hampers Anti-Snoring Device Sales

As stated in earlier research studies, close to a staggering 80% of the patients that were recommended for the usage of CPAP devices were non-compliant to the treatment, citing complaints made of the treatments being too uncomfortable or the devices being too difficult to handle. Most of the patients have shown compliance in the early stages of treatment, but the number of compliant patients dwindles over time due to these issues along with common side-effects such as throat dryness, nasal congestion, or nasal passage dryness.

“Research and development efforts do need to be stepped up, as they already have been by several key players. Examples in recent innovations in this market include the Provent’s release of light, small and battery-operated CPAP devices that can be controlled using Bluetooth communication,” adds the analyst.

The information presented in this review is based on a Transparency Market Research report, titled, “Anti-snoring Devices and Snoring Surgery Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”