The global epistaxis device market is expected to post a CAGR of close
to 6% during the period 2019-2023, according to the latest market
research report by Technavio.
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Technavio has published a new market research report on the global epistaxis market from 2019-2023. (Graphic: Business Wire)
Millions of people across the world are affected by olfactory
dysfunction resulting from air pollution. Airborne chemicals can damage
or irritate the interior of the nose, making it more prone to bleeding.
Upon inhalation, the toxins in the air can directly damage the olfactory
cortex and can also induce cytotoxic and inflammatory changes in the
olfactory bulb. Therefore, the increase in air pollution can lead to
frequent nosebleeds and, in turn, raise the demand for epistaxis devices.
As per Technavio, the technological advances in materials of epistaxis
devices used after FESS will have a positive impact on the market and
contribute to its growth significantly over the forecast period. This global
epistaxis device market 2019-2023 research report also
analyzes other important trends and market drivers that will affect
market growth over 2019-2023.
Global epistaxis device market: Technological
advances in materials of epistaxis devices used after FESS
The epistaxis device market is witnessing significant technological
advances in materials used after FESS, which is the most effective
surgical treatment for CRS. However, this procedure is associated with
complications such as nasal bleeding, adhesions, and other issues, which
could be prevented by nasal packing. Hence, a variety of new
biomaterials have been introduced for use in FESS nasal packing, such as
chitosan scaffolds, and absorbent silver ions for dressing. Such
advances lead to higher comfort with better quality nasal packing
products and are likely to have a positive impact on the growth of the
epistaxis device market.
“Apart from the technological advances in materials of epistaxis
device used after FESS, other factors such as the increasing proportion
of pregnant women suffering from hypertension diseases, and the growing
prevalence of blood disorders causing epistaxis will have a significant
impact on the growth of the epistaxis device market size during the
forecast period,” says a senior analyst at Technavio.
Global epistaxis device market: Segmentation
analysis
This market research report segments the global epistaxis device market
by product type (nasal tampons, nasal catheters, and others),
application (anterior epistaxis and posterior epistaxis), and geographic
regions (North America, Europe, Asia, and ROW).
The North American region led the epistaxis device market in 2018,
followed by Europe, Asia, and ROW, respectively. The growth of the
epistaxis device market in North America can be attributed to the
increasing prevalence of hypertension, rising blood disorders, and
growing incidence of nasal and paranasal sinus cancers in the US, and
Canada. North America is expected to contribute the largest share of
revenue to the epistaxis device market during the forecast period owing
to the presence of established vendors in the US.
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