The Largest Segment Driving The Growth Of Nasal Splints Market

Nasal Splints Market 


The global Nasal Splints Market is estimated to be valued at US$ 138.4 Mn or Mn in 2023 and is expected to exhibit a CAGR of 9.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market Overview:

Nasal splints are medical devices used to support the nasal cartilage and bone structure after nasal surgery or nasal injury. They help stabilize and protect the nasal structure during healing. Commonly used nasal splints maintain nasal airflow and keep the internal nasal structure in correct alignment.


Market key trends:

Development of bioabsorbable nasal splints is a key trend in the market. These splints are made from materials that naturally break down and are absorbed by the body over a period of time, eliminating the need for splint removal surgery. For instance, polyglycolic acid is commonly used to manufacture bioabsorbable nasal splints that can keep the nose supported for 4-6 weeks and get absorbed completely within 3-6 months of implantation. This reduces post-surgery complications and patient discomfort, driving the adoption of bioabsorbable nasal splints.
The global nasal splints market has been witnessing significant growth owing to the rising prevalence of sinusitis and nasal fractures. Nasal splints are increasingly being used post-sinus surgeries and sinus dilation procedures to prevent adhesions and scarring. Moreover, growing demand for minimally invasive ENT procedures and the development of advanced biomaterial-based nasal splints are further propelling the market growth.


SWOT Analysis


Strength: Nasal splints offer effective healing and prevent complications post sinus and nasal surgeries. They help reduce scarring and adhesions inside the nasal cavity.
Weakness: Some patients may experience discomfort, pain, or irritation from nasal splints. Improper fitting of splints can affect breathing.
Opportunity: Advancements in biomaterial sciences are expanding the product pipeline. Biodegradable splints offering enhanced comfort are gaining traction.
Threats: Low acceptance of nasal splints in developing nations due to lack of awareness. Alternate wound healing methods may hamper the market growth.


Key Takeaways


The Global Nasal Splints Market Growth  is expected to witness high, exhibiting CAGR of 9.0% over the forecast period, due to increasing prevalence of sinusitis and nasal injuries worldwide.

North America dominates the nasal splints market owing to growing demand for minimally invasive ENT procedures in the region. Moreover, presence of key players are contributing to the regional market growth. Asia Pacific is projected to witness fastest growth in the nasal splints market during the forecast period owing to rising healthcare infrastructure and medical tourism in emerging countries such as China, India, and South Korea.

Key players operating in the nasal splints market include Olympus Corporation, Medtronic, Stryker, Smith & Nephew., Summit Medical, Surgiform, Mentor Worldwide LLC (Johnson & Johnson), Intersect ENT, Inc., Cook Medical, and Network Medical Products Ltd. Olympus Corporation holds a significant share of the market.


Read More - https://www.insightprobing.com/nasal-splints-market-growth-and-share-analysis-size-and-forecasts/

 

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