Transparency Market Research in its new report titled, “Oral Appliances Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the oral appliances market. The TMR report anticipates that the increasing awareness regarding the several benefits of using oral appliances over CPAP or surgery will drive the oral appliances market during the forecast period i.e, 2018-2026. The realization that CPAP or surgery may not be the right option for everyone is also working favorably for the market. Over the next few years, the market is expected to gain from the rising prevalence of sleep apnea globally, improvements in reimbursement scenario concerned with these devices, and availability of a wide variety of products in varying cost ranges, says the report.
According to the report, as mass-production of these devices increasingly becomes a reality, costs are further reducing, allowing the market to expand in cost-sensitive regional markets that present vast untapped growth opportunities. The increasing prevalence of obesity is also expected to emerge as a promising growth driver for the market as obesity is often affiliated with snoring and sleep apnea. However, the market may still struggle to cope with challenges such as a massive lack of awareness among patients regarding such products, especially in emerging economies; dismal reimbursement scenario in several regional markets; and certain side-effects of oral appliances, such as tooth and jaw discomfort, dry mouth, and excessive salivation, which may discourage the use of these products, says the report. Nevertheless, growth opportunities can emerge through marketing strategies aimed at educating healthcare providers and patients and the development of referral networks.
From a geographical standpoint, the TMR report expects the market for oral appliances to be dominated mostly by North America and Europe in the next few years. Encouraging reimbursement scenarios in these regions, high level of awareness, favorable reception to innovative medical devices, and the rising demand for non-invasive methods of treating health issues are some of the key factors according to TMR that will keep the demand for oral appliances strong in these regions in the near future.
The rising prevalence of sleep apnea in the population and rising numbers of obese people are also expected to work in favor of these regional markets. The increased acceptance of oral appliances by healthcare providers in these regions is also expected to emerge as a key factor working in favor of the market. Some of the leading companies operating in the global oral appliances market are profiled in this report to give a better competitive analysis of the market and these include Whole You, ResMed, Apnea Sciences, Oventus, Myerson, Panthera Dental, Airway Management, DynaFlex, and OravanOSA.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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