Global Nasal Implants Market - Introduction

Nose is a vital organ, which plays a significant role in respiration and facial appearance. The prominent and central position of the nose, makes it susceptible to injuries, deformities, and fractures. Congenital deformities, septal perforations, malignant destruction, trauma, nasal valve collapse, inflammation of the sinuses, nasal airway obstruction, and nasal polyps leading to difficulty in breathing are major causes for nasal reconstruction, which propels the demand for nasal implants.

Nasal implants are devices inserted in the nasal cavity during a nasal reconstruction surgery, which is used to correct deformities of the nose. Nasal implants are made of different materials including metal, ceramic, and polymers such as silicone, PTFE, and polyamides. Patient nasal anatomy, esthetic qualities, pathological defect, level of injury or deformity, patient perception for adoption of implants are significant factors considered during nasal reconstruction procedures.

Global Nasal Implants Market – Competitive Landscape

  • In April 2018, Intersect ENT, Inc. announced the launch of SINUVA (mometasone furoate) Sinus Implant in the U.S. It is a mometasone furoate steroid eluting sinus implant used in the treatment of adults with recurrent nasal polyps.
  • In June 2016, Stryker received 510(k) approval by the U.S. Food and Drug Administration (FDA) for its LATERA absorbable nasal implant. This is anticipated to expand the company’s product portfolio and increase customer base.

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Intersect ENT, Inc.

Founded in 2003, Intersect ENT, Inc. is a commercial drug delivery company that primarily engages in the development of innovative and clinically effective medical therapies for physicians and patients used for the treatment of chronic inflammatory nasal diseases, including sinusitis and nasal polyps. It has developed a localized sinus drug delivery technology to transform ENT care. Intersect ENT, Inc. offers diverse steroid releasing implants including PROPEL family of products, and SINUVA (mometasone furoate) sinus implant.

Stryker

Incorporated in 1941, Stryker is a global medical device company that offers products in orthopedic implants, trauma, and replacement surgeries; endoscopic and communication systems; emergency medical equipment and intensive care disposable products; and surgical equipment and surgical navigation systems. The company operates through three business segments: Orthopedics, MedSurg, and Neurotechnology and Spine. The company offers a wide range of products for nasal airway obstruction, chronic sinusitis, and other ENT disorders including nasal implants, sinus dilation systems, surgical tools & instruments, and nasal packing and imaging products.

Other prominent players operating in the global nasal implants market including Implantech, Allergan plc, and Ethicon USA, LLC. Industry players are focused on strategic mergers and acquisitions as well as research and development activities to launch innovative products in the nasal implants market.

Global Nasal Implants Market - Dynamics

Increase in prevalence of nose and sinus disorders, globally, drives market

Rise in prevalence of nose and sinus diseases such as chronic sinusitis, nasal polyps, and nasal airway obstruction across the globe is a major factor driving the global nasal implants market. For instance, According to Center for Disease Prevention and Control (CDC), in 2017, approximately 30.0 million adults were affected with chronic rhinosinusitis in the U.S. Deviated septum in chronic rhinosinusitis patients is a major factor propelling the demand for nasal implants. Moreover, nasal airway obstruction (NAO) affects 20 million people in the U.S. each year. All these factors are anticipated to boost the demand for nasal implants in the near future.

Increase in demand for cosmetic procedures propels nasal implants market

Deformities, congenital malformations, injuries, and fractures of the nose are common reasons that boost the demand for augmentation rhinoplasty procedures. Rise in awareness about improving facial appearance among patients is expected to further propel the demand for nasal implants during the forecast period. According to International Society of Aesthetic Plastic Surgery (ISAPS), 877,254 rhinoplasty procedures were performed, globally, in 2017. Introduction of novel bioabsorbable implants is another factor driving the nasal implants market. However, complications including high risk of infections post-surgery, movement or dislocation of implant prosthesis, implant protrusion, and nasal height change are likely to restrain the market during the forecast period.

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North America Dominates the Nasal Implants Market, While Asia Pacific to Provide Lucrative Opportunities

North America is anticipated to account for a major share of the global nasal implants market between 2019 and 2027, owing to an increase in prevalence of chronic rhinosinusitis, nasal airway obstruction, nasal polyps and high demand for cosmetic procedures to improve esthetic appearance in the U.S. For instance, according to International Society of Aesthetic Plastic Surgery (ISAPS), 44,676 rhinoplasty procedures were performed in the U.S. in 2017. Furthermore, increase in burden of chronic rhinosinusitis along with wide availability of nasal implants in the U.S. is expected to propel the market in the region.

The nasal implants market in Asia Pacific is projected to expand at a rapid pace, owing to a rise in prevalence of chronic sinusitis as well as increase in the demand for cosmetic rhinoplasty procedures in developing countries such as India and China.

Global Nasal Implants Market – Segmentation

The global nasal implants market can be segmented based on:

  • Source of Origin
  • Type
  • End-user
  • Region

Global Nasal Implants Market Segmentation – By Source of Origin

Based on source of origin, the global nasal implants market can be categorized into:

  • Allografts
  • Autografts
  • Alloplast

Global Nasal Implants Market Segmentation – By Type

In terms of type, the global nasal implants market can be classified as:

  • Silicone implants
  • Porous polymer implants
  • Metal Implants
  • Meshed Implants
  • Gore-tex Implants

Global Nasal Implants Market Segmentation – By End-user

Based on end-user, the global nasal implants market can be divided into:

  • Hospitals
  • Specialty Clinics
  • Ambulatory Surgical Centers (ASCs)

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.

2. Insights and Tools

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.

3. Actionable Results

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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