Nasal Dressings Market Highlights On Future Development 2031

Nasal Dressings Market Outlook

The globalnasal dressings market was valued at US$ 1.1 Bn in 2020

The global market is projected to expand at a CAGR of 01%from 2021 to 2031

The globalnasal dressings market is anticipated to reach US$ 2.7 Bn by 2031

Breakthrough Innovations in Biodegradable Nasal Dressings Fueling Market Growth

Nasal dressings are commonly used as an intranasal device that applies constant local pressure to the nasal septum, which prevents ongoing bleeding and promotes wound healing. Breakthrough innovations in the nasal dressings market such as the introduction of biodegradable nasal dressings are translating into revenue opportunities for manufacturers. They are innovating in biodegradable nasal dressings that are now extensively being used post nasal and sinus surgeries.

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The revenue of nasal dressings market is projected to rise with robust biodegradable nasal dressings that are fragmentable dressings which biodegrade with regular irrigation of nasal cavity. This helps to eliminate the need to remove them, whilst reducing the risk of damaging the post-operative structures. Biodegradable nasal dressings provide a scaffold for better and faster wound healing, reduce the risk of adhesions, and promote local hemostasis.

Local Production Capabilities Ensuring Business Continuity During Coronavirus Outbreak

Companies in the nasal dressings market are taking data-drive decisions before investing in new manufacturing and material technologies for nasal pack dressings. They are ensuring business continuity by maintaining robust supply chains for hospitals, ambulatory surgery centers, and for home care settings. The remote monitoring of patients in home care settings is driving market demand for nasal dressings.

Manufacturers are adopting contingency planning to tide over disruptions in customer demand, supply of materials, and availability of logistics services. They are increasing their local production capabilities to reduce dependence on other countries for raw materials. As such, reopening of country borders is helping to resolve transport and logistic issues.

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Can Disadvantages of Traditional Nasal Dressings Affect Patient Quality of Life?

Since conventional nasal dressing packs are associated with disadvantages such as excessive bleeding due to mucosal disturbance, headache, and nasal airway obstruction, manufacturers are innovating in biodegradable nasal dressings. Nevertheless, manufacturers are diversifying their production in polyvinyl alcohol (PVA), polyvinyl acetate (PVAc), & polyethylene glycol (PEG) nasal packing to generate revenue streams. These nasal packing are emerging as key market segments in nasal dressings product portfolio.

Manufacturers in the nasal dressings market are adhering to ISO standards to boost their credibility in the production of PVA nasal dressings. Different nasal surgeries, including rhinoplasty, septoplasty and turbinectomy are contributing to nasal dressings market expansion. These nasal packing devices help to fill and support nasal cavities during surgery, allowing smooth septum ventilation to ensure patient comfort.

Bioresorbable Nasal Dressings Growing Popular in Epistaxis Management

The largest opportunity for nasal dressings is in bioresorbable nasal dressings. Manufacturers in the nasal dressings market are increasing the production of bioresorbable nasal packing devices for post sinus surgery applications to enable efficient epistaxis management. These novel nasal dressing packs provide a support to separate tissue and structure at the surgical site.

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Companies are manufacturing bioresorbable nasal dressings that help in the prevention of adhesions between mucosal surfaces and assist in healing. In addition, these nasal packing dissolve gradually and cleared naturally, thus eliminating the need for painful nasal packing removal.

Post-FESS Procedures Driving Demand for Nasal Dressings

The Functional Endoscopic Sinus Surgery (FESS) has become the international standard for the treatment of refractory chronic rhinosinusitis. Such findings are increasing the market demand for nasal dressings in post-FESS procedures.

The most common complication encountered after FESS is the lateralization of the middle turbinate and the adhesion formation (synechia) that results in the occlusion of the sinus drainage pathway. This can lead to recurrent symptoms and subsequent surgical failure, as adhesions form when two opposing mucosal surfaces touch. This is leading to an increase in the revenue of nasal dressings market, since nasal dressing packs have a space-filling ability (bulking) to physically separate mucosal tissues such that adhesions are prevented from forming during the initial healing period of the tissue.

