Global Ear and Nasal Packing Market By Type (Nasal (Injectable, Gel, Dressings (Sponges, Splints, Strips)), Ear (Injectable, Gel, Dressings (Sponges, Splints, Strips))), By Material (Bioresorbable (Chitosan, HYAFF, Combination), Non-Absorbable (CMC, Synthetic, Others)), By Distribution Channel (Direct Tender, OTC), By End-User (Hospitals, Clinics, Ambulatory Centers), By Geography (North America, Europe, APAC, South America, Middle East and Africa) – Trends and Forecast to 2024”, is estimated at USD 664.9 million in 2017 and is projected to reach USD 1,051.4 million by 2024, at a CAGR of 5.9% during the forecast period from 2017 to 2024.
Report Access: https://www.databridgemarketresearch.com/reports/global-ear-nasal-packing-market-trends-forecast-2024/
The major driving factor for this market is increasing incidence of ENT surgeries owing to better reimbursement of ENT procedures, better awareness of minimally invasive ENT surgeries and rising geriatric population. Also cosmetic surgeries such as nose reconstruction, septum restructuring among others are growing at an exponential rate in the developed economies especially U.S. and Canada. The other factors driving this market are development of new technologies such as bioresorbable sutures, automatic shaping nasal wicks and antibacterial strips used for drug delivery is expected to create a major surge in this market.
Market Segmentation: Global Ear and Nasal Packing Market
- The Global Ear and Nasal Packing Market is segmented based on type, material, distribution channel, end-user and geography.
- On the basis of type the market is segmented into nasal packing and ear packing. The nasal and ear packing segments is further categorized on the basis of product type into gels, injectable and dressings. The dressings sub segment is further segmented into splints, strips, sponges and others. The market is also segmented on the basis of end user, distribution channel and material such as bioresorbable (chitosan, hyaluronic acid (HYAFF) and combination products) and non-absorbable products.
- On the basis of distribution channel the market is further classified into direct tenders and over the counter products.
- On the basis of end-user the market is segmented into hospitals, clinics, ambulatory centers and others.
Geographical Segmentation: Global Ear and Nasal Packing Market
Based on geography the market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and Middle East and Africa. The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others. U.S. is expected to dominate the market due to rising prevalence of sinusitis, increasing number of cosmetic surgeries and paradigm shift towards value based reimbursements.
Competitive Landscape: Global Ear and Nasal Packing Market
The global ear and nasal packing market is highly fragmented with various companies operating in local regions. The major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Some of the examples for these strategies are In June 2015, Smith and Nephew launched its first bioresorbable intranasal splint NasaStent after acquiring it with ArthroCare in 2014. The report includes company share data for different geographies including Global, North America and Europe.
Some of the major players operating in this market are Medtronic, Stryker, Summit Medical, Smith and Nephew, Entellus Medical, Inc., Olympus Medical, Boston Medical Products, Inc., Lohmann & Rauscher, Network Medical Products, Ltd. and Fannin among others.
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