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Nov 03, 2023
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The global internal nasal dilators market is expected to grow from US$ 1.5 billion in 2023 to US$ 2.5 billion by 2030, at a CAGR of 7.5%. The market growth is attributed to the increasing prevalence of nasal obstruction and sleep apnea, rising awareness of non-invasive treatments, and the demand for innovative healthcare products.
Internal nasal dilators are medical devices that are inserted into the nostrils to help keep the nasal passages open and improve airflow. They are commonly used to treat nasal congestion and sleep apnea. Internal nasal dilators are available in a variety of sizes and materials, and can be custom-fit to the individual user.
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The key factors driving the growth of the internal nasal dilators market include:
Increasing prevalence of nasal obstruction and sleep apnea: Nasal obstruction is a common condition that can be caused by allergies, colds, the flu, and other factors. Sleep apnea is a more serious condition that can lead to a number of health problems, including heart disease, stroke, and diabetes.
Rising awareness of non-invasive treatments: There is a growing awareness of non-invasive treatments for nasal obstruction and sleep apnea. Internal nasal dilators are a non-invasive and effective treatment option for many people.
Demand for innovative healthcare products: Patients are increasingly demanding innovative healthcare products that can improve their quality of life. Internal nasal dilators are a relatively new and innovative product that can offer significant benefits to patients.
Key Takeaways:
The global internal nasal dilators market is expected to grow from US$ 1.5 billion in 2023 to US$ 2.5 billion by 2030, at a CAGR of 7.5% during the forecast period.
The increasing prevalence of nasal obstruction and sleep apnea is the primary driver of the market growth.
The rising awareness of non-invasive treatments and the demand for innovative healthcare products are also fueling the market growth.
The North American region is expected to remain the largest market during the forecast period, followed by Europe and Asia Pacific.
Regional Outlook:
The North American region is expected to remain the largest market for internal nasal dilators during the forecast period. The high prevalence of nasal obstruction and sleep apnea, the rising awareness of non-invasive treatments, and the increasing demand for innovative healthcare products are the key factors driving the market growth in this region.
Europe is expected to be the second-largest market for internal nasal dilators during the forecast period. The increasing prevalence of nasal obstruction and sleep apnea, the rising awareness of non-invasive treatments, and the favorable reimbursement policies for internal nasal dilators are the key factors driving the market growth in this region.
Asia Pacific is expected to be the fastest-growing market for internal nasal dilators during the forecast period. The increasing prevalence of nasal obstruction and sleep apnea, the rising awareness of non-invasive treatments, and the growing disposable incomes are the key factors driving the market growth in this region.
Key Players:
The key players in the global internal nasal dilators market include:
ResMed Inc.
Koninklijke Philips N.V.
ProSomnus, Inc.
Propeller Health, Inc.
VitalSleep Inc.
ApneaMed
Rhinomed
Inspire Medical Systems
Siesta Therapeutics
Sleep Therapy of America
Aeroflow Healthcare
Segmentation:
The global internal nasal dilators market is segmented on the basis of product type, distribution channel, and end user.
By Product Type:
Spring-Loaded Dilators
Thermoplastic Dilators
Expandable Dilators
By Distribution Channel:
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
DME Suppliers
By End User:
Homecare Settings
Hospitals & Clinics
