Global Nasal Splint Market 2018-2022 | Adoption of Nasal Splints Accustomed by Cosmetic Advances to Boost Demand | Technavio
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Technavio analysts forecast the global nasal splint market to grow at a CAGR of close to 4% by 2022. (Graphic: Business Wire)
The increasing adoption of nasal splints accustomed by cosmetic advances is one of the major trends being witnessed in the global nasal splint market 2018-2022. ENT devices are becoming more advanced and are getting evolved effectively. For instance, people who underwent rhinoplasty surgery might get affected with its after-effects such as a change in the shape of the nose due to the movement of bones and tissues inside the nose. These problems are solved with the use of external nasal splints.
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According to Technavio analysts, one of the key factors contributing to the growth of the global nasal splint market is the growing demand for minimally invasive procedures:
Global nasal splint market: Growing demand for minimally invasive procedures
Surgeries are becoming a prominent treatment for various disorders. Invasive surgeries are painful and often have critical impacts on the patient. Owing to the growing technological advances, minimally invasive surgeries came into existence.
According to a senior analyst at Technavio for research on orthopedics and medical devices, “People are shifting towards minimally invasive surgeries owing to their advantages such as less pain, less recovery time and minimal scars. The approaches such as rhinoplasty and septoplasty used for the treatment of nasal deformities also witnessed such technological advances.”
Global nasal splint market: Segmentation analysis
The global nasal splint market research report provides market segmentation by product (intranasal and extranasal) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the two major products, intranasal and extranasal, the intranasal segment held the largest market share in 2017, contributing to close to 67% of the market. This product segment will continue to dominate the global market throughout the forecast period.
The Americas held the largest share of the market in 2017, accounting for close to 46% share, followed by EMEA and APAC respectively. The region is expected to continue to dominate the market during the forecast period.
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Source: Technavio Research