Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.01 Billion | USD 7.01 Billion | 9.83% | 2023 |
The global Sinus Dilation Devices market size accrued earnings worth approximately USD 3.01 Billion in 2023 and is predicted to gain revenue of about USD 7.01 Billion by 2032, is set to record a CAGR of nearly 9.83% over the period from 2024 to 2032. The study includes drivers and restraints of the sinus dilation devices market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the sinus dilation devices market on a global level.
In order to give the users of this report a comprehensive view of the sinus dilation devices market, we have included a competitive landscape and an analysis of Porter’s Five Forces Model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research and development, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and applications portfolio of various companies according to regions.
Sinuses are air-filled pouches at the back of facial bones adjoining the nose. Each sinus has normal and natural openings for draining mucus. If the opening of sinus gets blocked due to inflammation, drainage of normal mucus may get affected, which may lead to continuous sinus infections and other symptoms related to pain. When it is recurrent sinusitis or the infection continues for more than three months, it might be lead to chronic sinusitis. Sinusitis frequently takes place due to an allergy or cold. The treatment of sinusitis can be performed both non-surgically and surgically.
The growing healthcare expenditure in developed regions, increasing awareness, and swift economic development in developing regions are projected to important factors contributing to the sinus dilation devices market growth. Furthermore, the high adoption of minimally invasive surgeries will significantly propel the sinus dilation devices market in the future. The various advantages of sinus dilation devices, such as high rate of patient satisfaction in terms of rapid recovery, reduced post-operative pain, reduced blood loss, and lower period of hospital stays, are also expected to boost the progression of the sinus dilation devices market globally. Minimally invasive surgeries, such as functional endoscopic sinus surgery (FESS), are expected to show a prominent CAGR in the future, due to its extensive adoption and higher success rate as compared to procedures and favorable reimbursement scenario.
The study provides a decisive view of the sinus dilation devices market based on product type, procedure, patient type, patient care setting, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
By product type, the market is segmented into balloon sinus dilation devices, endoscopes, sinus stents/implants, functional endoscopic sinus surgery (FESS) instruments set, and others. Endoscopes are further classified into sinuscopes and rhinoscopes.
Based on the procedure, the market is segmented into standalone sinus dilation and hybrid sinus dilation procedures.
The patient type segment includes adults and pediatrics. Hospitals, ambulatory surgical centers, and ENT clinics/in offices form the key patient care setting a segment of the market.
The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further classification into major countries including the U.S., UK, Germany, France, Italy, Spain, China, Japan, India, Brazil, GCC Countries, South Africa, etc.
By region, North America held a dominant share of the global sinus dilation devices market in 2018 and is anticipated to continue its regional domination over the forecast years as well. This regional growth can be attributed with robust healthcare infrastructure, high adoption of minimally invasive procedures, and the rising prevalence of chronic rhinosinusitis. The Asia Pacific is anticipated to grow substantially in the future, owing to the increasing number of favorable government policies and reimbursement scenario, raising awareness, and high unmet medical needs.
Report Attributes | Report Details |
---|---|
Report Name | Sinus Dilation Devices Market |
Market Size in 2023 | USD 3.01 Billion |
Market Forecast in 2032 | USD 7.01 Billion |
Growth Rate | CAGR of 9.83% |
Number of Pages | 210 |
Key Companies Covered | Entellus Medical Inc., Acclarent Inc., Medtronic, Smith & Nephew, Intersect ENT Inc., Olympus Corporation, Meril Life Sciences Pvt. Ltd., SinuSys Corporation, InAccel, Jilin Coronado Medical Ltd., and Creganna Medical, among others |
Segments Covered | By product type, By procedure, By patient type, By patient care setting and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Some key players of the global sinus dilation devices market are
This report segments the global sinus dilation devices market into:
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