(I-BusinessNews.Com, July 16, 2021 ) The global sleep apnea oral appliances market is expected to register a CAGR of 15.7% during the forecast period to reach USD 482.5 Million by 2023 from USD 197.8 Million in 2017. The key factors driving the growth of the market include the growing popularity of oral appliances in sleep apnea management, technological advancements inÂ oral appliances, a large pool of undiagnosed sleep apnea patients, and growing awareness about sleep apnea.
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Mandibular advancement devicesÂ segment to register the highest CAGR during the forecast period
By product, the mandibular advancement devices segment is projected to register the highest CAGR during the forecast period. The large share and high growth can be attributed to the popularity of MADs backed up by the extensive research available supporting their effectiveness over TRDs.
Physician-prescribed/Customized Oral AppliancesÂ to dominate the sleep apnea oral appliances market during the forecast period
By type, physician-prescribed/customized oral appliances segment is projected to grow at the highest CAGR during the forecast period. The high growth can be attributed to the rising awareness of sleep apnea and increasing patient preference for prescribed and customized oral appliances.
North America dominated the market in 2017
North America is expected to account for the largest share of the sleep apnea oral appliancesÂ market in 2018. The rising prevalence of sleep apnea in the region coupled with the growing demand for alternative treatment options due to poor compliance associated with CPAP is driving the sleep apnea oral appliances market in the region. In addition, rising awareness regarding the disorder; less complicated reimbursement scenario for oral appliance therapy (OAT); and increased acceptance of OAT by physicians, dentists, patients, and insurance companies are also supporting the growth of the sleep apnea oral appliances market in North America.
ResMed (US), SomnoMed (Australia), and Whole You (US) are the key players in the sleep apnea oral appliances market. Other players involved in this market are Oventus (Australia), Panthera Dental (Canada), Airway Management (US), Apnea Sciences (US), DynaFlex (US), OravanOSA (US), and Myerson (US).
Mr. Aashish Mehra