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Global Ear and Nasal Packing Market In Depth Study with Top Companies like Medtronic, Stryker, Summit Medical Group, Smith and Nephew, Entellus, Olympus Medical, Boston Medical Products, Inc

Global Ear and Nasal Packing market report serves you the best market opportunities available and efficient information with which your business can reach towards the growth and success. Statistical and numerical data mentioned in the report is represented with the help of graphs and tables which simplifies the understanding of facts and figures. The report offers a complete overview of the industry that takes into account various aspects of product definition, market segmentation, and the existing retailer landscape. Additionally, this Ear and Nasal Packing market report incorporates historic data, current market trends, market environment, technological innovation, upcoming technologies and the technical progress in the related industry.

Global Ear and Nasal Packing Market is expected to reach USD 257.32 million by 2024 from USD 168.14 million in 2016, at a CAGR of 5.6%. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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The factors such as high prevalence of chronic sinusitis, growing adoption of minimally invasive procedures, technological developments and favourable reimbursements are driving the growth of market. On the other hand, side effects of the ENT packing products and lack of trained otolaryngologists may hinder the growth of the market.

Market Segmentation: Global Ear and Nasal Packing Market

The global ear and nasal packing market is segmented on the basis of type, material, end user and distribution channel. On the basis of product type, global ear and nasal packing market is segmented into nasal packing and ear packing. In 2017, nasal packing segment is expected to dominate the global ear and nasal packing market with 62.1% market share and is expected to reach USD 164.38 million by 2024, with the highest CAGR of 6.0% in the forecast period 2017 to 2024.

On the basis of material, global ear and nasal packing market is segmented into bioresorbable and non-absorbable. In 2017, bioresorbable segment is expected to dominate the global ear and nasal packings market with 69.9% market share and is expected to reach USD 184.44 million by 2024, with the highest CAGR of 5.9% in the forecast period 2017 to 2024.

On the basis of end user, the ear and nasal packing market is segmented into hospital, clinics, ambulatory centers and others. In 2017, hospital segment is expected to dominate the market, expected to reach USD XX million by 2024, growing at the highest CAGR of 6.2% in the forecast period.

On the basis of distribution channel, the ear and nasal packing market is segmented into direct tenders and over the counter. The direct tender is expected to dominate the global ear and nasal packing market with 65.2% market share, growing at the highest CAGR 6.0% in the forecast period 2017 to 2024.

Based on geography, the market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and Middle East and Africa.

Key Drivers: Global Ear and Nasal Packing Market

Some of the major factors driving the market for factors such as high prevalence of chronic sinusitis, growing adoption of minimally invasive procedures, technological developments and favourable reimbursements are driving the growth of market.

  • Side effects of the ENT packing products and lack of trained otolaryngologists may hinder the growth of the market.
  • Many companies are increasingly focusing on technological advancement of devices in order to strengthen their product portfolios in the ear and nasal packing market.

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Key Points: Global Ear and Nasal Packing Market

Global ear and nasal packing market is dominated Medtronic, followed by Stryker and Smith & Nephew along with others such as Summit Medical Group, Entellus Medical, Inc., Olympus Corporation, Network Medical Products Ltd., Lohmann & Rauscher GmbH & Co. KG and DCC plc among others.

  • The global nasal packing market is expected to reach USD 164.38 million by 2024, from USD 104.03 million in 2016, growing at the highest CAGR of 6.0%.
  • The global non-absorbable ear and nasal packing market is expected to reach USD 72.88 million by 2024, from USD 50.99 million in 2016, growing at a CAGR of 4.7%.

Stryker:

Founded in 1941 and headquartered in Michigan, U.S., Stryker Corporation specializes in reconstructive, medical & surgical, and neurotechnology & spine products. The company has three business segments—orthopedic implants, MedSurg, and neurotechnology and spine. The MedSurg segment focuses on surgical equipment, minimally invasive surgical solutions, sports medicine, and patient handling, and provides medical products for a variety of specialties.

The company is present in the U.S. (including Puerto Rico), Canada, Ireland, Europe (Germany, France, Switzerland, and the U.K.), Japan, and countries in the Pacific and Latin American regions. The company sells its products in over 100 countries through company-owned sales subsidiaries and branches as well as third-party dealers and distributors. The firm has 29 manufacturing and R&D facilities worldwide. It had approximately 26,000 employees in December 2014.

Smith & Nephew:

Founded in 1856 and headquartered London, UK. Smith & Nephew is the manufacturer of numerous medical devices, personal care products and advanced and latest along with the traditional wound care treatments. The company operates its business across the globe using these nine product categories such as knee implants, sports medicine joint repair, hip implants, arthroscopic enabling technologies, trauma & extremities, other surgical businesses, advanced wound care, advanced wound bioactives, and advanced wound devices. The product offered by the company comes under the trauma and extremities product category.

Smith & Nephew has a presence in more than 100 countries across Africa, Americas, Asia, Australasia, Europe, and Middle East.

  • Side effects of the ENT packing products and lack of trained otolaryngologists may hinder the growth of the market.
  • Many companies are increasingly focusing on technological advancement of devices in order to strengthen their product portfolios in the ear and nasal packing market.

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