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Nasal Splint Demand Is Anticipated To Reach US$ 3.1 Billion By 2027

01-26-2023 09:28 AM CET | Health & Medicine

Press release from: Fact.MR

Nasal Splint Demand Is Anticipated To Reach US$ 3.1 Billion

According to Fact.MR, a market research and competitive intelligence company, the global nasal splints market is presently valued at over US$ 2.7 billion and is expected to grow at a CAGR of 3% through 2027.

Nasal splints are lightweight plastic or silicone splints used to stabilise the nose following nasal surgery. Even though they are used to deliver the most long-term benefits, they can occasionally cause acute discomfort and make breathing through the nose difficult. External nasal splint sales are predicted to rise at a 3% CAGR between 2022 and 2027.

Understanding the symptoms of a broken nose and other disorders that may necessitate treatment such as surgery, splints, and other measures is critical. The steps for attaching the splints are straightforward.

๐——๐—ผ๐˜„๐—ป๐—น๐—ผ๐—ฎ๐—ฑ ๐—™๐—ฟ๐—ฒ๐—ฒ ๐—ฆ๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ ๐—–๐—ผ๐—ฝ๐˜† ๐—ผ๐—ณ ๐—ง๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜:
https://www.factmr.com/connectus/sample?flag=S&rep_id=7674?PS

The two varieties of nasal splints are:
โ€ข Intranasal splints are placed inside the nose.
โ€ข Outside of the nose, external nose splints are used. Medical tape, bandages, or an adhesive that disintegrates after a few days are used to hold them in place.

An external nose splint is often worn for a week or two after rhinoplasty. Following a typical septoplasty, one should expect to wear internal splints for a few days, possibly up to a week. Technological and cosmetic advancements are fueling the global market for nasal splints, which is also raising global rhinoplasty treatments.

The increasing number of technology developments that are pushing rhinoplasty treatments all over the world is the primary driver of nasal splint sales. Furthermore, rising demand for reconstructive nose surgery is expected to drive up demand for nasal splints internationally.

Demand for nasal splints is increasing gradually throughout areas due to factors such as an increase in the number of reconstructive cosmetic operations, accidents, and injuries that occur globally.

๐—ž๐—ฒ๐˜† ๐—ง๐—ฎ๐—ธ๐—ฒ๐—ฎ๐˜„๐—ฎ๐˜†๐˜€ ๐—ณ๐—ฟ๐—ผ๐—บ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฆ๐˜๐˜‚๐—ฑ๐˜†

โ€ข Market players are focusing on creating advanced nasal splints to provide breathing comfort for patients after surgery.
โ€ข The MEA market is expected to expand significantly over the coming years due to growing medical tourism, providing cost-effective cosmetic surgeries.
โ€ข Sales of external nasal splints are expected to increase at a CAGR of 3% from 2022 to 2027.
โ€ข Demand for biodegradable nasal splints is rising as they don't need to be
โ€ข surgically removed after implantation.

๐—š๐—ฒ๐˜ ๐—–๐˜‚๐˜€๐˜๐—ผ๐—บ๐—ถ๐˜‡๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ผ๐—ป ๐˜๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7674?PS

๐—ž๐—ฒ๐˜† ๐—ฆ๐—ฒ๐—ด๐—บ๐—ฒ๐—ป๐˜๐˜€ ๐—–๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ฒ๐—ฑ ๐—ถ๐—ป ๐—ก๐—ฎ๐˜€๐—ฎ๐—น ๐—ฆ๐—ฝ๐—น๐—ถ๐—ป๐˜๐˜€ ๐—œ๐—ป๐—ฑ๐˜‚๐˜€๐˜๐—ฟ๐˜† ๐—ฅ๐—ฒ๐˜€๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต

By Mechanism :

โ€ข Intranasal Splints
โ€ข External Nasal Splints

By Product :

โ€ข Malleable Nasal Splints
โ€ข Airway Nasal Splints
โ€ข Bivalve Nasal Splints

By Material :

โ€ข Biodegradable Nasal Splints
โ€ข Non-biodegradable Nasal Splints

By End User :

โ€ข Hospitals
โ€ข Clinics
โ€ข Ambulatory Surgical Centres
โ€ข Others

By Region :

โ€ข North America
โ€ข Latin America
โ€ข Europe
โ€ข East Asia
โ€ข South Asia & Oceania
โ€ข MEA

๐—š๐—ฒ๐˜ ๐—™๐˜‚๐—น๐—น ๐—”๐—ฐ๐—ฐ๐—ฒ๐˜€๐˜€ ๐—ผ๐—ณ ๐—–๐—ผ๐—บ๐—ฝ๐—น๐—ฒ๐˜๐—ฒ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜:
https://www.factmr.com/checkout/7674?PS

๐—–๐—ผ๐—บ๐—ฝ๐—ฒ๐˜๐—ถ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—Ÿ๐—ฎ๐—ป๐—ฑ๐˜€๐—ฐ๐—ฎ๐—ฝ๐—ฒ

The market for nasal splints is very competitive, with few major companies controlling a sizable portion of it. Both emerging and developed economies have seen an upsurge in the demand for nasal splints.

Players in the business are also hiring independent distributors to increase their market share. As a result, the quantity of distributors and suppliers in emerging markets has increased dramatically.

โ€ข Recently, Innovia Medical unveiled a brand-new website with a selection of over 550 medical items, including the whole ENT collection. This is expected to support the sales of nasal splints, contributing to increasing its market revenue share.

๐—ช๐—ถ๐—ป๐—ป๐—ถ๐—ป๐—ด ๐—ฆ๐˜๐—ฟ๐—ฎ๐˜๐—ฒ๐—ด๐˜†

Due to continuous cosmetic developments in nasal devices, the rate of their adoption is also increasing, and also a majority of well-established manufacturers in the global nasal splints market are concentrating on producing advanced and more effective ENT devices.

Significant stakeholders are also utilizing a range of marketing strategies such as alliances, acquisitions, and mergers.

โ€ข Thyssen'sche Handelsgesellschaft mbH (THG) purchased a majority stake of SPIGGLE & THEIS Medizintechnik GmbH in November 2020. SPIGGLE & THEIS's line of work entails the creation, manufacturing, and marketing of medical goods for the ENT market.

These kinds of acquisitions are supporting the expansion of the nasal splints industry.

๐— ๐—ผ๐—ฟ๐—ฒ ๐—ฉ๐—ฎ๐—น๐˜‚๐—ฎ๐—ฏ๐—น๐—ฒ ๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜๐˜€ ๐—ผ๐—ป ๐—ข๐—ณ๐—ณ๐—ฒ๐—ฟ

Fact.MR, in its new offering, presents an unbiased analysis of the nasal splints market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2027.
The study divulges essential insights on the market on the basis of mechanism (intranasal splints, external nasal splints), product (malleable nasal splints, airway nasal splints, bivalve nasal splints), material (biodegradable, non-biodegradable), and end user (hospitals, clinics, ambulatory surgical centres, others), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).

Us Sales Office :
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United States
Tel: +1 (628) 251-1583

About Fact.MR
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

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