The global nasal irrigation devices market size is expected to reach US$ 920.17 million by 2028, registering at a CAGR of 18.1% from 2022 to 2028, according to a new research study conducted by The Insight Partners.
Nasal irrigation is a traditional practice used for the cleaning of nasal passage with the help of saline and distilled water using any device such as Neti pot, squeeze bottle, and electric nasal irrigators. These devices have specially designed nozzle which helps in the efficient and effective cleaning of the nasal passage which further helps in the treatment and prevention of upper respiratory tract diseases.
North America accounts for a significant share of the nasal irrigation devices market. The market growth in this region is attributed to factors such as the rise in per capita expenditure on healthcare and technological advancements, growing practice of nasal cavity washing, increasing prevalence of sinus, presence of key market players, and extensive R&D conducted by various academic and research institutes. RhinoSystems, Inc.; Stryker; and SinuPulse are among the key players contributing to the North America nasal irrigation devices market. In addition, extensive research conducted by pharmaceutical and biotechnology companies is further expected to stimulate the growth of the nasal irrigation devices market in North America in the coming years.
Nasal irrigation is a process of cleaning the nasal cavity by using irrigation devices, which helps in the removal of debris, mucus, and allergens. Over the past few years, there has been significant growth in the cases of allergies and infectious diseases affecting the upper respiratory tract. There has been a significant surge in sinusitis, rhinitis, bronchiolitis, and other post-operative conditions, which require nasal irrigation for a speedy recovery; further inflammation and bacterial deposition may worsen the conditions. According to a report by the Sinus & Allergy Wellness Center, sinusitis affects 30 million adults annually in the US; ~11.6% of American adults were diagnosed with sinusitis in 2020. Therefore, the increasing prevalence of sinusitis has affected the activities of an individual, aiding the demand for nasal irrigation and driving the nasal irrigation devices market. A surge in the prevalence of upper respiratory tract infections amid rapid-paced industrialization and elevating pollution levels is also fueling the demand for nasal irrigation devices. With a rise in pollution, allergens and pollutants present in air may cause nasal passage blockage, and the excessive deposition of such chemicals or substances can further lead to sinusitis and other nasal problems.
Impact of COVID-19 Pandemic on Nasal Irrigation Devices Market:
The COVID-19 outbreak resulted in dramatic reductions in non-urgent medical services. The COVID-19 outbreak resulted in dramatic reductions in non-urgent medical services, especially in 2020. From 2020 to mid-2021, different countries-imposed lockdowns, which was of the key factors that contributed to delays in hospital visits during this period. Procedures performed at hospitals reduced drastically, along with a decrease in patient visits for regular health checkups. Moreover, healthcare professionals and patients opted for telemedicine for the treatment of minor ailments. Healthcare providers suggested the use of nasal irrigators to relieve nasal congestion among COVID-19 patients; moreover, it helps in their speedy recovery. Developing countries, such as India, reported a significant increase in the adoption of nasal irrigation devices. In addition, various organizations are working on the development of various innovative nasal irrigation devices. Thus, the COVID-19 pandemic has favored the growth of the nasal irrigation devices market
The companies listed above are implementing various strategies that have resulted in the growth of the company and in turn, have brought about various changes in the worldwide market. Additionally, the companies have adopted several inorganic and organic strategies for accelerating their growth and improving their market position.
Below is the list of the growth strategies done by the players operating in the nasal irrigation devices market:
Year | News |
May-2022 | Medtronic announced that it had 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 postoperative outcomes and treat nasal polyps. Intersect ENT’s product lines and customer base will further Medtronic’s efforts to positively impact patients suffering from chronic rhinosinusitis (CRS). |
Nov-2021 | NeilMed Phamaceuticals Inc. announced that it has started a significant expansion of its Sonoma County production facilities as sales are expanding, particularly outside the country. |