Global anti-snoring devices and snoring surgery market is growing with rise in the geriatric as well as obese population, more of technological advancement, growing awareness regarding ill effects of snoring and related advantages, increase in the consumption of cigarettes and alcohol.

Pune, India -- (SBWire) -- 05/29/2018 --Global Anti-Snoring Devices And Snoring Surgery Market is expected to reach USD 19,235.85 million by 2024 from USD 9,620.00 million in 2016, at a CAGR of 9.2% in the forecast period 2017 to 2024.

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Major Players: Global Anti-Snoring Devices and Snoring Surgery Market

Some of the major players operating in this market are


- SLEEPING WELL,

- Apnea Sciences Corporation,

- The Pure Sleep Company,

- Somnomed Ltd,

- among others.


Drivers: Global Anti-Snoring Devices and Snoring Surgery Market

The major factors driving the growth of this market are the rise in the geriatric as well as obese population, more of technological advancement, growing awareness regarding ill effects of snoring and related advantages, increase in the consumption of cigarettes and alcohol which is boosting the market.

RISE IN THE GERIATRIC AS WELL AS OBESE POPULATION

Snoring is the shuddering of respiratory structures and the consequential sound due to obstructed air movement during breathing in the sleep. The world ageing population is increasing rapidly worldwide. The population of people over 65 years is increasing faster than other age group and snoring is a common disorder in witnessed in age group of more than 65 years and are diagnosed with obstructive sleep apnea (OSA). According to the World Health Organization, the current European region population is estimated to increase from 840.0 million to 910.0 million by 2020. Also the number of people with age 85 years and older projected to increase from 14.0 million in 2016 to 19.0 million in 2020. The population above 85 years will reach upto40.0million by 2050. However, according to Asian Development, Asia's elderly population is estimated to reach nearly 923.0 million by 2050. As a result of this, the ageing population in Asia-Pacific region is expected to increase in next 20 years to become one of the oldest in the world. Older population is inclined to have more daytime sleepiness and sleep disorder breathing is increasing in this category of people. Thus increasing ageing population has increased the demand of anti-snoring devices due to increased incidences of respiratory and sleeping disorders. This has resulted in rising number of surgical procedures for treatment of anti-snoring and respiratory disorders.

The overweight of a person can intensify snoring, due to the the turbulence in the throat is the contraction of the airway due to the fat deposited in the neck. According to WHO, in 2016, around 1.9 billion adults, 18 years and older, were in the category of overweight. Out of these over 650 million were obese.

The growing ageing and obese population are among the biggest reasons in the growth of the anti-snoring devices and snoring surgery market.

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Market Segmentation:


- The global anti-snoring devices and snoring surgery market is segmented based on type into six notable segments; Uvulopalatopharyngoplasty (UPPP), Laser-Assisted Uvulopalatoplasty (LAUP), Radiofrequency Ablation (somnoplasty), Pillar Procedure, Palatal Stiffening Procedures, Injection Snoreplasty/Sclerotherapy and Others. In 2017, uvulopalatopharyngoplasty is expected to dominate the global anti-snoring devices and snoring surgery market with 31.1% market share and is expected to reach USD 5,865.28 million by 2024, with a CAGR of 8.9% in the forecast period 2017 to 2024. However radiofrequency ablation (somnoplasty) is expected to grow at the highest CAGR of 10.8% in the forecast period, to reach USD 4,157.58 million by 2024 from USD 1,848.34 million in 2016 in the forecast period 2017 to 2024.

- On the basis of end user, the global anti-snoring devices and snoring surgery market is segmented into five notable segments; hospitals, home healthcare, sleep clinics, community healthcare and others. In 2017, hospitals segment is expected to dominate the market with the market share of 59.8% the market is expected to reach USD 11041.50 million by 2024, growing with a CAGR of 8.6% in the forecast period 2017 to 2024. However, home healthcare segment is expected to grow with the highest CAGR of 10.6% in the forecast period, and is expected to reach USD 5128.33 million in 2024 from USD 2315.89 million in 2016.

- On the basis of distribution channel, the Global anti-snoring devices and snoring surgery market is classified into retail and direct sales. In 2017, retail segment is expected to dominate the global anti-snoring devices and snoring surgery market with 77.7% market share and is expected to reach USD 15371.88 million by 2024, with the highest CAGR of 9.6% in the forecast period 2017 to 2024.


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