Research Trends: Comprehensive Nasal Splints Market Forecast 2023-2032: Growth Rate, Drivers, And Trends

Wednesday, 29 November 2023

Comprehensive Nasal Splints Market Forecast 2023-2032: Growth Rate, Drivers, And Trends

The Nasal Splints Global Market Report 2023 by The Business Research Company, provides nasal splints market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

Learn More On The Nasal Splints Market:

https://www.thebusinessresearchcompany.com/report/nasal-splints-global-market-report

According to The Business Research Company’s Nasal Splints Global Market Report 2023, the market size will grow from $6.25 billion in 2022 to $6.9 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the nasal splints is expected to grow to $9.68 billion in 2027 at a CAGR of 8.8%.

Rhinoplasty is one of the most commonly performed reconstructive cosmetic surgery across the globe and Rhinoplasty accounted for 62% of the procedures performed on women and 79% of procedures performed on men in 2021.

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The nasal splints market is segmented:

1) By Type: Malleable Nasal Splints, Airway Nasal Splints, Bivalve Nasal Splints,

2) By End User: Hospitals & Clinics, Homecare, Research Centers, Other End Users

3) By Application: Plastic Surgery, Rhinological operations, ENT-Surgery, Other Applications

4) By Route of Administration: Intranasal Segment, Extranasal Segment

Nasal splints made from biodegradable materials are gaining popularity in the industry, as they do not require surgical removal after implantation. The biodegradable materials in nasal splints include plant-based and bioresorbable materials. They help in controlling bleeding after surgery or nasal trauma, eliminating the need for painful nasal packing removal for patients, and act as an adjunct to aid in the natural healing process. For instance, Smith & Nephew offers a dissolvable nasal splint Nasastent composed of plant-based carboxymethyl cellulose that helps to support the soft nasal tissue and provides pressure to prevent bleeding. This implant eventually converts into a hydro colloidal gel after absorbing nasal fluid and drains from the patient naturally. Some of the other companies offering biodegradable nasal splints are Hemostasis LLC., Medtronic and others.

The nasal splints market report table of contents includes:

1. Executive Summary

2. Market Characteristics

3. Market Trends And Strategies

4. Impact Of COVID-19

5. Market Size And Growth

6. Segmentation

7. Regional And Country Analysis

27. Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions

29. Future Outlook and Potential Analysis

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