The North America Nasal Splints Market would witness market growth of 4.2% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 14,637.2 thousand units, showcasing a growth of 14.7% (2020-2023).
Septoplasty, a surgical procedure aimed at correcting a deviated septum, drives significant demand within the Market. Following septoplasty, nose splints are commonly employed to support the newly straightened septum and maintain its alignment during the initial healing phase. These splints help prevent the septum from shifting back to its original position. Therefore, septoplasty in the US market registered a volume of 11,409.2 thousand units in 2023.
The US market dominated the North America Nasal Splints Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $541.9 million by 2031. The Canada market is experiencing a CAGR of 6.5% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 5.6% during (2024 - 2031).
By incorporating anatomically contoured shapes and profiles into splint design, manufacturers can ensure better conformity to the natural curvature and geometry of the nasal cavity, optimizing contact with nasal tissues and enhancing stability and support. Anatomically shaped nose splints provide more uniform pressure distribution and promote improved wound healing and tissue regeneration following nasal surgery or trauma.
Nose splints are employed to manage nasal trauma, including nasal fractures, septal hematoma, and nasal soft tissue injuries, to stabilize nasal structures, prevent deformities, and facilitate healing. They are often used in combination with nasal packing or surgical techniques to achieve optimal outcomes in patients with nasal trauma, particularly in cases where surgical interventions are indicated, or nasal fractures require reduction and realignment.
Canada’s publicly funded healthcare system provides universal access to essential medical services, including diagnostic tests, consultations, and surgical procedures, without direct cost to patients at the point of care. According to data provided by the Government of Canada in 2023, to enhance health care services for Canadians, the government announced an investment of $196.1 billion over ten years, including $46.2 billion in new funding, for provinces and territories. Furthermore, an additional $2.5 billion will be allocated over a decade to support indigenous priorities and supplement federal funding, bringing the total allocation to $198.6 billion over the same period. Hence, owing to the rising healthcare sector in North America, there will be increased demand for splints.
Free Valuable Insights: The Nasal Splints Market is Predict to reach USD 2.2 Billion by 2031, at a CAGR of 4.9%
Based on Mechanism, the market is segmented into Intranasal, and External. Based on Application, the market is segmented into Septoplasty, and Rhinoplasty. Based on Type, the market is segmented into Malleable, Airway, and Bivalve. Based on End-user, the market is segmented into Outpatients, and Hospitals. Based on Material Type, the market is segmented into Silicon Splints, Plastic Splints, Metal Splints, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Mechanism (Volume, Thousand Units, USD Billion, 2020-31)
By Application (Volume, Thousand Units, USD Billion, 2020-31)
By Type (Volume, Thousand Units, USD Billion, 2020-31)
By End-user (Volume, Thousand Units, USD Billion, 2020-31)
By Material Type (Volume, Thousand Units, USD Billion, 2020-31)
By Country (Volume, Thousand Units, USD Billion, 2020-31)
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