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The external nasal dilator market size is forecast to increase by USD 242.3 million at a CAGR of 6.78% between 2023 and 2028.
The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The nasal congestion segment is estimated to witness significant growth during the forecast period.External nasal dilators are non-invasive medical devices designed to improve nasal airflow by reducing nasal resistance. These devices are beneficial for individuals experiencing nasal congestion, sleep disorders such as snoring and obstructive sleep apnea, and respiratory diseases like asthma. External nasal dilators can help alleviate breathing difficulties caused by anatomical anomalies, such as a deviated septum or airway blockage. Reusable and customizable, these devices are available over-the-counter at retail pharmacies and online platforms. They are suitable for both adults and pediatrics, offering hypoallergenic materials and wearable health technology for increased comfort. External nasal dilators can also enhance athletic performance by improving nasal airflow during physical activity.
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The nasal congestion segment was valued at USD 238.30 million in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in North America, with the United States being the major contributor, is driven by the high prevalence of sleep disorders, such as chronic sinusitis, and the growing awareness of the benefits of external nasal dilation for improving airflow and alleviating nasal resistance. Sleep disorders, including snoring, affect a significant portion of the US population, with approximately 85-95 million people reportedly snoring during sleep. These disorders can lead to decreased productivity and serious health implications, making non-invasive solutions like external nasal dilators increasingly popular. External nasal dilators are suitable for various populations, including adults, pediatrics, and the geriatric population, and are available over-the-counter at retail pharmacies and online platforms.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market encompasses a range of medical devices designed to improve nasal passage function and alleviate various respiratory issues. These devices aim to reduce nasal resistance, thereby increasing airflow and addressing conditions such as snoring, sleep disorders, and nasal congestion. Nasal passages play a crucial role in respiratory health, allowing the free flow of air during breathing. However, several factors, including structural anomalies, air pollution, allergies, and respiratory diseases, can obstruct the nasal passages and lead to breathing difficulties. External nasal dilators offer non-invasive solutions to these issues, providing relief for adults and pediatric populations alike. These devices are available over-the-counter at retail pharmacies and online platforms, making them accessible and convenient for consumers.
Moreover, the market for external nasal dilators has experienced significant growth due to the increasing prevalence of sleep-related disorders and respiratory diseases. Obstructive sleep apnea, a common sleep disorder, affects millions of people worldwide, leading to increased demand for effective and comfortable nasal dilators. The geriatric population is another significant market segment, as age-related anatomical anomalies can contribute to nasal airway resistance and breathing difficulties. External nasal dilators provide a wearable healthcare technology solution, offering customizable features and hypoallergenic materials to cater to individual needs. Athletes and individuals with active lifestyles also benefit from external nasal dilators, as improved nasal function can enhance athletic performance and overall respiratory health.
Furthermore, design and comfort are essential factors in the market, with consumers seeking devices that are easy to use, effective, and unobtrusive. Re-usable devices made from soft materials have gained popularity due to their durability and flexibility. In summary, the market represents a growing sector within the medical devices industry, addressing various respiratory issues and improving overall nasal health for a diverse range of consumers. With a focus on non-invasive solutions, customizable features, and wearable health technology, external nasal dilators offer a promising solution for individuals seeking relief from nasal airflow constraints and breathing difficulties.
Market Scope |
|
Report Coverage |
Details |
Page number |
162 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.78% |
Market growth 2024-2028 |
USD 242.3 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.23 |
Key countries |
US, UK, Germany, China, and Canada |
Competitive landscape |
Leading Companies, market growth and forecasting, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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