Tag Archives: Anti-Snoring Devices And Snoring Surgery Market

Anti-snoring Devices and Snoring Surgery Market Outlook and Forecast up to 2024

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.

This 172 page report gives readers a comprehensive overview of the anti-snoring devices and snoring surgery market. Browse through 73 data tables and 5 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/antisnoring-devices-and-snoring-surgery-market.html

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.

Request a sample of this report to know what opportunities will emerge in the rapidly evolving anti-snoring devices and snoring surgery market during 2016 – 2024: 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.”

 

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Product Innovation – A key for Enterprises Operating in Global Anti-snoring Devices and Snoring Surgery Market to strengthen their Position

Anti-Snoring Devices and Surgery Market: Snapshot

The global anti-snoring devices and surgery market is ripe for disruption. There are numerous factors pointing toward this imminent change. The spiraling number of people suffering from snoring, for one, is indicative of a larger need for user-friendly, budget-friendly, and efficacious anti-snoring devices. Although anti-snoring devices are the prime revenue generator in the global anti-snoring devices and surgery market, it is also expected that more people worldwide will undergo surgery to address the disorder.

Remunerative opportunities can be harnessed by developing devices with a compact form factor. Lighter and connectivity-enabled devices are the future of the market. From the standpoint of surgical procedures, TMR expects minimally invasive procedures involving implantable neurostimulation devices to score well.

Anti-snoring Devices Find a Footing in Asia Pacific

By geography, the market has been segmented into: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, North America and Europe collectively dominated the global anti-snoring devices and snoring surgery market in 2015.

This 172 page report gives readers a comprehensive overview of the anti-snoring devices and snoring surgery market. Browse through 73 data tables and 5 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/antisnoring-devices-and-snoring-surgery-market.html

However, several profitable opportunities are waiting to be explored in Asia Pacific. The region is characterized by a massive patient pool but also has substantial unmet needs. These dynamics will lead to new companies springing up in emerging countries in Asia Pacific. Innovative marketing and advertising campaigns in the region have taken awareness about anti-snoring devices and surgery to a new high. In the light of these reasons, TMR expects the market for anti-snoring devices and surgery in Asia Pacific to expand at the highest CAGR of 5.09% through the forecast period.

The Opportunity in Numbers

Transparency Market Research says that the global anti-snoring devices and snoring surgery market, by device type and surgical procedure, stood at US$16.07 bn and US$357.15 mn, respectively, in 2015. The anti-snoring devices and snoring surgery market, by device type and surgical procedure, is projected to expand at a CAGR of 3.91% and 3.3%, respectively, from 2016 to 2024.

The demand for anti-snoring surgery and devices will, clearly, be proportional to the increase in snoring cases diagnosed worldwide. The number of snoring cases diagnosed across the world are charting an upward graph, particularly in developed economies.

Among the causative factors of snoring are: Obesity, sleep apnea, allergies rhinitis, and sleep deprivation. Of these, obstructive sleep apnea is among the most common causes of snoring. The European Sleep Apnea Database (ESADA), for instance, shows the number of enrollments as 15,956 in March 2014. Sleep deprivation is yet another factor stoking the demand for anti-snoring products and surgical procedures. In the United States alone, approximately 50 to 70 million adults reportedly have a sleep or wakefulness disorder.

Request a sample of this report to know what opportunities will emerge in the rapidly evolving anti-snoring devices and snoring surgery market during 2016 – 2024: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6910

The report finds that an increase in obesity and overweight will subsequently lead to an increased consumer interest in anti-snoring devices and surgical procedures.

However, low patient compliance levels (mainly owing to discomfort in using anti-snoring devices) stand as an impediment to growth for players in the anti-snoring devices and surgery market. Moreover, the economic impact of sleep apnea can be particularly high as it is associated with CVD, leading patients to incur high medical expenses.

Bird’s Eye View of Competitive Arena

Fragmentation is the defining characteristic of the competitive landscape of the global anti-snoring devices and snoring surgery market. The market is teeming with numerous small and large players, each trying to rake in a larger portion of the revenue by launching innovative devices. In 2015, Medtronic plc led the market and was trailed closely by GE Healthcare. Philips followed the top two players in the same year. The three leaders held the lion’s share of over 90% of the market by revenue.

