July 18, 2024
Internal Nasal Dilators Market

The Rising Awareness Regarding Sleep Apnea Is Anticipated To Open Up The New Avenue For Internal Nasal Dilators Market

The Internal Nasal Dilators Market is estimated to be valued at US$ 2.3 Bn in 2023 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Internal nasal dilators are devices worn inside the nose to help keep nasal passages open during sleep. They are small, flexible strips that are usually worn beneath the nose and above the lip. By applying gentle pressure against the nasal wall, they help prevent nasal obstructions and keep nasal passages open to improve breathing. They are often used as a treatment option for snoring and obstructive sleep apnea (OSA). When used properly, they can improve airflow and help users breathe more easily while sleeping.

Market Dynamics:

The growing awareness about sleep-related disorders such as snoring and sleep apnea is a major driver for the internal nasal dilators market. These sleep disorders affect millions of people worldwide and can have severe consequences if left untreated. Moreover, devices like nasal dilators provide a non-invasive alternative to CPAP machines commonly prescribed for sleep apnea. They are low cost, easy to use, and have fewer side effects compared to other options which is boosting their demand. Additionally, rising geriatric population who are more susceptible to sleep disorders is also propelling the market growth. However, lack of awareness in developing regions about these medical devices acts as a challenge.

Segment Analysis

The global internal nasal dilators market is segmented on the basis of product type, application, distribution channel, and region. Based on product type, the market is segmented into adhesive nasal strips and nasal conches. The adhesive nasal strips segment holds the largest share of the market as it is easy to apply and provides instant relief from nasal obstructions.

PEST Analysis

Political: The regulations regarding product quality and safety for medical devices are becoming stringent which is compelling manufacturers to improve their product quality and launch efficacious products.
Economic: The rising disposable income levels and growing healthcare expenditures are fueling the demand for innovative nasal devices globally.
Social: Factors such as increasing pollution levels, changing lifestyles resulting in stress and sleep deprivation are boosting the prevalence of nasal disorders and driving the need for effective treatment options.
Technological: Advancements in material science and device technologies have helped manufacturers develop more comfortable and discreet nasal dilators that are effective in improving nasal breathing.

Key Takeaways

The Global Internal Nasal Dilators Market Growth is expected to witness high, exhibiting a CAGR of 7.4% over the forecast period, due to increasing prevalence of nasal breathing disorders worldwide. The North America region dominates the market owing to the significant patient base of nasal disorders and growing adoption of nasal devices in the region.
Regional analysis: North America leads the internal nasal dilators market with the US being the major revenue generator. This is attributed to the increasing prevalence of allergic rhinitis and sleep apnea disorders. Furthermore, favorable government support and advanced healthcare infrastructure enhance the accessibility of nasal devices.
Key players: Key players operating in the internal nasal dilators market are GlaxoSmithKline plc, Nasanita, Sanostec, Splintek, Inc., McKeon Products, Inc., Neogyn, SANOSTEC CORP, Scandinavian Formulas, Nasilator, WoodyKnows, HealthRight Products, ASO Medical, Airware Labs, Tache, Hiko Nose, RC Medical Devices, and Rhinomed. These players are focusing on new product launches and targeting strategic acquisitions and partnerships for geographic expansion.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it