nasal splints market size is estimated to be valued at US$ 2.79 Bn in 2023 and is expected to reach US$ 3.45 Bn by 2030, exhibited a CAGR of 3.1% Forecast 2030

BURLINGAME, CALIFORNIA , UNITED STATES, May 20, 2024 /EINPresswire.com/ -- Market Overview:

Nasal splints are medical devices used internally or externally in the nasal cavity after nasal surgery or trauma to stabilize the nose and promote healing. Common applications include preventing collapse of the nasal septum or valves following septoplasty or rhinoplasty.

Market Dynamics:

The nasal splints market is expected to grow significantly during the forecast period owing to the increasing incidence of nasal injuries and rising number of nasal surgeries. According to the American Academy of Facial Plastic and Reconstructive Surgery, over 200,000 rhinoplasty procedures are performed in the United States annually. Similarly, deviated septum correction surgery affects over 10% of the general population. Moreover, the growing preference for minimally invasive procedures is also driving the demand for nasal splints as they help reduce postoperative swelling and pain compared to traditional splinting methods. On the other hand, unfavorable reimbursement policies in some regions may hinder the market growth.

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List of TOP Players in Market Report are: –

◘ Olympus Corporation
◘ Medtronic
◘ Stryker
◘ Smith & Nephew.
◘ Summit Medical
◘ Surgiform
◘ Mentor Worldwide LLC (Johnson & Johnson)
◘ Intersect ENT Inc.
◘ Cook Medical
◘ Network Medical Products Ltd

Note: Major Players are sorted in no particular order.

Market Detailed Segmentation:

By Type: Malleable Nasal Splints, Airway Nasal Splints, Bivalve Nasal Splints, Septal Nasal Splints, and Others
By Material Type: Plastic Splints, Metal Splints, Silicon Splints, Bioabsorbable Splints, and Others
By Application: Plastic Surgeries, Rhinoplasty, Deviated Septum, Nasal Fractures, and Others
By End User: Hospitals, ENT Clinics, Ambulatory Surgical Centers, and Others
Increasing Prevalence of Nasal Injuries is Driving the Demand for Nasal Splints

Sports-related nasal injuries are one of the most common types of soft tissue injuries. Football, soccer, rugby, martial arts and basketball are some of the contact sports responsible for high rates of nasal fractures. According to stats published by National Institutes of Health, every year around 600,000 people in the United States suffer from nasal fractures. Nasal splints play a crucial role in treating such injuries by providing structural support during the healing process. Their ability to stabilize the fractured nasal bones and promote healing without complications has made them integral part of standard treatment protocol for nasal fractures.

Rise in Number of Nasal Surgeries is Fueling Growth of Nasal Splints Market

Besides injuries, nasal surgeries are another major driver of nasal splints demand. Surgeries like rhinoplasty, septoplasty and sinus surgeries often require the use of nasal splints post-procedure for support. According to American Society of Plastic Surgeons, rhinoplasty saw over 209,000 procedures performed in 2018 alone in the US. Growing popularity of aesthetic as well as reconstructive nasal procedures worldwide has significantly contributed to the sales of nasal splints. Changing consumer attitudes towards personal appearance along with medical advancements in nasal procedures are propelling this growth.

Compliance Issues with Nasal Splints Pose Significant Restrain

One of the major challenges faced by nasal splints is ensuring patient compliance during the healing period which typically ranges from one to two weeks. Due to discomfort caused by the rigid nature of most nasal splints, there is a risk of premature removal by patients. Non-compliance can delay healing and increases chances of postoperative complications like reduced ability to breathe properly. The splints have to be kept in place long enough until nasal bones fuse completely. Development of more comfortable yet equally effective alternatives is important to address this compliance issue which currently poses a significant restrain to the nasal splints market.

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Adoption of Bioabsorbable Nasal Splints Presents Lucrative Opportunity

Bioabsorbable nasal splints made from polymers that get absorbed by the body after serving their purpose offer compelling advantages over conventional splints. They eliminate the need for removal in the clinic as they get resorbed naturally during healing. This enhances patient comfort drastically. Also, their biocompatible composition makes bioabsorbable splints well-tolerated with negligible risks of adverse local reactions. Leading manufacturers are investing in R&D to expand product lines of advanced bioabsorbable variants. Their superior attributes are finding more acceptance among medical community for trauma as well as post-surgical nasal applications. This presents exciting opportunities for companies to gain market share with innovative bioabsorbable nasal splint designs.

Advent of 3D Printing Technology is Revolutionizing Nasal Splint Designs

3D printing is opening new frontiers of possibility in nasal splint development with its ability to produce personalized, custom-fitted devices. Current market trend indicates a paradigm shift from standard one-size-fits-all splints towards patient-specific 3D printed versions. These splints can be designed based on individual anatomical details obtained from CT/MRI scans for ideal fit and comfort after nasal procedures. Being lightweight yet durable, 3D printed splints also reduce risk of displacement. Leading players have already started utilizing advanced 3D printing to fabricate nasal splints with intricate microscopic structures for superior performance. With continuous technological advancements, mass production of such customized nasal splints using 3D printing will transform the industry in coming years.

Furthermore, the years considered for the study are as follows:

Historical data - 2016-2022
The base year for estimation - is 2022
Estimated Year - 2024
Forecast period** - 2024 to 2031

This Nasal Splints Market Research/Analysis Report Contains Answers to your following Questions:

◈What are the current global trends in the Nasal Splints market, and will the market experience an increase or decrease in demand in the upcoming years?

◈ What is the expected demand for various product types within the Nasal Splints market, and what are the emerging Market applications and trends?

◈ What are the projections for the global Nasal Splints Market in terms of capacity, production, production value, cost, profit, market share, supply, consumption, import, and export?

◈ How will strategic developments shape the Market trajectory in the medium to long term?

◈ What factors contribute to the final price of Nasal Splints , and what are the raw materials used in its manufacturing?

◈ What is the market's growth potential, particularly with the increasing adoption of Nasal Splints in mining?

◈ What is the current and 2022 value of the global market, and who are the leading companies in this market?

◈ What recent Market trends can be leveraged to create additional revenue streams?

◈ What entry strategies, economic impact mitigation measures, and marketing channels should be considered for the Nasal Splints Market?

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Summarized Extracts from TOC of Market Study

Chapter 1 Nasal Splints Introduction and Market Overview

1.1 Objectives of the Study

1.2 Overview of Nasal Splints

1.3 Scope of The Study

1.3.1 Key Market Segments

1.3.2 Players Covered

1.3.3 COVID-19’s impact on the Nasal Splints industry

1.4 Methodology of The Study

1.5 Research Data Source

Chapter 2 Executive Summary

Chapter 3 Industry Chain Analysis

Chapter 4 Market, by Type

Chapter 5 Market, by Application

Chapter 6 Market Analysis by Regions

Chapter 7 North America Market Analysis by Countries

Chapter 8 Europe Nasal Splints Market Analysis by Countries

Chapter 9 Asia Pacific Nasal Splints Market Analysis by Countries

Chapter 10 Middle East and Africa Nasal Splints Market Analysis by Countries

Chapter 11 South America Nasal Splints Market Analysis by Countries

Chapter 12 Competitive Landscape

Chapter 13 Industry Outlook

Chapter 14 Market Forecast

Chapter 15 New Project Feasibility Analysis

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