According to a new report, published by KBV research, The Global Nasal Packing Devices Market size is expected to reach $240.6 million by 2028, rising at a market growth of 5.4% CAGR during the forecast period.
The Spray segment acquired maximum revenue share in the Global Nasal Packing Devices Market by Product in 2021, thereby, achieving a market value of $89.4 Million by 2028. The increasing growth of the segment is attributed to the rising utilization of nasal spray products due to reduced pain and invasion. Spray nasal packing is a new product that is sprayed directly into the nasopharynx or onto cotton balls inserted in the cavity. There are two sorts of nasal sprays viz. saline and decongestant.
The Bio-resorbable market is showcasing a CAGR of 6% during (2022 - 2028). The growth of this segment is rising due to the fact that bioresorbable nasal packing does not need a special hospital visit to be removed; instead, it gets dissolved on its own. Additionally, due to rapid technological breakthroughs along with the rising penetration of additional brands into the market, the bioresorbable sector is expected to grow at a strong rate throughout the forecast period.
The North America market dominated the Global Nasal Packing Devices Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $91.2 Million by 2028. The Europe market is estimated to witness a CAGR of 4.7% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 6.3% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/nasal-packing-devices-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Smith & Nephew PLC, Medtronic PLC, Stryker Corporation, Olympus Corporation, Summit Health, Network Medical Products Ltd., Lohmann & Rauscher GmbH & Co. KG, Meril Life Science Private Limited, First Aid Bandage Company, and Aegis Lifesciences Pvt. Ltd.
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