Airway homeostasis is a crucial procedure controlled by nose. The infection or inflammation of sinuses resulting in the weakness of nasal lateral wall has significant effect on quality of patient’s life. Nasal obstruction or nasal valve collapse is usually caused due to rhinoplasty, aging, congenital abnormalities, and nasal trauma.  It is often untreated or undiagnosed due to lack of treatment awareness. Absorbable nasal implants are available in the form of springs, spacer, sponges/foams, and gels. These are gaining momentum due to complications associated with the removal of non-absorbable implants. Nasal reconstruction surgeries, such as rhinoplasty and septoplasty, result in loss of cartilage and require secondary surgeries to remove the non-absorbable implants. Absorbable nasal implants reduce the need of reconstruction of cartilage pieces and offer a structural support during the surgery healing period. These implants provide immediate scaffold support and have no long-term complications or side effects. 

Technological advancements for the construction of nasal absorbable implants with reduced irritation or side effects is seen as a trend among the major market players. Relief from nasal congestion or stiffness, enhanced ability of respiration due to cleared lateral nasal passage, less trouble in sleeping, increasing adoption for advanced implants by physicians, and increasing patient demand for implant needing no secondary removal surgeries are anticipated to drive the global absorbable nasal implant market. However, stringent regulatory guidelines, subconscious awareness about implant creating discomfort, mild pain or irritation in some cases are expected to restrain the global absorbable nasal implant market.

The global absorbable nasal implant market has been segmented based on device type, material type, and end-user. In terms of product type, the market has been classified into drug eluting implants and non-drug eluting implants. Drug eluting implants are widely used in nasal surgical treatments. Hence, the segment is expected to account for the largest share of the global absorbable nasal implant market during the forecast period. Drug eluting implants are sub-segmented into corticosteroid eluting implants, antibiotics eluting implants, and others. Based on material type, the market has been divided into polymer implant, carboxymethylcellulose (CMC) implant, and others. Polymer implants are made of bio-absorbable polymers such as poly-lactic acid (PLLA). In terms of end-user, the market has been categorized into hospitals, specialty clinics, and ambulatory surgical centers. The hospitals segment is anticipated to hold largest market share due to high patient preference, skilled physician availability, and proper infrastructure.

In terms of region, the global absorbable nasal implant market has been divided into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to expand at a high CAGR owing to factors such as large patient pool, adoption of better health care facilities, and increasing awareness about advanced nasal reconstruction procedure among the end-users. North America is projected to dominate the global absorbable nasal implant market due to substantial investments in research and development for efficient treatment options with reduced side effects or need of secondary surgical procedures.

Absorbable nasal implants offer advantages such as regular mucosal healing with no delayed post-operative cosmetic changes, or adverse reaction. These are often operated with minimally invasive techniques. Increasing efficacy of drug eluting absorbable implants with reduced physiological tissue adverse rejection offers large opportunity in the global absorbable nasal implant market. Major market players are making significant investment in the research in invention of septal reconstruction absorbable implant with reduced follow-up and offering mechanical and aesthetic stability.

Key players in the global absorbable nasal implant market are Spirox, Inc., Intersect ENT, Inc., Mentor Worldwide LLC, Smith & Nephew, Inc., ArthroCare Corporation, Acclarent, Inc., Pfizer, Inc., and Stryker Corporation, among others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Absorbable Nasal Implant Market

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