The global sinus dilation devices market is projected to grow at a CAGR of 8.9% during the forecast period. Increasing prevalence of chronic respiratory disorders such as sinusitis, along with rapid technologically advancements in sinus treatment are factors driving the growth of the market.
Adroit Market Research report on global sinus dilation devices market gives a holistic view of the market from 2018 to 2028, which includes factors such as market drivers, restraints, opportunities and challenges. The market has been studied for historic years from 2018 and 2019, with the base year of estimation as 2020 and forecast from 2021 to 2028. The report covers the current status and future traits of the market at global as well as country level. In addition, the study also assesses the market based on Porter's five forces analysis and positions the key players based on their product portfolio, geographic footprint, strategic initiatives and overall revenue. Prominent players operating in the global sinus dilation devices market have been studied in detail.
Chronic sinusitis and bacteria-caused sinus infections are the most common health problems across the globe. Sinus dilation is one of the most common and safe procedures for treating sinus conditions such as chronic sinusitis. Therapeutic options such as antibiotics, corticosteroids, decongestants, and others are widely available for sinus infections, however, chronic sinusitis patients develop resistance to these medications. This necessitates sinus surgery, which increases demand for sinus dilation devices. Thus, sinus dilation devices are widely being adopted in order to treat patients with chronic sinusitis which is expected to propel the growth of the market in the coming years. Furthermore, increase in preference for minimally invasive treatments will positively boost industry over the next few years.
The global sinus dilation devices market has been segmented based on product, procedure type, patient type, end-users, and region. Based on product, the global sinus dilation devices market is categorized into balloon sinus dilation devices, sinuscopes, rhinoscopes, sinus stents/implants, and handheld instruments. Balloon sinus dilation devices segment held substantial share of the market in 2019. On the basis of procedure type, the global sinus dilation devices market is segmented into standalone and hybrid procedures.
On the basis of patient type, the global sinus dilation devices market is segregated into adult and pediatric. Increase in prevalence of chronic sinusitis in adult population will propel growth of the segment in the coming years. According to Center for Disease Control and Prevention, 11.6% of the adults in the U.S. are living with chronic sinusitis. On the basis of end-users, the global sinus dilation devices market is categorized into hospitals, specialty clinics, and ambulatory surgical centers. Hospitals accounted for majority of the market share in 2019.
North America dominated the global sinus dilation devices market in 2019. High prevalence of chronic sinusitis, along with large number of functional endoscopic sinus surgeries performed in the U.S. and Canada are key factors likely to drive the growth of the market in the next few years. However, Asia Pacific sinus dilation devices market is anticipated to grow at a rapid pace over the forecast period. The region provides huge growth potential prospects due to presence of large target population suffering from inflammatory respiratory disorders in developing countries such as China and India.
Major players operating in the global sinus dilation devices market include Medtronic, Smith and Nephew, Intersect, Inc., Meril Life Sciences Pvt., Ltd., Olympus Corporation, Entellus Medical, Inc., SinuSys Corporation, Acclarent, Inc., Innaccel Pvt., Ltd., Creganna Medical, and Jilin Coronado Medical Apparatus Co., Ltd. among others.
Key Segments of the Global Sinus Dilation Devices Market
Product Overview, 2018-2028 (USD Million)
- Balloon Sinus Dilation Devices
- Sinus Stents/Implants
- Handheld Instruments
Procedure Type Overview, 2018-2028 (USD Million)
Patient Type Overview, 2018-2028 (USD Million)
End-users Overview, 2018-2028 (USD Million)
- Specialty Clinics
- Ambulatory Surgical Centers
Regional Overview, 2018-2028 (USD Million)
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa