Global External Nasal Dilator Market 2019-2023 | 5% CAGR Projection Over the Next Five Years | Technavio
LONDON--(BUSINESS WIRE)--May 28, 2019--
The global external nasal dilator market is expected to post a CAGR of more than 5% during the period 2019-2023, according to the latest market research report by Technavio.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190528005413/en/
Technavio has published a new market research report on the global external nasal dilator market from 2019-2023. (Graphic: Business Wire)
A key factor driving the growth of the global external nasal dilator market is increasing air pollution. Air pollution causes a wide range of health problems, including the increased risk of obstructed breathing leading to disorders such as sleep apnea. Air pollution can also lead to sleep-disordered breathing, which can increase the risk of cardiovascular diseases. Furthermore, there is an increase in premature deaths resulting from the rapid rise in greenhouse gases, which is leading to faster warming of land. Therefore, rising concerns about the growing air pollution across the globe will contribute to the growth of the external nasal dilator market during the forecast period.
As per Technavio, the prevalence of chronic nasal congestion causing sinusitis will have a positive impact on the market and contribute to its significant growth over the forecast period. This global external nasal dilator market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over the forecast period.
Global external nasal dilator market: Prevalence of chronic nasal congestion causing sinusitis
Nasal congestion is often caused by components that irritate or inflame the nasal tissues. Several potential causes of nasal congestion are acute sinusitis, chronic sinusitis, common cold, flu, and allergies. Chronic nasal congestion causes the inflammation of the lining of the nose producing a sensation of stuffiness and discomfort. Young and middle-aged adults are increasingly suffering from chronic sinusitis. As a result, growing awareness about the prevention of such acute conditions will lead to an increase in the demand for external nasal dilators. Nasal dilators are a suitable solution for consumers as they are non-medicated and hence carry no side-effects. Nasal strips are also useful for people with chronic or acute nasal blockage.
“The growing instances of chronic nasal congestion leading to sinusitis across the developed and advancing economies are largely contributing to the increase in demand for external nasal dilators. Moreover, the availability of these products on all popular online websites as an OTC device will further boost market growth,” says a senior research analyst at Technavio.
Global external nasal dilator market: Segmentation analysis
This market research report segments the global external nasal dilator market by end-user (adults, and pediatrics), application (nasal congestion, snoring, and others) and geographic regions (North America, Europe, Asia, and ROW).
The North America region led the market in 2018, followed by Europe, Asia, and ROW, respectively. The high market share of North America can be attributed to several factors such as the high prevalence of chronic sinusitis, presence of established vendors, and growing awareness about the advantages of external nasal dilators in the US.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Five Forces Analysis
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190528005413/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES
SOURCE: Technavio Research
Copyright Business Wire 2019.
PUB: 05/28/2019 09:30 AM/DISC: 05/28/2019 09:30 AM