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Bio-Absorbable Nasal and Ear Packing Products Market to Witness Exponential Growth by 2024
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Bio-absorbable nasal and ear packing products market is continue to witness positive growth owing to higher prevalence of ear and nose ailments. Along with that, the increased number of ageing population will help to bolster the market growth. According to World Health Organization (WHO), hearing impairment prevalence rate was 5.3%, or approximately ~360 million people across the globe were experiencing hearing impairment in 2012. Among these, 91% of population were adults and 9% were children. Apart from this, increased number of surgeries, acceptance among health care professionals perhaps positively impact bio-absorbable nasal and ear packing products market over the forecast period. However biocompatibility issues, adverse reactions from these products may hamper the growth of bio-absorbable nasal and ear packing products market over the forecast period.
Global bio-absorbable nasal and ear packing products market has been segmented on the basis of material type, application, end user and region.
Global bio-absorbable nasal and ear packing products market is experiencing significant growth owing to acceptance of bio absorbable products among medical fraternity. In comparison with non-absorbable packing these packings have better patient compliance, so this may positively impact on the adoption of bio-absorbable nasal and ear packing products over the forecast period. Ready availability of the product, strong distribution channel and high penetration of local playres in their respecitive regions and affordable pricing are expected to boost the market growth. By material type, hyaluronic acid based product segment has higher growth potential in the global bio-absorbable nasal and ear packing products market.
Geographically, bio-absorbable nasal and ear packing products market is segmented into regions viz. North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. North America and Europe will remain key markets for bio-absorbable nasal and ear packing products market due to availability of favourable reimbursement policies and increased demand superior products for surgeries among health care professionals. Asia Pacific is anticipated to register positive growth owing to increase in aging population and government policies in the region.
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Some of the key players in the global bio-absorbable nasal and ear packing products market are Entellus Medical, Inc., Medtronic Plc. Smith & Nephew, Abgel, Boston Medical Products, Inc, Stryker to name a few.
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