The United States boasts one of the world's largest and most advanced healthcare markets, setting global standards in the industry.

NEWARK, DELAWARE, UNITED STATES OF AMERICA, October 13, 2023 /EINPresswire.com/ -- The fragmentable nasal and ear dressing market is expected to grow at a significant rate in the coming years, driven by several factors including increasing ear and nasal surgeries around the globe, and increasing research and development. The market value is projected to increase from US$ 585.8 Million in 2023 to US$ 1.1 Billion by 2033, and it is further projected to expand at a CAGR of 6.5% over the forecast period (2023-2033).

As surgical techniques continue to advance, an increase in the number of nasal and ear surgeries is expected. Dressings that promote proper healing, reduce postoperative complications, and ensure patient comfort is experiencing greater demand. Also, patients and healthcare providers are often interested in non-invasive or minimally invasive treatment options. Fragmentable nasal and ear dressings, which can be tailored to specific anatomical contours, is fulfilling this demand.

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With growing aging population, there is a higher likelihood of chronic conditions, injuries, and age-related issues with ear, nose and throat (ENT).

One in six people worldwide will be 60 years of age or older by 2030, according to the World Health Organisation (WHO) - 2021. By 2050, there will be 1.4 million persons in the globe who are 60 years of age or older, up from 1 million in 2020. In comparison to 2020, there will be 2.1 million more persons worldwide who are 60 years of age or older in 2050.

Nasal and ear dressings catering to geriatric patients' unique needs may witness an increased demand.

Key Takeaways from Market Study

By product, the nasal dressing’s accounted for 5% of the total market in 2022. Since, the nasal dressings are easier to apply and are more comfortable for patients compared to dressings in the sensitive and narrow ear canal, it dominates the market.

By size, others segment accounted for 8% of the total market share in 2022. It is because larger dressings are be used to cover larger wounds or surgical sites to ensure proper protection and wound healing.

By shape, anatomical segment contributed about 4% to the total market in 2022. Anatomically shaped dressings are designed to conform to specific body parts, such as the nose and ears, providing a more precise fit and improved functionality.

By application, sinus surgery accounted for 3% of the total market share in 2022. As the number of sinus surgeries rises, there is likely to be increased awareness among healthcare professionals and patients about the importance of appropriate postoperative care, including the use of specialized dressings.

When considering end users, hospitals accounted for around 0% of the global market share in 2022. Hospitals frequently participate in clinical trials for medical products, including dressings. Positive results from these trials can lead to increased adoption of specific dressings, further benefiting the market.

North America dominated the global market in 2022 with U.S. contributing around US$ 193.2 Million in 2022.

“Technology advancements in nasal and ear dressings and the increasing healthcare expenditure are driving the expansion of the fragmentable nasal and ear dressing market,” says Sabyasachi Ghosh, Principal Consultant at Future Market Insights

Market Competition

Companies within this market sphere are actively seeking partnership and acquisitions as the key strategy to maintain their foothold in the market.

In May 2019, Datt Mediproducts Private Limited received U.S. patent grant for novel nasal dressings.

Key Players:

Stryker
Smith and Nephew plc
Medtronic
Pfizer Inc.
MP MEDITECH
Datt Mediproducts Private Limited
First Aid Bandage Company (FABCO)
Summit Medical LLC (Innovia Medical)
Olympus Corporation
Lohmann & Rauscher GmbH & Co. KG

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Key Segmentations:

By Product:

Nasal Dressings
Dressings With Drawstrings
Dressings Without Drawstrings
Ear Dressings

By Size:

2cm
4cm
8cm
Others

By Shape:

Rectangle
Square
Cylindrical
Anatomical

By Application:

Sinus Surgery
Septorhinoplasty
Middle Ear Surgery

By End User:

Hospitals
Ambulatory Surgical Centers
ENT Clinics
Aesthetic Clinics

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East and Africa (MEA)

Author by:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Ankush Nikam
Future Market Insights, Inc.
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