The global anti-snoring market was valued at USD 1,006.56 million in 2018, and it is estimated to be valued at USD 1,842.33 million in 2024 while witnessing a CAGR of 10.60%. Increase in obesity and geriatric population, increasing smoking and alcohol consumption, technological advancements in anti-snoring devices, and increased awareness in the developed markets are the key factors responsible for the growth of the market.
Weight gain is a major contributor to the habit of snoring, because the peculiarities in weight gain is added in the elder population. According to the National Sleep Foundation, in 2017, snoring affected 90 million adults, and 37 million of them face snoring on a regular basis. Additionally, the body mass index (BMI) increases among the middle-aged people, who are at the greatest risk of health complications. In addition, according to the World Health Organization (WHO), the obese population tripled between 1975 and 2016. The WHO also stated that, in 2016, more than 1.9 billion adults were overweight and over 650 million were in the obese category. Among children, more than 40 million below the age of five were overweight or obese.
The aforementioned factors indicate that the increasing geriatric population and the rise in obesity are among the major factors for the growth of the anti-snoring market, globally.