Nasal Dressing Holders a Novel Innovation to Replace Adhesive Tapes

Assistive technologies such as nasal dressing holders are storming the nasal dressings market. These holders are replacing adhesive tapes to hold nasal dressings in place following nose bleeds, rhinoplasty, facial trauma, septoplasty, and sinus surgery. Manufacturers are innovating in clear plastic dressing holders that are secured by ear loops. Hook & loop fastener tabs can be infinitely adjusted to fit any patient comfortably. Such innovations are improving patient quality of life.

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Nasal Dressings Market: Overview

The global nasal dressings market was valued at US$ 1.1 Bn in 2020. Rise in prevalence of epistaxis across the world, increase in nasal & cosmetic surgeries, and technological advancements in nasal surgeries are likely to drive the global nasal dressings market from 2021 to 2031. According to an international survey by the International Society of Aesthetic Plastic Surgery (ISAPS), in 2020, rhinoplasty procedure was among the top five surgical procedures globally, and the number of rhinoplasty procedures stood at 852,554. Turkey reported the second largest number of rhinoplasties performed in 2020 at 66,950.

Nasal injuries due to accidental damage fuels the growth of the global market. According to American Society of Plastic Surgeons (ASPS) statistics for facial fractures, in 2020, nasal fractures due to sports activities accounted for about 40% of the injuries in the U.S.

Basketball, football, skiing/snowboarding, and skateboarding are some of the common sports activities responsible for nasal fractures. An article published in the National Center for Biotechnology Information (NCBI) in November 2021 stated that nasal bone fractures are the most common types of facial fracture, representing 40% to 50% of cases.

Novel technological advancements in nasal packing devicesare likely to boost the growth of the global market over the next few years. Advancements in diagnostic software, such as PARASCADD Private Limited's Proplan, facilitate the performance of virtual osteotomies of the nasal bone and visualization of the additional bone graft.

Ongoing developments in nasal pack dressingssuch as interactive computer-guided surgery, endoscopic 3-dimensional imagery, robotics, and improved adjunctive therapies will extend the role of endoscopic transnasal approaches to an expanded number of skull base and intracranial lesions. These advancements and developments will increase patient preference for curative treatment and surgeries for nasal injuries, which, in turn, is projected to drive the global nasal dressings market.

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 Nasal Dressings Market: Segmentation

Biodegradable Nasal Dressings Segment to Lead Global Nasal Dressings Market

The biodegradable nasal dressings product type segment held major share of the global market, in terms of revenue, in 2020. The segment is anticipated to cross US$ 1.6 Bn by 2031. Usage of biodegradable nasal dressings in nasal surgeries has increased, as these have minor side effects such as headache, pain, nasal airway obstruction, and pharynx dryness compared to non-biodegradable nasal dressings.

Hence, biodegradable nasal dressings are better suited for most applications. These nasal dressings effectively reduce postoperative symptoms such as bleeding at removal, pain at removal, pain in situ, and nasal blockage. Hence, these advantages associated with biodegradable nasal dressings are expected to augment the market during the forecast period.

PVA/PVAc & PEG Segment Held Significant Market Share

The PVA/PVAc & PEG material segment held major share of the global market, in terms of revenue in 2020. The segment is anticipated to reach US$ 810.8 Mn by 2031. This is due to increase in usage of polyvinyl alcohol coated nasal packing (an expandable packing) in rhinological surgery in order to reduce the possibility of adherence to tissue and of blood clotting within the sponge.

The hyaluronic acid (HA) segment is expected to experience year-on-year (Y-o-Y) growth during the forecast period, as hyaluronic acid material-based nasal dressing products are gaining traction in reducing synechia post functional endoscopic sinus surgery and have a beneficial effect on mucosal healing

Rise in Need of Epistaxis Management

The epistaxis management application segment is likely to lead the global market throughout the forecast period. The segment accounted for the largest share of 29% of the global market in 2020. Surge in number of nasal surgeries and rise in prevalence of epistaxis are projected to drive the segment.

