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Internal nasal dilators are adhesion strips that are placed inside the nose to widen the nasal valves and improve breathing. These strips are increasingly adopted by athletes and others looking to increase airflow during exercise. The strips adhere to the inside of the nose without the need for surgery or anesthesia, providing a convenient option for improving nasal breathing. Users report benefits like increased oxygen intake, lowered respiratory effort, and decreased mouth breathing.
The global internal nasal dilator market has seen rising demand as more people seek natural solutions for congestion or breathing issues. These dilator strips are non-invasive, easy to apply, and provide relief within minutes. Their adoption is driven by the minimal risk and hassle compared to other treatments. The global Internal Nasal Dilators Market is estimated to be valued at US$ 10.11 Billion in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The internal nasal dilator market is expected to grow steadily due to ongoing innovation. New product designs incorporate improved adhesion and gentler materials that contour more comfortably to the nasal passages. Collagen-based hydrogel strips are gaining popularity for their natural feel. Technology advancements also allow for custom-fitted options made through 3D printing. As awareness increases of the role nasal congestion plays in various conditions, demand for these treatment aids will continue rising over the forecast period. Their low-risk profile makes dilator strips an appealing first-line solution worth consideration before more invasive options.
Porter’s Analysis
Threat of new entrants: Low. Internal nasal dilators market requires significant investment in R&D and manufacturing facilities to produce medical-grade dilators. Established players have strong brand awareness and distribution networks.
Bargaining power of buyers: High. Buyers have considerable influence due to a large number of established suppliers and purchasers of internal nasal dilators. Buyers can negotiate on price and quality.
Bargaining power of suppliers: Low. Presence of numerous component suppliers keeps prices of key materials and components in check. Suppliers do not have significant influence on players manufacturing internal nasal dilators.
Threat of new substitutes: Low. There are limited substitutes for internal nasal dilators which are primarily used for breathing issues. New substitutes require extensive clinical validation before market adoption.
Competitive rivalry: High. The market is fragmented with numerous global and regional players. Players compete based on product design, pricing, and marketing. Technological advancements lead to faster product upgrades.
Key Takeaways
The global Internal Nasal Dilators market is expected to witness high growth over the forecast period. Regionally, North America is expected to dominate the market during the forecast period. The Asia Pacific internal nasal dilators market is anticipated to show the fastest growth rate over the forecast period.
Key players operating in the internal nasal dilators market are Becton, Dickinson and Company, Gerresheimer AG, Sharps Technology, Inc., Cardinal Health, lomMedical, MHC Medical Products, LLC, Sol-Millennium, UltiMed Inc., VOGT MEDICAL, Retractable Technologies, Inc., Dmcmedical, BIOCORP, Hindustan Syringes & Medical Devices Ltd, Owen Mumford Ltd., B. Braun SE, Terumo Europe NV, Smiths Group plc, Merit Medical Systems, Nipro Corporation, GPC Medical Ltd., AdvaCare Pharma. Growing technological advancements are prompting established players to constantly upgrade their product portfolio.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
