The Asia Pacific Nasal Packing Devices Market would witness market growth of 6.3% CAGR during the forecast period (2022-2028).
Nasal packing works by applying direct pressure to the nose, reducing mucosal irritation, which reduces bleeding, and forming a clot around the foreign body, which increases pressure. The inner nasal membrane is densely packed with blood vessels that are vulnerable to injury because they are close to the surface. The internal carotid arteries' ethmoid branches, as well as the internal and facial maxillary divisions of the exterior carotid arteries, provide this vascular supply. Epistaxis occurs when the lining of the nasal membrane is disturbed or irritated, resulting in abnormal bleeding.
The nasal packing devices market in the Asia-Pacific is growing because of an aging population and significant technological advancements in the healthcare sector. The number of elderly adults in the Asia Pacific area is expanding at an unprecedented rate, according to the United Nations Population Fund, and the region is at the forefront of the worldwide population aging phenomena. In Asia and the Pacific, one in every four people is predicted to be over 60 years old by 2050. Between 2010 and 2050, the Asia Pacific region's population of elderly individuals (those over 60) will triple, reaching about 1.3 billion people, encouraging the growth of the regional nasal packing device industry.
Moreover, according to the National Library of Medicines, in the last 50 years, India, the world's second-most populous country, has seen a tremendous demographic shift, with nearly a tripling of the population above the age of 60. This trend is estimated to continue. The proportion of Indians aged 60 and more is expected to climb from 7.5% to 11.1% in 2025. Due to the increasing geriatric population along with rapid technological advancements in Asia-Pacific, the regional market is estimated to significantly grow in the region.
The China market dominated the Asia Pacific Nasal Packing Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $18,673.5 Thousands by 2028. The Japan market is estimated to grow at a CAGR of 5.7% during (2022 - 2028). Additionally, The India market would witness a CAGR of 7% during (2022 - 2028).
Based on Product, the market is segmented into Spray, Gel, Injectable, and Dressings. Based on Type, the market is segmented into Non-absorbable and Bio-resorbable. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Nasal Packing Devices Market is Projected to reach USD 240.6 Million by 2028, at a CAGR of 5.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Smith & Nephew PLC, Medtronic PLC, Stryker Corporation, Olympus Corporation, Summit Health, Network Medical Products Ltd., Lohmann & Rauscher GmbH & Co. KG, Meril Life Science Private Limited, First Aid Bandage Company, and Aegis Lifesciences Pvt. Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Product
- Spray
- Gel
- Injectable
- Dressings
By Type
- Non-absorbable
- Bio-resorbable
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Smith & Nephew PLC
- Medtronic PLC
- Stryker Corporation
- Olympus Corporation
- Summit Health
- Network Medical Products Ltd.
- Lohmann & Rauscher GmbH & Co. KG
- Meril Life Science Private Limited
- First Aid Bandage Company
- Aegis Lifesciences Pvt. Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Nasal Packing Devices Market, by Product
1.4.2 Asia Pacific Nasal Packing Devices Market, by Type
1.4.3 Asia Pacific Nasal Packing Devices Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Nasal Packing Devices Market by Product
3.1 Asia Pacific Spray Market by Country
3.2 Asia Pacific Gel Market by Country
3.3 Asia Pacific Injectable Market by Country
3.4 Asia Pacific Dressings Market by Country
Chapter 4. Asia Pacific Nasal Packing Devices Market by Type
4.1 Asia Pacific Non-absorbable Market by Country
4.2 Asia Pacific Bio-resorbable Market by Country
Chapter 5. Asia Pacific Nasal Packing Devices Market by Country
5.1 China Nasal Packing Devices Market
5.1.1 China Nasal Packing Devices Market by Product
5.1.2 China Nasal Packing Devices Market by Type
5.2 Japan Nasal Packing Devices Market
5.2.1 Japan Nasal Packing Devices Market by Product
5.2.2 Japan Nasal Packing Devices Market by Type
5.3 India Nasal Packing Devices Market
5.3.1 India Nasal Packing Devices Market by Product
5.3.2 India Nasal Packing Devices Market by Type
5.4 South Korea Nasal Packing Devices Market
5.4.1 South Korea Nasal Packing Devices Market by Product
5.4.2 South Korea Nasal Packing Devices Market by Type
5.5 Singapore Nasal Packing Devices Market
5.5.1 Singapore Nasal Packing Devices Market by Product
5.5.2 Singapore Nasal Packing Devices Market by Type
5.6 Malaysia Nasal Packing Devices Market
5.6.1 Malaysia Nasal Packing Devices Market by Product
5.6.2 Malaysia Nasal Packing Devices Market by Type
5.7 Rest of Asia Pacific Nasal Packing Devices Market
5.7.1 Rest of Asia Pacific Nasal Packing Devices Market by Product
5.7.2 Rest of Asia Pacific Nasal Packing Devices Market by Type
Chapter 6. Company Profiles
6.1 Smith & Nephew PLC
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expense
6.1.5 Recent strategies and developments:
6.1.5.1 Acquisition and Mergers:
6.2 Medtronic PLC
6.2.1 Company overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expenses
6.2.5 Recent strategies and developments:
6.2.5.1 Acquisitions and Mergers:
6.3 Stryker Corporation
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expense
6.3.5 Recent strategies and developments:
6.3.5.1 Acquisitions and Mergers:
6.4 Olympus Corporation
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research & Development Expense
