The tongue retaining device market comprises oral devices that are worn during sleep to prevent snoring and sleep apnea by mechanically advancing the mandible and tongue and opening the airway. These devices shift the position of the lower jaw and tongue slightly forward, therefore, keeping the airways open during sleep. Tongue retaining devices are comfortable, easy to use, portable, and a more affordable alternative to CPAP machines. They are fabricated using medical-grade materials like thermoplastic to ensure comfort. Various designs are available ranging from simple mouthpieces to more advanced appliances based on dental impressions.
The Global tongue retaining device market is estimated to be valued at US$ 1,184.7 Mn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the tongue retaining device market are AveoTSD, ZYPPAH, Good Morning Snore Solution, VitalSleep, SnoreRx, SnoreMender, SleepPro, Airway Management, Apnea Sciences Corporation, SomnoMed, Respire Medical, TheraSnore, SleepTight Mouthpiece, Oventus Medical, AccuMED Technologies, ResMed, ZenSleep, BluePro. The growing awareness about the ill-effects of loud and chronic snoring along with the availability of affordable anti-snoring devices are fueling the demand in the tongue retaining device market. Various tongue retaining device manufacturers are also expanding their geographical presence across countries with growing sleep disorders to tap the business opportunities.
Market Drivers
The Tongue Retaining Device Market Demand increasing prevalence of sleep apnea disorders due to changing lifestyles and rising obesity levels is a major growth driver for this market. According to recent studies, sleep apnea affects over 936 million people globally. Moreover, rising awareness through social media marketing campaigns by vendors regarding the consequences of untreated snoring and availability of affordable treatment options is propelling the uptake of tongue retaining devices over costly alternatives like CPAP machines and surgery. As these are non-invasive and easy to use, they are gaining popularity as the first line of treatment for snoring and minor forms of sleep apnea.
Impact of geopolitical situation on Tongue Retaining Device market growth
The current geopolitical tensions and uncertain economic environment across various regions is posing challenges for the growth of the tongue retaining device market. Many countries are facing high inflationary pressures and currency fluctuations which is reducing the disposable income of consumers and their ability to spend on orthodontic devices. Furthermore, the ongoing supply chain disruptions due to lockdowns in China and conflicts surrounding Ukraine and Russia is leading to shortages of raw materials and components used in manufacturing tongue retaining devices. This is hampering the production volumes and output of tongue retaining device manufacturers globally. The export and import restrictions between countries amid political tensions is also making international trade difficult.
Going forward, tongue retaining device companies will need to focus on building resilience in their supply chain network and establishing alternative sourcing arrangements. Producing key components locally can help reduce dependency on imports. Companies may also consider increasing inventory levels of critical materials to hedge against future shortages. Diversifying manufacturing footprint across multiple low risk regions can ensure business continuity. Tongue retaining device brands must explore opportunities in developing Asian, African and South American markets to mitigate risks arising from demand uncertainties in some Western markets. Tapping into high growth pockets will be crucial for sustaining revenue momentum over the next decade.
North America currently accounts for the largest share of the global tongue retaining device market in terms of value sales. Within the region, the United States holds the leading position and is estimated to surpass US$ 500 Mn in market size by 2024. Favorable reimbursement policies and increasing awareness about sleep disorders are driving the growth of tongue retaining devices in the US. Europe is the second largest regional market buoyed by rising consumer spending on oral healthcare and presence of major international players in the region.
Fastest growing region for Tongue Retaining Device market
The Asia Pacific region is poised to witness the fastest growth in the tongue retaining device market over the forecast period. Significant population base suffering from sleep apnea, improving healthcare expenditures, large untapped opportunities in China and India are some of the factors pushing the demand for tongue retaining devices upwards. The market is projected to expand at a CAGR of over 12% through 2031 in the Asia Pacific region. Rising incomes, changing lifestyles leading to increased stress levels are fueling the incidence rates of sleep disorders in Asia. This is attracting many leading companies to focus on business expansion plans across Asia to tap the high growth potential.
Get More Insights on, Tongue Retaining Device market
Global Tongue Retaining Device Market Research Report 2019-2023 The Global Tongue Retaining Device Market report begins with the explanation of the market terms and technicalities to update the customer about the latest developments in the market and what is to be expected in the Tongue Retaining Device in terms of the future expectations.
Understanding of the new products and developments in the Tongue Retaining Device helps the customer understand which direction is the best to move towards that can help them tackle the competition better.
Hence the Global report also covers an exhaustive list of the top players in the Tongue Retaining Device along with their detailed company profile and product catalogue, as well as their new developments in the Tongue Retaining Device.The report is an in-depth study of the Tongue Retaining Device from across the globe with a special focus towards the Chinese market owing to its vast nature and record breaking growth rate over the past decade.
The Global Tongue Retaining Device report covers the intricate details about the Tongue Retaining Device across various parameters such as the value and volume of the Tongue Retaining Device, along with its different segmentations such as end users, applications, regional segmentation, etc.
The Global report further provides key actionable insights to the customer about the market which assists them in realizing healthy growth in the Tongue Retaining Device.Ask for Sample Copy of this Report: https://www.orbisresearch.com/contacts/request-sample/2499785 The Global Tongue Retaining Device report presented by Orbis Research has been prepared by a list of top subject matter experts and market research professionals to ensure that the information provided is accurate to the highest level.
This holds key importance for customers and hence this information is well supported with due statistics that are represented in easy to consume graphs, charts, and tables.
A retaining ring is a fastener that holds components or assemblies onto a shaft or in a housing/bore when installed — typically in a groove — for one time use only.
Once installed, the exposed portion acts as a shoulder which retains the specific component or assembly.
Circlips are a type of retaining ring.Carbon steel retaining rings including Internal Retaining Rings, External Retaining Rings.
These products are expected to witness significant demand over the upcoming years as they increase the durability of the joined parts.Carbon steel retaining rings are application in Automotive, Consumer Products, Energy, Industrial and other industry.
The most proportion of carbon steel retaining rings is used in automotive, and the market share in 2017 is about 46% and the proportion of Industrial in 2017 is about 25%.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-carbon-steel-retaining-rings-2019-2024-104According to this study, over the next five years the Carbon Steel Retaining Rings market will register a 5.1% CAGR in terms of revenue, the global market size will reach US$ 3100 million by 2024, from US$ 2420 million in 2019.
In particular, this report presents the global market share (sales and revenue) of key companies in Carbon Steel Retaining Rings business, shared in Chapter 3.This report presents a comprehensive overview, market shares, and growth opportunities of Carbon Steel Retaining Rings market by product type, application, key manufacturers and key regions and countries.This study considers the Carbon Steel Retaining Rings value and volume generated from the sales of the following segments:Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.Internal Retaining RingsExternal Retaining RingsSegmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.AutomotiveConsumer ProductsEnergyIndustrialOthersThis report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.AmericasUnited StatesCanadaMexicoBrazilAPACChinaThe report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.The key manufacturers covered in this report: Breakdown data in in Chapter 3.Hugo BenzingBarnes GroupRotor ClipSmalleyW?rthCirteq LimitedAmerican RingOchiai CoBeneriIWATA DENKOStar CirclipsGarlockMW IndustriesIn addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole.
