Sinus Dilation Devices Market: In-depth Insights, Revenue Details, Regional Analysis by 2030
Sinus Dilation Devices Market
Market Highlights
Sinus is also called as chronic rhinosinusitis, it is a
condition in which cavities around nasal known as (sinuses) get inflamed and
swollen for weeks. The people suffering from sinus may have symptoms such as
nasal block, tenderness, swelling of the face, sore throat, nausea, fatigue or
irritability, and pain in jaw and teeth.
The Sinus
Dilation Devices Market is expected to witness tremendous growth owing to
the rising demand for balloon sinuplasty or sinus dilation compare to
conventional sinus surgeries, rising cases of bacterial infection and
increasing adoption of sinus dilation devices for sinusitis. The sinus dilation
devices market was estimated at USD 3,326 million in 2016 and expected to reach
USD 5,778 million by 2023 at a CAGR of 8.1% from 2017 to 2023.
However, factors such as risks associated with the sinus
surgery, low adoption of new advance devices related to sinus treatment may
hinder the market growth during the forecast period.
Key Players
Some of the key players in the global sinus dilation devices
market are Sklar Surgical Instruments (US), Accurate Surgical & Scientific
Instruments(USA), Bausch & Lomb Incorporated (US), Entellus Medical Inc. (a
subsidiary of Stryker) (US), Acclarent Inc. (a subsidiary of Johnson &
Johnson) (US), Medtronic plc (Ireland), Smith & Nephew plc (UK), Intersect
ENT Inc. (US), Olympus Corporation (Japan), Meril Life, Sciences Pvt. Ltd.
(India), SinuSys Corporation (US), Jilin Coronado Medical Ltd. (China), and
others.
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Segmentation
The Global Sinus Dilation Devices Market is segmented on the
basis of product, procedure, by patient type and end-user. The sinus dilation
devices market, by product, is segmented into sinus stents, balloon dilation,
endoscope, functional endoscopic sinus surgery (FESS) instruments set, and
handheld instruments. The endoscope is sub-segmented into rhinoscopy and
sinoscopy.
By procedure, the market is segmented into hybrid sinus
dilation procedure, standalone sinus dilation procedures, and others.
On the basis of patient type, the market is segmented into
pediatric and adults.
On the basis of end-user, the market is segmented into
hospitals, ENT clinics, diagnostic centers, research centers, and others.
Regional Analysis
The Americas leads in the market owing to the increasing
prevalence of rising incidence of bacterial infection, increasing research
& development in sinus dilation devices and growing healthcare expenditure.
According to the Centers for Disease Control and Prevention March 2017, data
11.0% of adults were diagnosed with sinusitis in the US. The increasing
incidences of sinusitis support the sinus dilation devices market positively.
Europe is the second largest sinus dilation devices market
during the forecast period. The increase in the prevalence of chronic sinus and
increasing expenditure for sinus treatment may support the market growth.
According to the National Center for Biotechnology Information 2017, the
occurrence of chronic sinusitis in Europe and North America has been projected
to be between 6% and 11%. It was also reported that around two-thirds of
patients getting secondary care chronic sinusitis have nasal polyps. The
increasing prevalence of chronic sinus supports the market growth in this
region.
Asia-Pacific was estimated to be the fastest growing region
for the global sinus dilation devices market in 2017. The market is expected to
witness high growth owing to the rising prevalence of demand for sinus dilation
over conventional sinus surgeries and increasing advance technology.
The Middle East and Africa holds the lowest share for sinus
dilation devices market. However, the rising health care awareness programmers
and availability of healthcare facilities are expected to influence the market
in a positive way.
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