About Epistaxis
Epistaxis is a common occurrence of bleeding through the nose due to the bursting of a blood vessel within the nose. It can be caused by internal injury, trauma or hypertension and extreme weather conditions. This health problem is being observed among children and adults. Innovation in epistaxis is providing better treatment to patients and giving great results. International trade barriers can be a reason to minimize the growth of this market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Epistaxis is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Epistaxis market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Teleflex Inc. (United States), Stryker Corp. (United States), Medtronic (Ireland), Pfizer (United States), GlaxoSmithKline (United Kingdom), Entellus Medical, Inc. (United States), Smith & Nephew (United Kingdom), Ferring B.V (Switzerland) and King Pharmaceutical Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Medline Industries Inc. (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Epistaxis market by Type (Vasoconstrictors, Anesthetics, Antibiotic Ointments, Cauterizing Agents and Others), Application (Anterior Epistaxis and Posterior Epistaxis) and Region.
On the basis of geography, the market of Epistaxis has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Treatment, the sub-segment i.e. Medication will boost the Epistaxis market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Hospitals will boost the Epistaxis market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Variety of Biomaterials have been Introduced in FESS Nasal Packing to Provide Comfortable treatment
Market Growth Drivers:
Increasing Hypertension in People is the Main Cause of Epistaxis and Extreme Weather conditions leading to cracks in the Nose Lining
Challenges:
Increase in Cost of Production of Medication and Devices to treat Epistaxis
Restraints:
International Trade Barriers due to numerous Side Effects Associated with Epistaxis Market Product
Opportunities:
Innovation in Epistaxis Treatment is Improving Performance and result
Market Leaders and their expansionary development strategies
In May 2022, Medtronic plc, a global leader in healthcare technology, announced that it has completed the acquisition of Intersect ENT, expanding the company's comprehensive ear, nose, and throat (ENT) portfolio with innovative products used in sinus procedures to improve post-operative outcomes and to treat nasal polyps.
In December 2023, Medtronic Private Limited, announced the launch of the Symplicity Spyral renal denervation system (RDN) for treating high blood pressure. RDN is a minimally invasive therapy that targets nerves near the kidneys that can become overactive and cause high blood pressure. Medtronic recently announced the US Food and Drug Administration’s (FDA) approval of the system which is a culmination of ten years of clinical research and development, and the system has approval of the Indian regulatory authorities too.
Key Target Audience
Epistaxis Manufacturers, Epistaxis Distributors and Suppliers, Epistaxis International Traders, Industry Associations, Research and Development Institutes, Hospitals and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.