Nasal Splints Market Growth & Trends:
The global nasal splints market size is expected to reach USD 2.10 billion by 2030 and is projected to grow at a CAGR of 4.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is anticipated to grow significantly due to increased rhinoplasty surgeries, a growing number of accidents, and nose deformities. Nasal splints are used post-surgery to protect the nose in the healing process and maintain the given shape.
In addition, incidents of road accidents can result in injuries to the head and neck, leading to facial trauma that may also affect the nose. Furthermore, the growing number of sports injuries is playing a significant role in boosting the market demand for nasal splints. According to the Medscape article published in November 2021, around 11 to 40% of sports injuries involve face and nose fractures and is one of the most common facial traumas in sports injuries. These accidents generally require surgeries, post which nasal splints are used to help the nose heal and retain its shape. As a result, the increasing incidence of road and sports accidents is a major factor driving the market growth.
The increasing popularity of rhinoplasty, particularly among men, is a substantial driver for the global market. According to the 2022 ASPS Procedural Statistics Release, in the U.S., the prevalence of rhinoplasty in men has increased by 6% in 2022 as compared to 2019. It is one of the top five cosmetic procedures preferred by men. Furthermore, according to the Patient Claim Lime.com survey insights published in August 2022, in the UK 22% of male respondents would prefer a facial cosmetic surgery, comparatively only 19% of female respondents would choose to get a facial cosmetic surgery. In addition, 26% of the respondents would consider getting nose surgery. Hence, the increasing popularity of cosmetic facial surgery is expected to boost the market growth..
Nasal Splints Market Report Highlights:
- Based on type, the malleable nasal splints segment led the market with the largest revenue share of 37.4% in 2023, owing to the septal support it provides
- Based on material type, the silicone splints segment led the market with the largest revenue share of 47.0% in 2023, owing to the properties, such as stable nature in high temperature, and resistance against thermal and chemical degradation
- Based on application, the septoplasty segment held the market with the largest revenue share of 61.4% in 2023, due to increasing prevalence of deviated septum
- Based on mechanism, the internal segment led the market with the largest revenue share of 50.7% in 2023, due to its increased use in cosmetic nasal surgeries
- Based on end-user, the outpatient facilities segment led the market with the largest revenue share of 53.9% in 2023. The growth is attributed to diagnosis, less cost, treatment, and procedures in low costs
- North America dominated the market with the revenue share of 35.2% in 2023, due to the rising cosmetic surgeries expenditure, advanced healthcare infrastructure, and increased prevalence of nose deformities
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Type
- 1.1.2. Material Type
- 1.1.3. Application
- 1.1.4. Mechanism
- 1.1.5. End User
- 1.1.6. Regional scope
- 1.1.7. Estimates and forecast timeline.
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database.
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.4.1. Data analysis models
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.6.1. Commodity flow analysis (Model 1)
- 1.6.2. Approach 1: Commodity flow approach
- 1.6.3. Volume price analysis (Model 2)
- 1.6.4. Approach 2: Volume price analysis
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Material Type
- 2.2.2. Application
- 2.2.3. Mechanism
- 2.2.4. End User
- 2.2.5. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Nasal Splints Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook.
- 3.2. Market Dynamics
- 3.2.1. Market driver analysis
- 3.2.1.1. Increasing prevalence of rhinoplasty
- 3.2.1.2. Growing number of accidents
- 3.2.2. Market restraint analysis
- 3.2.2.1. Less technological innovation
- 3.3. Nasal Splints Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Supplier power
- 3.3.1.2. Buyer power
- 3.3.1.3. Substitution threat
- 3.3.1.4. Threat of new entrant
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Technological landscape
- 3.3.2.3. Economic landscape
Chapter 4. Nasal Splints Market: Type Estimates & Trend Analysis
- 4.1. Type Market Share, 2023 & 2030
- 4.2. Segment Dashboard
- 4.3. Global Nasal Splints Market by Type Outlook
- 4.4. Malleable Nasal Splints
- 4.4.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 4.5. Airway Nasal Splints
- 4.5.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 4.6. Bivalve Nasal Splints
- 4.6.1. Market estimates and forecast 2018 to 2030 (USD Million)
Chapter 5. Nasal Splints Market: Material Type Estimates & Trend Analysis
- 5.1. Material Type Market Share, 2023 & 2030
- 5.2. Segment Dashboard
- 5.3. Global Nasal Splints Market by Material Type Outlook
- 5.4. Plastic Splints
- 5.4.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 5.5. Metal Splints
- 5.5.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 5.6. Silicon Splints
- 5.6.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 5.7. Bioabsorbable Splints
- 5.7.1. Market estimates and forecast 2018 to 2030 (USD Million)
Chapter 6. Nasal Splints Market: Application Estimates & Trend Analysis
- 6.1. Applications Market Share, 2023 & 2030
- 6.2. Segment Dashboard
- 6.3. Global Nasal Splints Market by Applications Outlook
- 6.4. Rhinoplasty
- 6.4.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 6.5. Septoplasty
- 6.5.1. Market estimates and forecast 2018 to 2030 (USD Million)
Chapter 7. Nasal Splints Market: Mechanism Estimates & Trend Analysis
- 7.1. Mechanism Market Share, 2023 & 2030
- 7.2. Segment Dashboard
- 7.3. Global Nasal Splints Market by Mechanism Outlook
- 7.4. Intranasal
- 7.4.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 7.5. External
- 7.5.1. Market estimates and forecast 2018 to 2030 (USD Million)
Chapter 8. Nasal Splints Market: End Use Estimates & Trend Analysis
- 8.1. End Use Market Share, 2023 & 2030
- 8.2. Segment Dashboard
- 8.3. Global Nasal Splints Market by Mechanism Outlook
- 8.4. Hospitals
- 8.4.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 8.5. Outpatients
- 8.5.1. Market estimates and forecast 2018 to 2030 (USD Million)
Chapter 9. Nasal Splints Market: Regional Estimates & Trend Analysis, By Type, By Material Type, By Application, By Mechanism, By End User
- 9.1. Regional Market Share Analysis, 2023 & 2030
- 9.2. Regional Market Dashboard
- 9.3. Global Regional Market Snapshot
- 9.4. Market Size, & Forecasts Trend Analysis, 2018 to 2030:
- 9.5. North America
- 9.5.1. U.S.
