Global nasal implant market was valued at USD 698.7 million in 2015; the market is further anticipated to expand with a compound annual growth rate of 6% over the forecast period i.e. 2016-2023.North America dominated the global nasal implant market owing to high adoption and diagnosis rate, the region is anticipated to maintain its dominance over the forecast period. Western Europe is anticipated to be the second most attractive market in terms of revenue share owing to the rising cosmetic requirements and increasing geriatric population in the region.
Asia Pacific and Middle East and Africa market is estimated to hold upper hand in terms of compound annual growth rate. This is likely due to increasing expenditure on healthcare sector and developing healthcare infrastructure in the region.
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Autografts are harvested from the same patient, homografts derive from a donor within the same species, xenografts originate from another species, and alloplasts are manufactured from synthetic or semisynthetic materials. There are numerous reasons associated with nasal implant such as changes in the appearance of nose, nasal obstruction caused by an incompetent nasal valve and lot more. Since, nose is critically involved in the perception of beauty of face both privately and publicly the patient pool for nasal implant is increasing at a rapid pace. Development of sterile techniques coupled with the availability of ever-evolving implant material, has provided the nasal surgeon with a wide range of choices when nasal implantation is indicated.
Other factors boosting the revenue of the market includes rising incidence of nasal tumours, esthetical rehabilitations which is expected to be the major reason behind the increasing demand of maxillofacial nasal surgeries and nasal implants over the forecast period.
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Demand Analysis By Market Segmentation
By Material
Synthetic
Metal(Titanium)
Ceramics
Polymers(silicon, polyethylene, PTFE, polyamides and polyesters)
Biological
Autograft
Xenographt
Allograft
Alloplast
By End User
Hospitals
Ambulatory Surgical Centers
Clinics
By Region
Global Nasal Implant Market is further classified on the basis of region as follows:
North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis
Middle East and Africa
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