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Nasal Splints Market trends, Top Companies, Share, Growth And Forecast 2033
Nasal Splints Market
The Business Research Company's Nasal Splints Global Market Report 2024 identifies the rising demand for minimally invasive procedures as the major driver for the nasal splints market's growth in the forecast period. Minimally invasive treatments refer to medical interventions that are performed with the aim of achieving a therapeutic or diagnostic outcome while causing minimal disruption to the body's tissues and structures. Nasal splints are an important part of many minimally invasive nasal procedures. They help to support the nasal tissues, maintain the desired shape of the nose or sinuses, and promote healing. For instance, in January 2023, according to reports published by Intuitive Surgical Inc., a US-based manufacturer of robotic products, there were approximately 1,875,000 surgical procedures conducted using a Vinci Surgical System. This marked a notable 18% increase compared to the approximately 1,594,000 surgical procedures performed with a Vinci Surgical Systems in 2021. Therefore, the rising demand for minimally invasive procedures is driving the growth of the nasal splints market.
The nasal splints market size has grown strongly in recent years. It will grow from $6.87 billion in 2023 to $7.54 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to postoperative recovery, trauma and fractures, rhinoplasty procedures, improved patient comfort.
The nasal splints market size is expected to see strong growth in the next few years. It will grow to $10.68 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to minimally invasive techniques, emerging markets growth, regulatory support, telehealth and remote consultation. Major trends in the forecast period include advanced materials, customized solutions, digital health integration, sustainable and eco-friendly practices.
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Major competitors in the nasal splints market are Boston Medical Products Inc., Innovia Medical, Medtronic PLC, Olympus Corporation, Smith & Nephew PLC, DTR Medical, Mentor Worldwide LLC, Network Medical Products Ltd., Summit Medical Group, Surgiform Technologies LLC, Shippert Medical Technologies, Spiggle & Theis Medizintechnik GmbH, Stryker Corporation, Acclarent Inc., Cook Medical, KARL STORZ SE & Co. KG, Integra LifeSciences, Medline Industries LP, B. Braun Melsungen AG, Merit Medical Systems, Intersect ENT, ArthroCare Corporation, Lumenis, ConMed Corporation, DePuy Synthes Companies, Zimmer Biomet, KLS Martin Group, Becton Dickinson and Company, Terumo Corporation, Johnson & Johnson, 3M, Teleflex Medical OEM.
A key trend in the nasal splints market includes technological advancement. Major companies operating in the nasal splints are developing innovative products such as rinastent bioresorbable nasal splints for use in nasal surgeries. rinastent bioresorbable nasal splints are designed to prevent movement of the septal flap and minimize postoperative bleeding. For instance, in December 2021, Stryker Corporation, a US-based medical technology company launched rinastent bioresorbable nasal splint for use in nasal surgeries. The rinastent is made of a biodegradable, polyurethane foam that fragments within several days and drains from the nasal cavity via natural mucus flow. Stryker's bioresorbable nasal packing products come in different sizes, fragmentation times, compression strengths, and hemostatic properties to ensure patients have a comfortable post-operative experience.
Read More On The Global Nasal Splints Market Report Here:
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The nasal splints market is segmented -
• By Type: Malleable Nasal Splints, Airway Nasal Splints, Bivalve Nasal Splints,
• By Route of Administration: Intranasal Segment, Extranasal Segment
• By Application: Plastic Surgery, Rhinological operations, ENT-Surgery, Other Applications
• By End User: Hospitals & Clinics, Homecare, Research Centers, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the nasal splints market.
The Business Research Company's "Global Nasal Splints Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Nasal Splints Market Include:
1. Executive Summary
2. Nasal Splints Market Characteristics
3. Nasal Splints Market Trends And Strategies
4. Nasal Splints Market - Macro Economic Scenario
5. Global Nasal Splints Market Size and Growth
……
31. Global Nasal Splints Market Competitive Benchmarking
32. Global Nasal Splints Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Nasal Splints Market
34. Nasal Splints Market Future Outlook and Potential Analysis
35. Appendix
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