Nasal Splints Market: Navigating Growth Through Innovative Solutions

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The nasal splints market has experienced robust growth, surging from $6.87 billion in 2023 to an estimated $7.54 billion in 2024, demonstrating a substantial compound annual growth rate (CAGR) of 9.8%. This upward trajectory is poised to continue, reaching $10.68 billion in 2028, driven by an anticipated CAGR of 9.1%. Key factors fueling this growth include the increasing popularity of rhinoplasty and a rising demand for minimally invasive procedures.

Rhinoplasty Surge and Post-Operative Care:
Rhinoplasty's Global Popularity: Rhinoplasty, a widely performed reconstructive cosmetic surgery globally, is a significant driver of the nasal splints market. In 2021, rhinoplasty accounted for 62% of procedures performed on women and 79% on men. Post-rhinoplasty, intranasal splints play a crucial role in promoting hemostasis, providing structural support, and minimizing scar formation. The growing numbers of rhinoplasty surgeries contribute significantly to the market's expansion.

Minimally Invasive Procedures Propelling Growth:
Demand for Minimally Invasive Procedures: The market is set to benefit from the escalating demand for minimally invasive procedures. These medical interventions aim to achieve therapeutic or diagnostic outcomes with minimal disruption to the body's tissues and structures. Nasal splints are integral to various minimally invasive nasal procedures, offering support to nasal tissues, maintaining desired shapes, and aiding in the healing process. The surge in minimally invasive procedures, exemplified by the increasing usage of the Vinci Surgical System, is a key driver behind the growth of the nasal splints market.

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Biodegradable Nasal Splints:
Advancements in Materials: The rise of biodegradable nasal splints, crafted from materials such as plant-based and bioresorbable substances, is reshaping the market. These materials eliminate the need for surgical removal after implantation, contributing to patient comfort and aiding in the natural healing process. Smith & Nephew's Nasastent, a dissolvable nasal splint made of plant-based carboxymethyl cellulose, exemplifies this trend. Other companies, like Hemostasis LLC. and Medtronic, are also contributing to the adoption of biodegradable nasal splints.
Innovative Products and Market Segmentation:

Innovative Advances: Major players are introducing innovative products like rinastent bioresorbable nasal splints to revolutionize nasal surgeries. Stryker Corporation's rinastent, made of biodegradable polyurethane foam, minimizes postoperative bleeding by fragmenting within days and naturally draining from the nasal cavity. This innovative approach enhances the post-operative experience for patients.

Market Segmentation:

The nasal splints market covered in this report is segmented -
1) By Type: Malleable Nasal Splints, Airway Nasal Splints, Bivalve Nasal Splints,
2) By Route of Administration: Intranasal Segment, Extranasal Segment
3) By Application: Plastic Surgery, Rhinological operations, ENT-Surgery, Other Applications
4) By End User: Hospitals & Clinics, Homecare, Research Centers, Other End Users

Regional Landscape:
In 2023, Asia-Pacific dominated the global nasal splints market, with North America following as the second-largest region. The market report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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Nasal Splints Global Market Report 2024from TBRC covers the following information:
•Market size date for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries:Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

TheNasal Splints Global Market Report 2024byThe Business Research Company is the most comprehensive report that provides insights on nasal splints market size, nasal splints market drivers and trends, nasal splints market major players, nasal splints market competitors' revenues, nasal splints market positioning, and nasal splints market growth across geographies.The nasal splints market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the nasal splints market report and tap into segments with the highest growth potential.

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