PUBLISHER: Grand View Research | PRODUCT CODE: 1097043
PUBLISHER: Grand View Research | PRODUCT CODE: 1097043
The global anti-snoring devices and snoring surgery market size is expected to reach USD 2.65 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to register a significant CAGR of 7.2% over the forecast period. Increasing focus on developing new products in the market by the key players is expected to boost the growth of the market. In addition, the ever-rising cases of snoring issues and sleep apnea are also expected to propel the growth of the market over the forecast period. For instance, according to the American Sleep Association, about 50-70 million U.S. adults have a sleep disorder and 48% of this report snoring.
Various restrictions laid down by the government as an attempt to curb the spread of the COVID-19 virus led to a major loss across the majority of industries. While the restriction on traveling and movement led to a major disruption in the supply of products and services, it also led to reduced patient visits to the hospitals and clinics. Thus, the pandemic had a huge impact on the healthcare industry. The global market felt a slight yet significant negative impact too. The reduced patient visits to the hospitals and clinics further led to a reduced number of patients seeking treatment for snoring. However, with the world returning to normalcy and manufacturers focusing on new and advanced product development, the market is expected to experience considerable growth over the forecast period.