In a recent published report, Kenneth Research has updated the market report for Anti-Snoring Devices and Snoring Surgery Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Anti-Snoring Devices and Snoring Surgery Market products.
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Kenneth Research has recently added a report titled Anti-Snoring Devices and Snoring Surgery Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2021 2030. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth.
According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
The Anti-Snoring Devices and Snoring Surgery Market report provides an in-depth analysis of the Healthcare & Pharmaceuticals during the forecast period 2018-2026 which consists of the industry overview including the market size, volume, growth rate and recent trends and developments in the market based on historical and current data. The report covers detailed information about the key players, market segments, growth drivers and restraints in the industry. The report delivers an insight into the Anti-Snoring Devices and Snoring Surgery Market which allows our clients to make informed decisions regarding the growth of their businesses.The Global Anti-Snoring Devices and Snoring Surgery Market Size is anticipated to reach over USD 2,461. Million by 2026
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according to a new research published by Polaris Market Research.Snoring is a common sleeping condition caused owing to the airway blockage. Snoring is a symptom or indication of obstructive sleep apnea. The airway block is originated from various causes such as tonsil enlargement, nasal congestion, or improper mouth anatomical structure, which narrow down the passageway of air flow and breathing gets more or less clogged. In addition, usage of sedatives or antidepressant drugs, alcohol consumption, obesity, smoking, and allergies are another factors associated with snoring.
According to the World Health Organizations, currently around 100,000,000 people are suffering snoring problems globally and this problem is highly proportional to the age and hugely found in the age group of 55-60 years. Moreover, according to the American Sleep Association, approximately 50-70 million people have sleep ailments in the U.S. and out of that around 48% are diagnosed to have snoring. The treatment of cumulative affliction of snoring is needed to prevent the risk of obesity, diabetes, mental health issues due to sleep deprivation, gastroesophageal reflux disease, heart diseases, and other complications.
The increase in the number of people suffering snoring and larger rising need for budget-friendly, efficacious, and user-friendly, anti-snoring devices are the factors increasing the global anti-snoring devices and snoring surgery market. In addition, even though anti-snoring devices are the prime revenue generator in the global anti-snoring devices and surgery market, it is also anticipated that more people worldwide will undertake surgery to address the snoring disorder.
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The global anti-snoring devices and snoring surgery market are segmented on the basis of device type, surgical procedure, and geography. On the basis of device type, the global market is categorized into oral applications, Nasal Dilator, Chin Strap, Position Control, Tongue Stabilizing Devices, and Expiratory Positive Airway Pressure. Among these segments, nasal products such as nasal strips and nasal cones are the most popular and widely used as these devices are easy to use and are convenient.
On the basis of surgery type the global anti-snoring devices and snoring surgery market is further categorized into uvulopalatopharyngoplasty, laser-assisted uvulopalatoplasty, radiofrequency ablation, sclerotherapy, pillar procedure, and others. From the surgery type segment, somnoplasty is estimated as the fastest growing segment owing to factors such as minimally invasive, comparatively low surgery cost, less painful, and fewer complications in comparison to the conventional surgical procedures.
North America is estimated to hold the dominant position in the anti-snoring devices and snoring surgery market, due to the growing occurrence of snoring disorders in the region. For instance, according to American Sleep Foundation 2017, approximately 90 million American were estimated to be affected by one or the other respiratory disorder leading to snoring. As an outcome increasing the incidence of snoring is anticipated to increase the demand for its devices and treatment, fueling anti-snoring devices and snoring surgery market. The Asia Pacific is anticipated to dominate the market in the forecast period, owing to growing number of people suffering obesity and respiratory ailments, leading to augment the growth of the anti-snoring devices and snoring surgery market during the forecast period.
Some major key players in global anti-snoring devices and snoring surgery market includes Apnea Sciences Corporation, Pure Sleep Company, SomnoMed Ltd., Airway Management, Inc., Theravent, Inc., Tomed Dr. Toussaint Gmbh, Glaxosmithkline Plc, and Meditas Ltd., among others.
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How does the report examine the growth drivers and restraints of the Anti-Snoring Devices and Snoring Surgery Market ?
- The factors resulting in the expansion of the Anti-Snoring Devices and Snoring Surgery Market are elaborated in the report after thorough primary and secondary research.
- Analytical strategies focused on gain indicators affecting the growth of the Anti-Snoring Devices and Snoring Surgery Market are presented in graphical formats.
- The business-related trends driving the product consumption are discussed in detail in the report along with industry expertise to minimize the barriers to Anti-Snoring Devices and Snoring Surgery Market growth.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Anti-Snoring Devices and Snoring Surgery Market growth and Anti-Snoring Devices and Snoring Surgery Market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects of Anti-Snoring Devices and Snoring Surgery Market in various geographical regions.
- The competitive landscape analysis on the Anti-Snoring Devices and Snoring Surgery Market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Anti-Snoring Devices and Snoring Surgery Market , underlining the growth rate and opportunities offered in the business.
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