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Nasal Splints are the fastest growing segment fueling the growth of Nasal Splints Market

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naufan003
Nasal Splints are the fastest growing segment fueling the growth of Nasal Splints Market

Market Overview:

 Nasal splints are medical devices used to stabilize and support the nasal structure after surgery or trauma. They help reduce pain and swelling and protect the nasal structure during the healing process. Common types of nasal splints used include balloon splints, sheet splints, tubes, and stents.

The Nasal Splints market is estimated to be valued at US$ 138.4 Mn in 2023 and is expected to exhibit a CAGR of 9.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends in the Nasal Splints Market is the increasing adoption of bioabsorbable nasal splints. Bioabsorbable nasal splints are made from materials like collagen that get absorbed by the body after healing. They do not require removal and thus reduce postoperative patient discomfort. They are gaining popularity due to benefits like reduced scarring or splint-related infections. Manufacturers are focusing on developing advanced bioabsorbable splints with enhanced absorption rates to further increase their adoption.

Segment Analysis

The global nasal splints market is segmented based on product, material, and end user. Based on product, the market is segmented into external and internal nasal splints. The external nasal splints segment dominated the market in 2022 due to external nasal splints provide a protective overlay or splint, which is easy and less complicated to use.

Key Takeaways

The Global Nasal Splints Market Size is expected to witness high growth, exhibiting CAGR of 9.0% over the forecast period, due to increasing number of nasal surgeries and sports injuries.

Regional analysis: Regionally, North America held the largest share of the nasal splints market in 2022 and is expected to grow at a significant rate during the forecast period. This is attributed to rise in awareness about nasal procedures, developed healthcare infrastructure, and presence of key players in countries of the region.

Key players: Key players operating in the nasal splints market are Olympus Corporation, Medtronic, Stryker, Smith & Nephew., Summit Medical, Surgiform, Mentor Worldwide LLC (Johnson & Johnson), Intersect ENT, Inc., Cook Medical, Network Medical Products Ltd.


Get more insights on this topic:

https://www.dailyprbulletin.com/nasal-splints-market-size-trends/

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