21 January 2024

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Sleep Apnea Oral Appliances Market is Expected to Reach $0.9 Billion

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The revenue of the Sleep Apnea oral appliances market was estimated to be $0.4 billion in 2023 and is expected to reach $0.9 billion by 2028. This growth, at a CAGR of 15.2% from 2023 to 2028, is reported in the latest study by MarketsandMarkets. The market expansion is primarily attributed to the rising prevalence of customized or personalized oral appliances and collaborations between dentists and sleep specialists. However, the market’s growth may be hindered by the potential risks associated with sleep apnea oral appliances for obstructive sleep apnea treatment.

Based on the product, the sleep apnea oral appliances market is categorized into three main segments—mandibular advancement devices (MADs), tongue-retaining devices (TRDs), and Daytime Nighttime Appliance (DNA). In 2022, the mandibular advancement devices segment accounted for the largest share of the sleep apnea oral appliances market. The significant share of this segment can be attributed to technological advancements that have improved the design, comfort, and effectiveness of MADs.

Concerning the purchase type, the sleep apnea oral appliances market is segmented into physician-prescribed/customized oral appliances and online OTC oral appliances. The physician-prescribed/customized oral appliances segment held the largest share of the sleep apnea oral appliances market in 2022. Factors supporting the growth of this segment include the rising demand for effective alternatives for managing sleep apnea under the guidance and recommendation of healthcare professionals.

Regarding gender, the sleep apnea oral appliances market is segmented into male and female. In 2022, the male segment dominated this market. The substantial share of this segment can be attributed to anatomical differences in upper airway, throat, and neck structure between men and women.

On a regional basis, the global sleep apnea oral appliances market is categorized into North America, Europe, Asia-Pacific, and the Rest of the World (RoW) segments. North America holds the largest market share in 2022 due to ongoing research and development initiatives by companies in North America for sleep apnea oral appliances innovation and a rising aging population. Other factors boosting the demand for this market include advancements in telemedicine and remote monitoring to make sleep apnea treatment more accessible for patients.

Source: www.MarketsandMarkets.com