The global market for sinus dilation devices was worth US$ 1,484.7 million in 2017 and is expected to grow at an 8.8% compound annual growth rate (CAGR) from 2018 to 2026. The global sinus dilation devices market is majorly driven by the growing prevalence of chronic sinusitis and incidences of acute sinusitis. For instance, sinusitis affects one in seven adults in the U.S. and is diagnosed in 31 million patients each year. According to the U.S. national survey 2013, chronic rhinosinusitis is estimated to affect 12.5%–15.5% of the total U.S. population.
Thus, the growing prevalence of sinusitis is driving the market growth of sinus dilation devices. Patients and medical practitioners are opting for minimally invasive surgical procedures. This has certainly led to product innovations and technological advancements in sinus surgeries and sinus dilation devices. Sinusitis drugs are the first line of treatment for sinus infections; hence, they act as a barrier to the market for sinus dilation devices. 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 costs, 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, an efficient reimbursement scenario, and advanced healthcare facilities. However, developing regions such as Asia Pacific and Latin America are poised to grow during the forecast period owing to growing awareness, a high incidence of sinusitis due to growing environmental pollution in countries like India and China, and developing healthcare infrastructure, which will drive the market.
Market Synopsis
The Sinus Dilation Devices Market Will Be Driven by Balloon Sinus Dilation Devices
In 2017, balloon sinus dilation devices held the lion’s share of the global market for sinus dilation devices. The higher adoption of the device is attributed to its minimal invasiveness, higher efficiency, and flexibility during surgical procedures. The 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) instruments 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.
Periods of History and Forecast
This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments was calculated for the forecast period from 2018 to 2026.
Report Scope by Segments
The 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.
The 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 rates (CAGRs) for the forecast period from 2018 to 2026, considering 2017 as the base year. The key players currently engaged in the 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 will the global sinus dilation devices market 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 the drivers and restraints governing the global sinus dilation devices market?
What are the technological advancements in the global market for sinus dilation devices?
Frequently Asked Question:
The market for Sinus Dilation Devices Market is expected to reach USD$ 1,484.7 Mn in 2026.
The Sinus Dilation Devices Market is expected to see significant CAGR growth over the coming years, at 8.8%.
The report is forecasted from 2018 -2026.
The base year of this report is 2017.
Medtronic Plc, Smith & Nephew Plc, Acclarent, Inc., Olympus Corporation, SinuSys Corporation, and Entellus Medical. are some of the major players in the global market.