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An article published in the National Center for Biotechnology Information (NCBI) in September 2021 stated that epistaxis is anticipated to occur in 60% of individuals across the world during their lifetime, and around 6% of those with nosebleeds seek medical treatment.

Hospitals & Clinics to be Highly Lucrative Segment

The hospitals & clinics end-user segment dominated the global market in terms of revenue in 2020, and the trend is projected to continue during the forecast period. The hospitals & clinics segment is expected to expand at a CAGR of 8.19% from 2021 to 2031. A gradual rise in the number of government and private hospitals in emerging countries such as China and India and increase in the number of nasal procedures performed in hospitals boost the growth of the segment.

The ambulatory surgery centers segment held the second largest share of the global market in 2020. Ambulatory surgery centers have the ability to improve quality and customer service, while simultaneously reducing costs.

The ASC vertical is ahead of the curve in identifying favorable avenues for improving healthcare delivery. ASCs are a cheaper and easier alternative to hospitals and are more attractive to physicians as well as patients. In the last few decades, the number of surgical procedures carried out on the same-day basis has increased significantly in countries in the West. More than two-thirds of operations performed in the U.S. are carried out in outpatient centers, few of those are owned by hospitals.

North America to Dominate Global Nasal Dressings Market

North America accounted for the largest share of the global nasal dressings market in 2020, and the trend is projected to continue during the forecast period. Growth of the nasal dressings market in the region can be attributed to the presence of prominent players, rise in preference for aesthetic procedures, increase in new product launches, acquisitions, partnerships, or collaborations, and geographical expansion by regional players in the U.S. and Canada. According to a survey carried out by the American Society for Aesthetic Plastic Surgery (ASAPS) in 2020, total cosmetic procedures performed in the U.S. stood at 15,595,955, while total nose reshaping (rhinoplasty) procedures were 352,555.

The market in Asia Pacific is expected to grow at a rapid pace during the forecast period, owing to rise in spending on healthcare, increase in incidence of nose & sinus disorders, and surge in awareness about nasal surgeries among the population. Moreover, according to the World Bank, in 2019, the health expenditure in East Asia & Pacific was 6.68% of GDP. Total healthcare expenditure as a share of GDP was 10.74% in Japan, 5.35% in China, and 3.01% in India, in 2019.

In the last decade, Asia Pacific has become a top medical tourism destination for individuals from across the world, especially for Botox procedures, liver transplants, bariatric surgeries, and dental detailing. Cost-effectiveness of the treatments available and ease of travel have created significant opportunities in Asia Pacific.

An article published in the International Journal of Environmental Research and Public Health (IJERPH) in December 2021 indicated that South Korea accounted for more than 6% of the medical tourism market in Asia. About 60% of medical tourists in South Korea are from China, and out of that one-third population is engaged in medical tourism for cosmetic surgeries.

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Major Players in Nasal Dressings Market

The nasal dressings market report concludes with the company profiles section that includes key information about the major players in the global nasal dressings market. Market participants focus on research & development activities in order to develop new products. For instance, Anika Therapeutics, Inc. invested US$ 16.7 Mn in R&D in 2019, which rose to US$ 23.4 Mn in 2020. Moreover, in May 2021, Anika Therapeutics, Inc. partnered with orthopedic surgeons and health care facilities to understand the patients' needs and develop products accordingly. This partnership enabled the company to focus on product improvement and product development.

Leading players analyzed in the report are:

Anika Therapeutics, Inc.
Datt Mediproducts Private Limited
First Aid Bandage Company (FABCO)
Lohmann & Rauscher GmbH & Co. KG
Medtronic plc
Olympus Corporation
Smith & Nephew plc
Stryker Corporation
Summit Medical LLC (Innovia Medical)

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