Healthcare

Global Ear and Nasal Packing Market

April 23, 2022
ID: SR/HC-213
Format:Pdf
Pages:220

Global Ear and Nasal Packing Market, By Type (Spinal Decompression, Spinal Fusion, Fracture Repair Devices, Arthroplasty Devices, and Non-fusion Devices), and By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)-Global Forecast to 2028.

Description

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Description

Ear and Nasal Packing Market Overview

The global Ear and Nasal Packing market was valued at USD 221 Million and is expected to reach USD 357 Million with a CAGR of 5.9% during the forecast period, 2022-2028. The rise in chronic sinusitis and technical improvements in the healthcare industry are two major drivers driving ear and nose packing demand. Furthermore, the ear and nose packing market will develop as people become more aware of minimally invasive ENT surgeries. However, the high prices of ENT surgical treatments provide a significant barrier to industry expansion. A scarcity of trained professionals further hampers the market’s expansion. The fierce rivalry further slows the ear and nasal packing market’s growth rate that small competitors encounter. Hearing loss can also be caused by chronic inflammation, noise exposure, vascular problems, physiological aging of the ear, and hereditary predisposition, which is expected to drive the global market.

What is Ear and Nasal Packing?

The medical aid treatments known as ear, and nasal packing are extensively used to decrease bleeding and promote wound healing after surgery. Polymers are used in these packing solutions. Because of their design, they disintegrate in the body after 2 to 3 weeks. These packing materials are used to keep patients comfortable after nasal surgery, such as preventing nose bleeds and edema.

Growth Driver

Rising technological advancements

According to WHO estimates, over 466 million people worldwide suffer from disabling hearing loss, with ear infections being the most common cause. Adults (242 million males and 190 million females) account for over 432 million (93% of the population), while children account for 34 million (7%). Disabling hearing loss affects almost one-third of the population over 65. These developments are expected to boost demand for otoscopes, commonly used to diagnose ear-related problems. The Centers for Disease Control and Prevention (CDC) in the United States estimates that almost 15% of Americans (over 50 million people) suffer from tinnitus. The increased prevalence of ear diseases drives the market.

Opportunity

Growing Emerging markets

Emerging economies such as India, South Korea, Malaysia, Vietnam, Saudi Arabia, and the United Arab Emirates provide major market players with significant development prospects. Low regulatory hurdles, advancements in healthcare infrastructure, increasing patient population, and rising healthcare expenditures contribute to this. Furthermore, regulatory rules in the Asia Pacific area are more flexible and pro-business than those in industrialized countries. This, combined with increased competition in mature regions, has prompted important players in the ear health sector to concentrate their efforts in emerging markets.

Restraint

Shortage of trained professionals

Several countries are currently experiencing a scarcity of competent doctors capable of performing ENT treatments. In 2012, there were 8,600 otolaryngologists in the United States, and it is predicted that by 2025, there will be a shortfall of 2,500 otolaryngologists. Furthermore, this issue affects underdeveloped countries and regions on a far larger scale. In Nigeria, for example, the number of ENT surgeons was less than 200 in 2017, with 199 more in training. This is insufficient to address the health demands of more than 170 million. Despite the availability of a large target patient population, the lack of qualified ENT surgeons in these nations is projected to limit the number of ENT surgeries performed. This is regarded as a significant barrier to market expansion.

Pre-Covid-19 impact on the global Ear and Nasal Packing market

Before the pandemic, the primary market drivers were rising senior populations, increased prevalence of ENT-related illnesses, and rising penetration of minimally invasive ENT operations. Furthermore, technological improvements play a significant part in the market’s expansion.

Covid-19 impact on the global Ear and Nasal Packing market

The outbreak of the COVID-19 pandemic has wrecked the worldwide economy. The number of beds available for patients in hospitals is at an all-time low. The World Health Organization declared the COVID-19 epidemic caused by the severe acute respiratory system corona virus-2 a pandemic in March 2020. More than any other healthcare professional, Otolaryngologists are at significant risk of contracting the SARS-COV2 virus. Both symptomatic and asymptomatic people have the virus found in swabs taken from their noses and throat. As a result of the increased risk of infection from aerosol and droplet contamination among otolaryngologists and head and neck surgeons who assist and execute upper airway procedures, the global ear and nasal packing market are declining.

Post Covid-19 impact on the global Ear and Nasal Packing market

The key reason driving the worldwide ear and nasal packing market is the surge in technological improvements in the health care sector following the pandemic. Additionally, o the global market drivers include an increase in the incidence of aged people and a growth in personal disposable income.

