Some of the key findings from our epistaxis device market forecast report are summarized below
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Global Epistaxis Device Industry Overview
Functional endoscopic sinus surgery (FESS) is simple and minimally invasive, which makes it the most preferred surgical option for chronic rhinosinusitis (CRS) treatment. However, FESS is associated with complications such as nasal bleeding and adhesions, which require the use of nasal packing. Biotechnological advancements have enabled the development of advanced FESS nasal packing materials such as chitosan scaffolds and absorbent silver ions for dressing that provides high patient comfort and satisfaction. These materials also aid in reducing the recovery time and improving the success rate of FESS. These epistaxis devices are mostly used for nose bleed management. The technological advances in materials of epistaxis device used after FESS will be a critical epistaxis device market trend having a positive impact on the growth of the market.
Air pollution is one of the major factors responsible for olfactory dysfunction. Apart from reducing the quality of life, olfactory dysfunction can also cause various neurodegenerative diseases. Since the olfactory apparatus is directly exposed to the external environment, prolonged exposure to elevated levels of air pollutants may increase the risk of hyposmia or anosmia and induce cytotoxic and inflammatory changes in the olfactory bulb. The frequent nosebleeds due to rising air pollution will result in a growing demand for epistaxis device. These factors will be responsible for the growth of the epistaxis device market at a CAGR of almost 6% during the forecast period.
Top Epistaxis Device Companies Covered in this Market Research Report
The global epistaxis device market is fragmented. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, the epistaxis device market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the future growth opportunities.
The report offers a detailed analysis of several leading epistaxis device manufacturers, including:
- DeRoyal Industries Inc.
- Medtronic Plc
- Pfizer Inc.
- Smith & Nephew Plc
- Stryker Corp.
- Teleflex Inc.
Epistaxis Device Market Segmentation Based on Application
- Anterior epistaxis
- Posterior epistaxis
The anterior epistaxis segment will account for the highest epistaxis device market share. Since, most of the cases of epistaxis include anterior bleeding, the demand for epistaxis device is high for anterior epistaxis applications. This report provides an accurate prediction of the contribution of all the segments to the growth of the epistaxis device market size.
Epistaxis Device Market Segmentation Based on Type
- Nasal tampons
- Nasal catheters
- Others
The nasal tampons segment dominates the global epistaxis device market. The simplicity of placement of nasal tampons makes it a preferable option for treating epistaxis in primary care settings. This is one of the major factors responsible for epistaxis device market growth in this segment.
Epistaxis Device Market Segmentation Based on Geographic Region
- Asia
- Europe
- North America
- ROW
With a complete study of the growth opportunities for the companies, it has been identified that North America will account for the highest share of the epistaxis device market throughout the forecast period. The increasing prevalence of hypertension and nasal and paranasal sinus cancers, rising air pollution, and the presence of established vendors are some of the factors driving the growth of epistaxis device market in this region.
Key Highlights of the Global Epistaxis Device Market for the Forecast Years 2019-2023
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the epistaxis device market during the next five years
- Precise estimation of the global epistaxis device market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the epistaxis device industry across Asia, Europe, North America, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details of factors that will challenge the growth of epistaxis device companies
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