Other leading players in the market are: AccuMED Corp., Fisher & Paykel Healthcare, Apnea Sciences Corporation, ImThera Medical, Inc., ResMed, Inc., and SomnoMed.

 

Anti-snoring Devices and Snoring Surgery Market Outlook and Forecast up to 2024

Anti-Snoring Devices and Surgery Market: Snapshot

The global anti-snoring devices and surgery market is ripe for disruption. There are numerous factors pointing toward this imminent change. The spiraling number of people suffering from snoring, for one, is indicative of a larger need for user-friendly, budget-friendly, and efficacious anti-snoring devices. Although anti-snoring devices are the prime revenue generator in the global anti-snoring devices and surgery market, it is also expected that more people worldwide will undergo surgery to address the disorder.

Remunerative opportunities can be harnessed by developing devices with a compact form factor. Lighter and connectivity-enabled devices are the future of the market. From the standpoint of surgical procedures, TMR expects minimally invasive procedures involving implantable neurostimulation devices to score well.

Anti-snoring Devices Find a Footing in Asia Pacific

By geography, the market has been segmented into: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, North America and Europe collectively dominated the global anti-snoring devices and snoring surgery market in 2015.

This 172 page report gives readers a comprehensive overview of the anti-snoring devices and snoring surgery market. Browse through 73 data tables and 5 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/antisnoring-devices-and-snoring-surgery-market.html

However, several profitable opportunities are waiting to be explored in Asia Pacific. The region is characterized by a massive patient pool but also has substantial unmet needs. These dynamics will lead to new companies springing up in emerging countries in Asia Pacific. Innovative marketing and advertising campaigns in the region have taken awareness about anti-snoring devices and surgery to a new high. In the light of these reasons, TMR expects the market for anti-snoring devices and surgery in Asia Pacific to expand at the highest CAGR of 5.09% through the forecast period.

The Opportunity in Numbers

Transparency Market Research says that the global anti-snoring devices and snoring surgery market, by device type and surgical procedure, stood at US$16.07 bn and US$357.15 mn, respectively, in 2015. The anti-snoring devices and snoring surgery market, by device type and surgical procedure, is projected to expand at a CAGR of 3.91% and 3.3%, respectively, from 2016 to 2024.

The demand for anti-snoring surgery and devices will, clearly, be proportional to the increase in snoring cases diagnosed worldwide. The number of snoring cases diagnosed across the world are charting an upward graph, particularly in developed economies.

Among the causative factors of snoring are: Obesity, sleep apnea, allergies rhinitis, and sleep deprivation. Of these, obstructive sleep apnea is among the most common causes of snoring. The European Sleep Apnea Database (ESADA), for instance, shows the number of enrollments as 15,956 in March 2014. Sleep deprivation is yet another factor stoking the demand for anti-snoring products and surgical procedures. In the United States alone, approximately 50 to 70 million adults reportedly have a sleep or wakefulness disorder.

Request a sample of this report to know what opportunities will emerge in the rapidly evolving anti-snoring devices and snoring surgery market during 2016 – 2024: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6910

The report finds that an increase in obesity and overweight will subsequently lead to an increased consumer interest in anti-snoring devices and surgical procedures.

However, low patient compliance levels (mainly owing to discomfort in using anti-snoring devices) stand as an impediment to growth for players in the anti-snoring devices and surgery market. Moreover, the economic impact of sleep apnea can be particularly high as it is associated with CVD, leading patients to incur high medical expenses.

Bird’s Eye View of Competitive Arena

Fragmentation is the defining characteristic of the competitive landscape of the global anti-snoring devices and snoring surgery market. The market is teeming with numerous small and large players, each trying to rake in a larger portion of the revenue by launching innovative devices. In 2015, Medtronic plc led the market and was trailed closely by GE Healthcare. Philips followed the top two players in the same year. The three leaders held the lion’s share of over 90% of the market by revenue.

Other leading players in the market are: AccuMED Corp., Fisher & Paykel Healthcare, Apnea Sciences Corporation, ImThera Medical, Inc., ResMed, Inc., and SomnoMed.

 

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.