Sinus dilation device is a medical device used to expand the sinus openings of a patient's nose to treat drainage issues related to nasal sinuses or sinusitis. Sinus dilation devices extend the sinus opening of the nostril during sinus surgeries, thereby treating the drainage problem associated with nasal sinuses. Sinus dilation devices consist of endoscopes and hand-held devices used to visualize and guide all through sinus dilation procedures. The procedure is preferred over decongestants, antibiotics, or steroids, as it provides immediate and long-lasting results
The key factors that drive the market growth are increase in incidence of sinusitis, which may lead to higher sinus surgeries and high adoption of minimally invasive surgical procedures in addition to technological advancements in sinusitis treatment. However, risks associated with sinus surgical procedures and low adoption of surgical procedures, due to presence of alternative sinusitis-related drugs are expected to restrain the market growth. Conversely, high growth potential in the emerging countries such as China and India and large investments by key players to develop advanced products are expected to provide lucrative opportunities to the market players.
The global sinus dilation devices market is segmented into product type, end user, and region. By product type, the market is segregated into balloon sinuplasty system, rhinoscopes, sinuscopes, sinus stents, and FESS instrument set. On the basis of end user, it is bifurcated into hospitals & clinics and ambulatory surgical centers. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in the report include the Stryker Corporation, Medtronic Plc., Smith & Nephew Plc., Sinusys Corporation, Olympus Corporation, Sklar Surgical Instruments, Accurate Surgical & Scientific Instruments, Intersect, Inc., Johnson & Johnson.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global sinus dilation devices market with current trends and future estimations from 2020 to 2030 to elucidate the imminent investment pockets
- Comprehensive analysis of factors that drive and restrict the market growth is provided
- Identification of factors instrumental in changing the market scenario, rise in opportunities, and identification of key companies that can influence this market on a global & regional scale are provided
- Key players are profiled and their strategies are analyzed thoroughly to understand the competitive outlook of the market
By Product Type
- Balloon Sinuplasty Systems
- Rhinoscopes
- Sinuscopes
- Sinus Stents
- FESS Instruments Set
By End User
- Hospital & Clinic
- Ambulatory Surgical Center
By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
KEY PLAYERS
- Accurate Surgical & Scientific Instruments Corporation
- B BRAUN MELSUNGEN AG
- Olympus Corporation
- Johnson & Johnson
- Medtronic Plc
- Stryker Corporation
- Smith & Nephew Plc
- Sinusys Corporation
- Sklar Surgical Instruments
- Intersect, Inc
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Table of Contents
Executive Summary
According to a new report titled, “Sinus Dilation Devices Market By Product Type and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030,” the global sinus dilation devices market size was valued at $3,389.08 million in 2020, and is projected to reach $5,067.97 million by 2030, registering a CAGR of 4.1% from 2021 to 2030.Sinus is a massive clinical condition wherein the cavities across the nasal passages grow to be inflamed. Acute sinusitis may be brought about with the aid of using allergies or bloodless and can resolve on its own. It may be caused due to infection or swelling of the tissues lining the sinuses. Sinus dilation devices extend the sinus opening of the nostril during sinus surgeries, thereby treating the drainage problem associated with nasal sinuses. Sinus dilation devices consist of endoscopes and hand-held devices used to visualize and guide all through sinus dilation procedures. The procedure is preferred over decongestants, antibiotics, or steroids, as it provides immediate and long-lasting results.
On the basis of product type, the balloon sinuplasty system segment was the major revenue contributor in 2020, and is anticipated to continue this trend during the forecast period, owing to increase in adoption balloon sinuplasty in sinus surgeries, as it is safe, small, flexible, and effective in improving symptoms of sinusitis. However, the rhinoscopes segment is projected to exhibit the fastest sinus dilation devices market growth during the forecast period, owing to rise in use of rhinoscopes.
Depending on end user, the hospital segment presently dominates the market, and is expected to remain dominant during the forecast period, owing to high volume of surgical procedures performed in hospitals. Moreover, increase in prevalence of chronic sinusitis coupled with favorable reimbursement criteria is anticipated to boost the segment growth. Furthermore, the availability of technologically advanced infrastructure and medical equipment along with the ability to perform complex sinus surgeries are the key factors escalating the growth of sinus dilation devices market.
North America dominated the global sinus dilation devices market in 2020, and is expected to remain dominant throughout the forecast period, owing to increase in number of sinus surgical procedures. Moreover, increase in number of product launches in the region is set to drive the market growth. However, Asia-Pacific is projected to register the highest CAGR of 5.2% during the forecast period, owing to its high population base, increase in affordability, surge in healthcare expenditure, and rise in awareness toward sinusitis-related surgeries. In addition, surge in medical tourism and increase in disposable incomes boost the sinus dilation devices market growth.
The major companies profiled in the report include Stryker Corporation, Medtronic Plc., Smith & Nephew Plc., Sinusys Corporation, Olympus Corporation, Sklar Surgical Instruments, Accurate Surgical & Scientific Instruments, Intersect, Inc., Johnson & Johnson.
Key Findings Of The Study
By product type, the balloon sinuplasty system segment is expected to experience rapid growth in the sinus dilation devices market, and is projected to grow at a CAGR of 3.8% from 2021 to 2030
- On the basis of end user, the hospital segment is expected to experience rapid growth in the sinus dilation devices market, and is projected to grow at a CAGR of 38% from 2021 to 2030
- Region wise, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 52% during the forecast period
Companies Mentioned
- Stryker Corporation
- Medtronic Plc.
- Smith & Nephew Plc.
- Sinusys Corporation
- Olympus Corporation
- Sklar Surgical Instruments
- Accurate Surgical & Scientific Instruments
- Intersect, Inc.
- Johnson & Johnson.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 201 |
Published | February 2022 |
Forecast Period | 2020 - 2030 |
Estimated Market Value ( USD | $ 3389.08 million |
Forecasted Market Value ( USD | $ 5067.97 million |
Compound Annual Growth Rate | 4.1% |
Regions Covered | Global |
No. of Companies Mentioned | 9 |