The Asia Pacific Anti-Snoring Devices Market would witness market growth of 8.1% CAGR during the forecast period (2023-2030).
The market is expected to be driven in the next years by the rising incidence of sleep apnea among the older population. According to the estimations of the National Center for Biotechnology Information (NCBI), China has the most affected obstructive sleep apnea (OSA) people.
The number of people who struggle with obesity is increasing due to factors like a sedentary lifestyle, rising alcohol and tobacco use, and consumption of processed and unhealthy foods. Growing numbers of elderly and obese people, increased awareness of the negative effects of snoring as well as the enormous benefits of treatments, and other factors are projected to drive market expansion. The market is also projected to expand as a result of rising cigarette and alcohol usage as well as technological advancements in the creation of anti-snoring equipment. It is anticipated that this market will expand due to the rising demand for anti-snoring remedies in developing nations.
The market in the region is anticipated to grow quickly due to a substantial population of untreated people with snoring problems and the rising awareness of this ailment. With rising levels of disposable income, it is also projected that product demand in this region will rise. Rising senior populations and disposable incomes in countries like China, Japan, and India are also anticipated to further bolster the industry and aid in market expansion. Therefore, these elements are expected to boost the growth of the regional market throughout the forecast period.
The China market dominated the Asia Pacific Anti-Snoring Devices Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $31.9 Million by 2030. The Japan market is estimated to grow a CAGR of 7.4% during (2023 - 2030). Additionally, The India market would witness a CAGR of 8.8% during (2023 - 2030).
Based on End User, the market is segmented into Homecare, and Others. Based on Product, the market is segmented into Mouthguard (Mandibular Advancement Devices, and Tongue Retaining Device), Nasal Devices, EPAP Device, and Others. The report also covers geographical segmentation of Anti-Snoring Devices market. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Anti-Snoring Devices Market is Projected to reach USD 403.6 Million by 2030, at a CAGR of 7.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Koninklijke Philips N.V., ResMed, Inc., SomnoMed Limited, The Pure Sleep Company, TAP Sleep Care, VVFLY Electronics Co., Ltd., Apnea Sciences Corporation, ZQuiet (Sleeping Well, LLC), and DentCare Dental Lab Pvt. Ltd.
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