Quick Summary:
In the frothing tide of today's healthcare innovations, the nasal splints market is making notable strides, bolstered by the burgeoning demand and necessity of nasal surgeries globally. As one of the most crucial tools in post-operative care, nasal splints are pivotal in facilitating septal stability, minimizing scarring, and maintaining the success of various procedures, from rhinoplasty to ENT surgeries. To navigate this market's rippling landscape and leverage the opportunities it presents, gaining an in-depth perspective becomes imperative, a need our comprehensive market research report is designed to fulfil.
Our report taps into the heart of this rapidly expanding market, exploring the demand for different types of nasal splints, including malleable, airway, and bivalve variants. It lays bare the significant trends and opportunities, driven by the advent of biodegradable nasal splints and the continuous surge in nasal surgical procedures. Further, it explores the practical challenges confronted by the industry, such as the scarcity of specialized skillsets. Possessing such knowledge is essential in determining impactful business decisions and strategic plans, propelling your organization towards success. This report’s global coverage and analysis of leading market participants equip you with a robust tool to build a fitting roadmap in the nasal splints market – a marketplace that promises a future full of potential growth.
The global nasal splints market 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, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The nasal splints marke is expected to grow to $9.68 billion in 2027 at a CAGR of 8.8%.
The nasal splints market consists of sales of instruments such as malleable nasal splints, airway nasal splints, and bivalve nasal splints. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Nasal splints are devices meant specifically to fit into or on the nose for providing support following nasal surgery. Nasal splints include intranasal splints and external nasal splints. Intranasal splints are placed into the nose and are used to maintain septal stability and prevent intranasal adhesions following septal surgery. External nasal splints are placed on the outer part of the nose and used to prevent the nose from moving following rhinoplasty or nasal contouring procedures.
Asia Pacific was the largest region in nasal splints market in 2022. North America was the second-largest region in the nasal splints market. The regions covered in the nasal splints market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The main types of nasal splints market are malleable nasal splints, airway nasal splints, and bivalve nasal splints. The bivalve nasal splints are designed to provide septal support and reduce or prevent adhesions between the septum and lateral nasal wall following surgery. The various applications involved are plastic surgery, rhinological operations, ENT surgery, and others. The various end-users are hospitals and clinics, home care, research centres, and others.
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. As part of the post-operative procedure, intranasal splints are used to promote hemostasis, structural support and minimize scar formation. Therefore, owing to the rising numbers of rhinoplasty surgery and the use of nasal splints for post-operative care, the market for nasal splints is forecasted to grow.
The nasal splints market was limited by a shortage of skilled surgeons and other professionals in most developed and developing countries. Equipment fabrication and integration require specialized skillsets relating to nasal surgeries, and electronics and software. According to a survey conducted by the International Society of Aesthetic Plastic Surgery (ISAPS), in the Middle Eastern countries such as Iran, there were only 238 surgeons to perform 37,423 nose jobs. The specialized skillsets relating to nasal surgeries are available to a limited number of organizations, most of which are located in the USA and Europe. This shortage of skilled surgeons and other professionals is a significant deterrent to the growth of the 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 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.
As per the US FDA, nasal splints are classified as Class I medical devices that are exempted from premarket notification. However, nasal splint manufacturers must register their establishment and list the generic category or classification name.
The countries covered in the nasal splints market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia.
The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).
The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.
The nasal splints market research report is one of a series of new reports that provides nasal splints market statistics, including nasal splints industry global market size, regional shares, competitors with a nasal splints market share, detailed nasal splints market segments, market trends and opportunities, and any further data you may need to thrive in the nasal splints industry. This nasal splints market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Major players in the nasal splints market are Boston Medical Products Inc, Innovia Medical LLC, Medtronic plc, Olympus Corporation, Smith & Nephew, DTR Medical, Mentor Worldwide LLC, Network Medical Products, Summit Medical Group, and Surgiform Technologies LLC.
This product will be delivered within 1-3 business days.
The nasal splints market consists of sales of instruments such as malleable nasal splints, airway nasal splints, and bivalve nasal splints. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Nasal splints are devices meant specifically to fit into or on the nose for providing support following nasal surgery. Nasal splints include intranasal splints and external nasal splints. Intranasal splints are placed into the nose and are used to maintain septal stability and prevent intranasal adhesions following septal surgery. External nasal splints are placed on the outer part of the nose and used to prevent the nose from moving following rhinoplasty or nasal contouring procedures.
