Nasal Packaging Devices Market Size, Share, Opportunities, And Trends By Product (Injectable, Gel, Spray, Dressings), By Type (Bio-Resorbable, Non-Absorbable), By End-User (Hospitals, Clinics, Others), And By Geography - Forecasts From 2024 To 2029
- Published : May 2024
- Report Code : KSI061616031
- Pages : 142
The nasal packaging devices market is expected to grow at a CAGR of 4.97% from US$178.456 million in 2022 to US$250.677 million in 2029.
Nasal packaging devices are medical instruments outlined to give support, control bleeding, and avoid adhesions (tissue staying together) within the nasal depth after different procedures. These gadgets are frequently utilized in past nasal surgeries, such as septoplasty, rhinoplasty, or sinus surgery, where the nasal tissues can be sensitive and inclined to bleeding.
The rising predominance of nasal issues coupled with expanding mindfulness and more surgeries are major development drivers of nasal packaging devices globally. Moreover, the rapidly growing elderly population along with the technological developments in packaging is further contemplated to accelerate the market expansion.
MARKET DRIVERS:
- Rising Incidence of Nasal Conditions
As the predominance of nasal conditions such as chronic sinusitis, deviated septum, and nasal injury proceeds to rise, the requirement for nasal packaging gadgets to oversee these conditions post-surgery or as a segment of treatment plans increases.
For example, sinusitis influences around 30 million people in the United States alone each year. It has a financial impact of billions of dollars and millions of days of missed work time as per the Sinus & Allergy Wellness Centre. Besides, sinusitis accounts for generally 73 million restricted work days each year. Around 70 to 80 percent of people show a recognizable deviation of the nasal septum as per data from Mayo Clinic.
- Growing Number of Surgical Procedures
The number of nasal surgeries, including rhinoplasty, septoplasty, and sinus surgeries, is on the rise globally. These procedures often require nasal packaging devices to control bleeding, promote healing, and ensure optimal surgical outcomes.
For instance, the otolaryngology Department of the University of Michigan Health performs nearly 500 nasal surgical interventions and around 16 million patients visit in a year. Additionally, around 700 functional endoscopic sinus surgery procedures are done at UT Southwestern each year as per the statement of M.D. Professor of Otolaryngology.
- Advancements in Packaging Technology
Innovative technological developments have driven the improvement of more viable and patient-friendly nasal packaging gadgets. These headways incorporate the utilization of biocompatible materials, progressed plans, and less obtrusive addition methods.
The utilize of biocompatible materials, such as medical-grade silicone, hydrogels, and absorbable polymers, in nasal packaging devices minimizes tissue aggravation, diminishes the hazard of allergic reactions, and advances way better healing. Progressions in 3D printing innovation permit for the creation of personalized nasal packaging devices custom-fitted to patients' nasal anatomy specifically. This accelerates much better, improved and progressed post-operative results.
Also, a few nasal packaging gadgets consolidate drug-eluting capabilities, discharging medicines or therapeutic agents specifically into the nasal depression to improve healing, decrease irritation, and avoid disease.
- Aging Population
The increasing elderly population is more inclined to nasal and sinus-related issues. As the worldwide population proceeds to age, the requirement for nasal surgeries and related devices is likely to extend subsequently fortifying the nasal packaging devices industry. Individuals encountering geriatric rhinitis might encounter signs like blocked or congested nasal entries, excessive nasal discharge, itching inside the nose, excessive sneezing, and dryness or the formation of thick mucus in interior nasal passages.
For illustration, the number of people over 60 years of age around the world will boost from 12% within the year 2015 to 22% by the year 2050 as per information by WHO.
- Increasing Awareness and Education
As awareness among patients and healthcare professionals about the benefits of proper post-operative care increases, the nasal packaging devices market is likely to grow. Several initiatives are being undertaken in this aim.
For instance, in March 2021, a Henry Ford physician launched a worldwide study effort to increase interdisciplinary collaboration between otolaryngologists and dental professionals throughout the world for detecting odontogenic sinusitis (ODS). In addition, every year, the American Academy of Otolaryngology-Head and Neck Surgery (AAO-HNS) supports the acknowledgement of World Sinus Health Awareness Day in order to make people mindful of it.
In 2022, this sponsorship was accomplished in association with the American Rhinologic Society and in collaboration with the corporate accomplice Medtronic.
MARKET RESTRAINTS:
The nasal packaging devices market has experienced growth and development however some restraints or challenges can impact its expansion. For example, developing and manufacturing advanced nasal packaging devices with cutting-edge materials and technologies can lead to higher production costs.
