Home Medical Devices Nasal Packing Devices Market Size, Growth to [2030]

Nasal Packing Devices Market

Nasal Packing Devices Market Size, Share & Trends Analysis Report By Product (Injectable, Gel, Spray, Dressings), By Type (Bio-resorbable, Non-absorbable) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2022-2030

Report Code: SRMD2276DR
Study Period 2018-2030 CAGR 5.2%
Historical Period 2018-2020 Forecast Period 2022-2030
Base Year 2021 Base Year Market Size USD 173.97 Million
Forecast Year 2030 Forecast Year Market Size USD 274.55 Million
Largest Market North America Fastest Growing Market Asia Pacific
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Market Overview

The global nasal packing devices market size was valued at USD 173.97 million in 2021. It is projected to reach USD 274.55 million by 2030, growing at a CAGR of 5.2% during the forecast period (2022–2030).

Temporary or permanent nasal packing is required if the otorhinolaryngologist is unable to determine the source of the bleeding and there is no access to specialized equipment or endoscopic management expertise or if the patient cannot tolerate extensive bedside nasal manipulation. In a population-based epidemiologic study of U.S. emergency departments, risk factors linked to the initial use of nasal packing for epistaxis include:

  • Lower socioeconomic status
  • Location in the South or Midwest
  • Status in a non-trauma hospital
  • Long-term anticoagulation
  • Male gender
  • Older age
  • The winter seasons

Epistaxis is one of the most prevalent clinical diseases that result in bleeding from the nostrils. The rising epistaxis is the crucial factor driving the nasal packing devices market.

Market Dynamics

Market Driving Factors

Rising Number of Senior Citizens

Intranasal devices positioned to apply constant local pressure on the nasal septum are known as nasal packing devices and can be placed within the nose. Epistaxis is the result of a combination of several factors that either cause damage to the mucosal lining of the nose, affect the blood vessel walls, or impair the blood's ability to clot. After cauterization has been tried and found to be ineffective, nasal packing is used to treat epistaxis. The incidence of nosebleeds is highest among children between the ages of 2 and 10, adults, and elders between the ages of 50 and 80, according to a nosebleed study conducted in the United States.

Rising Incidence of Epistaxis

The increasing prevalence of epistaxis is a significant factor propelling growth in the nasal packing devices market. Epistaxis, one of the most prevalent clinical diseases, can result in bleeding from the nostrils due to hypertension. Nosebleeds are caused by increased blood circulation caused by the circulatory system expansion during pregnancy. As a result, the market's growth is driven by an increase in the number of pregnant women suffering from hypertension. In addition, the growing incidence of nasal malignancies is driving the growth of this market.

Market Restraining Factors

Issues Caused by Nasal Packing

Nasal packing device sales are hindered by its complications, such as those related to mucosal lacerations, which can exacerbate bleeding, lead to viral complications, and toxic shock syndrome (TSS). The industry's growth is anticipated to be constrained by the high costs associated with ENT surgical procedures. Additionally, a lack of qualified specialists is anticipated in the ear and nasal packing market, which is a source of competition.

Key Market Opportunities

Highly Modernized Technologies

Some of the market's most cutting-edge traits and trends are currently propelling its overall expansion. The most critical industry participants and leading manufacturers invest heavily in research and development. The market's growth is frequently accelerated by crucial factors, including niche market penetrations, vendor landscapes, marketing slants, licensing tactics, relative market share, pinpoint analysis, visual analytics, etc. Market leaders are also constantly searching for cutting-edge technology that could significantly accelerate their future commercial growth. The market is propelled forward by an increasing number of product launches and a persistent focus on technological advancements.

Regional Analysis

The global nasal packing devices market is segmented into four regions, namely North America, Europe, Asia-Pacific, and LAMEA.

