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What is the Growth Potential of the Nasal Splints Market, and How Will It Perform by 2034?

There has been significant growth in the nasal splints market in the past years. The market is projected to expand from a valuation of $6.73 billion in 2024 to $7.39 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 9.8%. The historical growth of this market is primarily due to factors such as post-operative recovery, trauma and fractures, rhinoplasty procedures, and increased patient comfort.

In the upcoming years, the market for nasal splints is projected to experience robust expansion. The market value is set to reach $10.42 billion by 2029, with a compound annual growth rate (CAGR) of 9.0%. This growth during the forecast period can be credited to factors such as the adoption of minimally invasive methods, the surge in emerging markets, regulatory backing, and the rise of telehealth and remote consultations. The key trends expected during this period encompass the use of advanced materials, the provision of tailored solutions, the integration of digital health, as well as the application of sustainable and environmentally-friendly procedures.

Which Macro and Microeconomic Factors Are Accelerating the Growth of the Nasal Splints Market?

The nasal splints market is anticipated to expand as a result of the increasing incidence of rhinoplasty surgeries. Rhinoplasty is among the most frequently undertaken cosmetic reconstruction surgeries worldwide. Rhinoplasty London, a UK-based clinic, reported that in 2023, females accounted for 82% of rhinoplasty surgeries, with males making up 18%. In the previous year, 17.4% of these procedures were performed on male patients. Intranasal splints, which are used to aid hemostasis and structural support while also reducing scar tissue, are a common component of the post-surgery procedure. This increase in rhinoplasty surgeries is thus contributing to the growth of the nasal splints market.

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Who Are the Major Companies Shaping the Competitive Landscape of the Nasal Splints Market?

Major companies operating in the nasal splints market include Boston Medical Products Inc., Innovia Medical, Medtronic Plc, Olympus Corporation, Smith & Nephew plc, DTR Medical, Mentor Worldwide LLC, Network Medical Products Ltd., Summit Medical Group, Surgiform Technologies LLC, Shippert Medical Technologies, Spiggle & Theis Medizintechnik GmbH, Stryker Corporation, Acclarent Inc., Cook Medical, KARL STORZ SE & Co. KG, Integra LifeSciences, Medline Industries LP, B. Braun Melsungen AG, Merit Medical Systems, Intersect ENT, ArthroCare Corporation, Lumenis, ConMed Corporation, DePuy Synthes Companies, Zimmer Biomet, KLS Martin Group, Becton Dickinson and Company, Terumo Corporation, Johnson & Johnson, 3M, Teleflex Medical OEM

What Are the Latest Innovations and Trends Influencing the Nasal Splints Market?

Nasal splints constructed from biodegradable materials are becoming more desirable within the sector, since they eliminate the need for a secondary surgery to remove them. The constituents of these nasal splints include materials derived from plants and materials that are bioresorbable. These splints prove useful in halting bleeding post-surgery or following nasal injuries, and they remove the requirement for distressing nasal pack withdrawal in patients, while also assisting with natural healing processes. A prime example would be the Nasastent, a nasal splint that dissolves offered by Smith & Nephew, made from plant-derived carboxymethyl cellulose. This splint lends support to delicate nasal tissue and creates pressure to prevent bleeding. When it absorbs nasal fluids, it metamorphoses into a hydro colloidal gel and naturally departs the patient’s system. Hip Hemostasis LLC., Medtronic, and several other firms also provide biodegradable nasal splints. According to the US FDA, nasal splints belong to the Class I category of medical devices and are not subject to premarket notification. However, manufacturers of nasal splints are obligated to register their facilities and categorize it under a generic title or classification name.

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Which Growth-Oriented Segments of the Nasal Splints Market Are Leading the Industry’s Development?

The nasal splints market covered in this report is segmented –

1) By Type: Malleable Nasal Splints, Airway Nasal Splints, Bivalve Nasal Splints,

2) By Route of Administration: Intranasal Segment, Extranasal Segment

3) By Application: Plastic Surgery, Rhinological operations, ENT-Surgery, Other Applications

4) By End User: Hospitals And Clinics, Homecare, Research Centers, Other End Users

Subsegments:

1) By Malleable Nasal Splints: Customizable/Adjustable Nasal Splints, Preformed Malleable Nasal Splints

2) By Airway Nasal Splints: Silicone Airway Nasal Splints, Plastic Airway Nasal Splints

3) By Bivalve Nasal Splints: Pre-formed Bivalve Nasal Splints, Adjustable Bivalve Nasal Splints

Which Regions Are Making a Mark in the Nasal Splints Market Growth?

Asia-Pacific was the largest region in global nasal splints market in 2023. 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, Middle East, and Africa.

How Is the Nasal Splints Market Categorized and Defined in the Industry?

Nasal splints are devices designed to fit inside or on the nose to provide support after 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.

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