These costs can subsequently impact pricing and accessibility for patients and healthcare providers. The use of disposable nasal packaging devices can contribute to medical waste. As sustainability development gets to be a more critical concern, there may be weight pressure to create environmentally friendly packaging arrangements.
North America is Anticipated to Develop Significantly
North America is expected to hold a significant share of the nasal packaging devices market during the forecast period.
The factors attributed to such a share are the growing use of nasal packing devices to treat a rising number of epistaxis patients due to the rising nose and sinus disorders, as well as an increase in the number of market players in the region. For instance, chronic sinusitis affects nearly 31 million people in the US according to the University of Michigan Health.
Major Market Players
- Anthony Products is a company that specializes in manufacturing and supplying medical devices, instruments, and equipment for a wider range of medical fields including otolaryngology. It deals in nasal drip pads, 30-second rhino rocket nasal packs, and more.
- Innovia Medical, founded in 1978 is a surgical specialty company in various fields such as aesthetics, ear, nose, and throat, among others. AbsorbENT® Anatomical Nasal Packs are offered by the company for epistaxis management. It uses three-dimensional linked open cells that are soft and malleable.
- Nipro, established in 1954 is a Japanese medical equipment manufacturing company. The Exadose™ Nasal Spray offered by the company has a novel two-step quantitative delivery method. The unique plunger design guarantees that half a dosage is administered precisely in each nasal cavity.
Key Market Developments
- July 2023- the FDA approved RiVive™ Over-the-Counter Nasal Spray developed by Harm Reduction Therapeutics for the emergency treatment of opioid overdose.
- November 2022- Aptar Pharma, a prominent player in the field of drug delivery and active material science solutions, has revealed a partnership with TFF Pharmaceuticals, Inc., a biopharmaceutical company in the clinical stage dedicated to the creation and distribution of innovative drug products utilizing its patented Thin Film Freezing technology platform. The collaboration is centred on the advancement and evaluation of dry powder vaccine administration utilizing TFF Pharmaceutical's Thin Film Freezing innovation combined with Aptar Pharma's elite intranasal Unidose (UDS) Powder Nasal Spray Framework.
Nasal Packaging Devices Market Scope:
Report Metric | Details |
Market Size Value in 2022 | US$178.456 million |
Market Size Value in 2029 | US$250.677 million |
Growth Rate | CAGR of 4.97% |
Study Period | 2019 to 2029 |
Historical Data | 2019 to 2022 |
Base Year | 2023 |
Forecast Period | 2024 – 2029 |
Forecast Unit (Value) | USD Million |
Segments Covered |
|
Companies Covered |
|
Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Customization Scope | Free report customization with purchase |
Market Segmentation:
Nasal Packaging Devices Market is segmented and analyzed as below:
- By Product
- Injectable
- Gel
- Spray
- Dressings
- By Type
- Bio-Resorbable
- Non-Absorbable
- By End-User
- Hospitals
- Clinics
- Others
- By Geography
- North America
- United States
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- Japan
- China
- India
- South Korea
- Indonesia
- Thailand
- Others
- North America
Frequently Asked Questions (FAQs)
Nasal Packaging Devices Market was valued at US$178.456 million in 2022.
The nasal packaging devices market is expected to reach a market size of US$250.677 million by 2029.
The global nasal packaging devices market is expected to grow at a CAGR of 4.97% during the forecast period.
North America is expected to hold a significant share of the nasal packaging devices market.
