Nasal Splints Global Market To Reach Value Of About $2 Billion In 2025

18 Oct, 2021

The nasal splints market consists of sales of nasal splints. These nasal splints are devices that are used to prevent nasal bone movement from their positions to avoid side-effects such as nose bleeding, inflammation inside the nostrils, and maintain the shape of the nose after any reconstructive surgery or rhinoplasty.

Global Nasal Splints Market Size And Drivers:

The global nasal splints market is expected to grow from $1.35 billion in 2020 to $1.49 billion in 2021 at a compound annual growth rate (CAGR) of 10.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1.73 billion in 2025 at a CAGR of 3.8%. Owing to the rising numbers of rhinoplasty surgery and use of nasal splints for post-operative care, the market for nasal splints is forecasted to grow.

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Trends In The Global Nasal Splints Market

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 helps to support the soft nasal tissue and provide pressure to prevent bleeding. This implant eventually converts into a hydrocolloidal 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.

Global Nasal Splints Market Segments:
The global nasal splints market is further segmented –
By Type: Malleable Nasal Splints, Airway Nasal Splints, Bivalve Nasal Splints,
By End User: Hospitals & Clinics, Homecare, Research Centers, Others
By Application: Plastic Surgery, Rhinological operations, ENT-Surgery, Others
By Route of Administration: Intranasal Segment, Extranasal Segment
By Geography: The global nasal splints market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Nasal Splints Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides nasal splints market overviews, analyzes and forecasts market size and growth for the global nasal splints market, nasal splints market share, nasal splints market players, nasal splints market segments and geographies, nasal splints market’s leading competitors’ revenues, profiles and market shares. The nasal splints market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.