LONDON--(BUSINESS WIRE)--Technavio’s latest report on the global snoring control devices market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
The research study by Technavio on the global snoring control devices market for 2017-2021 provides a detailed industry analysis based on product (MADs, TSDs, nasal devices, chin straps, and EPAP), end-user (hospitals, sleep labs, and home care settings), and geography (the Americas, EMEA, and APAC).
Snoring control devices are used to control the vibration resulting from airway blockage during sleep, causing snoring and sleep disturbances. Technavio analysts forecast the global snoring control devices market to grow to USD 1.01 billion by 2021, at a CAGR of more than 5% over the forecast period.
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The top three emerging trends driving the global snoring control devices market according to Technavio healthcare and life sciences research analysts are:
- Use of 3D printing technology in the production of snoring control devices
- Growing focus toward online promotional and marketing strategies
- Integration of mobile devices with home healthcare systems
Use of 3D printing technology in the production of snoring control devices
“3D printing technology is one of the new trends in the snoring control devices market, where it is making way for the increased production rates. Oventus Medical, a Brisbane-based medical device company, launched a new 3D printing facility to manufacture medical devices such as snoring control devices,” says Srinivas Sashidhar, a lead analyst at Technavio for orthopedics and medical devices research.
With such products in the market, individuals can overcome sleep disorders and obtain snoring solutions. Manufacturers are entering new marketplaces with a large untapped target population base, which is expected to boost the market size greatly.
Growing focus toward online promotional and marketing strategies
Vendors adopt innovative and unique online marketing and promotional strategies to provide better accessibility of their products to end-users, which has increased the total sales of their products. These strategies also help vendors to minimize setup, distribution, and operational costs, which increases profit margins. Additionally, many large and small vendors are starting online distribution channels, which are of great convenience for consumers. Online selling of snoring control devices such as nasal strips and chin straps boost the sales of manufacturers and increase the revenue of vendors, thereby driving the growth of the market.
Integration of mobile devices with home healthcare systems
“Technological advances and wireless communication have allowed personal devices such as mobile phones and tablets to be linked or synchronized with home healthcare solutions. This offers more freedom and flexibility, as well as the ability to monitor sleep wirelessly on mobile devices,” says Srinivas.
Nora, a prominent vendor in the market, launched smart snoring solutions and devices, which can be connected with mobile applications. Similarly, there are devices which can be integrated with mobile applications to control head position. Such innovative offerings are attracting a larger number of consumers, resulting in higher revenue generation in the global market.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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