North America is the most significant shareholder in the global nasal packing devices market due to the increased utilization of nasal packing devices to treat an ever-increasing number of epistaxis patients and the growing number of market competitors in the region. An increase in COVID-19 cases contributes to the growth in demand for nasal packing devices. Asia-Pacific will experience a favorable growth rate in the market during the forecast period. This development may be attributable to several factors, including an increase in the number of manufacturers of nasal packing devices, a high level of unmet demands, a flourishing economy, and an overall improvement in healthcare infrastructure, particularly in developing nations such as China and India

Report Scope

Report Metric Details
Segmentations
By Product
  1. Injectable
  2. Gel
  3. Spray
  4. Dressings
By Type
  1. Bio-resorbable
  2. Non-absorbable
Company Profiles Summit Health Smith & Nephew Stryker Corporation Medtronic plc. Network medical products ltd. Lohmann & Rauscher Meril Life Sciences Pvt Ltd. FABCO Aegis Lifesciences Summit Medical Group Lohmann & Rauscher GmbH & Co.KG Olympus Corporation Entellus Medical Inc. Network Medical Products Ltd
Geographies Covered
North America U.S. Canada
Europe U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europe
APAC China Korea Japan India Australia Taiwan South East Asia Rest of Asia-Pacific
Middle East and Africa UAE Turkey Saudi Arabia South Africa Egypt Nigeria Rest of MEA
LATAM Brazil Mexico Argentina Chile Colombia Rest of LATAM
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
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Segmental Analysis

The global nasal packing devices market is segmented by product and type.

On the Basis of Product

Based on product, the market is divided into injectable, gel, spray, and dressings.

The spray category dominates the global nasal packing devices market. This new treatment involves spraying cotton balls directly into the nasal cavity to pack the nasal passages. There are two sorts of nasal sprays: saline and decongestant. Gel packaging is anticipated to experience the highest growth rate during the forecast period. The market is expected to grow because of recent developments and the effectiveness of gel production, which is expected to help with hemostasis and high patient comfort. Gel and dressings are the most prevalent and effective treatments for nosebleeds. MeroGel by Medtronic is one of the market's most popular nasal dressings.

On the Basis of Type

Based on type, the market is divided into bio-resorbable and non-absorbable.

The non-absorbable sector is dominant in the global nasal packing devices market. In addition to being more well-known and preferred by doctors, non-absorbable nasal packing devices are significantly less expensive than bioresorbable nasal packing devices. It is anticipated that the bioresorbable sector will experience the highest growth rate during the forecast period due to the rapid technological advancements and the rising number of new brands being introduced to the market. Patients benefit greatly from bioresorbable nasal packing devices because the procedure causes less discomfort and offers more significant benefits.

Market Size By Product

Market Size By Product
  • Injectable
  • Gel
  • Spray
  • Dressings
  • Recent Developments

    • June 2022- Smith+Nephew opens a world-class manufacturing facility in Malaysia to support its orthopedics business.
    • June 2022- Smith+Nephew shares new research that estimates 3.5 billion hours of nurse time could be released by 2030 through shared wound care and the use of long-wear advanced foam dressings.
    • June 2022- Summit Health Opens New Primary and Specialty Care Location in Valley Stream.
    • May 2022- Stryker Launches EasyFuse Dynamic Compression System for High-Demand Foot and Ankle Applications.

    Top Key Players

    Nasal Packing Devices Market Share of Key Players

    Nasal Packing Devices Market Share of Key Players
    Summit Health Smith & Nephew Stryker Corporation Medtronic plc. Network medical products ltd. Lohmann & Rauscher Meril Life Sciences Pvt Ltd. FABCO Aegis Lifesciences Summit Medical Group Lohmann & Rauscher GmbH & Co.KG Olympus Corporation Entellus Medical Inc. Network Medical Products Ltd Others

    Frequently Asked Questions (FAQs)

    What is the growth rate for the Nasal Packing Devices Market?
    Nasal Packing Devices Market size will grow at approx. CAGR of 5.2% during the forecast period.
    Some of the top industry players in Nasal Packing Devices Market are, Summit Health, Smith & Nephew, Stryker Corporation, Medtronic plc., Network medical products ltd., Lohmann & Rauscher, Meril Life Sciences Pvt Ltd., FABCO, Aegis Lifesciences, Summit Medical Group, Lohmann & Rauscher GmbH & Co.KG, Olympus Corporation, Entellus Medical Inc., Network Medical Products Ltd, etc.
    North America has held a dominant position in the Nasal Packing Devices Market, with the largest market share.
    The Asia Pacific region has experienced the highest growth rate in the Nasal Packing Devices Market.
    The global Nasal Packing Devices Market report is segmented as follows: By Product, By Type


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