PUBLISHER: Grand View Research | PRODUCT CODE: 1474851
PUBLISHER: Grand View Research | PRODUCT CODE: 1474851
The global nasal splints market size is expected to reach USD 2.10 billion by 2030 and is projected to grow at a CAGR of 4.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is anticipated to grow significantly due to increased rhinoplasty surgeries, a growing number of accidents, and nose deformities. Nasal splints are used post-surgery to protect the nose in the healing process and maintain the given shape.
In addition, incidents of road accidents can result in injuries to the head and neck, leading to facial trauma that may also affect the nose. Furthermore, the growing number of sports injuries is playing a significant role in boosting the market demand for nasal splints. According to the Medscape article published in November 2021, around 11 to 40% of sports injuries involve face and nose fractures and is one of the most common facial traumas in sports injuries. These accidents generally require surgeries, post which nasal splints are used to help the nose heal and retain its shape. As a result, the increasing incidence of road and sports accidents is a major factor driving the market growth.
The increasing popularity of rhinoplasty, particularly among men, is a substantial driver for the global market. According to the 2022 ASPS Procedural Statistics Release, in the U.S., the prevalence of rhinoplasty in men has increased by 6% in 2022 as compared to 2019. It is one of the top five cosmetic procedures preferred by men. Furthermore, according to the Patient Claim Lime.com survey insights published in August 2022, in the UK 22% of male respondents would prefer a facial cosmetic surgery, comparatively only 19% of female respondents would choose to get a facial cosmetic surgery. In addition, 26% of the respondents would consider getting nose surgery. Hence, the increasing popularity of cosmetic facial surgery is expected to boost the market growth..