- 9.5.1.1. Key country dynamics
- 9.5.1.2. Regulatory framework/ reimbursement structure
- 9.5.1.3. Competitive scenario
- 9.5.1.4. U.S. market estimates and forecasts 2018 to 2030 (USD Million)
- 9.5.2. Canada
- 9.5.2.1. Key country dynamics
- 9.5.2.2. Regulatory framework/ reimbursement structure
- 9.5.2.3. Competitive scenario
- 9.5.2.4. Canada market estimates and forecasts 2018 to 2030 (USD Million)
- 9.6. Europe
- 9.6.1. UK
- 9.6.1.1. Key country dynamics
- 9.6.1.2. Regulatory framework/ reimbursement structure
- 9.6.1.3. Competitive scenario
- 9.6.1.4. UK market estimates and forecasts 2018 to 2030 (USD Million)
- 9.6.2. Germany
- 9.6.2.1. Key country dynamics
- 9.6.2.2. Regulatory framework/ reimbursement structure
- 9.6.2.3. Competitive scenario
- 9.6.2.4. Germany market estimates and forecasts 2018 to 2030 (USD Million)
- 9.6.3. France
- 9.6.3.1. Key country dynamics
- 9.6.3.2. Regulatory framework/ reimbursement structure
- 9.6.3.3. Competitive scenario
- 9.6.3.4. France market estimates and forecasts 2018 to 2030 (USD Million)
- 9.6.4. Italy
- 9.6.4.1. Key country dynamics
- 9.6.4.2. Regulatory framework/ reimbursement structure
- 9.6.4.3. Competitive scenario
- 9.6.4.4. Italy market estimates and forecasts 2018 to 2030 (USD Million)
- 9.6.5. Spain
- 9.6.5.1. Key country dynamics
- 9.6.5.2. Regulatory framework/ reimbursement structure
- 9.6.5.3. Competitive scenario
- 9.6.5.4. Spain market estimates and forecasts 2018 to 2030 (USD Million)
- 9.6.6. Norway
- 9.6.6.1. Key country dynamics
- 9.6.6.2. Regulatory framework/ reimbursement structure
- 9.6.6.3. Competitive scenario
- 9.6.6.4. Norway market estimates and forecasts 2018 to 2030 (USD Million)
- 9.6.7. Sweden
- 9.6.7.1. Key country dynamics
- 9.6.7.2. Regulatory framework/ reimbursement structure
- 9.6.7.3. Competitive scenario
- 9.6.7.4. Sweden market estimates and forecasts 2018 to 2030 (USD Million)
- 9.6.8. Denmark
- 9.6.8.1. Key country dynamics
- 9.6.8.2. Regulatory framework/ reimbursement structure
- 9.6.8.3. Competitive scenario
- 9.6.8.4. Denmark market estimates and forecasts 2018 to 2030 (USD Million)
- 9.7. Asia Pacific
- 9.7.1. Japan
- 9.7.1.1. Key country dynamics
- 9.7.1.2. Regulatory framework/ reimbursement structure
- 9.7.1.3. Competitive scenario
- 9.7.1.4. Japan market estimates and forecasts 2018 to 2030 (USD Million)
- 9.7.2. China
- 9.7.2.1. Key country dynamics
- 9.7.2.2. Regulatory framework/ reimbursement structure
- 9.7.2.3. Competitive scenario
- 9.7.2.4. China market estimates and forecasts 2018 to 2030 (USD Million)
- 9.7.3. India
- 9.7.3.1. Key country dynamics
- 9.7.3.2. Regulatory framework/ reimbursement structure
- 9.7.3.3. Competitive scenario
- 9.7.3.4. India market estimates and forecasts 2018 to 2030 (USD Million)
- 9.7.4. Australia
- 9.7.4.1. Key country dynamics
- 9.7.4.2. Regulatory framework/ reimbursement structure
- 9.7.4.3. Competitive scenario
- 9.7.4.4. Australia market estimates and forecasts 2018 to 2030 (USD Million)
- 9.7.5. South Korea
- 9.7.5.1. Key country dynamics
- 9.7.5.2. Regulatory framework/ reimbursement structure
- 9.7.5.3. Competitive scenario
- 9.7.5.4. South Korea market estimates and forecasts 2018 to 2030 (USD Million)
- 9.8. Latin America
- 9.8.1. Brazil
- 9.8.1.1. Key country dynamics
- 9.8.1.2. Regulatory framework/ reimbursement structure
- 9.8.1.3. Competitive scenario
- 9.8.1.4. Brazil market estimates and forecasts 2018 to 2030 (USD Million)
- 9.8.2. Mexico
- 9.8.2.1. Key country dynamics
- 9.8.2.2. Regulatory framework/ reimbursement structure
- 9.8.2.3. Competitive scenario
- 9.8.2.4. Mexico market estimates and forecasts 2018 to 2030 (USD Million)
- 9.8.3. Argentina
- 9.8.3.1. Key country dynamics
- 9.8.3.2. Regulatory framework/ reimbursement structure
- 9.8.3.3. Competitive scenario
- 9.8.3.4. Argentina market estimates and forecasts 2018 to 2030 (USD Million)
- 9.9. MEA
- 9.9.1. South Africa
- 9.9.1.1. Key country dynamics
- 9.9.1.2. Regulatory framework/ reimbursement structure
- 9.9.1.3. Competitive scenario
- 9.9.1.4. South Africa market estimates and forecasts 2018 to 2030 (USD Million)
- 9.9.2. Saudi Arabia
- 9.9.2.1. Key country dynamics
- 9.9.2.2. Regulatory framework/ reimbursement structure
- 9.9.2.3. Competitive scenario
- 9.9.2.4. Saudi Arabia market estimates and forecasts 2018 to 2030 (USD Million)
- 9.9.3. UAE
- 9.9.3.1. Key country dynamics
- 9.9.3.2. Regulatory framework/ reimbursement structure
- 9.9.3.3. Competitive scenario
- 9.9.3.4. UAE market estimates and forecasts 2018 to 2030 (USD Million)
- 9.9.4. Kuwait
- 9.9.4.1. Key country dynamics
- 9.9.4.2. Regulatory framework/ reimbursement structure
- 9.9.4.3. Competitive scenario
- 9.9.4.4. Kuwait market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 10. Competitive Landscape
- 10.1. Recent Developments & Impact Analysis, By Key Market Participants
- 10.2. Company/Competition Categorization
- 10.3. List of Players
- 10.3.1. Olympus Corporation
- 10.3.1.1. Company overview
- 10.3.1.2. Financial performance
- 10.3.1.3. Product benchmarking
- 10.3.1.4. Strategic initiatives
- 10.3.2. Medtronic
- 10.3.2.1. Company overview
- 10.3.2.2. Financial performance
- 10.3.2.3. Product benchmarking
- 10.3.2.4. Strategic initiatives
- 10.3.3. Smith & Nephew
- 10.3.3.1. Company overview
- 10.3.3.2. Financial performance
- 10.3.3.3. Product benchmarking
- 10.3.3.4. Strategic initiatives
- 10.3.4. Boston Medical Products Inc
- 10.3.4.1. Company overview
- 10.3.4.2. Financial performance
- 10.3.4.3. Product benchmarking
- 10.3.4.4. Strategic initiatives
- 10.3.5. Surgiform Innovative Surgical Products
- 10.3.5.1. Company overview
- 10.3.5.2. Financial performance
- 10.3.5.3. Product benchmarking
- 10.3.5.4. Strategic initiatives
- 10.3.6. Anthony Products Inc.
- 10.3.6.1. Company overview
- 10.3.6.2. Financial performance
- 10.3.6.3. Product benchmarking
- 10.3.6.4. Strategic initiatives
- 10.3.7. Audio Technologies SRL
- 10.3.7.1. Company overview
- 10.3.7.2. Financial performance
- 10.3.7.3. Product benchmarking
- 10.3.7.4. Strategic initiatives
- 10.3.8. Teleflex Inc.
- 10.3.8.1. Company overview
- 10.3.8.2. Financial performance
- 10.3.8.3. Product benchmarking
- 10.3.8.4. Strategic initiatives
- 10.3.9. E. Benson Hood Laboratories, Inc.
- 10.3.9.1. Company overview
- 10.3.9.2. Financial performance
- 10.3.9.3. Product benchmarking
- 10.3.9.4. Strategic initiatives
- 10.3.10. ENTPROMED Healthcare Products Inc.
- 10.3.10.1. Company overview
- 10.3.10.2. Financial performance
- 10.3.10.3. Product benchmarking
- 10.3.10.4. Strategic initiatives