Global Nasal Implants
Market - Introduction
Nose is a vital organ, which
plays a significant role in respiration and facial appearance. The prominent
and central position of the nose, makes it susceptible to injuries,
deformities, and fractures. Congenital deformities, septal perforations,
malignant destruction, trauma, nasal valve collapse, inflammation of the
sinuses, nasal airway obstruction, and nasal polyps leading to difficulty in
breathing are major causes for nasal reconstruction, which propels the demand
for nasal implants.
Nasal implants are devices
inserted in the nasal cavity during a nasal reconstruction surgery, which is
used to correct deformities of the nose. Nasal implants are made of different
materials including metal, ceramic, and polymers such as silicone, PTFE, and
polyamides. Patient nasal anatomy, esthetic qualities, pathological defect,
level of injury or deformity, patient perception for adoption of implants are
significant factors considered during nasal reconstruction procedures.
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Global Nasal Implants
Market – Competitive Landscape
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Intersect ENT, Inc.
Founded in 2003, Intersect ENT,
Inc. is a commercial drug delivery company that primarily engages in the
development of innovative and clinically effective medical therapies for
physicians and patients used for the treatment of chronic inflammatory nasal
diseases, including sinusitis and nasal polyps. It has developed a localized
sinus drug delivery technology to transform ENT care. Intersect ENT, Inc.
offers diverse steroid releasing implants including PROPEL family of products,
and SINUVA (mometasone furoate) sinus implant.
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Stryker
Incorporated in 1941, Stryker is
a global medical device company that offers products in orthopedic implants,
trauma, and replacement surgeries; endoscopic and communication systems; emergency medical equipment and intensive care
disposable products; and surgical equipment and surgical navigation systems. The company operates
through three business segments: Orthopedics, MedSurg, and Neurotechnology and
Spine. The company offers a wide range of products for nasal airway
obstruction, chronic sinusitis, and other ENT disorders including nasal
implants, sinus dilation systems, surgical tools & instruments, and nasal
packing and imaging products.
Other prominent players
operating in the global nasal implants market including Implantech, Allergan
plc, and Ethicon USA, LLC. Industry players are focused on strategic mergers
and acquisitions as well as research and development activities to launch
innovative products in the nasal implants market.
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Global Nasal Implants
Market - Dynamics
Increase in prevalence
of nose and sinus disorders, globally, drives market
Rise in prevalence of nose and
sinus diseases such as chronic sinusitis, nasal polyps, and nasal airway
obstruction across the globe is a major factor driving the global nasal
implants market. For instance, According to Center for Disease Prevention and
Control (CDC), in 2017, approximately 30.0 million adults were affected with
chronic rhinosinusitis in the U.S. Deviated septum in chronic rhinosinusitis
patients is a major factor propelling the demand for nasal implants. Moreover,
nasal airway obstruction (NAO) affects 20 million people in the U.S. each year.
All these factors are anticipated to boost the demand for nasal implants in the
near future.
Increase in demand for
cosmetic procedures propels nasal implants market
Deformities, congenital
malformations, injuries, and fractures of the nose are common reasons that
boost the demand for augmentation rhinoplasty procedures. Rise in awareness
about improving facial appearance among patients is expected to further propel
the demand for nasal implants during the forecast period. According to
International Society of Aesthetic Plastic Surgery (ISAPS), 877,254 rhinoplasty
procedures were performed, globally, in 2017. Introduction of novel
bioabsorbable implants is another factor driving the nasal implants market.
However, complications including high risk of infections post-surgery, movement
or dislocation of implant prosthesis, implant protrusion, and nasal height
change are likely to restrain the market during the forecast period.
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North America Dominates
the Nasal Implants Market, While Asia Pacific to Provide Lucrative
Opportunities
North America is anticipated to
account for a major share of the global nasal implants market between 2019 and
2027, owing to an increase in prevalence of chronic rhinosinusitis, nasal
airway obstruction, nasal polyps and high demand for cosmetic procedures to
improve esthetic appearance in the U.S. For instance, according to
International Society of Aesthetic Plastic Surgery (ISAPS), 44,676 rhinoplasty
procedures were performed in the U.S. in 2017. Furthermore, increase in burden
of chronic rhinosinusitis along with wide availability of nasal implants in the
U.S. is expected to propel the market in the region.
The nasal implants market in
Asia Pacific is projected to expand at a rapid pace, owing to a rise in
prevalence of chronic sinusitis as well as increase in the demand for cosmetic
rhinoplasty procedures in developing countries such as India and China.
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