Epistaxis Market Explore Future Growth 2018-2026 by Global Top Players

Coherent Market Insights has announced the addition of the “Epistaxis Market Size Status and Forecast 2026”, The report classifies the global Epistaxis Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

This report studies Epistaxis in Global market, especially in North America, Europe, Asia Pacific,and Latin America with production, revenue, consumption, import and export in these regions, from 2018 to 2026.

Epistaxis, also known as nosebleed, occurs due to rupturing of a small blood vessel in the lining of nose, as the interior of the nose is highly delicate and sensitive and could not tolerate certain factors that make them fragile and prone to burst resulting in bleeding. Nosebleeds are common mostly during winter, as more of the upper respiratory infections occur during this season.

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In most cases, epistaxis responds effectively to nasal cauterization or nasal packaging or both the treatments. People experiencing recurrent bouts of nosebleeds are usually recommended to undergo surgical options or embolization procedures that are available in the hospitals and ENT clinics. The most common treatment employed on the epistaxis patients is either chemical or electrical cautery. The method is easy to perform, cheap, and does not involve any serious risk. Cauterization refers to a procedure in which a small tissue at the bleeding site is removed or burnt with the help of chemicals such as silver nitrate or mild electric shocks. There are a number of topical applications such as tranexamic acid that is also available in the market that helps to curtail nosebleeds. According to a research article published in International Journal of Otolaryngology in 2015, epistaxis is estimated to affect around 10-12% of the total population of which around 80% patients require medical attention as majority of epistaxis cases are not self-limiting and cannot be resolved due to intervention. Increasing number of cases in nosebleeds are thus expected to foster the growth of global epistaxis market.

Market Growth

The recent past has witnessed a steady rise in incidence of heart-related disorders leading to hypertension and high blood pressure. Hypertension serves to be one of the major causes of epistaxis and the increase in its prevalence is expected to be one of the major factors responsible to drive the growth of the global epistaxis market. Moreover, increase in number of patients suffering from nasal tumors of benign and malignant types also contributes to the market growth. According to the American Cancer Society, around 2000 new cases related to nasal cavity and paranasal sinuses are registered every year in the U.S. The same article states that the sinuses that are highly responsible for epistaxis are much more prevalent in certain areas of the world that includes South Africa and Japan. On the other hand, the surgical procedures that are used commonly for the treatment of epistaxis, known as cauterization, results in a large number of side effects such as pain, swelling, and running nose. This is expected to hinder the market growth over the forecast period. However, this leads to open up a wide scope for the existing as well as new market players to come up with innovative treatment options with minimum or no side effects to establish a significant position in the market.

Rising cases of cardiovascular disorders, mainly hypertensive diseases, which are highly susceptible to hemorrhage are the leading causes of epistaxis. According to the Medical Statistics of World Health Organization in 2015, there were approximately 289,000 cases of hypertension recorded among pregnant women. According to the American Pregnancy Organization, the circulatory system expands during pregnancy so as to accommodate the baby. The expansion leads to increase in creation and circulation of blood that may lead to problematic issues and frequent nosebleeds during pregnancy. Thus, the rising number of pregnant women suffering from hypertensive diseases is expected to boost the global epistaxis market. Additionally, rising awareness among public regarding the benefits of medical assistance for frequent bouts of bleeding also support the growth of global epistaxis market. Alongside, rise in the geriatric population, as well as rapid technological development in the healthcare sector, add up to the market growth.

Global Epistaxis Market, By Product Type

Vasoconstrictors
Anesthetics
Antibiotic Ointments
Cauterizing Agents

Global Epistaxis Market, By Geography:

North America
Latin America
Europe
Asia Pacific
Middle East
Africa

What Information does this report contain?

-Historical data coverage: 2013 to 2017; Growth Projections: 2018 to 2026.
-Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
-6-7 year performance forecasts: major segments covering applications, top products and geographies.
-Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

Key players are involved in research and development for technological advancements and innovation of epistaxis products. For instance, in 2016, Smith & Nephew launched a range of epistaxis devices with RAPID RHINO technology that has a blend of carboxymethylcellulose (CMC) within them exhibiting self-lubricating properties that provide gentle and even compression to the nasal area and helps in the quicker re-conformation of the nasal anatomy. Various similar technological advancements and strategic implementations by emerging and established market players are expected to foster the global epistaxis market growth.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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This release was published on openPR.