Sinus Dilation Devices Market Estimated to Reach US$ 4.9 Billion Globally By 2027
According to IMARC Group latest report titled “Sinus Dilation Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on sinus dilation devices market trends. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global sinus dilation devices market reached a value of US$ 2.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.9 Billion by 2027, exhibiting a CAGR of 8.8% during 2022-2027.
Sinus is a common medical condition that causes inflammation or swelling of the tissues lining the sinuses. Sinus dilation devices aid the expansion of the opening of the nose during sinus surgeries. In addition, they are used in treating the drainage problem associated with nasal sinuses. Sinus dilation devices consist of endoscopes, handheld devices, balloon sinuplasty systems, and sinus stents, which also help visualize and support the procedures involved in the treatment of sinusitis. In recent years, sinus dilation devices have gained traction across healthcare organizations to treat chronic rhinosinusitis (CRS) refractory over traditional sinus devices.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Trends:
The market is primarily driven by the growing prevalence of chronic sinusitis and sinus-related diseases among individuals suffering from nasal polyps, nasotracheal tubes, allergic rhinitis, deviated septum, and facial bone abnormalities. Besides this, the rising instances of diabetes, cystic fibrosis, Kartagener syndrome, and HIV infections are also significantly contributing to the market growth. Moreover, the increasing preference for minimally invasive (MI) procedures, such as balloon sinuplasty and sinus dilation, is escalating the demand for sinus dilation devices over conventional sinus surgeries. In addition to this, insurance organizations are offering favorable reimbursements for sinus procedures, especially in developed countries. Furthermore, the development of advanced surgical techniques, such as surgical laser technology, which ensure minimal ablation and exhibit fewer side effects, is also positively influencing the growth of the market. Moreover, manufacturers are introducing devices that are integrated with microsensors, which help determine device position during surgeries.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Aetna Inc. (CVS Health Corporation)
- Dalent Medical
- Innaccel Technologies Pvt. Ltd
- Intersect ENT Inc.
- Johnson & Johnson
- Karl Storz SE & Co. KG
- Medtronic plc
- Meril Life Sciences Pvt. Ltd
- Olympus Corporation
- Sinusys Corporation
- Smith & Nephew plc
- Stryker Corporation
Sinus Dilation Devices Market Segmentation:
Our report has categorized the market based on region, product, procedure, patient type and end use industry.
Breakup by Product:
- Balloon Sinus Dilation Devices
- Sinus Implants
- Handheld Instruments
- Endoscopes
- Others
Breakup by Procedure:
- Standalone
- Hybrid
Breakup by Patient Type:
- Adult
- Pediatric
Breakup by End User:
- Hospitals
- Ambulatory Surgical Centers
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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Published Mon, 25 Apr 2022 23:52:40 -0500
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