The rising prevalence of nasal problems coupled with increasing awareness and more surgeries are major growth drivers of the nasal packaging devices market.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key Benefits to the Stakeholder
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Processes
3. EXECUTIVE SUMMARY
3.1. Key Findings
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. NASAL PACKAGING DEVICES MARKET BY PRODUCT
5.1. Introduction
5.2. Injectable
5.2.1. Market Opportunities and Trends
5.2.2. Growth Prospects
5.2.3. Geographic Lucrativeness
5.3. Gel
5.3.1. Market Opportunities and Trends
5.3.2. Growth Prospects
5.3.3. Geographic Lucrativeness
5.4. Spray
5.4.1. Market Opportunities and Trends
5.4.2. Growth Prospects
5.4.3. Geographic Lucrativeness
5.5. Dressings
5.5.1. Market Opportunities and Trends
5.5.2. Growth Prospects
5.5.3. Geographic Lucrativeness
6. NASAL PACKAGING DEVICES MARKET BY TYPE
6.1. Introduction
6.2. Bio-Resorbable
6.2.1. Market Opportunities and Trends
6.2.2. Growth Prospects
6.2.3. Geographic Lucrativeness
6.3. Non-Absorbable
6.3.1. Market Opportunities and Trends
6.3.2. Growth Prospects
6.3.3. Geographic Lucrativeness
7. NASAL PACKAGING DEVICES MARKET BY END-USER
7.1. Introduction
7.2. Hospital
7.2.1. Market Opportunities and Trends
7.2.2. Growth Prospects
7.2.3. Geographic Lucrativeness
7.3. Clinics
7.3.1. Market Opportunities and Trends
7.3.2. Growth Prospects
7.3.3. Geographic Lucrativeness
7.4. Others
7.4.1. Market Opportunities and Trends
7.4.2. Growth Prospects
7.4.3. Geographic Lucrativeness
8. NASAL PACKAGING DEVICES MARKET BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. By Product
8.2.2. By Type
8.2.3. By End-User
8.2.4. By Country
8.2.4.1. United States
8.2.4.1.1. Market Opportunities and Trends
8.2.4.1.2. Growth Prospects
8.2.4.2. Canada
8.2.4.2.1. Market Opportunities and Trends
8.2.4.2.2. Growth Prospects
8.2.4.3. Mexico
8.2.4.3.1. Market Opportunities and Trends
8.2.4.3.2. Growth Prospects
8.3. South America
8.3.1. By Product
8.3.2. By Type
8.3.3. By End-User
8.3.4. By Country
8.3.4.1. Brazil
8.3.4.1.1. Market Opportunities and Trends
8.3.4.1.2. Growth Prospects
8.3.4.2. Argentina
8.3.4.2.1. Market Opportunities and Trends
8.3.4.2.2. Growth Prospects
8.3.4.3. Others
8.3.4.3.1. Market Opportunities and Trends
8.3.4.3.2. Growth Prospects
8.4. Europe
8.4.1. By Product
8.4.2. By Type
8.4.3. By End-User
8.4.4. By Country
8.4.4.1. United Kingdom
8.4.4.1.1. Market Opportunities and Trends
8.4.4.1.2. Growth Prospects
8.4.4.2. Germany
8.4.4.2.1. Market Opportunities and Trends
8.4.4.2.2. Growth Prospects
8.4.4.3. France
8.4.4.3.1. Market Opportunities and Trends
8.4.4.3.2. Growth Prospects
8.4.4.4. Spain
8.4.4.4.1. Market Opportunities and Trends
8.4.4.4.2. Growth Prospects
8.4.4.5. Others
8.4.4.5.1. Market Opportunities and Trends
8.4.4.5.2. Growth Prospects
8.5. Middle East and Africa
8.5.1. By Product
8.5.2. By Type
8.5.3. By End-User
8.5.4. By Country
8.5.4.1. Saudi Arabia
8.5.4.1.1. Market Opportunities and Trends
8.5.4.1.2. Growth Prospects
8.5.4.2. UAE
8.5.4.2.1. Market Opportunities and Trends
8.5.4.2.2. Growth Prospects
8.5.4.3. Israel
8.5.4.3.1. Market Opportunities and Trends
8.5.4.3.2. Growth Prospects
8.5.4.4. Others
8.5.4.4.1. Market Opportunities and Trends
8.5.4.4.2. Growth Prospects
8.6. Asia Pacific
8.6.1. By Product
8.6.2. By Type
8.6.3. By End-User
8.6.4. By Country
8.6.4.1. Japan
8.6.4.1.1. Market Opportunities and Trends
8.6.4.1.2. Growth Prospects
8.6.4.2. China
8.6.4.2.1. Market Opportunities and Trends
8.6.4.2.2. Growth Prospects
8.6.4.3. India
8.6.4.3.1. Market Opportunities and Trends
8.6.4.3.2. Growth Prospects
8.6.4.4. South Korea
8.6.4.4.1. Market Opportunities and Trends
8.6.4.4.2. Growth Prospects
8.6.4.5. Indonesia
8.6.4.5.1. Market Opportunities and Trends
8.6.4.5.2. Growth Prospects
8.6.4.6. Thailand
8.6.4.6.1. Market Opportunities and Trends
8.6.4.6.2. Growth Prospects
8.6.4.7. Others
8.6.4.7.1. Market Opportunities and Trends
8.6.4.7.2. Growth Prospects
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Competitive Dashboard
10. COMPANY PROFILES
10.1. Meril Life
10.2. Anthony Products
10.3. Medtronic
10.4. Entsho
10.5. Innovia Medical
10.6. Cenefom
10.7. Nipro
10.8. Lohmann & Rauscher
10.9. Medline
Meril Life
Anthony Products
Medtronic
Entsho
Innovia Medical
Cenefom
Nipro
Medline
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