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 size. 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 dilation, or balloon sinuplasty, represents a minimally invasive procedure for opening blocked sinus passages, allowing adequate airflow, and restoring natural drainage. It depends on various implantable devices to enhance the patency of sinus openings, administer local medication, reduce postoperative inflammation, etc. Sinus dilation devices aid in quick recovery, and they are preferred over conventional sinus devices to treat chronic rhinosinusitis (CRS) refractory across the globe. Additionally, they can be combined with other techniques for patients with major inflammation in the ethmoid or other sinuses. Presently, numerous devices integrated with microsensors also determine device position during surgeries.
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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 rising incidences of nasal polyps, allergic rhinitis, deviated septum, facial bone abnormalities, cleft palate, swollen adenoids, etc., are driving the sinus dilation devices market. Furthermore, the growing risk among children of developing acute bronchitis is leading to the elevating concerns of parents regarding their children’s health, thereby propelling the demand for sinus dilation surgeries. In addition to this, the escalating number of patients with tumors, diabetes, ciliary dyskinesia, Kartagener syndrome, cystic fibrosis, human immunodeficiency virus (HIV) infection, etc., is further catalyzing the market growth. Moreover, the shifting preferences towards minimally invasive surgeries (MIS) over conventional open surgeries are also augmenting the global market. Apart from this, the expanding geriatric population, the improving healthcare infrastructures, and the introduction of novel product variants, are expected to fuel the sinus dilation devices market over the forecasted period.
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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