Harrisburg, NC -- (SBWIRE) -- 10/21/2020 -- The Global Nasal Splints Market Research Report 2020-2030 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
The global nasal splints market was valued at about $1.4 billion in 2018 and is expected to grow to $1.46 billion at a CAGR of 1.1% through 2022.
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Top Companies in the Global Nasal Splints Market: Boston Medical Products, Inc., Innovia Medical, LLC Medtronic plc, Olympus Corporation and Smith & Nephew. and Other
Markets Covered: 1)By Type: Malleable Nasal Splints, Airway Nasal Splints, Bivalve Nasal Splints, 2) By End User: Hospitals & Clinics, Homecare, Research Centers, Others 3) By Application: Plastic Surgery, Rhinological operations, ENT-Surgery, Others 4) By Route of Administration: Intranasal Segment, Extranasal Segment
The nasal splints market has been geographically segmented into North America, Western Europe, APAC, Eastern Europe, South America and Middle East & Africa. The North American market is the largest market for Nasal Splints and is expected to continue to do so during the forecast period.
Rhinoplasty is one of the most commonly performed reconstructive cosmetic surgery across the globe and around 954,423 rhinoplasty operations performed throughout the world in 2016. 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 use of nasal splints for post-operative care, the market for nasal splints is forecasted to grow.
The nasal splints market was limited by shortage of skilled surgeons and other professionals in most developed and developing countries. Equipment fabrication and integration require specialized skillsets relating to nasal surgeries, and electronics and software. According to a survey conducted by International Society of Aesthetic Plastic Surgery (ISAPS), in the Middle Eastern countries such as Iran, there were only 238 surgeons to perform 37,423 nose jobs in 2016. The specialized skillsets relating to nasal surgeries are available to a limited number of organizations, most of which are located in the USA and Europe. This shortage of skilled surgeons and other professional is a significant deterrent to the growth of the market.
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