6.5 Summit Health
6.5.1 Company Overview
6.6 Network Medical Products Ltd.
6.6.1 Company Overview
6.7 Lohmann & Rauscher GmbH & Co. KG
6.7.1 Company Overview
6.8 Meril Life Sciences Private Limited
6.8.1 Company Overview
6.9 First Aid Bandage Company (FABCO®)
6.9.1 Company Overview
6.10. Aegis Lifesciences Pvt. Ltd.
6.10.1 Company Overview
TABLE 1 Asia Pacific Nasal Packing Devices Market, 2018 - 2021, USD Thousands
TABLE 2 Asia Pacific Nasal Packing Devices Market, 2022 - 2028, USD Thousands
TABLE 3 Asia Pacific Nasal Packing Devices Market by Product, 2018 - 2021, USD Thousands
TABLE 4 Asia Pacific Nasal Packing Devices Market by Product, 2022 - 2028, USD Thousands
TABLE 5 Asia Pacific Spray Market by Country, 2018 - 2021, USD Thousands
TABLE 6 Asia Pacific Spray Market by Country, 2022 - 2028, USD Thousands
TABLE 7 Asia Pacific Gel Market by Country, 2018 - 2021, USD Thousands
TABLE 8 Asia Pacific Gel Market by Country, 2022 - 2028, USD Thousands
TABLE 9 Asia Pacific Injectable Market by Country, 2018 - 2021, USD Thousands
TABLE 10 Asia Pacific Injectable Market by Country, 2022 - 2028, USD Thousands
TABLE 11 Asia Pacific Dressings Market by Country, 2018 - 2021, USD Thousands
TABLE 12 Asia Pacific Dressings Market by Country, 2022 - 2028, USD Thousands
TABLE 13 Asia Pacific Nasal Packing Devices Market by Type, 2018 - 2021, USD Thousands
TABLE 14 Asia Pacific Nasal Packing Devices Market by Type, 2022 - 2028, USD Thousands
TABLE 15 Asia Pacific Non-absorbable Market by Country, 2018 - 2021, USD Thousands
TABLE 16 Asia Pacific Non-absorbable Market by Country, 2022 - 2028, USD Thousands
TABLE 17 Asia Pacific Bio-resorbable Market by Country, 2018 - 2021, USD Thousands
TABLE 18 Asia Pacific Bio-resorbable Market by Country, 2022 - 2028, USD Thousands
TABLE 19 Asia Pacific Nasal Packing Devices Market by Country, 2018 - 2021, USD Thousands
TABLE 20 Asia Pacific Nasal Packing Devices Market by Country, 2022 - 2028, USD Thousands
TABLE 21 China Nasal Packing Devices Market, 2018 - 2021, USD Thousands
TABLE 22 China Nasal Packing Devices Market, 2022 - 2028, USD Thousands
TABLE 23 China Nasal Packing Devices Market by Product, 2018 - 2021, USD Thousands
TABLE 24 China Nasal Packing Devices Market by Product, 2022 - 2028, USD Thousands
TABLE 25 China Nasal Packing Devices Market by Type, 2018 - 2021, USD Thousands
TABLE 26 China Nasal Packing Devices Market by Type, 2022 - 2028, USD Thousands
TABLE 27 Japan Nasal Packing Devices Market, 2018 - 2021, USD Thousands
TABLE 28 Japan Nasal Packing Devices Market, 2022 - 2028, USD Thousands
TABLE 29 Japan Nasal Packing Devices Market by Product, 2018 - 2021, USD Thousands
TABLE 30 Japan Nasal Packing Devices Market by Product, 2022 - 2028, USD Thousands
TABLE 31 Japan Nasal Packing Devices Market by Type, 2018 - 2021, USD Thousands
TABLE 32 Japan Nasal Packing Devices Market by Type, 2022 - 2028, USD Thousands
TABLE 33 India Nasal Packing Devices Market, 2018 - 2021, USD Thousands
