Nasal Splints Market Share

Nasal Splints Market Overview

Global nasal splints market size was valued at USD 1.65 billion in 2022. The nasal splints market industry is projected to grow from USD 1.74 billion in 2023 to USD 2.88 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.11% during the forecast period (2023 - 2032). The nasal braces are gadgets utilized to keep the development of nasal bones from their particular area after any reconstructive medical procedure or rhinoplasty to keep up with the state of the nose.

Further, it might likewise keep away from other unfavourable medical procedure results, for example, nose draining and aggravation inside the nostrils. In 2016, it was assessed that the nasal support market is roughly around 12% of the generally ENT gadgets market worldwide. The market was the smallest in the worldwide ENT gadgets market in 2016, representing about a portion of a billion USD.

The nasal braces market comprises types, applications, and end clients. The market by type is portioned into pliable nasal braces, aviation route nasal supports, and bivalve nasal supports. The market is bifurcated into plastic medical procedures, consistent rhino tasks, ENT-medical processes, etc. The market is fragmented into clinics and facilities, homecare, research focuses, and others based on end-client.

The specific component that is answerable for impacting this market is the developing interest for negligibly intrusive methodology combined with the expanded reception of nasal braces acquainted with corrective advances. Notwithstanding, factors such as the severe administrative system for clinical gadgets and the absence of gifted specialists and different experts are supposed to limit market development during the gauge time frame.

Segmentation

The nasal splints market is segmented on the basis of type, application, end-users. The market, by type, the market is segmented into malleable nasal splints, airway nasal splints, and bivalve nasal splints. On the basis of application, the market is bifurcated into plastic surgery, rhino logical operations, ENT-surgery, and others. On the basis of end-user, the market is segmented into hospitals & clinics, homecare, research centres, and others.

On the basis of region, the nasal splints market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The Americas is sub-segmented into North America and South America. The North American region is further segmented into the US and Canada. The European region is divided into two, namely, Western Europe and Eastern Europe. Western Europe is further classified into Germany, Italy, France, the UK, Spain, and the rest of Western Europe. The Asia-Pacific region is sub-segmented into Japan, China, India, Australia, the Republic of Korea, and the rest of Asia-Pacific. The Middle Eastern and African region is sub-segmented into the United Arab Emirates, Saudi Arabia, Oman, Kuwait, Qatar, and the rest of the Middle East and Africa.

Key players

Some of the key players in the nasal splints market are Network Medical Products (UK), Summit Medical Group (US), Surgiform Technologies LLC (US), Mentor Worldwide LLC (US), DTR Medical (UK), Boston Medical Product Inc. (US), Medtronic plc (US), Olympus Corporation (Japan), Innovia Medical, LLC (US), Smith & Nephew (US), and others.

Regional Market Summary

Global Nasal Splints Market Share (%), by Region, 2017

Sources: Centers for Disease Control and Prevention (CDC), World Health Organization (WHO), US Department of Health and Human Services, National Institutes of Health, Company’s Annual Report

The Americas region dominated the nasal splints market in 2017, owing to the growth in the North America region which is largely attributed to the factors such as the high demand for rhinoplasty due to changing trend for increasing the beauty appeal and aesthetic appearance has further led to fuel the growth of the market.

Europe hoisted as the second largest region for the nasal splints market owing to increasing awareness of disease-causing nasal deformities along with the rise in the number of numerous cosmetic surgeries is are expected to provide this market with lucrative growth opportunities.

Asia-Pacific was projected to be the fastest growing region for the nasal splints market in 2017. The factors attributed to the due to the increasing number of accidentals leading to nasal deformities and advancement in the surgical techniques, further increasing the demand for various diagnostic testing.

The Middle East and Africa holds the least share in the market due to the presence of poor health expenditure and economically diverse countries. However, the market is expected to witness growth due to increasing healthcare programs in the Middle East.

Intended Audience:

• Medical device companies


• Clinical institutes


• Government and private laboratories


• Research and Development (R&D) companies


• Medical research laboratories


• Market research and consulting service providers

Market Segmentation and Key Market Players

 Market of Nasal Splints, by Type:

• Malleable Nasal Splints


• Airway Nasal Splints


• Bivalve Nasal Splints

Market of Nasal Splints, by Application:

• Plastic Surgery


• Rhinological operations


• ENT-Surgery


• Others

Market of Nasal Splints, by End-Users:

• Hospitals & Clinics


• Homecare


• Research Centers


• Others

Market of Nasal Splints, by Region:

• Americas


• Europe


• Asia-Pacific


• Middle East & Africa

Market of Nasal Splints, by Key Players:

• Network Medical Products


• Summit Medical Group


• Surgiform Technologies LLC


• Mentor Worldwide LLC


• DTR Medical


• Boston Medical Product Inc.


• Medtronic plc


• Olympus Corporation


• Innovia Medical, LLC


• Smith & Nephew

November 2020

Thyssen'sche Handelsgesellschaft mbH (THG) gained a greater part stake in SPIGGLE and THEIS Medizintechnik GmbH. The matter of SPIGGLE and THEIS is connected with the turn of events, creation, and circulation of clinical items for the ENT fragment. Since SPIGGLE and THEIS have a solid worldwide impression, these acquisitions assist the Nasal Splints with promoting to develop.

October 2019

Innovia Medical procured DTR Medical. DTR Medical works in planning and producing single-utilized careful instruments for general and expert surgeries. This sort of procurement assists Innovia Medical with extending its item portfolio, which will ultimately help the Nasal Splints Market development.