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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