Septoplasty Market

Septoplasty Market - Global Industry Analysis 2016 - 2020 and Opportunity Assessment 2021 - 2031

Introduction

Septoplasty is a surgical technique for bone and cartilage straightening that separates the region between two nostrils (septum). When the septum is crooked, it's known as a deviated septum.

Some people are born with a deviated septum, but an injury to their nose may also cause it. There is one nasal passage in most persons with a deviated septum that is much narrower than the other. This can cause breathing problems. Frequent nosebleeds and facial pain can be other signs of a deviated septum. Surgery is the only way for a deviated septum to be replaced.

Septoplasty is one of the most common procedures in the United States for the ear, nose, and throat (ENT).

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Septoplasty Market: Drivers and Restraints

The Septoplasty market growth is primarily driven by technological advancement in septoplasty producers. For instances, on sept, 2019, Dr. Aaron Rogers and Specialized Ear Nose & Throat Associates, a leading medical practice in Otolaryngology located in Atlanta, announced more advance techniques in nasal surgery based in the office. New techniques allow a broad range of corrective nasal surgery to be performed with only limited recovery in the office now. On the other hand, increase with the advent of technologically advanced treatment methods, such as 3D computer assisted techniques, is expected to drive the growth of septoplasty market. Besides, it is expected that increased understanding of facial aesthetics and physical grooming will fuel market development.

Further, increasing prevalence of empty nose syndrome is expected to boost the demand for septoplasty. According to American Society of Plastic Surgeons, up to 80 percent of Americans estimate that the septum, the bone and cartilage that runs up and down the middle of the nose, is off-centered.

However, risk associated with septoplasty such as excessive bleeding, poor healing of incisions and many others are expected to hamper the growth of septoplasty market.

COVID-19 which, originated in the city of Wuhan, Mainland China, has spread aggressively to evolve into a global pandemic involving more than 170 countries. This pandemic has affected lives across the economic, social and political sphere. Treating COVID-19 infected patients is the primary focus of doctors and physicians alike at the moment, as this infection has no available cure.

A breakthrough at this moment have negatively impact on septoplasty manufacturers due to decrease patient pool thereby hampering the growth of septoplasty procedures.

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Septoplasty Market: Segmentation

The global Septoplasty market is segmented on the basis of indication type, based on technique, end user and region.

Based on Indication Type, the Septoplasty market is segmented as:

  • Deviated Nasal Septum
  • Correction of Cleft Defects
  • Enlarged Turbinates
  • Others

Based on Technique, the Septoplasty market is segmented as:

  • Closed Septoplasty
  • Open Septoplasty

Based on End User, the Septoplasty market is segmented as:

  • Hospitals
  • Ambulatory Surgical Centers
  • ENT (Ear, Nose, And Throat Specialists)
  • Others

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Septoplasty Market: Overview

Based on the indication, deviated nasal septum is expected to increase the demand for septoplasty. This is due to for some people it is present at birth and other factors such as caused by an injury which include playing contact sports, not wearing seat belt while riding in a motorized vehicle and many others.

Based on the technique, the open septoplasty market is expected to show a robust growth over the market forecast, due to more precise diagnosis of septal deviation, improved visualization of the contributing factors, avoidance of mucosal tears, and visualization of the surgical fields for residents and operating room personnel are the benefits of using an open septoplasty technique.

Based on end user, the hospital segment is expected to hold the major share in terms of revenue during the market forecast, this is due to in most cases, either a hospital or surgical center conducts the procedure as an outpatient also quality health care is offered.

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Septoplasty Market: Regional Overview

Globally the Septoplasty market is segmented into seven key regions viz. North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East & Africa. North America is expected to be the prominent market followed by Europe for Septoplasty. This is due to the use of advanced technology, combined with growing customer perception of physical appearance, is projected to drive the growth of the market. For instance, according to the American Society of Plastic Surgeons (ASPS), in 2017, the U.S. topped the list of countries with the world's highest number of cosmetic surgeons.

Asia pacific is likely to witness the fastest growth during forecast period, due to the availability of low cost of procedures and improvements in healthcare facilities, attributed to growing disposable income coupled with medical tourism. China is among the top three countries to have the highest number of cosmetic surgeons, which is around 6.4 percent of the total number of cosmetic surgeons in the world, according to the International Society of Esthetic Plastic Surgery.

Due to the affordability of medical services, the Middle East and Africa are expected to witness lucrative growth over the projected period, due to growing medical tourism.

Septoplasty Market: Key Players

Some examples of major key player operating at the global level for Septoplasty are

  • Medtronic plc.
  • Intersect ENT Inc.
  • Acclarent Inc.
  • Olympus Corporation Smith & Nephew plc
  • Entellus Medical Inc.
  • dalENT Medical
  • Jilin Coronado Medical Ltd.
  • InAccel

These key players are focusing on increasing product portfolios by mergers and acquisitions for the improvement of products and for the improvement of their manufacturing capability.

The research report on Septoplasty market presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report on Septoplasty market provides analysis and information according to market segments such as geographies, indication, and industry.

The report covers exhaust analysis on Septoplasty Market:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Report on Septoplasty Market includes regional analysis:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, Italy, France, U.K, Spain, Russia)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, ASEAN)
  • Oceania (Australia, New Zealand)
  • Middle East and Africa (GCC Countries, South Africa, Northern Africa)

The report on Septoplasty market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report on Septoplasty Market highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

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