Medtronic, Stryker and Smith & Nephew are Dominating the Market for Global Ear and Nasal Packing Market in 2016

Global Ear and Nasal Packing Market is expected to reach USD 257.32 million by 2024 from USD 168.14 million in 2016, at a CAGR of 5.6%. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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The global ear and nasal packing market is highly concentrated to a few big players and rest to local players who cater to domestic markets only. The global ear and nasal packing market is dominated Medtronic, followed by Stryker and Smith & Nephew. Other players in this market include Olympus Corporation, Network Medical Products Ltd., Lohmann & Rauscher GmbH & Co. KG and DCC plc. among others holds 52.0% of the global ear and nasal packing market in 2016.

Medtronic:

Founded in 1949 and headquartered in Minneapolis, U.S. Medtronic is the world’s largest standalone medical technology development and a global healthcare solution company. The company operates in cardiac and vascular group (cardiac rhythm and heart failure, coronary and structural heart, aortic and peripheral vascular), minimally invasive therapies group (surgical solutions and patient monitoring & recovery), restorative therapies (spine, brain therapies, speciality therapies and pain therapies), and diabetes group (intensive insulin management, non- intensive diabetes therapies, Diabetes service and solutions).

The company operates in more than 155 countries worldwide with more than 260 locations in research and development, manufacturing and distribution, and education centers. The company’s regional locations are Asia Pacific, Eastern Europe, Latin America, Middle East and Africa, Central Asia, South Asia, North America, and Western Europe. Some of its subsidiaries include Medtronic Belgium S.A. /N.V. (Belgium), Dantec Elettronica S.r.l. (Rome), Medtronic (Shanghai) Ltd. (China), Medtronic B.V. (Netherlands), Medtronic Xomed Limited (U.K) and many more.

Stryker:

Founded in 1941 and headquartered in Michigan, U.S., Stryker Corporation specializes in reconstructive, medical & surgical, and neurotechnology & spine products. The company has three business segments—orthopedic implants, MedSurg, and neurotechnology and spine. The MedSurg segment focuses on surgical equipment, minimally invasive surgical solutions, sports medicine, and patient handling, and provides medical products for a variety of specialties.

The company is present in the U.S. (including Puerto Rico), Canada, Ireland, Europe (Germany, France, Switzerland, and the U.K.), Japan, and countries in the Pacific and Latin American regions. The company sells its products in over 100 countries through company-owned sales subsidiaries and branches as well as third-party dealers and distributors. The firm has 29 manufacturing and R&D facilities worldwide. It had approximately 26,000 employees in December 2014. 

Smith & Nephew:

Founded in 1856 and headquartered London, UK. Smith & Nephew is the manufacturer of numerous medical devices, personal care products and advanced and latest along with the traditional wound care treatments. The company operates its business across the globe using these nine product categories such as knee implants, sports medicine joint repair, hip implants, arthroscopic enabling technologies, trauma & extremities, other surgical businesses, advanced wound care, advanced wound bioactives, and advanced wound devices. The product offered by the company comes under the trauma and extremities product category.

Smith & Nephew has a presence in more than 100 countries across Africa, Americas, Asia, Australasia, Europe, and Middle East.