Growth in this market is mainly driven by the growing popularity of oral appliances in sleep apnea management, technological advancements in oral appliances, a large pool of undiagnosed sleep apnea patients, and growing awareness about sleep apnea.
The Sleep Apnea Oral Appliances Market is
projected to reach USD 482.5 Million by 2023 from an estimated USD 233.2
Million in 2018, at a CAGR of 15.7%.
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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.
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
is expected to account for the largest share of the sleep apnea oral appliances 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.
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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).
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