TMR Research has come up with a new research report that offers key insights and information about the global anti-snoring devices market. The research reports sheds light on the prominent segments, key driving and restraining factors, geographical outlook, and the current situation of the vendor landscape of the global market.
Technological Developments to Help in Market Development
Snoring is among the most common disorders found in millions across the globe. As per the research findings published by the American Sleep Apnea Association, nearly more than 22 million people suffer from mild to severe form of sleep apnea in the US alone. The treatment for snoring includes the utilization of anti-snoring devices. At times, surgical treatment is also used depending upon the severity and magnitude of the disorder. In recent years, there has been a growing awareness about sleeping disorders. This has led to an increased adoption of anti-snoring devices leading to the overall development of the global market. Some of the most commonly adopted anti-snoring devices are mandibular advancement devices (MAD) and nasal devices. In the past ten years, there have been launches of several new and innovative anti-snoring devices, which has also helped in the overall development of the global market. Technological developments and advancements such as snoreplasty injection and related products are also expected to massively help the development of the global anti-snoring devices market in the coming years of the forecast period.
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Another key factor that is helping the growth of the global anti-snoring devices market is the increasing prevalence of sleep apnea disorder among masses across the world. In recent years, there have been a lot of awareness raising campaigns about sleep apnea and how to cure it. This has also helped in the creating awareness about the presence and utility of anti-snoring devices and ultimately helping the growth of the global market.
However, there are some factors that might lead to the slowdown of the growth of the global anti-snoring devices market. These factors would stop the market realizing its full potential. One of the key restraining factors for the growth of the global anti-snoring devices market has been the lack of general awareness among masses about the use and benefits of these devices in several developing countries. Some recent trends suggest that masses are now preferring personalized medicine and global market is also moving in that direction. However, high prices associated with customized devices can lead to impeding of the global anti-snoring devices market in the coming years of the forecast period.
North America to Retain its Dominance in Coming Years
As per the research report published by TMR Research, the global anti-snoring devices market is segmented into five key regional segments. These regions are North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Of these, currently, the global market is expected to be led by the regional segment of North America. High awareness among masses and early as well as easy availability of new and innovative devices in the region is expected to help to the growth of the market in North America.
On the other hand, the regional segment of Asia Pacific is projected to witness a highly promising growth in the coming years of the forecast period. The growth of the regional market is being driven by the increasing supportive and regulatory initiatives launched by governments in the region. Moreover, increasing demand from the emerging economies such as India and China are also projected to help the overall development of the Asia Pacific anti-snoring devices market in the coming years of the forecast period.
Some of the key companies in the global anti-snoring devices market are Ortho Organizers, Inc., Advanced Brain Monitoring, Inc., Oscimed SA, ImThera Medical, Medtronic plc, Philips Healthcare, Sleeping Well LLC, Somnomed Limited, Tomed Dr. Toussaint Gmbh and Fisher & Paykel Healthcare Limited
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