The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s nasal splints market report forecasts the nasal splints market size to grow to $9.68 Billion by 2027, with a CAGR (compound annual growth rate) of more than 8%.

Learn More On The Nasal Splints Market Report 2023 – https://www.thebusinessresearchcompany.com/report/nasal-splints-global-market-report

Nasal Splints Market Size Forecast

The global nasal splints market is expected to 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The nasal splints market size is expected to grow to $9.68 billion in 2027 at a CAGR of 8.8%.

Asia-Pacific held the largest nasal splints market share.

Key Nasal Splints Market Driver ­– Rise In Number Of Rhinoplasty Surgery

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.

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Key Nasal Splints Market Trend – Developing Biodegradable Materials

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.

Nasal Splints Market Segment

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

2) 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

Nasal Splints Market Major Players and Strategies

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.

The Nasal Splints Global Market Report 2023 covers regional data on nasal splints market size, nasal splints market trends and drivers, opportunities, strategies, and nasal splints market competitor analysis. The countries covered in the nasal splints market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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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