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Nasal Implant Market : Global Demand, Growth Analysis & Opportunity Outlook 2023

Published On : 04:52 AM, 23rd April, 2018 REP-ID-211 Category: Healthcare

Global Nasal Implant Market Overview

Nasal Implant is a surgical activity to correct the deformities and plane of projection of nose by nasal bridge or        filling in concave deformities which are often found in asymmetrical, injured, or misshapen noses. Several factors are considered to achieve successful patient satisfaction which includes deep analysis of individual nasal condition along with the suitable combination of material and required techniques. These factors are strictly based on specific objectives to attain proper appearance of the nose. In nasal reconstruction, careful decisions are made on choosing the types of material used to substitute for support. Implants are classified on the basis of their origin.

                           Nasal Implant Market Demand & Opportunity

Market Size & Forecast

Global nasal implant market was 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.

North America dominated the global nasal implant market owing to high adoption and diagnosis rate, the region is anticipated to maintain its dominance over the forecast period. 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.

Autografts are harvested from the same patient, homografts derive from a donor within the same species, xenografts originate from another species, and alloplasts are manufactured from synthetic or semisynthetic materials. There are numerous reasons associated with nasal implant such as changes in the appearance of nose, nasal obstruction caused by an incompetent nasal valve and lot more. Since, nose is critically involved in the perception of beauty of face both privately and publicly the patient pool for nasal implant is increasing at a rapid pace. Development of sterile techniques coupled with the availability of ever-evolving implant material, has provided the nasal surgeon with a wide range of choices when nasal implantation is indicated.

Demand Analysis By Market Segmentation

By Material

  • Synthetic
    • Metal(Titanium)
    • Ceramics
    • Polymers(silicon, polyethylene, PTFE, polyamides and polyesters)
  • Biological
    • Autograft
    • Xenographt
    • Allograft
    • Alloplast

By End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics

By Region

Global Nasal Implant Market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa

Growth Drivers and Challenges

Growing geriatric population coupled with rising number of patients seeking relief from heavy snoring and sleep apnea is positively driving the nasal implant market. 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 of titanium nasal implant this will further expand the demand of nasal implant across the globe.

Other factors boosting the revenue of the market includes rising incidence of nasal tumours, 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. 

Owing to the development of biodegradable techniques and drug -remitting nasal implants ( introduction of grafting and implanting material) there is a significant rise in the number of patients adopting biodegradable techniques for nasal implant which will further boost the market growth over the forecast period.

In case of infections caused during nasal implant surgery, antibiotics intake is of no use the only way to cure the infection is to implant out the support material which could lead to another surgery, this restrict the consumers to adopt such medical practices and further restrict the growth of nasal implant market

Key Players

  • Allergan, Plc
  • Sientra, Inc
  • Stryker Corporation
  • KLS Martin L.P
  • Medartis AG
  • Johnson & Johnson
  • Implantech
  • TMJ Concepts
  • Nagor

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

  • By Material Market Size & Y-O-Y Growth Analysis
  • By End User Market Size & Y-O-Y Growth Analysis

By Regions

Global Nasal Implant Market has been studied on countries and regions like:

  • North America (U.S., Canada) Market Size & Y-O-Y Growth Analysis
  • Latin America (Mexico, Brazil, Rest of Latin America) Market Size & Y-O-Y Growth Analysis
  • Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size & Y-O-Y Growth Analysis
  • Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia) Market Size & Y-O-Y Growth Analysis
  • Middle East and North Africa (MENA) Market Size & Y-O-Y Growth Analysis
  • Rest of World  Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

                   Key Answers Captured in Report?

Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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