Nasal Splints Market Trends That Will Shape the Next Decade: Insights from Rise Of Biodegradable Nasal Splints In The Market

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How Large Will the Nasal Splints Market Size By 2025?
The market for nasal splints has seen significant growth in recent years. It is projected to grow from a valuation of $6.73 billion in 2024 to about $7.39 billion in 2025, indicating a compound annual growth rate (CAGR) of 9.8%. The historical growth can be linked to factors such as postoperative recovery, trauma and fractures, rhinoplasty procedures, as well as advancements in patient comfort.

How Big Is the Nasal Splints Market Size Expected to Grow by 2029?
Anticipated to witness robust growth in the coming years, the nasal splints market is predicted to escalate to $10.42 billion in 2029, progressing at a compound annual growth rate (CAGR) of 9.0%. Factors contributing to the growth during the forecast period encompass minimally invasive techniques, expansion in emerging markets, regulatory backing, telehealth, and remote consultation services. Key trends projected for the forecast period are the use of advanced materials, bespoke solutions, integration of digital health, and the adoption of sustainable and eco-friendly practices.

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Which Key Market Drivers Powering Nasal Splints Market Expansion and Growth?
The nasal splints market is set to experience a boost due to the increasing number of rhinoplasty surgeries. Rhinoplasty, a popular reconstructive cosmetic surgery globally, is predominantly performed on female patients. Citing data from Rhinoplasty London, a rhinoplasty surgery clinic based in England, 82% of rhinoplasty surgeries conducted in 2023 were on female patients, with males making up 18%. A year earlier, in 2022, the percentage of male patients undergoing rhinoplasty was 17.4%. Post-operative care often involves the use of intranasal splints to encourage hemostasis, provide structural support, and reduce scar formation. Hence, the escalating number of rhinoplasty surgeries contributes to the expansion of the nasal splints market.

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Which Fast-Growing Trends Are Poised to Disrupt the Nasal Splints Market?
Biodegradable nasal splints are increasingly favorited in the field, specifically for their convenience in not necessitating surgical extraction post-implantation. Elements like bioresorbable and plant-based materials constitute these dividers, streamlining bleeding control post-surgery or during nasal injuries, facilitating natural recovery without the discomfort of removing nasal packing, and offering additional support to the healing process. For example, the Nasastent from Smith & Nephew, a plant-derived carboxymethyl cellulose nasal splint, serves to bolster weak nasal tissue and applies pressure to inhibit bleeding. After absorbing nasal fluid, this implant then transforms into a hydrocolloid gel that safely drains from the patient naturally. Other corporations producing these biodegradable nasal splints include Hemostasis LLC., Medtronic, among others. According to the US FDA, nasal splints are categorized as Class I medical instruments, which are not subject to premarket notification. Nevertheless, nasal splint creators are obliged to register their facilities and specify the generic class or categorization of the product.

What Are the Emerging Segments in the Nasal Splints Market?
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 And Clinics, Homecare, Research Centers, Other End Users

Subsegments:
1) By Malleable Nasal Splints: Customizable/Adjustable Nasal Splints, Preformed Malleable Nasal Splints
2) By Airway Nasal Splints: Silicone Airway Nasal Splints, Plastic Airway Nasal Splints
3) By Bivalve Nasal Splints: Pre-formed Bivalve Nasal Splints, Adjustable Bivalve Nasal Splints

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Who Are the Global Leaders in the Nasal Splints Market?
Major companies operating in the nasal splints market include 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

Which are the Top Profitable Regional Markets for the Nasal Splints Industry?
Asia-Pacific was the largest region in global nasal splints market in 2023. North America was the second-largest region in the nasal splints market. The regions covered in the nasal splints market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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