Market Analysis
The global sinus dilation devices market is expected to
register a 8.1% CAGR during the forecast period of 2018 to 2023 and grow to
valuation of USD 5,778 Mn by 2023 end reported Market Research Future (MRFR).
The clinical condition of inflamed sinus cavities present
around the nasal cavity that obstructs the natural draining mechanism of the
nose is called sinusitis. The sinus dilation devices aids in relieving the
sinus cavity opening and eliminating the drainage problem. Acute sinusitis is
triggered due to cold and allergies, whereas, bacterial invasion results in
chronic sinusitis. The increase in cases of chronic sinusitis due to languid
immunity of people is likely to increase the demand for sinus dilation device.
Technical advancement is boosting the adoption of sinuplasty (sinus dilation),
among patients, over traditional sinusitis surgery method. These are the market
dynamics expected to drive the global sinus dilation device market. On the flip
side, challenges like drugs preference over surgeries and lack of trained otolaryngologists are anticipated to impede the market escalation.
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Segmental Overview
MRFR in its report encompasses all the factors influencing
the global sinus dilation devices market. The segmental analysis of the market
offers a clear understanding of the sinus dilation devices market. Hence, the
global sinus dilation devices market study is segmented by product, procedure,
by patient type and end-user.
On the basis of product, the sinus dilation devices market
has been segmented into sinus stents, balloon dilation, endoscope, functional
endoscopic sinus surgery (FESS) instruments set, and handheld instruments. The
endoscope segment has been further narrowed down to rhinoscopy and sinoscopy. The drug eluting feature of the
sinus stents, resists inflammation and scarring, hence, makes implantation
extremely feasible for patients. Owing to the benefits of the stents the sinus
stent segment is anticipated to register the highest CAGR in the upcoming
years.
On the basis of procedure, the sinus dilation devices market
has been segmented into hybrid sinus dilation procedure, standalone sinus dilation
procedures, and others. Advancements in medical infrastructure is encouraging
patients to opt sinus surgeries. The sinus dilation procedures segment is
expected to gain traction for generating the largest revenue due to an increase
in the number of patients availing for complex sinus surgeries. On the basis of
patient type, the sinus dilation devices market is segmented into pediatric and
adults. On the basis of end-user, the sinus dilation devices market is
segmented into hospitals, ENT clinics, diagnostic centers, research centers,
and others.
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Regional Insights
The demographic analysis of the sinus dilation devices market
has been segmented into North America, Europe, Asia Pacific, The Middle East
and Africa, and Rest of the World (RoW).
In 2017, the Centers for Disease Control and Prevention data
showed that 11.0% of the United Nations population were diagnosed with
sinusitis. Hike in the suffering percentage has been observed over time in the
region. This is creating a boundless scope for the key players in the regional
market to invest in research and developmental activities to provide effective
treatment to the patients. Hence, these factors are anticipated to drive the
North American market growth, thereby, allowing the region to maintain its
dilation devices market hegemony in the world. The second largest region after
North America to grow to the highest market valuation in the assessment period
is Europe, predicts MRFR. The increase in cases of sinusitis coupled with the
presence of nasal polyp in patients is demanding proper medical attention. This
is expected to drive the regional sinus dilation devices market proliferation.
The Asia Pacific region is likely to experience the fastest
sinus dilation devices market growth. Technical advancement and patients opting
for sinus dilation are expected to augment the regional market.
Although, the Middle East and African regional
sinus dilation devices market growth is stationary. The increase in healthcare
awareness and initiative taken by governments, in these regions, working
towards the medical infrastructure development can impel the market growth in
the region.
Key Players
MRFR listed the noteworthy
companies operating globally in the sinus dilation devices market. They are
Sklar Surgical Instruments (US), Accurate Surgical & Scientific
Instruments(USA), Bausch & Lomb Incorporated
(US), Entellus Medical Inc. (a subsidiary of Stryker)
(US), Acclarent Inc. (a subsidiary of Johnson &
Johnson) (US), Medtronic plc (Ireland), Smith
& Nephew plc (UK), Intersect ENT
Inc. (US), Olympus Corporation (Japan), Meril Life, Sciences Pvt. Ltd. (India),
SinuSys Corporation (US), Jilin Coronado Medical Ltd. (China), and others.
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