Anti-Snoring Devices Market to Reach $511.4 Million, Globally, by 2032 at 8.1% CAGR: Allied Market Research

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The global anti-snoring devices market is experiencing growth due to factors such as the rise in prevalence of snoring and an increase in awareness about the risks associated with snoring.

Portland, OR, June 22, 2023 (GLOBE NEWSWIRE) — Allied Market Research published a report titled, Anti-snoring Devices Market, By Product (Mouthguard, Nasal Devices, EPAP Device, and Others), By End User (Homecare and Others): Global Opportunity Analysis and Industry Forecast, 2022-2032.” According to the report, the global anti-snoring devices industry was estimated at $233.9 million in 2022 and is anticipated to register $511.4 million by 2032, registering a CAGR of 8.1% from 2023 to 2033.

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Prime Determinants of Growth: –

The global anti-snoring devices market is experiencing growth due to factors such as the rise in prevalence of snoring and an increase in awareness about the risks associated with snoring. However, the inconvenience and discomfort of anti-snoring devices and the availability of alternative treatment options are hampering the market’s growth. On the contrary, technological advancement in anti-snoring devices, such as non-invasive smart wearable devices, is expected to offer remunerative opportunities for the growth of the anti-snoring devices market during the forecast period.

Report Coverage & Details: –

Report Coverage Details
Forecast Period 2023–2032
Base Year 2022
Market Size in 2022 $233.9 Million 
Market Size in 2032 $511.4 Million 
CAGR 8.1%
No. of Pages in Report 243
Segments Covered Product, End User, and Region
Drivers Rise in the prevalence of snoring

Increase in awareness about the risks associated with snoring

Opportunity Technological advancements in anti-snoring devices
Restraint Discomfort and inconvenience associated with anti-snoring devices

COVID-19 Scenario: –

  • Due to the COVID-19 pandemic and the subsequent global lockdowns, the anti-snoring devices market was moderately driven by an increase in the sale of anti-snoring devices through e-commerce platforms.
  • Furthermore, the demand for anti-snoring devices is increasing post-pandemic due to the rise in the prevalence of snoring and the easy availability of anti-snoring devices. This, in turn, presented various growth opportunities for companies operating in the anti-snoring devices market.

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The mouthguard segment to maintain its leadership status throughout the forecast period-

Based on product, the mouthguard segment held the highest market share in 2022, accounting for nearly three-fifths of the global anti-snoring devices market revenue, and is projected to maintain its leadership status throughout the forecast period. The same segment is projected to manifest the highest CAGR of 8.5% from 2023 to 2032. Owing to an increase in the prevalence of snoring and a surge in the use of mouthguards, as they are the most commonly used anti-snoring devices.

The homecare segment to maintain its lead position during the forecast period-

Based on end user, the pharmaceutical packaging segment accounted for the largest share in 2022, contributing to more than three-fifths of the global anti-snoring devices market revenue, and is expected to maintain its lead position during the forecast period. The same segment would display the fastest CAGR of 8.4% from 2023 to 2032. owing to the increase in use of anti-snoring devices by homebound patients and the easy accessibility of anti-snoring devices through online websites.

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North America to maintain its dominance by 2032-

Based on region, North America held the largest market share in terms of revenue in 2022, accounting for more than two-fifths of the global anti-snoring devices market revenue, and is projected to maintain its dominance by 2032.This is due to the rise in adoption of advanced anti-snoring devices, the increase in prevalence of snoring, and the strong presence of market key players. However, the Asia-Pacific region is expected to witness the fastest CAGR of 9.2% from 2023 to 2032, Due to an increase in the use of anti-snoring devices, an increase in healthcare expenses, and a rise in awareness of the potential risks associated with snoring.

Leading Market Players: –

  • SomnoMed
  • Apnea Sciences
  • ZQuiet
  • ResMed Inc.
  • Airway Management, Inc. 
  • Pure Sleep, LLC
  • Rhinomed
  • DentCare Dental Lab Pvt. Ltd
  • VVFLY Snore Circle
  • Koninklijke Philips N.V.

The report provides a detailed analysis of these key players in the global anti-snoring devices market. These players have adopted strategies such as product launches to increase their market share and maintain dominant positions in different regions. The report is valuable in highlighting business performance, operating segments, product portfolios, and strategic moves of market players to showcase the competitive scenario.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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