SomnoMed (Australia) and ResMed (US) are Leading Players in the Sleep Apnea Oral Appliances Market
The global sleep apnea oral appliances market is projected to reach USD 0.7 billion by 2027 from USD 0.3 billion in 2022, at a CAGR of 15.2% during the forecast period. The sleep apnea oral appliances market is driven by large pool of undiagnosed sleep apnea patients, and growing awareness of the effects of untreated sleep apnea.
The top players in this market are SomnoMed (Australia), ResMed (US), Whole You, Inc. (US), ProSomnus Sleep Technologies (US), and Vivos Therapeutics, Inc. (US). These players lead the market because of their extensive product portfolios offering sleep apnea oral appliances. These players have also invested in organic strategies such as product launches and regulatory approvals and inorganic growth strategies such as partnerships, collaborations, acquisitions, and agreements to maintain their market shares.
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SomnoMed (Australia) held the largest market share of 12–15% in 2021. SomnoMed has a strong presence in North America and Europe and seeks to further enhance its geographical presence by strengthening its business operations in emerging markets like the Asia Pacific. The company has a strong product portfolio, and its FDA- and CE Mark-approved products have helped it maintain its market presence. SomnoMed has been at the forefront of technological advancements and continuously launching new products like SomnoDent Herbst, SomnoDent Fusion, SomnoDent Herbst Advance, and SomnoDent with Compliance Recorder.
ResMed (US) held the second position in the sleep apnea oral appliances market, with a share of 8–11% in 2021. The company’s leading position is mainly due to its innovation and R&D investments. For instance, in 2021, the company invested USD 0.23 billion (~7% of its total revenue) in R&D. It mainly focuses on product launches, partnerships, and collaborations to maintain its leadership position. With the acquisition of HB Healthcare (South Korea) in 2019, ResMed extended its reach in the country.
Whole You, Inc. (US) held the third largest share of 3–6% of the sleep apnea oral appliances market in 2021. The company has a direct presence in the US. Whole You, Inc. is focused on launching technologically advanced products to maintain its position in the market. For instance, in 2020, the company launched two new oral appliances, Respire Pink AT (Advanced Titration) and Respire Pink EF AT, which offer a one-of-a-kind titration mechanism with a breakthrough hinge innovation, including a special titration key.
Related Reports:
Sleep Apnea Oral Appliances Market by Product (Mandibular Advancement Devices & Tongue-Retaining Devices), Purchase Type (Physician-prescribed/Customized Oral Appliances & Online OTC Oral Appliances), End User (Homecare,Hospital) - Global Forecast to 2027
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