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3. SomnoMed (Australia) and ResMed (US) are Leading Players in the Sleep Apnea Oral Appliances Market

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.

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SomnoMed

SomnoMed (Australia) has leading position in sleep apnea oral appliances market in 2022. The company has well established distribution channel 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. During the last four years, the firm has broadened its product range and expanded its presence in new countries to offer effective, comfortable, and compliant OSA treatments.

ResMed

ResMed (US) held the second position in the sleep apnea oral appliances market, with a significant share in 2022. The company’s leading position is mainly due to its innovation and R&D investments. The company focuses on launching technologically advanced products to maintain its position in the market. In 2022, ResMed opened its new 25,000-square-meter Advanced Manufacturing Centre in Tuas, Singapore which will serve as ResMed’s key manufacturing hub in Asia-Pacific.

ProSomnus Sleep Technologies

In 2022, ProSomnus Sleep Technolgies is also among the key players in sleep apnea oral appliances market. The company focuses on manufacturing and commercialization of precision intraoral medical device which is a non-invasive alternative for treatment of mild to moderate obstructive sleep apnea. ProSomnus Sleep Technologies develops its products using the proprietary, highly automated and scalable manufacturing process.

Related Reports:

Sleep Apnea Oral Appliances Market by Product (Mandibular Advancement Devices (MAD), Tongue-Retaining Devices (TRD)), Purchase Type (Physician-prescribed), Gender (Male, Female), Age Group, Distribution Channel (Online, Retail) - Global Forecast to 2028

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Mr. Aashish Mehra
MarketsandMarkets™ INC.
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USA : 1-888-600-6441
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