Global Nasal Implant market is majorly pushed by increasing geriatric population and development of biodegradable techniques according to our research report “Global Nasal Implant Market Outlook 2023”.
Regionally, the nasal implant market is segmented into North America, Europe, Asia-Pacific and Rest of World (ROW). Among these, North America is anticipated to witness a significant growth and occupy the largest share of the nasal implant market by 2023.
Global nasal implant market is valued at USD 698.7 million in 2015; the market is further anticipated to expand with a compound annual growth rate of 6% over the forecast period i.e. 2016-2023. Owing to high adoption and diagnosis rate, North America dominated the global nasal implant market.
Western Europe is anticipated to be the second most attractive market in terms of revenue share owing to the rising cosmetic requirements and increasing geriatric population in the region. Asia Pacific and Middle East and Africa market is estimated to hold upper hand in terms of compound annual growth rate. This is likely due to increasing expenditure on healthcare sector and developing healthcare infrastructure in the region.
Increasing Geriatric Population: Major Uplift
According to WHO the geriatric population is expected to expand up to 17% by 2050. 4.3% of the adulthood population is suffering from the problem of obstructive sleep apnea; increasing pool patients suffering from heavy snoring and sleep apnea will further increase the demand for titanium nasal implant this will further expand the demand of nasal implant across the globe.
Development of Biodegradable Techniques: Momentum
Introduction of grafting and implanting material along with the development of biodegradable techniques has led to significant rise in the number of patients adopting drug -remitting nasal implants. Other factors boosting the revenue of the market includes rising incidence of nasal tumors and esthetical rehabilitations which is expected to be the major reason behind the increasing demand of maxillofacial nasal surgeries and nasal implants over the forecast period.
The report titled “Global Nasal Implant Market Outlook 2023” delivers detailed overview of the nasal implant market in terms of market segmentation by regions, by material, by end user.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of nasal implant industry which includes company profiling of Allergan, Plc, Stryker Corporation, Johnson & Johnson, Implantech., TMJ Concepts. 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 on 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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