Asia Pacific was the largest region in nasal splints market in 2022. North America was the second-largest region in the nasal splints market. The regions covered in the nasal splints market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The main types of nasal splints market are malleable nasal splints, airway nasal splints, and bivalve nasal splints. The bivalve nasal splints are designed to provide septal support and reduce or prevent adhesions between the septum and lateral nasal wall following surgery. The various applications involved are plastic surgery, rhinological operations, ENT surgery, and others. The various end-users are hospitals and clinics, home care, research centres, and others.
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. As part of the post-operative procedure, intranasal splints are used to promote hemostasis, structural support and minimize scar formation. Therefore, owing to the rising numbers of rhinoplasty surgery and the use of nasal splints for post-operative care, the market for nasal splints is forecasted to grow.
The nasal splints market was limited by a shortage of skilled surgeons and other professionals in most developed and developing countries. Equipment fabrication and integration require specialized skillsets relating to nasal surgeries, and electronics and software. According to a survey conducted by the International Society of Aesthetic Plastic Surgery (ISAPS), in the Middle Eastern countries such as Iran, there were only 238 surgeons to perform 37,423 nose jobs. The specialized skillsets relating to nasal surgeries are available to a limited number of organizations, most of which are located in the USA and Europe. This shortage of skilled surgeons and other professionals is a significant deterrent to the growth of the 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 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.
As per the US FDA, nasal splints are classified as Class I medical devices that are exempted from premarket notification. However, nasal splint manufacturers must register their establishment and list the generic category or classification name.
The countries covered in the nasal splints market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia.
The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).
The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.
The nasal splints market research report is one of a series of new reports that provides nasal splints market statistics, including nasal splints industry global market size, regional shares, competitors with a nasal splints market share, detailed nasal splints market segments, market trends and opportunities, and any further data you may need to thrive in the nasal splints industry. This nasal splints market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Major players in the nasal splints market are Boston Medical Products Inc, Innovia Medical LLC, Medtronic plc, Olympus Corporation, Smith & Nephew, DTR Medical, Mentor Worldwide LLC, Network Medical Products, Summit Medical Group, and Surgiform Technologies LLC.
This product will be delivered within 1-3 business days.
Frequently Asked Questions about the Global Nasal Splints Market
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| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | February 2023 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value ( USD | $ 6.9 billion |
| Forecasted Market Value ( USD | $ 9.68 billion |
| Compound Annual Growth Rate | 8.8% |
| Regions Covered | Global |
Table of Contents
1. Executive Summary2. Nasal Splints Market Characteristics
3. Nasal Splints Market - Macro Economic Scenario
3.1 COVID-19 Impact On Nasal Splints Market
3.2 Ukraine-Russia War Impact On Nasal Splints Market
3.3 Impact Of High Inflation On Nasal Splints Market
4. Nasal Splints Market Trends And Strategies
5. Impact Of COVID-19 On Nasal Splints
6. Nasal Splints Market Size And Growth
6.1. Global Nasal Splints Historic Market, 2017-2022, $ Billion
6.1.1. Drivers Of The Market
6.1.2. Restraints On The Market
6.2. Global Nasal Splints Forecast Market, 2022-2027F, 2032F, $ Billion
6.2.1. Drivers Of The Market
6.2.2. Restraints On the Market
7. Nasal Splints Market Segmentation
7.1. Global Nasal Splints Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Malleable Nasal Splints
- Airway Nasal Splints
- Bivalve Nasal Splints
- Hospitals & Clinics
- Homecare
- Research Centers
- Other End Users
- Plastic Surgery
- Rhinological operations
- ENT-Surgery
- Other Applications
- Intranasal Segment
- Extranasal Segment
8.1. Global Nasal Splints Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8.2. Global Nasal Splints Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. Asia-Pacific Nasal Splints Market
9.1. Asia-Pacific Nasal Splints Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
9.3. Asia-Pacific Nasal Splints Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10. China Nasal Splints Market
10.1. China Nasal Splints Market Overview
10.2. China Nasal Splints Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10.3. China Nasal Splints Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
11. India Nasal Splints Market
