Breathing Easy: Innovations in Sleep Apnea Oral Appliances Market
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The global sleep apnea oral appliances market is expected to reach USD 0.9 billion by 2028 from USD 0.4 billion in 2023, at a CAGR of 15.2% during the forecast period. Factors such as the increasing prevalence of sleep apnea, growing awareness and diagnosis of sleep apnea, and advancement in oral appliance technology are expected to drive the demand for sleep apnea oral appliances market. According to the National Council on Aging, approximately 39 million in US suffer from obstructive sleep apnea (OSA).
The sleep apnea oral appliances market is competitive and is dominated by various players. The major players operating in this market are SomnoMed (Australia), ResMed (US), Whole You, Inc. (US), ProSomnus Sleep Technologies (US), and Vivos Therapeutic, Inc. (US). These include a range of initiatives such as introducing new products, establishing contracts and partnerships, pursuing mergers and acquisitions, and engaging in new product development endeavors. These actions aim to enhance their position in the market for sleep apnea oral appliances.