TABLE 34 India Nasal Packing Devices Market, 2022 - 2028, USD Thousands
TABLE 35 India Nasal Packing Devices Market by Product, 2018 - 2021, USD Thousands
TABLE 36 India Nasal Packing Devices Market by Product, 2022 - 2028, USD Thousands
TABLE 37 India Nasal Packing Devices Market by Type, 2018 - 2021, USD Thousands
TABLE 38 India Nasal Packing Devices Market by Type, 2022 - 2028, USD Thousands
TABLE 39 South Korea Nasal Packing Devices Market, 2018 - 2021, USD Thousands
TABLE 40 South Korea Nasal Packing Devices Market, 2022 - 2028, USD Thousands
TABLE 41 South Korea Nasal Packing Devices Market by Product, 2018 - 2021, USD Thousands
TABLE 42 South Korea Nasal Packing Devices Market by Product, 2022 - 2028, USD Thousands
TABLE 43 South Korea Nasal Packing Devices Market by Type, 2018 - 2021, USD Thousands
TABLE 44 South Korea Nasal Packing Devices Market by Type, 2022 - 2028, USD Thousands
TABLE 45 Singapore Nasal Packing Devices Market, 2018 - 2021, USD Thousands
TABLE 46 Singapore Nasal Packing Devices Market, 2022 - 2028, USD Thousands
TABLE 47 Singapore Nasal Packing Devices Market by Product, 2018 - 2021, USD Thousands
TABLE 48 Singapore Nasal Packing Devices Market by Product, 2022 - 2028, USD Thousands
TABLE 49 Singapore Nasal Packing Devices Market by Type, 2018 - 2021, USD Thousands
TABLE 50 Singapore Nasal Packing Devices Market by Type, 2022 - 2028, USD Thousands
TABLE 51 Malaysia Nasal Packing Devices Market, 2018 - 2021, USD Thousands
TABLE 52 Malaysia Nasal Packing Devices Market, 2022 - 2028, USD Thousands
TABLE 53 Malaysia Nasal Packing Devices Market by Product, 2018 - 2021, USD Thousands
TABLE 54 Malaysia Nasal Packing Devices Market by Product, 2022 - 2028, USD Thousands
TABLE 55 Malaysia Nasal Packing Devices Market by Type, 2018 - 2021, USD Thousands
TABLE 56 Malaysia Nasal Packing Devices Market by Type, 2022 - 2028, USD Thousands
TABLE 57 Rest of Asia Pacific Nasal Packing Devices Market, 2018 - 2021, USD Thousands
TABLE 58 Rest of Asia Pacific Nasal Packing Devices Market, 2022 - 2028, USD Thousands
TABLE 59 Rest of Asia Pacific Nasal Packing Devices Market by Product, 2018 - 2021, USD Thousands
TABLE 60 Rest of Asia Pacific Nasal Packing Devices Market by Product, 2022 - 2028, USD Thousands
TABLE 61 Rest of Asia Pacific Nasal Packing Devices Market by Type, 2018 - 2021, USD Thousands
TABLE 62 Rest of Asia Pacific Nasal Packing Devices Market by Type, 2022 - 2028, USD Thousands
TABLE 63 key Information – Smith & Nephew PLC
TABLE 64 Key Information – Medtronic PLC
TABLE 65 key Information – Stryker Corporation
TABLE 66 key Information – Olympus Corporation
TABLE 67 Key Information – Summit Health
TABLE 68 Key Information – Network Medical Products Ltd.
TABLE 69 Key Information – Lohmann & Rauscher GmbH & Co. KG
TABLE 70 Key Information – Meril Life Sciences Private Limited
TABLE 71 Key Information – First Aid Bandage Company
TABLE 72 Key Information – Aegis Lifesciences Pvt. ltd.
List of Figures
FIG 1 Methodology for the research