LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global nasal splint market to grow at a CAGR of close to 4% during the forecast period, according to their latest market research report.
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.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
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.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
