The current value of the global nasal splint market is pegged at around US$ 2.7 billion and probably witnesses a steady expansion of 3% over the upcoming five years. The market is expected to register a value of US$ 3.1 billion by the end of 2027. Conversely, the growth expectation of external nasal splints is similarly pegged over the same period of 2022-2027. Nasal splints have different types, from malleable nasal splints constructed to have flexibility and to mold to a patient's anatomy of the nose; airway nasal splints used to keep septal healing and reduce bleeding after surgery; to bivalve nasal splints constructed to hold septal compression and to prevent adhesions in the nose, a person who has undergone septoplasty.

The market for nasal splints is a key segment of the medical devices industry, serving postoperative treatment for patients undergoing nasal surgeries. These devices help in retaining the shape of the nasal cavity, reducing bleeding, and, at the same time, decreasing swelling during the healing process. Nasal splints come into application in different types of surgical procedures like rhinoplasty, septoplasty, and nasal fracture repairs. It will have internal and external splints consisting of silicone, aluminum, and thermoplastic. The surge of nasal conditions around the world and the emergence of new nasal surgeries have made the nasal splint experience gradual growth in demand.

Market Drivers

The key drivers of the growth of the nasal splint market include several factors. Nasal splints demand has been growing due to technological developments in rhinoplasty procedures around the globe. In addition, increasing demand for reconstructive nose surgery can be credited for these products' demand across the globe. Another factor boosting the market is the increasing proliferation of less invasive options, like removable nose splints.

List of Key Companies Profiled in The Report

Boston Medical Products
Innovia Medical, LLC
Medtronic
Olympus Corporation
Smith & Nephew
Network Medical Products
Summit Medical Group
Surgiform Technologies LLC
Mentor Worldwide LLC
DTR Medical
Others
 
Sales Analysis
 
Nasal splints, although worn for the intended long-term impact, cause breathing discomfort in the short term. They are essential as they prevent any surgical is including bleeding and inflammation in the nostrils. The market can experience a boom as more and more rhinoplasty surgeries are bound to increase, and alongside this demand for reconstructive surgery.
 
Recent Development

Several developments of great note are developing in the nasal splints market. With the use of advanced technology, more and more effective and comfortable nasal splints are developed, resulting in better patient outcomes that increase demand. Biodegradable and customizable splints enhance patient compliance and outcomes. In addition, the increasing usage of nasal splints for newer indications other than classic nasal surgeries, such as for the treatment of sleep disorders and other respiratory conditions, has been opening up new avenues of growth. The increasing aesthetic surgeries and medical tourism are also fueling the demand for nasal splints. Another factor likely to drive the market is the increasing awareness of the availability and benefits of nasal splints and the improved healthcare infrastructure and accessibility. The nasal splints market is expected to expand healthily over the forecast period, driven by innovation and an expanding application area, with robust growth rates recorded in the years.

Competitive Landscape

The nasal splints market is highly competitive as a couple of large companies hold a vast share of the market. The demand for nasal splints is increasing and this leads to demand in the emerging and developed economies.

Industry players, in a move to enhance market share, are using an increasing number of independent distributors. This has brought a radical shift in the number of distributors and suppliers, leading to a situation where companies now use dozens of distributors and suppliers in emerging markets.

The most recent, distinctive development is the opening of Innovia Medical's new website, featuring over 550 items and the whole assortment in the ENT area, which is bound to now boost sales of nasal splints and contribute sumptuously toward higher market revenue.