Portland, OR, Oct. 24, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global Sleep Apnea Oral Appliances Market generated $516.4 million in 2021 and is estimated to hit $2.3 billion by 2031, registering a CAGR of 16.3% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Market Size in 2031 | $2.3 billion |
| CAGR | 16.3% |
| No. of Pages in Report | 350 |
| Segments covered | Device, Gender, Age Group, End User, and Region |
| Drivers | Rise in the prevalence of sleep apnea |
| Rise in product launches and product approvals for sleep apnea oral appliances | |
| Opportunities | Increase in the prevalence of obesity |
| Surge in geriatric population | |
| Restraints | Lack of awareness regarding sleep apnea |
| High cost of customized sleep apnea oral appliances |
Covid-19 scenario-
- The COVID-19 outbreak had a positive impact on the growth of the global sleep apnea oral appliances market.
- Obstructive sleep apnea is associated with a greater risk of respiratory failure and an increased likelihood of hospitalization in COVID-19 infection patients.
- The likelihood of developing obstructive sleep apnea increased the demand for sleep apnea devices that could help treat the condition, thereby driving the demand for sleep apnea oral appliances market.
The report offers a detailed segmentation of the global sleep apnea oral appliances market based on device, gender, age group, end user, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
Based on device, the mandibular advancement devices segment accounted for nearly 90% of the overall sleep apnea oral appliances market in 2021, and is likely to lead the trail by the end of 2031. Moreover, the same segment would cite the fastest CAGR of 16.4% throughout the forecast period. The report also discusses tongue stabilizing devices and rapid maxillary expansion segments.
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Based on gender, the male segment contributed to more than half of the global sleep apnea oral appliances market in 2021, and is expected to maintain its dominance through 2031. The same segment would grow at the fastest CAGR of 16.5% from 2022 to 2031. The report also offers an analysis of the female segment.
Based on age group, the 51 to 60 segment contributed to more than one-third of the global sleep apnea oral appliances market in 2021, and is expected to maintain its dominance through 2031. The same segment would grow at the fastest CAGR of 16.8% from 2022 to 2031. The report also offers an analysis of less than 40, 41 to 50, and 60 and above segments.
Based on end user, the hospital and sleep laboratories segment accounted for nearly three-fifths of the overall sleep apnea oral appliances market in 2021, and is likely to lead the trail by the end of 2031. Moreover, the same segment would cite the fastest CAGR of 16.7% throughout the forecast period. The report also discusses clinics & office facilities, and home care settings segments.
Based on region, the market across North America contributed to more than two-fifths of the overall sleep apnea oral appliances market in 2021, and is expected to maintain its dominance during the forecast period. However, the Asia-Pacific segment would grow at the fastest CAGR of 17.6% from 2022 to 2031. The other provinces discussed in the report include Europe and LAMEA.
The key market players analyzed in the global sleep apnea oral appliances market report include Dentsply Sirona, DynaFlex, Oventus, Panthera Dental, ProSomnus Sleep Technologies, ResMed, SICAT GmbH and Co. KG, SomnoMed, Tomed GmbH, and Whole You.
The report provides a detailed analysis of these key players of the global sleep apnea oral appliances market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
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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 domain.
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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