Sinus Dilation Devices Market By Product Type (Balloon Sinus Dilation Devices, Sinus Implants, Sinuscopes, Rhinoscopes, Functional Endoscopic Sinus Surgery (FESS) Instruments), By End-User Type (Hospitals, Clinics, Ambulatory Surgical Centers) – Growth, Future Prospects, and Competitive Analysis, 2018 - 2026

The global sinus dilation devices market held US$ 1,484.7 Mn in 2017 and expected to grow at compound annual growth rate (CAGR) of 8.8% during the forecast period from 2018 to 2026. The global sinus dilation devices market is majorly driven by growing prevalence of chronic sinusitis and incidences of acute sinusitis. For instance, Sinusitis affects one is seven adult in the U.S. and diagnosed in 31 million patients each year. According to U.S. national survey 2013, chronic rhinosinusitis is estimated to affect 12.5% to 15.5% of the total U.S. population. Thus growing prevalence of sinusitis is driving the market growth of sinus dilation devices. The patients and medical practitioners are opting for minimally invasive surgical procedures. This has certainly led to product innovations and technological advancements in the sinus surgeries and sinus dilation devices. Sinusitis drugs are the first line of treatment for sinus infections, hence it acts as a barrier for sinus dilation devices market. However, with the advent of minimally invasive surgeries, there is a growing preference for these surgeries for chronic sinusitis due to easy recovery, lower hospitalization cost and long term treatment, thereby assisting the growth of the market. Developed countries have a higher market share in the sinus dilation devices market due to better availability of the devices, efficient reimbursement scenario and advanced healthcare facilities. However, developing regions such as Asia Pacific and Latin America is poised to grow during the forecast period owing to growing awareness, high incidence of sinusitis due to growing environmental pollution in countries like India and China, and developing healthcare infrastructure will drive the market. 

Market Synopsis

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"Balloon Sinus Dilation Devices to Drive the Sinus Dilation Devices Market"

In 2017, balloon sinus dilation devices held the lion’s share in the global sinus dilation devices market. The higher adoption of the device is attributed to its minimal invasiveness, higher efficiency and flexibility during surgical procedure. Growing procedure of balloon sinuplasty will further augment the growth of the segment during the forecast period. Sinus implants and functional endoscopic sinus surgery (FESS) instrument are projected to exhibit significant growth during the forecast period. Device integration for enhanced surgical outcomes will be the focus of the manufacturers, thereby driving the market. 

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Historical & Forecast Period

This research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segments calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

Sinus dilation devices market report furnishes quantitative analysis along with its latest market trends. The market is segmented based on product type, end-user type, and geography.

Market is studied in order to understand the current dynamics and future trends in the global sinus dilation devices market. The study includes market size and forecast for all considered segments presented in the report for the period from 2016 to 2026, along with respective compound annual growth rate (CAGRs) for the forecast period from 2018 to 2026, considering 2017 as the base year. The key players currently engaged in sinus dilation devices market include Medtronic Plc, Smith & Nephew Plc, Acclarent, Inc., Olympus Corporation, SinuSys Corporation, and Entellus Medical among others.

Key questions answered in this report

• How the global sinus dilation devices market will perform during the forecast period from 2018 to 2026?
• What are the latest trends in the sinus dilation devices market and valuable opportunities for key players?
• Who are the leading players in the global sinus dilation devices market?
• Which is the leading/and fastest region in the global sinus dilation devices market?
• What are drivers and restrains governing the global sinus dilation devices market?
• What are technological advancements in the global sinus dilation devices market?