Owing to benefits such as minimally invasive nature, safe and effective results in patients with chronic rhinosinusitis, lower complication rates, quicker recovery time, as opposed to conventional sinus surgery, sinus dilation devices are experiencing rapid adoption, thus fostering progress in global sinus dilation devices market.
Covid-19 Impact & Market Status
The pandemic has disrupted several markets across the world including global sinus dilation market. The medical device manufacturers along with the sinus dilation devices manufacturers have faced number of challenges in past several months. The burden on medical device manufacturers is increasing but the firms are facing difficulties in managing it due to the disruption in supply and demand side resulting from dearth of raw material, labor shortages, supply chain, and regulatory obligations, and other factors. Additionally, medical devices along with those developed for sinus dilation undergo several trails both pre- and post-market. As healthcare operators are taking extensive efforts to curb covid-19 spread, it has been difficult for the global sinus dilation devices market players to continue with their clinical trials and launch products. However, market fortification strategies, and other measures taken by the globalized economy in response to this crisis could result in the rapid growth of global sinus dilation devices market.
The global Sinus Dilation Devices market is expected to develop USD 4.6 billion by 2028, at a compound annual increase in price (CAGR) of 11.0% throughout the forecast period.
This report on global sinus dilation devices market gives a brief overview of the market covering the financial information of the global sinus dilation devices market, competitive landscape, current market status, fortification strategies during covid-19, market risks, investment opportunities and other significant market factors.
Sinus Balloon Devices is the Most Attractive Segment
The global Sinus Dilation Devices market is classified into sinus balloon devices (flexible guidewire, malleable rail), rhinoscopy, sinoscope, and sinus stents on the basis of device type. Among these, the sinus balloon devices (flexible guidewire, malleable rail segment accounted for highest revenue in global Sinus Dilation Devices market and is poised for substantial growth in forecast span. The safety features in case of accidental over-inflation, quicker recovery, minimally invasive, and reduced symptoms from clogged and painful sinuses post-operation are the key factors attracting patients to undergo sinus surgery with sinus balloon devices.
Adult Segment to Remain Atop
The global Sinus Dilation Devices market is classified into adult, children, geriatric, and young on the basis of patient type. Among these, the adult segment held the largest market revenue because the adult age group population suffering from Sinusitis in 2020 found to be undergone sinus surgery with modern sinus dilation devices.
ENT Clinics to Ensure Revenue Maximization
The global Sinus Dilation Devices market is classified into hospital, outpatient clinic, and ENT clinics on the basis of care setting. Among these, the ENT clinics witnessed substantial market growth and held largest market share of global Sinus Dilation Devices market. Sinoplasty is performed by ENT specialists as its needs intraoperative accuracy to prevent from further complications like bleeding, infections, etc. The rising occurrence of sinus related diseases and patients preferring ENT specialists to operate on the same is driving growth of ENT clinics in global Sinus Dilation Devices market.
North American Region to Emerge as the Biggest Growth Spot
Based on regional performance and segmentation, the North American region is likely to garner the lion's share of revenues of global Sinus Dilation Devices market in the forecast years. This is evident from the rapid growth of prominent healthcare providers and healthcare operative device manufacturers like Entellus Medical, SinuSys, Intersect ENT, and others across US and Canada. Additionally, nursing, allied health, interprofessional team interventions, enhanced healthcare outcomes are the key factors for growth of North America in global Sinus Dilation Devices market.
Additionally, technological developments owing to dominance of several research initiatives, commercial mergers of research institutes with leading companies, besides corporate M&A agreements are clearly improving growth feasibility in the region. Following suit the European market is also emerging as a lucrative region based on similar market dynamics. Moreover, in the forecast years, the Asia Pacific region is also likely to emerge as a significant region backed by intense developments across emerging countries such as China and India. Funding by PE (private equity) investors, reduction in usage of conventional sinus dilation devices, competitive advantage for domestic players in Indian and Chinese markets is driving growth of the countries in APAC region.
The need for efficient and minimally invasive tool to bring significant improvements in patient symptoms and quality of life, have accentuated the reliance on technologically innovative sinus dilation devices.
Advantages such as minimally invasive sinus surgery, excellent outcomes, reduction hospital stay, recovery time, post-operative debridements, post-operative medications, and office follow-up visits due to use of technologically innovative sinus dilation devices encourage further adoption.
Sinus dilation is the process to ease up clogged sinus tracts to ensure easy breathing without any tissue and bone removal.
The sinus dilations devices used in modern days are innovative tools uniquely designed to carry out safe and effective procedure for the treatment of chronic rhinosinusitis. The sinus dilation devices are minimally invasive in nature, reduce operative time, undergo quicker recovery, and have lower complication rates. Sinus dilation devices are therefore extensively used for the treatment of rhinosinusitis.
Factors such as growing preference for minimally invasive procedures, quicker recovery from balloon sinus dilation comparable to traditional sinus surgeries have propelled the growth of global sinus dilation devices market.
However, possible complications of sinus dilation such as bleeding, damaged eye or vision, brain injury, brain fluid leak or infection or high costs unaffordable for middle income groups are hampering the global sinus dilation devices market. Furthermore, the reduced scarring and inflammation from sinus stents/implants, quicker recovery, increasing medical tourism, and growing prevalence of sinus related diseases is anticipated to be growth opportunity to the global sinus dilation devices market.
The major players in global Sinus Dilation Devices market are Entellus Medical, Medtronic, Olympus, dalENT Medical, Jilin Coronado Medical, InAccel, SinuSys, Intersect ENT, Meril Life Sciences, Smith & Nephew, and Acclarent among others. They have expanded beyond boundaries and are serving international markets. The manufacturers in the global sinus dilation devices market are investing aggressively to ensure global reach and ample consumer satisfaction.
Latest Innovations in the Global Sinus Dilation Devices Market: a Snapshot
- In July 2021, latest sinus dilation system named VenSure has been released by Intersect ENT along with Cube 4D navigation. The products would be available all across the US initially before being available commercially globally. These products are designed to improve CRS conditions.
Sinus Dilation Devices Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 4.6 billion|
|Growth Rate||CAGR of 11.0 % during 2021-2028|
|Segment Covered||Product, Procedure, By Application, End-use, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Stryker, Smith & Nephew, Olympus Corporation, Medtronic|
Key Segments of the Global Sinus Dilation Devices Market
Type Overview, 2018-2028 (USD Billion)
- Sinus balloon devices (flexible guidewire, malleable rail)
- Sinus Stents
Patient Type Overview, 2018-2028 (USD Billion)
Care Setting Overview, 2018-2028 (USD Billion)
- Outpatient clinic
- ENT office
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa