Nasal Implant Market report which delivers detailed overview of the global nasal implant market in terms of market segmentation by material, end-user, and by region. Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global nasal implant market is estimated to garner notable CAGR over the forecast period, i.e., 2022 – 2031. The market is segmented by end-user into hospitals, ambulatory surgical centers, and clinics. Out of which, the hospital sub-segment is expected to hold the maximum share in the market during the forecast period on the back of a plethora of patients getting admitted to the hospitals seeking treatment, along with the increasing number of patients with sinus.
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The global nasal implant market is estimated to witness remarkable growth on the back of an increasing number of patients with sleep apnea and sinus. A report published by World Allergy Organization states that the prevalence of chronic rhino sinusitis is about 8.4% in Korea, 8% in China, 12% in the USA, and 11% in Europe. On the back of surging cases of chronic rhino sinusitis, the global nasal implant market is estimated to witness to grow significantly during the forecast period. Furthermore, the increasing demand for cosmetic procedures is also projected to propel the global nasal implant market growth during the forecast period.
Regionally, the global nasal implant market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in North America region is expected to witness modest growth over the forecast period on the back of the presence of ultra-modern healthcare infrastructure. Furthermore, the data released by the Centers for Disease Control and Prevention states that 28.9 million adults are diagnosed with sinusitis. Moreover, the Asia Pacific region is also expected to offer good opportunities for the growth of the global nasal implant market during the forecast period on the back of rising awareness amongst the people.
Major players include in the global Nasal Implant Market:
- AbbVie Inc.
- Sientra, Inc.
- Stryker Corporation
- Gebruder Martin GmbH & Co. KG
- Johnson & Johnson Services, Inc.
- Implantech Associates, Inc.,
- Zimmer Biomet Holdings, Inc.
- Intersect ENT Inc.
- Eon Meditech Private Limited
- Navdurga Surgical India Private Limite
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Rising Cases of Sleep Apnea to Boost the Market Growth
It is estimated that there are more than 101 million people are suffering from sleep apnea.
Sleep apnea patients are increasing widely due to the rise in the number of people with high blood pressure, obesity, diabetes, and hormonal disorders. On account of the rising cases of sleep apnea, the global nasal implant market is estimated to grow during the forecast period.
However, the high cost of the procedures is expected to operate as a key restraint to the growth of the global nasal implant market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global nasal implant market which includes company profiling of AbbVie Inc., Sientra, Inc., Stryker Corporation, Gebruder Martin GmbH & Co. KG, Johnson & Johnson Services, Inc., Implantech Associates, Inc., Zimmer Biomet Holdings, Inc., Intersect ENT Inc., Eon Meditech Private Limited, and Navdurga Surgical India Private Limited. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global nasal implant market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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