Overview and Scope
Sinus dilation devices are medical devices designed to expand or open the sinus passages, promoting better airflow and drainage and reducing symptoms associated with sinus blockage. These devices treat various sinus conditions, such as chronic sinusitis or nasal congestion.
Sizing and Forecast
The sinus dilation devices market size has grown strongly in recent years. It will grow from $2.77 billion in 2023 to $3.02 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to chronic sinusitis prevalence, patient preference for minimally invasive procedures, rising awareness, healthcare expenditure, aging population.
The sinus dilation devices market size is expected to see strong growth in the next few years. It will grow to $4.12 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to increasing cases of chronic rhinosinusitis, preference for outpatient procedures, shift towards value-based healthcare, telemedicine and remote consultations, rise in allergies and environmental factors. Major trends in the forecast period include smart devices and robotics, remote monitoring and follow-ups, hybrid procedures, patient-centric approaches, regulatory advancements.
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Segmentation & Regional Insights
The sinus dilation devices market covered in this report is segmented –
1) By Product: Balloon Sinus Dilation Devices, Endoscopes, Functional Endoscopic Sinus Surgery (FESS) Instruments Set, Sinus Stents or Implants, Other Products
2) By Procedure: Standalone, Hybrid
3) By Application: Adult, Pediatric
4) By End User: Hospitals, ENT Clinics, Other End Users
North America was the largest region in the sinus dilation devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the sinus dilation devices market report during the forecast period. The regions covered in the sinus dilation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The prevalence of chronic sinusitis is driving the sinus dilation devices market going forward. Chronic sinusitis is characterized by inflammation and swelling of the sinuses that persists for an extended period, typically lasting for at least 12 weeks or longer. Sinus dilation devices such as balloon sinuplasty are used to treat chronic sinusitis by opening the blockages in the sinus using a balloon to open the nasal passages and promote better sinus drainage. For instance, in January 2023, according to Frontiers, a US-based open-access journal, the prevalence of chronic sinusitis among Chinese people was 10%, the prevalence among people living in cities was 18%, and the prevalence among people living in rural areas was 27%. Additionally, in February 2023, according to Pulse Notes, a UK-based medical data company, chronic sinusitis affected 10% of the UK population, and chronic sinusitis with nasal polyps was observed in 4%. Therefore, the increasing prevalence of sinusitis is driving the sinus dilation devices market.
Key Industry Players
Major companies operating in the sinus dilation devices market report are Johnson & Johnson Co, Aetna Inc., Medtronic plc, Stryker Corporation, Zimmer Biomet Holdings Inc., Olympus Corporation, Smith & Nephew PLC, Dentsply Sirona Inc., Bausch & Lomb Incorporated, B. Braun Melsungen AG, Nordson MEDICAL Corp, Straumann Group, Cook Medical Inc., Karl Storz GmbH & Co. KG, Meril Life Sciences Pvt. Ltd., Teleflex Incorporated, Nobel BioCare LLC, Richard Wolf GmbH, Acclarent Inc., Intersect ENT Inc., Sklar Corporation, SinuSys Corporation, XION GmbH, Innaccel Technologies Pvt. Ltd, Innovia Medical, Poba Medical
The sinus dilation devices market report table of contents includes:
1. Executive Summary
2. Sinus Dilation Devices Market Characteristics
3. Sinus Dilation Devices Market Trends And Strategies
4. Sinus Dilation Devices Market – Macro Economic Scenario
5. Global Sinus Dilation Devices Market Size and Growth
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32. Global Sinus Dilation Devices Market Competitive Benchmarking
33. Global Sinus Dilation Devices Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Sinus Dilation Devices Market
35. Sinus Dilation Devices Market Future Outlook and Potential Analysis
36. Appendix
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