Global Oral Appliance Market: Overview
The global market for oral appliances, the treatment options increasingly prescribed to non-invasively treat snoring and obstructive sleep apnea, has started to pick up pace and is slated to exhibit a promising pace of expansion in the next few years. Growing research in the area has suggested that oral appliances are effective for treating these conditions and in comparison to surgery or continuous positive airway pressure (CPAP) treatments, oral appliances are more compact, carry a higher rate of compliances, and are less cumbersome. Increasingly, a large number of patients who are non-compliant with use of CPAP are preferring oral appliances owing to better results.
The report presents a detailed and professional overview of the current state of the global oral appliance market, examines the market in a ground-up manner, and studies all the key elements of the market that could have a major impact on its future course of development, including growth drivers, restraints, popular trends, and regulatory scenario.
Global Oral Appliance Market: Trends and Opportunities
One of the key factors expected to work in favor of the global oral appliance market is the increasing awareness regarding the several benefits of using oral appliances over CPAP or surgery. The realization that CPAP or surgery may not be the right option for everyone is also working favorably for the market. Over the next few years, the market is expected to gain from the rising prevalence of sleep apnea globally, improvements in reimbursement scenario concerned with these devices, and availability of a wide variety of products in varying cost ranges. As mass-production of these devices increasingly becomes a reality, costs are further reducing, allowing the market to expand in cost-sensitive regional markets that present vast untapped growth opportunities. The rising prevalence of obesity is also expected to emerge as a promising growth driver for the market as obesity is often affiliated with snoring and sleep apnea.
However, the market may still struggle to cope with challenges such as a massive lack of awareness among patients regarding such products, especially in emerging economies; dismal reimbursement scenario in several regional markets; and certain side-effects of oral appliances, such as tooth and jaw discomfort, dry mouth, and excessive salivation, which may discourage the use of these products. Nevertheless, growth opportunities can emerge through marketing strategies aimed at educating healthcare providers and patients and the development of referral networks.
Global Oral Appliance Market: Regional and Competitive Overview
From a geographical standpoint, the market for oral appliances is expected to be dominated mostly by North America and Europe in the next few years. Encouraging reimbursement scenarios in these regions, high level of awareness, favorable reception to innovative medical devices, and the rising demand for non-invasive methods of treating health issues are some of the key factors expected to keep the demand for oral appliances strong in these regions in the near future. The rising prevalence of sleep apnea in the population and rising numbers of obese people are also expected to work in favor of these regional markets. The increased acceptance of oral appliances by healthcare providers in these regions is also expected to emerge as a key factor working in favor of the market.
Some of the leading companies operating in the global oral appliances market are Whole You, ResMed, Apnea Sciences, Oventus, Myerson, Panthera Dental, Airway Management, DynaFlex, and OravanOSA.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
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