Sleep Apnea Oral Appliances Market

The sleep apnea oral appliances market is expected to grow at a compound annual growth rate (CAGR) of 9.6% from its estimated USD 471.2 million in 2024 to USD 746.6 million by 2029. The growing prevalence of sleep apnea and the increasing number of sleep and dental clinics are the main factors propelling the growth of the sleep apnea oral appliances market. While the growth of mandibular advancement devices is an upcoming trend in the sleep apnea oral appliances market.

The sleep apnea oral appliances market is fragmented, with top companies holding significant market shares. The top three players in this market include SomnoMed (Australia), ResMed (US), ProSomnus Sleep Technologies (US). Players in this market are focusing on adopting organic and inorganic growth strategies such as expansions, and acquisitions to increase their sleep apnea oral appliances portfolio, cater to customer needs, increase their profitability and expand their presence in the global sleep apnea oral appliances market.

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SomnoMed (Australia)

SomnoMed is leading with the highest market share in the sleep apnea oral appliances market. It has a strong portfolio of sleep apnea oral appliances products. SomnoMed offers a strong product portfolio featuring FDA- and CE-marked approved products, which have been instrumental in sustaining its competitive market presence. Most of the sales in SomnoMed is derived from the US and European market. It has launched SomnoDent Herbst Advanced Elite in 2020, a PDAC-verified milled oral appliance designed to treat mild-to moderate obstructive sleep apnea.

ResMed (US)

ResMed is the second largest player in our market. It has a very strong innovation and product development portfolio. It has geographical presence across 140 countries. The company derives most of its revenues from North America, specifically the US. For further expanding and maintaining its market position, ResMed focuses on organic & inorganic strategies, such as product launches, acquisitions, and expansion. The acquisition of HB Healthcare in South Korea in 2019 further expanded ResMed's presence in the country.

ProSomnus Sleep Technologies (US)

ProSomnus Sleep Technologies is the third largest player in the sleep apnea oral appliances market. It specializes in manufacturing intraoral devices which provides non-invasive treatment for mild-to-moderate sleep apnea by working with the dental specialists. The companies continuous patient monitoring platform will transform physicians ability to manage sleep apnea therapy and real time physiological data. ProSomnus also aims to expand its sales force in North America region and also focuses on international expansions.

Related Reports:

Sleep Apnea Oral Appliances Market by Product (Mandibular Advancement Devices, Tongue-Retaining Devices), Purchase Type (Physician-prescribed), Gender (Male, Female), Age Group, Distribution Channel (Online, Retail) & Region - Global Forecast to 2029

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