11.1. India Nasal Splints Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. India Nasal Splints Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Japan Nasal Splints Market
12.1. Japan Nasal Splints Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Japan Nasal Splints Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Australia Nasal Splints Market
13.1. Australia Nasal Splints Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Australia Nasal Splints Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. Indonesia Nasal Splints Market
14.1. Indonesia Nasal Splints Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. Indonesia Nasal Splints Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. South Korea Nasal Splints Market
15.1. South Korea Nasal Splints Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.2. South Korea Nasal Splints Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. Western Europe Nasal Splints Market
16.1. Western Europe Nasal Splints Market Overview
16.2. Western Europe Nasal Splints Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.3. Western Europe Nasal Splints Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. UK Nasal Splints Market
17.1. UK Nasal Splints Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. UK Nasal Splints Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. Germany Nasal Splints Market
18.1. Germany Nasal Splints Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. Germany Nasal Splints Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. France Nasal Splints Market
19.1. France Nasal Splints Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.2. France Nasal Splints Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Eastern Europe Nasal Splints Market
20.1. Eastern Europe Nasal Splints Market Overview
20.2. Eastern Europe Nasal Splints Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.3. Eastern Europe Nasal Splints Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. Russia Nasal Splints Market
21.1. Russia Nasal Splints Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.2. Russia Nasal Splints Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. North America Nasal Splints Market
22.1. North America Nasal Splints Market Overview
22.2. North America Nasal Splints Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. North America Nasal Splints Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. USA Nasal Splints Market
23.1. USA Nasal Splints Market Overview
23.2. USA Nasal Splints Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. USA Nasal Splints Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. South America Nasal Splints Market
24.1. South America Nasal Splints Market Overview
24.2. South America Nasal Splints Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.3. South America Nasal Splints Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Brazil Nasal Splints Market
25.1. Brazil Nasal Splints Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.2. Brazil Nasal Splints Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Middle East Nasal Splints Market
26.1. Middle East Nasal Splints Market Overview
26.2. Middle East Nasal Splints Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Middle East Nasal Splints Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Africa Nasal Splints Market
27.1. Africa Nasal Splints Market Overview
27.2. Africa Nasal Splints Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27.3. Africa Nasal Splints Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
28. Nasal Splints Market Competitive Landscape And Company Profiles
28.1. Nasal Splints Market Competitive Landscape
28.2. Nasal Splints Market Company Profiles
28.2.1. Boston Medical Products, Inc
28.2.1.1. Overview
28.2.1.2. Products and Services
28.2.1.3. Strategy
28.2.1.4. Financial Performance
28.2.2. Innovia Medical
28.2.2.1. Overview
28.2.2.2. Products and Services
28.2.2.3. Strategy
28.2.2.4. Financial Performance
28.2.3. LLC m Medtronic plc
28.2.3.1. Overview
28.2.3.2. Products and Services
28.2.3.3. Strategy
28.2.3.4. Financial Performance
28.2.4. Olympus Corporation
28.2.4.1. Overview
28.2.4.2. Products and Services
28.2.4.3. Strategy
28.2.4.4. Financial Performance
28.2.5. Smith & Nephew
28.2.5.1. Overview
28.2.5.2. Products and Services
28.2.5.3. Strategy
28.2.5.4. Financial Performance
29. Key Mergers And Acquisitions In The Nasal Splints Market
30. Nasal Splints Market Future Outlook and Potential Analysis
31. Appendix
31.1. Abbreviations
31.2. Currencies
31.3. Historic And Forecast Inflation Rates
31.4. Research Inquiries
31.5. About the Publisher
31.6. Copyright And Disclaimer
Executive Summary
Nasal Splints Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on nasal splints market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered
1)By Type: Malleable Nasal Splints; Airway Nasal Splints; Bivalve Nasal Splints2) 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
Companies Mentioned: Boston Medical Products Inc.; Innovia Medical; LLC Medtronic plc; Olympus Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Boston Medical Products Inc.
- Innovia Medical LLC
- Medtronic plc
- Olympus Corporation
- Smith & Nephew
- DTR Medical
- Mentor Worldwide LLC
- Network Medical Products
- Summit Medical Group
- Surgiform Technologies LLC
Methodology
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