Over the past few years, the prevalence of respiratory issues such as allergies, asthma, and sinus infections has increased significantly. As a result, there has been growing demand for products that help improve nasal breathing and airflow. Internal nasal dilators are thin, adhesive strips or buttons that are attached inside the nose to gently pull back the sides of the nasal passage, improving breathing. Some key advantages of internal nasal dilators include ease of use, effectiveness, and the fact that they don’t require a prescription. Prolonged lack of clear nasal breathing can impact sleep quality and daytime functioning. Therefore, internal nasal dilators have emerged as an effective minimally invasive option for treating respiratory conditions.
The Global Internal Nasal Dilators Market is estimated to be valued at US$ 10.11 Bn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030.
Key Takeaways
Key players operating in the Internal Nasal Dilators are Becton, Dickinson and Company, Gerresheimer AG, Sharps Technology, Inc., Cardinal Health, lomMedical, MHC Medical Products, LLC, Sol-Millennium, UltiMed Inc., VOGT MEDICAL, Retractable Technologies, Inc., Dmcmedical, BIOCORP, Hindustan Syringes & Medical Devices Ltd, Owen Mumford Ltd., B. Braun SE, Terumo Europe NV, Smiths Group plc, Merit Medical Systems, Nipro Corporation, GPC Medical Ltd., AdvaCare Pharma.
Key opportunities in the market include increasing adoption in developing regions and growing popularity of drug-free alternatives for treating respiratory conditions. Technological advancements have led to the development of dilators using improved adhesives and ergonomic designs for enhanced comfort and effectiveness.
Market Drivers
The main driver boosting the internal nasal dilators market is the rising prevalence of allergies and respiratory disorders globally. According to health experts, the changing environmental conditions have significantly increased the instances of disorders like sinusitis and asthma in recent years. Extended use of nasal dilators helps in preventing complications and reoccurrence of such conditions. Additionally, growing awareness about the drug-free treatment options is also driving consumer interest in nasal strips and dilators.
Current challenges in internal nasal dilators market:
Some key challenges being faced by the internal nasal dilators market include lack of awareness regarding the benefits of nasal dilators, poor reimbursement policies for nasal dilators procedures, and high costs associated with nasal dilators devices. Many people are still unaware about internal nasal dilators and do not consider it for treating nasal obstruction problems. The reimbursement rates for nasal dilators procedures are low in many countries due to which people hesitate to opt for these procedures. Moreover, the prices of advanced nasal dilators devices are on the higher side, making it difficult for common mass to afford them. This restricts the growth potential of this market.
SWOT Analysis
Strength: Easy to use design and non-invasive nature makes it a preferred option over other treatments. Weakness: Low brand awareness about available nasal dilators. Opportunity: Increasing prevalence of nasal obstruction problems worldwide. Threats: Strong competition from other alternative treatment methods like nasal sprays, steroid therapy, etc.
Geographical Regions with High Market Concentration
North America dominates the global internal nasal dilators market and accounts for over 45% share in terms of value. This is majorly attributed to the presence of key players in countries like the US and Canada, high acceptance of advanced medical technologies, and rising cases of nasal obstruction problems. Asia Pacific registers the fastest growth and is expected to witness a CAGR of around 14% during the forecast period. Growing population, increasing healthcare spending, and rising cases of allergies and cold contributes to the regional market growth.
Fastest Growing Geographical Region
Asia Pacific market is poised to grow at the fastest pace during the forecast timeline of 2023 to 2030. This region is currently witnessing a rapid surge in nasal obstruction cases owing to rising environmental pollution and growing tobacco consumption in countries such as China and India. Favorable government initiatives to enhance access to healthcare and growing medical tourism industry in Asia are contributing significantly to the growth of internal nasal dilators market in this region.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
