Nasal splints market is anticipated to grow at a moderate CAGR of 4.5% during the forecast period (2024-2031).Nasal splints are medical devices used to support and stabilize the nasal septum or nasal airway during healing after surgical procedures or to treat nasal conditions.

Market Dynamics

Rising Facial Reshaping Procedures

The global nasal splint market is thriving due to the surge in rhinoplasty and reconstructive nasal surgeries. Rhinoplasty, or nose reshaping, is becoming more popular for both aesthetic improvement and addressing breathing issues.For instance, Plastic surgeons saw an 11.2% overall increase in procedures performed in 2022, totalling over 14.9 million surgical and 18.8 million non-surgical procedures worldwide. Additionally, a continuous upward trend in aesthetic surgery, with a significant 41.3% increase observed over the past four years. Reconstructive surgery is also witnessing a rise as people seek to repair injuries. Importantly, both procedures rely on nasal splints to stabilize and support the reshaped or repaired nose during healing. This growing need for nasal splints in postoperative care is a key driver propelling the market forward.

Rising Incidence of Nasal Injuries

An additional factor contributing to the growth of the nasal splint market is the observed increase in nasal injuries.  Data suggests a rise in the incidence of nasal fractures and trauma sustained due to accidents, sporting activities, and even acts of violence. For instance, in the US in 2021 witnessed a rise in mortalities related to motor vehicles, with a notable 11% increase following an 8.3% upsurge in 2020. Medically consulted injuries in motor-vehicle incidents totaled 5.4 million in 2021, and total motor-vehicle injury costs were estimated at $498.3 billion..In such instances, nasal splints play a critical role in the treatment plan.  They function by providing essential stabilization to fractured bones, thereby promoting proper alignment and facilitating optimal healing.  The absence of such support can lead to a compromised healing process, potentially resulting in functional complications or undesirable cosmetic outcomes.

Market Segmentation

Our in-depth analysis of global nasal splints includes the following segments by type, material type, application, mechanism, and end-user:

• Based ontype, the market is sub-segmented into malleable nasal splints, airway nasal splints, and bivalve nasal splints.

• Based on material type, the market is bifurcated into plastic splints, metal splints, silicon splints, and bioabsorbable splints.

• Based on application, the market is split into rhinoplasty and septoplasty.

• Based on mechanism, the market is divided into intranasal and external nasal.

• Based on end-user,the market is augmented intohospitals and outpatients.

Growth Factors Driving the Silicon Splints Segment in the Global Nasal Splint Market

The silicon splints segment is witnessing substantial growth in the global nasal splint market due to several factors. Primarily, silicon splints offer enhanced comfort compared to other materials, providing a soft and flexible fit that conforms well to nasal anatomy. This superior comfort minimizes patient discomfort during the critical postoperative phase. Moreover, silicon splints boast durability, maintaining their shape effectively over time. Their versatility allows for easy customization to fit individual patient needs, making them suitable for a wide array of nasal procedures, including aesthetic surgeries. As demand for such procedures increases, the preference for silicon splints grows accordingly.

Rapid Growth of Outpatient Nasal Procedures Driving Demand for Nasal Splints

In the nasal splints market, the outpatient segment is experiencing faster growth compared to hospitals. This trend is fueled by various factors, including the rise in outpatient procedures driven by advancements in minimally invasive techniques and the increasing preference for same-day surgeries.For instance, according to Plastic Surgery Statistics,minimally invasive procedures have experienced a significant surge in popularity. An increasing number of men are now prioritizing their appearance, opting for these treatments since 2019, there has been a remarkable 253% increase in the utilization of such procedures. Outpatient settings offer convenience, reduced costs, and shorter recovery times for patients undergoing nasal procedures, making them an attractive option. Consequently, the demand for nasal splints in outpatient settings is on the rise, contributing to the growth of this segment in the market.

Regional Outlook

The global nasal splintsis further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America). 

North America: A Hub of Expertise in the Nasal Splint Market

North America's enduring dominance in the nasal splint market can be attributed to its robust medical infrastructure. The region benefits from advanced hospitals and clinics equipped with state-of-the-art technology for a wide array of nasal surgeries, spanning reconstructive and cosmetic procedures.For instance, in the US, there are a total of 6,120 hospitals. Among these, 5,129 are community hospitals. Of these community hospitals, 2,987 are nongovernment, not-for-profit institutions, 1,219 are investor-owned (for-profit) establishments, and 923 are operated by state and local governments. Additionally, there are 207 federal government hospitals and 659 nonfederal psychiatric hospitals. 

Moreover, North America boasts a significant concentration of highly skilled, board-certified surgeons specializing in facial procedures, particularly rhinoplasty, ensuring the safe and effective utilization of nasal splints throughout surgical interventions. Additionally, its well-established medical facilities offer comprehensive post-operative care, including the appropriate application and monitoring of nasal splints, thus ensuring optimal healing outcomes.

This extensive medical infrastructure fosters a conducive environment for a substantial volume of nasal surgeries, thereby fueling the demand for nasal splints in the region.

Global Nasal Splints Growth by Region 2024-2031

Beauty Boom in Asia-Pacific: Driving Demand for Nasal Splints

The Asia-Pacific region is witnessing a surge in demand for nasal splints, partly fueled by a growing focus on aesthetics. This trend manifests in several ways.  The pervasiveness of social media, with its emphasis on physical perfection, can influence people's self-image and spark a desire for cosmetic procedures.For instance, South Korea, renowned as the "Cosmetic Surgery Capital of the World," conducts 24% of global cosmetic surgeries. The average age for initial plastic surgery is 21.8 years old, while up to 46% of female college students in South Korea have undergone cosmetic procedures, highlighting the widespread acceptance and prevalence of cosmetic enhancements in the country.  Furthermore, increased exposure to global beauty standards, through media and travel, can lead to a rise in procedures like rhinoplasty, which utilize nasal splints for reshaping the nose.  Moreover, the rising disposable income in the region empowers individuals to invest in elective surgeries that enhance their appearance.  This confluence of factors, driven by a heightened focus on aesthetics, creates a larger pool of potential patients seeking cosmetic procedures and consequently, propels the demand for nasal splints within the Asia-Pacific market.

Market Players Outlook

*Note: Major Players Sorted in No Particular Order.

The major companies serving the global nasal splints includeTeleflex Inc., Olympus Corp, Smith & Nephew plc, Medtronic PLCamong others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. 

The Report Covers

• Market value data analysis of 2023and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global nasal splints market based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.