Global anti-snoring devices and snoring surgery market is expected to reach USD $1.84 billion by 2024, according to a report. Research and Markets added “Anti-Snoring Devices And Snoring Surgery Market By Device Type, By Surgical Procedure, By Region And Segment Forecast To 2024” report to its offerings.
The anti-snoring devices and snoring surgery market is anticipated to witness a lucrative growth during the period 2016 to 2024. The factors contributing towards the growth of the market are the growing awareness levels about the ill effects of snoring, rising elderly and obese population, the presence of an unexploited consumer base, and the increasing consumption of alcohol and cigarettes, according to the report.
However, factors such as the cost prohibitive nature of the products, limited efficacy of the presently available treatments, and the presence of an unpropitious reimbursement scenario are likely to hinder the growth of the market, states Research and Markets.
North America is estimated to lead the industry with the largest market share in 2015. This growth is attributed to the rapidly increasing popularity and the resultant high market penetration of such treatment devices. Asia Pacific is expected to exhibit the highest growth rate owing to the large untreated population and the rising awareness levels with regard to treatment options and the notorious health consequences associated with this condition.