Type Segmental Analysis

Based on the Type, the global Ear and Nasal Packing market are categorized into Nasal and Ear. The Ear segment accounted for a significant market share in 2021 and is expected to continue to be the leading segment during the forecast period. Increased demand for hearing aids is responsible for a substantial proportion of this market. Hearing loss can result from changes in the neural connections from the ear to the brain as people age.

End-User Segmental Analysis

Based on the End-User, the global Ear and Nasal Packing market are segregated into Hospitals, Clinics, Ambulatory Centres, and Others. The Hospitals segment is expected to behold the largest share of the market during the forecast period. The primary driving factors for this market are increased disposable income and affordability for ENT treatment, improved healthcare infrastructure and expenditure, and rising knowledge and awareness of the procedure’s success or failure.

Region Segmental Analysis

The Ear and Nasal Packing market are characterized by North America, Europe, Asia Pacific, South America, and Middle East & Africa. The North American region is expected to dominate the Ear and Nasal Packing Market rate during the forecast period, 2022-2028. This is due to the region’s high frequency of ENT-related illnesses, increased demand for hearing aids, and the presence of large hospital chains, well-equipped ambulatory facilities, and a huge target population. Furthermore, top market companies’ local presence, favorable government laws for packaging devices, and widespread adoption of modern technology are all important reasons for the industry’s domination.

Competitor Analysis

Companies include Medtronic, BD, Stryker, Smith & Nephew Healthcare, Richard Wolf GmbH, MED-EL Medical Electronics, Sonova, Zhejiang Shendasiao Medical Instrument Co., Ltd, Nurotron Biotechnology Co. Ltd, Shanghai Fosun Pharmaceutical（Group）Co., Ltd, Danaher, Accurate Surgical & Scientific Instruments Corporation, Summit Medical Group, and Other prominent players are the key players in the Ear and Nasal Packing market.

Key Stakeholders

Market research and consulting firms
Industry associations
Global Ear and Nasal Packing manufacturing firm
Local Governments
Regulatory bodies
Suppliers
Retailers

Recent Development

In March 2022, Vocera, a subsidiary of Stryker Corporation, unveiled a new wearable voice-activated device that allows healthcare personnel to interact without using their hands.
In January 2022, PICO 7 and PICO 14 negative pressure wound therapy devices for superficial and deep surgical incisions were released by Smith & Nephew. The systems have been approved by the US Food and Drug Administration (FDA) for use and closed surgical incisions.

Scope of the Report

Report Attribute	Details
Revenue in 2021	USD 221 Million
The revenue forecast in 2028	USD 357 Million
Growth Rate	5.9%
Historical data	2017 – 2020
Base Year	2021
Forecast period	2022 – 2028
Region covered	America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	Medtronic, BD, Stryker, Smith & Nephew Healthcare, Richard Wolf GmbH, MED-EL Medical Electronics, Sonova, Zhejiang Shendasiao Medical Instrument Co., Ltd, Nurotron Biotechnology Co. Ltd, Shanghai Fosun Pharmaceutical（Group）Co., Ltd, Danaher, Accurate Surgical & Scientific Instruments Corporation, Summit Medical Group, and Other prominent players

Market Modelling

By Type

Nasal
Ear

By Material

Bioabsorbable
Non-Absorbable
Bio absorbable, and Non-Absorbable

By Distribution Channel

Direct Tender
OTC

By End-user

Hospitals
Clinics
Ambulatory Centres
Others

By Region

North America
Europe
Asia Pacific
South America
Middle East & Africa

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Table Of Contents

Methodology

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Frequently Asked Questions (FAQ):

What is Ear and Nasal Packing?

What is the growth rate of the Ear and Nasal Packing market?

The global Ear and Nasal Packing market was valued at USD 221 Million and is expected to reach USD 357 Million with a CAGR of 5.9% during the forecast period, 2022-2028.

What are the driving factors for the global Ear and Nasal Packing market?

The rise in chronic sinusitis and technical improvements in the healthcare industry are two major drivers driving demand for ear and nose packing.

What are the trends in the global Ear and Nasal Packing market?

The spike in-ear and nasal packing solutions investments in the form of funds and grants has accelerated market growth.

Which region is expected to have the largest share in global Ear and Nasal Packing?

The North American region is expected to dominate the Ear and Nasal Packing Market and continue this growth rate, followed by Europe and the Asia Pacific forecast, 2022-2028.

Who are the major players in the global Ear and Nasal Packing?

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Global Ear and Nasal Packing Market