Sinus Dilation
Devices Market Research Report by Product (Sinus Stents, Balloon Dilation,
Endoscope), Procedure (Hybrid Sinus Dilation), Patient Type (Pediatric,
Adults), End-User (Hospitals, ENT Clinics, and Others)-Global Forecast till
2023
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.
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.
Browse Complete Report: https://www.marketresearchfuture.com/reports/sinus-dilation-devices-market-6644
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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