Global Absorbable Nasal Implant Devices Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028
"Global Absorbable Nasal Implant Devices Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global absorbable nasal implant devices market report has been segmented on the basis of product type, material type, end user, and region
Global Absorbable Nasal Implant Devices Market
The absorbable nasal implant is a device that is used to support upper and lower lateral cartilage in the nose that helps the patient suffering from nasal airway obstruction symptoms breath properly.
Global Absorbable Nasal Implant Devices Market: Dynamics
Increasing prevalence’s of chronic diseases across the globe and rising number of cases in hospitals related to nasal congestion or stuffiness and nasal blockage or obstruction is resulting in increasing adoption of absorbable nasal implant devices which is a major factor expected to drive growth of the global market.
In addition, rising geriatric population suffering problems pertaining to trouble sleeping and breathing through the nose and high efficiency of drug emulating absorbable nasal implant with no or minimal side-effect post-surgery is resulting in higher adoption are among other factors expected to further boost growth of the target market to a certain extent. According to the United Nations, there were approximately 962 Mn people 60 years old and above globally in 2017, comprising 13% of the global population. This number is projected to increase to 1.4 Bn by 2030, and 2.1 Bn by 2050.
Well-developed healthcare infrastructure and favorable reimbursement policies in developed and developing are supporting the adoption of nasal implant devices which is expected to support the market growth.
However, stringent government regulations related to product approval is a major factor expected to hamper growth of the global market. In addition, lack of infrastructure and government regulation in developing countries is obstructing people from the adoption of the absorbable nasal implant devices is another factor expected to challenge growth of the target market to a certain extent.
Increasing investment for R&D activities by major players and expansion activities toward the untapped market in developing countries are expected to create new revenue opportunities for players operating in the target market over the forecast period. In addition, developing healthcare infrastructural and changing guidelines related to the use of medical devices are attracting major manufactures which are expected to further support growth of the target market to a certain extent.
Global Absorbable Nasal Implant Devices Market: Region
The markets in North America and Europe are expected to contribute significant revenue shares in the global market. This can be attributed to rising patient pool suffering from nasal associated problems, well-developed healthcare infrastructure facilitating the adoption of medical devices, and the presence of major players operating in the countries in this region. In addition, growing merger and acquisition activities between regional and international players is expected to further support the growth of the target market in this region.
The market in Asia Pacific is expected to witness faster growth, owing to increasing government spending on healthcare sector and the presence of prominent players operating in emerging economies in this region.
Global Absorbable Nasal Implant Devices Market Segmentation
Segmentation by product type
- Drug Eluting Absorbable Nasal Implant Devices
- Non-Drug Eluting Nasal Implants Devices
Segmentation by material type
- Carboxy Methyl Cellulose (CMC)
Segmentation by end user
- Ambulatory Surgical Centers
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Spirox, Inc.
- Intersect ENT, Inc.
- Mentor Worldwide LLC
- Smith & Nephew, Inc.
- ArthroCare Corporation
- Acclarent, Inc.
- Pfizer, Inc.
- Stryker Corporation
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