The global sinus dilation devices market is project to reach USD 4.0 billion by 2026 in terms of volume and the market is projected to showcase 9.1% CAGR during the forecast period.
The market is driven by emergence of advanced technology in healthcare sector drives the need for sinus dilation devices.
Report coverage
Market | Sinus Dilation Devices Market |
Analysis Period | 2018 - 2026 |
Base Year | 2018 |
Forecast Data | 2018 - 2026 |
Segments Covered | By Product, By End-user, By Procedure, By Application and By Geography |
Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled | Olympus Corporation, Smith & Nephew PLC, Acclarent, Inc., Intersect ENT, Inc., Medtronic PLC, Entellus Medical, Inc., and SinuSys Corporation. |
Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Customization Scope | 10 hrs of free customization and expert consultation |
Market Dynamics
The market is driven by increasing occurrence of chronic sinusitis. Furthermore, growing acceptance of slightly invasive procedures due to positive reimbursement scenario is anticipated to increase the market growth. For instance, as per Centers for Disease Control and Prevention in 2017, around 26.9 million adults in the country U.S. were identified with sinusitis that was approximately 11.0% of the adult American population.
Market Insights
Increasing healthcare expenditure in established, as well as emerging, economies is expected to be one of the main factors contributing to the market expansion. Rise in alertness levels regarding Minimally Invasive Surgery (MIS), particularly in emerging regions such as Asia Pacific, is also anticipated to increase the market growth during the forecast period.
Increasing acceptance of MIS in developed, as well as emerging, countries due to the benefits associated with it, for instance, reduced blood loss and less recovery time and hospital stays is expected to push the development of the sinus dilation device market. Slightly invasive surgeries, for instance, Functional Endoscopic Sinus Surgery (FESS), are extensively deployed procedures due to favourable reimbursement criteria, advanced success rate than other procedures.
Market Segmentation
Market By product
Market By End-user
Market By procedure
Market By application
Market By Geography
Regional Insights
North America was the leading regional market for sinus dilation devices in 2018. The development of this region was mainly owing to the incidence of a large number of key companies. Technological developments relating to sinus dilation devices by foremost companies is anticipated to increase the North America and Europe market growth. In addition, mergers &acquisitions, novel product launch, and geographic growth are other key tactics adopted by businesses to surge their market penetration. Such as, in June 2015, Entellus Medical, Inc. introduced Xpr ESSLo Profile Multi-Sinus Dilation System in Europe. These surgical tools were armed with a multi-functional system that combined balloon dilation with suction, irrigation, and image guidance.
Market Participants
The global Sinus Dilation Devices market is characterized by the presence of experienced and established players. Key companies include Olympus Corporation, Smith & Nephew PLC, Acclarent, Inc., Intersect ENT, Inc., Medtronic PLC, Entellus Medical, Inc., and SinuSys Corporation.
The sinus dilation devices market is driven by emergence of advanced technology in healthcare sector drives the need for sinus dilation devices.
The global sinus dilation devices market is projected to reach USD 4.0 billion by 2026.
The global sinus dilation devices market is projected to showcase 9.1% CAGR during the forecast period.
North America was the leading regional market for sinus dilation devices in 2019.
Key companies include Olympus Corporation, Smith & Nephew PLC, Acclarent, Inc., Intersect ENT, Inc., Medtronic PLC, Entellus Medical, Inc., and SinuSys Corporation.
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA) are the regions included in the sinus dilation devices market study.
Adult and Pediatric are the applications of sinus dilation devices market.