Snoring is a common problem worldwide and can happen with people of all age groups, especially adults. Various studies estimate that globally, as much as 30% of people aged 30 and above snore. The percentage rises to 40% when it comes to middle-aged people. The problem calls for user-friendly, budget-friendly, and efficient anti-snoring devices that cater to different requirements of consumers.
Browse Full Global Anti-snoring Devices and Snoring Surgery Market Report with TOC :http://www.mrrse.com/antisnoring-devices-and-snoring-surgery-market
According to a report by Transparency Market Research (TMR), the growing prevalence of snoring will help anti-snoring devices to tread along a growth path in the forthcoming years.
Growing Prevalence of Sleep Apnea to Increase Consumer Interest in Anti-snoring Devices
The number of snoring cases diagnosed across the world are showing an uptick every year. The factors causing snoring include allergies, rhinitis, sleep apnea, obesity, sleep deprivation, and hypertension. Sleep apnea is the most prevalent cause among all. Sleep apnea may occur in 20% to 40% of adult snorers. Also, a person afflicted with sleep apnea is four times as likely to have a heart stroke. This fact has led to an augmented consumer interest in surgical procedures in order to address the problem.
Sleep deprivation is another prominent factor that is boosting the sales of anti-snoring products and surgical procedures. The U.S. alone has 50 to 70 mn adults suffering from sleep deprivation. The number of cases of obesity and overweight are charting an upward graph, thereby fueling the demand for anti-snoring devices and surgical procedures.
Modifications in Design of Anti-snoring Devices to Bring Remunerative Opportunities
By device type, the global anti-snoring devices and snoring surgery market was valued at US$16.07 bn in 2015 and is anticipated to progress at a CAGR of 3.91% between 2016 and 2024. By the end of 2024, this revenue is expected to reach US$ 22,706.4 Mn. Manufacturers are developing anti-snoring devices that are more compact in form. Connectivity-enabled and lighter devices are likely to gain popularity in the near future. These trends can stoke the growth of the global anti-snoring devices and surgical procedures market.
However, patients are reluctant to adopt anti-snoring devices mainly due to discomfort in using them and lack of training in handling the devices. Also, they have to face certain side-effects such as nasal congestion and throat dryness. These factors along with the high price of the devices are dampening their sales.
Based on surgical procedures, the valuation of the global anti-snoring devices and snoring surgery market was US$357.15 mn in 2015 and is expanding at a CAGR of 3.3% between 2016 and 2024. By the end of 2024, this revenue is expected to reach US$481.35 mn, and is attributed to the positive trend of people undergoing surgery to curb snoring. The patients are showing greater interest in addressing the disorder permanently and at once rather than using devices over long terms. This, combined with the surge in minimally-invasive procedures involving implantable neurostimulation devices is likely to score well, propelling the growth of the global anti-snoring devices and surgical procedures market.
Browse the full Press Release of Global Anti-snoring Devices and Snoring Surgery Market at http://www.mrrse.com/antisnoring-devices-and-snoring-surgery-industry
Untapped Opportunities to Make Asia Pacific a Lucrative Market
The Asia Pacific regional market is characterized by immense untapped opportunities. The region has a large pool of patients with unmet needs. These dynamics are attracting global vendors to operate in this region. The growing awareness in Asia Pacific about the anti-snoring devices and surgery can be attributed to innovative marketing and advertising campaigns. These factors have made APAC the fastest-growing regional segment, progressing at a CAGR of 5.09% from 2016 to 2024.
However, Europe and North America will collectively lead the global anti-snoring devices and snoring surgery market till 2024. The robust growth in these regions can be attributed to growing prevalence of sleep apnea and hypertension, owing to changing lifestyles.