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

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.”

Anti-snoring Devices and Snoring Surgery Market opportunity rising up to US$22.7 bn by 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

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 - Latest Trends & Insights 2024

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 - Latest Trends & Insights 2024

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.

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

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.”

Anti-snoring Devices and Snoring Surgery Market: Sleep Apnea and Sleep Deprivation Patient Numbers on the Rise, Demand for CPAP Increases, reports TMR

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.”

Anti-snoring Devices and Snoring Surgery Market is Projected to Expand at a Steady 3.9% CAGR from 2016 to 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.

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.

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.

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

Global Report on Anti-snoring Devices and Snoring Surgery Market

The emergence of novel therapeutics has enabled the healthcare and medical industries to achieve many milestones. The impetus given to research and development activities by government and other healthcare bodies has led to the development of treatment methodologies for several chronic ailments and disorders that earlier remained untreated. Whilst contemporary healthcare has helped lower the mortality rate in chronic ailments, it has also helped healthcare professionals find a cure to the most common or widespread disorders that patients generally ignore, which may be the root of serious health issues in the long run.

Snoring is one such condition, which is very common and can affect anyone. Most often, people do not seek medical attention for snoring. What they fail to realize is that snoring may indicate sleep apnea, a potentially life-threatening condition. Sleep apnea is a breathing obstruction that can cause a person to wake up frequently to inhale oxygen. According to data released by the National Sleep Foundation, almost 90 mn adults face snoring problems and almost 37 mn of them are already habituated to snoring. Thus, it is easy to extrapolate the scale of opportunities for the global anti-snoring devices and surgeries market.

Read Full Article: http://www.transparencymarketresearch.com/article/antisnoring-devices-and-snoring-surgery-market.htm

Growing Awareness Regarding Sleep Apnea Boosts Global Market for Anti-snoring Devices and Snoring Surgery

Growing awareness worldwide regarding the health implications of snoring and negative effects of sleep apnea has helped the global market for anti-snoring devices and snoring surgery grow tremendously in the recent years. The negative effects of sleep apnea have also become a focal point of several clinical studies, which, in turn, have identified an association between snoring and cardiac arrest. The utilization of anti-snoring device has increased substantially over the last few years owing to the high prevalence of obesity and higher stress levels, which act as precursors to both snoring and cardiac arrest.

The anti-snoring devices available in the market are called oral appliances for obstructive sleep apnea. This category of products is further segmented into MAD (mandibular advancement devices), which includes bite and boil adjustable MAD equipment, TSD (tongue stabilizing device), CPAP (continuous positive airway pressure), and others (including chin and nasal strips, rings, straps). Other anti-snoring devices available in the market include SleepPro, which is available both in customized and standard forms.

For effective surgical treatment of snoring, accurate diagnosis of various obstruction levels such as oropharyngeal, retrolingual, nasal, and nasopharyngeal, or obstructions that involve multiple sites is very important. The diagnosis market, therefore, is a critical segment in the market for anti-snoring surgery. Likewise, a corresponding rise in demand for sleep apnea surgery is also noted, since it provides a cure for snoring conditions with a single treatment. However, the success of such treatments depends upon the severity of the condition and case-to-case anatomy.

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Asia Pacific Emerges as Lucrative Market

Geographically, North America dominates the market for anti-snoring surgeries and devices, with the U.S. and Canada at the forefront, trailed by Europe. Europe’s position in the global market for anti-snoring devices and snoring surgery is due to the presence of leading manufacturers of medical devices in the region. Apart from these developed regions, Asia Pacific is also emerging as a lucrative market for anti-soring devices and surgeries. The region has been very profitable for sleep apnea surgical technology in the past. Increasing influx of foreign patients and rise in medical tourism in Asia Pacific will help the anti-snoring devices and surgeries market grow in the region.

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Anti-Snoring Devices And Snoring Surgery Market - Global Industry Analysis, And Forecast 2015 - 2023

Snoring is a harsh sound produced during breathing process while the individual is in sleep, produced by tissue vibration of either soft palate, nasal area, tongue and surrounding areas. According to the data provided by National Sleep Foundation’s, nearly 90 million adults have some form snoring and more than 37 million are habituated to snoring. Thus, one can assume that the market size of the anti-snoring devices and surgeries is huge considering the size of snoring population.

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The Anti-snoring Devices and Snoring Surgery market has grown tremendously in recent years with increased consciousness towards negative effects of snoring or sleep apnea becoming the focal point of attention due to personal as well as clinical reasons. Various association studies have identified links between snoring and cardiac diseases, daytime dysfunction. Further, utilization rates for these devices and surgeries have risen sharply due to higher stress levels and obesity, which play as precursors for snoring. Thus, end user marketing strategies targeting these issues would be instrumental in creating felt needs. The anti-snoring devices are primarily Oral Appliances for Obstructive Sleep Apnea (OAOSA) and can be segmented into Mandibular Advancement Devices (MAD) including Boil & bite Adjustable MAD devices, Tongue Stabilizing Device (TSD),Continuous positive airway pressure (CPAP) devices, and others (e.g. nasal and chin strips, straps, rings etc.).Certain anti-snoring devices such as SleepPro are also available in customized forms besides the standard versions. Effective surgical treatment depends on accurate diagnosis of various obstruction levels including nasal, oropharyngeal, nasopharyngeal and retrolingual or those involving multiple sites. Therefore, diagnosis market plays a critical role in the market for surgical operation of obstruction site.

On the other hand, there is also a parallel rise in demand for sleep apnea surgery as it provides cure with a single treatment, which usually depends on the case-to-case anatomy as well as severity of the condition. The snoring surgery market can be segmented by type of surgical procedures, Uvulopalatopharyngoplasty (UPPP), Tonsillectomy and adenoidectomy, Maxillo-Mandibular Advancement (MMA),Tracheostomy, Radiofrequency ablation (RFA), Others(e.g. Nerve stimulation,Palatal implants (Pillar procedure) etc.)The innovative pillar procedure uses Dacron implants in the muscle layer for stiffening the soft palate, which prevents vibration and intermittent obstruction.

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On the basis of end users Anti-snoring Devices and Snoring Surgery market can be segmented into hospitals, medical research institutes and CROs, technology vendors and other end users. Geographically, North America (U.S and Canada) dominate the Anti-snoring Devices and Snoring Surgery market followed by Europe as leading manufacturers of devices and surgical operations are based in this region. However, Asia Pacific is also expected to be profitable market for sleep apnea surgical technology with the rise of medical tourism and wider acceptability for anti-snoring devices in this region. At the level of sleep apnea surgeries, these factors would be attributed to higher purchasing power coupled with awareness of negative health impact of snoring and health consciousness in Asia Pacific. However, some of the restraints in this foresighted growth will be attributed to the high cost and possible post-operative complications.

Some of the key players operating in the Anti-snoring Devices and Snoring Surgerymarket include Apnea Sciences Corporation, Innovation health technologies, MEDiTAS Ltd., Medtronic, MPowRx Health and Wellness Products 2012 Inc., Orthopeutics, L.P., Restore Medical Solutions, Inc., TOMED Dr. Toussaint GmbH, Triointeractive cc., The Pure Sleep Company among others.

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