The global nasal packing devices market was surpassed at USD 173.1 million in 2021 and is expected to hit around USD 271.2 million by 2030, growing at a CAGR of 5.12% from 2022 to 2030.
This is attributed to the increasing prevalence of epistaxis and the ever-growing geriatric population. The demand for nasal packing devices is constantly on the rise, as epistaxis, also known as a nosebleed, is a commonly occurring condition. However, it is not severe in every case, and therefore people used to pay minute attention to it. But since the population has become increasingly health-conscious, many people opt to get it treated before the condition worsens.
The use of nasal packing devices increased significantly during the COVID-19 pandemic. The spread of the virus was a constant threat to healthcare professionals and patients during the pandemic. Hence, patients that suffered from epistaxis could be discharged from hospitals by applying nasal packing which, with little training, could be replaced and removed at home itself. This relieved the pressure on the hospital and minimized Epistaxis patient visits. Epistaxis, if left untreated, is a constantly occurring condition and can cause high discomfort and pain to the patient. In severe cases, it may also lead to fatality. Therefore, medical professionals first try to eliminate epistaxis through electric cauterization.
In case of failure of cauterization, nasal packing is used on the site of bleeding in the nasal cavity to create pressure and control the bleeding. In epistaxis conditions, a nasal packing can prove beneficial by achieving hemostasis, preventing desiccation, protecting the site from trauma, applying constant pressure to the mucosal walls, and protecting the nasal cavity. Nasal packing is highly used to control nasal bleeding as its advantages far outweigh the disadvantages. Post-packing care is taken by doctors to ensure patient safety. Manufacturers are also constantly investing in research and development of new products that can overcome these complications. In December 2020, Medtronic launched Novapak Nasal Sinus Packing and Stent, a single-use, dissolvable packing, intended post sinus surgery. It proved highly effective in bleeding control, prevention of adhesions, and providing a moist healing atmosphere for quick patient recovery.
Scope of The Report
|Market Size in 2021||USD 173.1 million|
|Revenue Forecast by 2030||USD 271.2 million|
|Growth rate from 2022 to 2030||CAGR of 5.12%|
|Forecast Period||2022 to 2030|
|Segmentation||Product, type, region|
|Companies Covered||Summit Health; Smith & Nephew; Stryker Corporation; Medtronic plc.; Network medical products ltd.; Olympus; Lohmann & Rauscher; Meril Life Sciences Pvt Ltd.; FABCO; Aegis Lifesciences|
The spray segment dominated the market in terms of the revenue share of around 30.0% in 2021. Spray nasal packing is an upcoming product and is directly applied into the nasal cavity or onto cotton balls that are placed in the cavity. The types of nasal sprays available are saline and decongestant.
The gel packing segment is likely to witness the fastest growth rate over the forecast period. The recent developments and efficacy of gel production, owing to the high patient comfort and its hemostatic properties are expected to contribute to the segment growth. Gel and dressings are the most common and effective products for the treatment of nosebleeds. There are various dressing brands available in the market. MeroGel by Medtronic is one of the popular nasal dressings in the market. Injectable nasal packing is particularly indicated to avoid lateralization of the central turbinate and also nasal adhesions in the post-surgery period.
In 2021, the non-absorbable segment held a majority of the market share of around 55% in terms of revenue. The non-absorbable nasal packing devices is an already well-established and preferred by physicians and are also comparatively cheaper than the bioresorbable nasal packing devices.
The bioresorbable segment is likely to witness the fastest growth rate over the forecast period owing to the rapid technological advancements and the increasing introduction of newer brands into the market. Bioresorbable nasal packing devices are much more convenient to the patients as there is much less pain and has more advantages than their counterpart segment.
In 2021, North America dominated the market in terms of revenue share owing to the growing adoption of nasal packing devices to treat the ever-increasing numbers of epistaxis patients and the increasing number of market players in the region. Moreover, increased COVID-19 cases in the region further boosted the demand for nasal packing devices.
In the Asia Pacific, the market is projected to witness a promising growth rate in the forecast period from 2022 to 2030. This growth can be attributed to the increase in the number of nasal packing device manufacturers, high unmet needs, booming economy, and overall improving healthcare infrastructure, especially in developing countries such as China and India. In addition, the increased awareness about nasal packing devices and their applications attribute to the growth of the market.
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