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Global Nasal Splint Market 2018-2022

  • Published: Sep 2018
  • Pages: 95
  • SKU: IRTNTR23792
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The global nasal splint market is predicted to reach a size of more than USD 3 billion by 2022 with the increasing adoption of nasal splints accustomed by cosmetic advances. Wondering how to make the most of this booming nasal splint industry? Technavio’s extensive industry research report offers a detailed insight that will allow you to take full advantage of the opportunities available to you. This study provides an in-depth analysis of the market by considering the evolving demographics and consumer behavior in the global nasal splint market. It also examines the competitive landscape and some key nasal splint vendors that include Boston Medical Products, Innovia Medical, and Medtronic.

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The global nasal splint market is expected to grow at a CAGR of almost 4% during the forecast period

Nasal splint industry growth is expected to accelerate over the next five years, driven by growing adoption of various types of nasal splints driven by the advances in the cosmetic industry. The Americas will drive around 48% of the growth for the global nasal splint market, while EMEA and APAC are also predicted to contribute significantly to the incremental growth in the forecast period. The use of nasal splint is mainly driven by the increasing number of technological advances which is promoting rhinoplasty procedure across the globe. Also, the growing number of less invasive nasal splints such as removal nasal splint is expected to contribute to the increase in demand for nasal splints over the next five years. Technavio’s nasal splint industry analysis reveals promising markets around the world.

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Intranasal splints dominated the nasal splint market by product type

The intranasal splints are the leading product segment in the nasal splint market with a market share of almost 67% in 2017, followed by extranasal splints product segment. Intranasal splints are likely to remain dominant in the global nasal splint market over the forecast period, although extranasal splints will witness a faster growth over the next five years. In addition, factors such as growing preference for nasal splints after a surgery such as rhinoplasty procedure is expected to boost the demand for nasal splints over the next few years.

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Boston Medical Products, Innovia Medical, and Medtronic are among the leading nasal splint manufacturers

Most of the established manufacturers in the global nasal splint market are focused on developing advanced and more effective ENT devices as cosmetic advanced involved in these devices is boosting the adoption rate. External nasal splints are cosmetically pleasing and easy to apply which is expected to boost the demand for removable nasal splints over the next few years. Many international and regional vendors are vying for their share of the market, and players must differentiate themselves to gain vital traction over their peers.

This report offers a complete analysis of several companies, including:

  • Boston Medical Products
  • Innovia Medical
  • Medtronic
  • Olympus
  • Smith & Nephew

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Table of Contents

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 05: MARKET SIZING

  • Market definition
  • Market sizing 2017
  • Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 07: MARKET SEGMENTATION BY PRODUCT

  • Segmentation by product
  • Comparison by product
  • Intranasal – Market size and forecast 2017-2022
  • Extranasal – Market size and forecast 2017-2022

Market opportunity by product

PART 08: CUSTOMER LANDSCAPE

PART 09: REGIONAL LANDSCAPE

  • Geographical segmentation
  • Regional comparison
  • Americas – Market size and forecast 2017-2022
  • EMEA – Market size and forecast 2017-2022
  • APAC – Market size and forecast 2017-2022
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 12: MARKET TRENDS

  • Increasing adoption of nasal splints accustomed by cosmetic advances
  • Technological advances
  • Usage of bio-degradable materials for the development of nasal splints

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Boston Medical Products
  • Innovia Medical
  • Medtronic
  • Olympus
  • Smith & Nephew

PART 15: APPENDIX

  • List of abbreviations

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.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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