Enjoy complimentary customisation on priority with our Enterprise License!
The nasal splint market size is forecast to increase by USD 613.4 million at a CAGR of 4.5% between 2023 and 2028.
The nasal splint 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 intranasal segment is estimated to witness significant growth during the forecast period.
The nasal airway market encompasses a range of medical devices designed to address various nasal conditions, including surgical interventions and non-surgical treatments. Regulatory approvals play a significant role in the market, ensuring the safety and efficacy of these devices. ENT specialists, healthcare professionals, and patients alike rely on these medical devices to alleviate nasal obstructions caused by deviated septums, sleep apnea, nasal trauma, and breathing difficulties. Intranasal splints, a key product within the market, offer ease of use and post-operative recovery support following surgical procedures. These splints, often fabricated using biocompatible materials like silicone or plastic, are essential for maintaining the proper alignment of nasal bones and cartilage.
Clinical trials and peer-reviewed publications provide scientific evidence supporting the value proposition of nasal splints. Manufacturing processes ensure quality control, while distribution channels expand accessibility. Insurance coverage and pricing strategies facilitate patient affordability. Product innovation, such as design optimization and patient testimonials, contribute to brand recognition and customer loyalty. Marketing campaigns and awareness campaigns further promote these medical devices to the public. Online retailers and retail stores serve as distribution channels, catering to various customer preferences. Case studies and literature reviews provide valuable insights into the effectiveness and benefits of nasal splints. Competitor analysis and patient satisfaction ensure continuous improvement and innovation within the market.
The Intranasal segment was valued at USD 1455.00 million in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 33% 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.
In the North American market, the US leads with a significant share due to advanced healthcare infrastructure and government initiatives to reduce hospital stays and expenses. This favorable environment fosters the growth of nasal splints, including those for nasal airways and deviated septums, manufactured by prominent players such as Medtronic, Smith & Nephew, and Olympus. The market expansion is primarily driven by the increased sales of diagnostic devices for ENT disorders like sinusitis, rhinitis, otitis media, and tonsillitis, as well as environmental factors contributing to the prevalence of these conditions. Nasal splints offer value to both patients and healthcare professionals through non-surgical treatment options for nasal obstruction and trauma, as well as post-operative recovery from surgical interventions.
Patient education and awareness campaigns are essential for increasing brand recognition and customer loyalty. Peer-reviewed publications and clinical trials provide scientific evidence supporting the effectiveness of nasal splints, while design optimization and material science enhance ease of use and product innovation. Insurance coverage for nasal splints and manufacturing processes ensure affordability and accessibility. Distributors, retail stores, and online retailers facilitate the distribution channels for these medical devices. Patient testimonials and case studies further strengthen the market's value proposition. Competitor analysis and pricing strategies are crucial for maintaining quality control and staying competitive in the market. Overall, the market in North America is experiencing growth due to the increasing prevalence of breathing difficulties and ENT disorders, as well as the continuous innovation in nasal splint technology.
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 nasal splint 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 nasal splint 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, nasal splint market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Anthony Products Inc. - The company specializes in providing innovative nasal splint solutions, including the API Bivalve Nasal Splint and Breeze Nasal Airway Splint.
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 continues to evolve, driven by advancements in medical technology and growing demand for non-surgical treatment options. Regulatory approvals for nasal airway devices have expanded their application across various sectors, including ENT specialists and healthcare professionals. These devices offer ease of use and non-surgical intervention for conditions such as nasal fractures, deviated septum, and breathing difficulties. Manufacturers are focusing on design optimization, peer-reviewed publications, and clinical trials to validate the scientific evidence supporting the use of nasal splints. Quality control measures ensure patient safety and satisfaction, while customer loyalty is fostered through effective marketing campaigns and patient education.
Competitor analysis plays a crucial role in pricing strategies, as online retailers and medical supplies companies vie for market share. Product innovation, such as advanced materials and improved manufacturing processes, is a key differentiator. Insurance coverage for nasal splints is a growing trend, expanding access to these devices for a wider patient base. Patient testimonials and case studies highlight the benefits of nasal splints for post-operative recovery and sleep apnea treatment. Awareness campaigns and brand recognition efforts aim to increase public understanding of the value proposition of nasal splints. The ongoing unfolding of market activities and evolving patterns underscores the dynamic nature of the market.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Nasal Splint Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
136 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Decelerate at a CAGR of 4.5% |
Market growth 2024-2028 |
USD 613.4 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.23 |
Key countries |
US, Germany, Canada, China, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this nasal splint market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 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
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.