Nasal Packing Devices Market Future Growth Top Key Players: Medtronic plc, Stryker Corporation, Smith & Nephew, Inc., Summit Medical Group, Lohmann & Rauscher GmbH & Co.KG

According to a research article published in International Journal of Otolaryngology in 2015, epistaxis is estimated to affect around 10-12% of the total world population, out 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 nosebleeds cases are expected to foster growth of the nasal packaging device market. Epistaxis is a commonly encountered clinical condition that results in uncertain nose bleeding from either of the nostrils. The most common cause for epitaxies is hypertension. Cardiovascular disorders lead to hypertension, which in turn is favoring growth of the nasal packaging device market.

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According to the Medical Statistics of World Health Organization (WHO) in 2015, an estimated 289,000 cases of hypertension were reported 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, increasing number of pregnant women suffering from hypertensive diseases is expected to boost growth of the global nasal packing devices market over the forecast period. Moreover, increasing number of patients suffering from nasal tumors benign or malignant also contributes to the nasal packing devices market.

Nasal packing is a second-line therapy for epistaxis. It is accomplished with gauze, a Foley catheter, inflatable nasal balloon catheter or a nasal sponge/tampon, topical anesthesia and vasoconstriction, injectable, gels and spray, which stops nose bleeding. According to an article published by Life in the Fast Lane in 2011, nosebleeds commonly occur between the ages of 2-10 and 50-80 years, out of which the 50-80 contributes a major part. Thus, increasing number of geriatric population is also responsible for boosting growth of the global nasal packing devices market.

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

The key players operating in the global nasal packing devices market include Medtronic plc, Stryker Corporation, Smith & Nephew, Inc., Summit Medical Group, Lohmann & Rauscher GmbH & Co.KG, Entellus Medical, Inc., Olympus Corporation, and Network Medical Products Ltd.

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