Market Highlights
The growing acceptance of nasal splints accustomed by
cosmetic advances is one of the major trends witnessed in the global nasal
splint market over the forecast period. The ENT devices are becoming more
advanced, efficient, and evolved in terms of technology. In case of people that
are undergoing rhinoplasty might be affected with the after-effects such as a
change in the shape of the nose owing to the movement of tissues and bones
inside the nose. These problems are resolved with the use of external nasal
splints that holds the structure and prevent any deformities, or other
symptoms.
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The nasal splints market is expected to witness tremendous
growth owing to as increased adoption of nasal splints to prevent nasal
deformities, bleeding, and inflammations to some extent, along with the rising
acceptance of advanced procedures, and innovative surgical techniques. Other
key factors such significant investments in R&D and expansions undertaken
by key players are contributing towards the growth of the market. However, challenges
such as need for skilled professionals, laborer, and economic sustainability
are likely to curb the market growth during the forecast period.
Segmentation
The global nasal splints market is segmented into type,
application, end-users. The nasal
splints market, by type, the market is segmented into malleable nasal
splints, airway nasal splints, and bivalve nasal splints. On the basis of
application, the nasal splints market is bifurcated into plastic surgery,
Rhinological operations, ENT-surgery, and others. On the basis of end-user, the
market is segmented into hospitals & clinics, homecare, research centers,
and others.
Regional Analysis
The Americas is the largest in the market owing to the
increasing demand for aesthetic appearance and consistency among end-users in
this region has enhancing the adoption of nasal splints in this region. The
European region is the second largest nasal splints market over the forecast
period due to high acceptance of nasal splints in research & development
along with the increasing acquisition by the market players are also
accountable for the growth of the nasal splints market.
The Asia Pacific region is likely to develop at the
uppermost CAGR for the nasal splints market in the years to come. Moreover, the
rising veterinary care services both at the veterinary hospital and at
community level are expected to influence the market in a positive way. The
Middle East and Africa accounts for the least market share due to low per
capita income and lack of availability of well-trained healthcare
professionals.
Key Players
Some of the key players in the global 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.
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