PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1392032
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1392032
Global nasal splints market size is estimated to be valued at US$ 2.79 Bn in 2023 and is expected to reach US$ 3.45 Bn by 2030, exhibited a compound annual growth rate (CAGR) of 3.1% from 2023 to 2030.
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 2.79 Bn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 3.10% | 2030 Value Projection: | US$ 3.45 Bn |
Nasal splints are medical devices that are used internally in the nasal cavity after nasal bone fractures or nose surgeries. They help support the internal nasal framework and stabilize the nasal bones and cartilage which have been fractured, set or augmented during surgery. Nasal splints are usually made of plastic or silicone and are designed to be soft, flexible and comfortable for patients. They maintain the internal nasal structure in its corrected position to ensure proper healing. Nasal splints are a crucial part of post-operative care for many nasal procedures to minimize risks of complications and promote recovery.
The increasing number of rhinoplasty procedures, septoplasty surgeries, and nasal trauma cases is boosting the demand for nasal splints. Furthermore, growing awareness about cosmetic and functional nasal enhancements is also contributing to market growth of the global nasal splints market. The development of innovative nasal splints with improved materials and designs is driving the market growth. These technologically advanced splints offer better patient comfort, enhanced effectiveness, and shorter recovery times, thereby leading to increased adoption among healthcare professionals. Rising incidence of nasal conditions such as nasal obstruction, deviated septum, and nasal polyps is fueling the demand for nasal splints. These conditions often require surgical intervention, which in turn, creates a need for supportive devices like nasal splints. Despite the positive market outlook, a few factors may the restrain market growth. These include the high cost of nasal splints, limited awareness among patients and healthcare professionals, and the potential risks associated with their usage.
However, with increasing investments in research and development (R&D) activities, along with strategic collaborations and partnerships, these challenges are expected to be addressed, thus opening up new opportunities for market players.