Internal Nasal Dilators Market Is Estimated To Witness High Growth Owing To Increasing Prevalence Of Nasal Congestion
SWOT Analysis
Strength: Internal nasal dilators offer an non-invasive solution for nasal breathing issues. They provide a mechanical action to widen the nasal passages without drugs or surgery. They are easy and quick to use and lightweight.
Weakness: Overuse or improper use of nasal dilators can cause short term irritation, bruising or redness inside the nose. Some people do not find them comfortable for extended wear.
Opportunity: The growing popularity of nasal breathing exercises provides an opportunity to increase awareness and sales of internal nasal dilators. Rising air pollution levels worldwide is increasing nasal problems, offering a potential market.
Threats: Alternative options like nasal strips, drugs and surgeries pose competition. Negative publicity over side effects can affect brand reputation and sales.
Key Takeaways
The Global Internal Nasal Dilators Market Size is expected to witness high growth, exhibiting CAGR of 7.4% over the forecast period, due to increasing incidence of nasal congestion issues. Lack of effective long term drug treatments and non-invasive nature of nasal dilators is driving their adoption.
Regional analysis: North America currently dominates the internal nasal dilators market, accounting for over 35% share. This is attributed to growing awareness about breathing therapies and supportive reimbursement structure. Asia Pacific is expected to be the fastest growing market owing to rising pollution levels and growing medical tourism in the region.
Key players analysis: Key players operating in the internal nasal dilators market include 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 increasing geographical presence to strengthen their market share.
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