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

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.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗙𝗿𝗲𝗲 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁:
https://www.factmr.com/connectus/sample?flag=S&rep_id=7674?PS

The two varieties of nasal splints are:
• Intranasal splints are placed inside the nose.
• 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.

𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 𝗳𝗿𝗼𝗺 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝘁𝘂𝗱𝘆

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

𝗚𝗲𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7674?PS

𝗞𝗲𝘆 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝘀 𝗖𝗼𝘃𝗲𝗿𝗲𝗱 𝗶𝗻 𝗡𝗮𝘀𝗮𝗹 𝗦𝗽𝗹𝗶𝗻𝘁𝘀 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵

By Mechanism :

• Intranasal Splints
• External Nasal Splints

By Product :

• Malleable Nasal Splints
• Airway Nasal Splints
• Bivalve Nasal Splints

By Material :

• Biodegradable Nasal Splints
• Non-biodegradable Nasal Splints

By End User :

• Hospitals
• Clinics
• Ambulatory Surgical Centres
• Others

By Region :

• North America
• Latin America
• Europe
• East Asia
• South Asia & Oceania
• MEA

𝗚𝗲𝘁 𝗙𝘂𝗹𝗹 𝗔𝗰𝗰𝗲𝘀𝘀 𝗼𝗳 𝗖𝗼𝗺𝗽𝗹𝗲𝘁𝗲 𝗥𝗲𝗽𝗼𝗿𝘁:
https://www.factmr.com/checkout/7674?PS

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲

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.

• 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.

𝗪𝗶𝗻𝗻𝗶𝗻𝗴 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆

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.

• 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.

𝗠𝗼𝗿𝗲 𝗩𝗮𝗹𝘂𝗮𝗯𝗹𝗲 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗼𝗻 𝗢𝗳𝗳𝗲𝗿

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).

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This release was published on openPR.