The global sinus dilation devices market size reached US$ 3.5 Billion in 2023. Looking forward, the market is expected to reach US$ 6.8 Billion by 2032, exhibiting a growth rate (CAGR) of 7.7% during 2023-2032.
Sinus dilation, also known as balloon sinuplasty, is a minimally invasive procedure that opens blocked sinus passages, allow adequate airflow, and restore natural drainage. It relies on various implantable devices to improve the patency of sinus openings, deliver local medication, and reduce postoperative inflammation. As these devices help in quick recovery, they are gaining traction over conventional sinus devices to treat chronic rhinosinusitis (CRS) refractory worldwide. Besides this, they can be combined with other techniques for patients with significant inflammation in the ethmoid or other sinuses. Nowadays, several manufacturers are introducing devices integrated with microsensors to determine device position during surgeries.
This, in confluence with the increasing concerns among parents about the health of their children, is catalyzing the demand for sinus dilation surgeries and devices around the world. Apart from this, the emerging trend of minimally invasive surgeries (MIS) over conventional open surgeries is influencing the market positively. Furthermore, the improving healthcare infrastructure and rising funding to introduce novel sinus dilation devices are projected to offering lucrative growth opportunities to market players.
2. What is the expected growth rate of the global sinus dilation devices market during 2024-2032?
3. What are the key factors driving the global sinus dilation devices market?
4. What has been the impact of COVID-19 on the global sinus dilation devices market?
5. What is the breakup of the global sinus dilation devices market based on the product?
6. What is the breakup of the global sinus dilation devices market based on the procedure?
7. What is the breakup of the global sinus dilation devices market based on the patient type?
8. What is the breakup of the global sinus dilation devices market based on the end user?
9. What are the key regions in the global sinus dilation devices market?
10. Who are the key players/companies in the global sinus dilation devices market?
Sinus dilation, also known as balloon sinuplasty, is a minimally invasive procedure that opens blocked sinus passages, allow adequate airflow, and restore natural drainage. It relies on various implantable devices to improve the patency of sinus openings, deliver local medication, and reduce postoperative inflammation. As these devices help in quick recovery, they are gaining traction over conventional sinus devices to treat chronic rhinosinusitis (CRS) refractory worldwide. Besides this, they can be combined with other techniques for patients with significant inflammation in the ethmoid or other sinuses. Nowadays, several manufacturers are introducing devices integrated with microsensors to determine device position during surgeries.
Sinus Dilation Devices Market Trends:
Factors like nasal polyps, nasotracheal tubes, allergic rhinitis, deviated septum, facial bone abnormalities, swollen adenoids, and cleft palate increase the likelihood of developing chronic sinusitis. This, coupled with a significant rise in the prevalence of these factors among the geriatric population, represents one of the key factors bolstering the market growth. In addition to this, the growing number of patients with tumors, diabetes, cystic fibrosis, ciliary dyskinesia, Kartagener syndrome, and human immunodeficiency virus (HIV) infection is contributing to market growth. Moreover, children generally have a higher risk of developing acute bronchitis, including sinusitis.This, in confluence with the increasing concerns among parents about the health of their children, is catalyzing the demand for sinus dilation surgeries and devices around the world. Apart from this, the emerging trend of minimally invasive surgeries (MIS) over conventional open surgeries is influencing the market positively. Furthermore, the improving healthcare infrastructure and rising funding to introduce novel sinus dilation devices are projected to offering lucrative growth opportunities to market players.
Key Market Segmentation:
This report provides an analysis of the key trends in each sub-segment of the global sinus dilation devices market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on product, procedure, patient type and end user.Breakup by Product:
- Balloon Sinus Dilation Devices
- Sinus Implants
- Handheld Instruments
- Endoscopes
- Others
Breakup by Procedure:
- Standalone
- Hybrid
Breakup by Patient Type:
- Adult
- Pediatric
Breakup by End User:
- Hospitals
- Ambulatory Surgical Centers
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aetna Inc. (CVS Health Corporation), Dalent Medical, Innaccel Technologies Pvt. Ltd, Intersect ENT Inc., Johnson & Johnson, Karl Storz SE & Co. KG, Medtronic plc, Meril Life Sciences Pvt. Ltd, Olympus Corporation, Sinusys Corporation, Smith & Nephew plc and Stryker Corporation.Key Questions Answered in This Report
1. What was the size of the global sinus dilation devices market in 2023?2. What is the expected growth rate of the global sinus dilation devices market during 2024-2032?
3. What are the key factors driving the global sinus dilation devices market?
4. What has been the impact of COVID-19 on the global sinus dilation devices market?
5. What is the breakup of the global sinus dilation devices market based on the product?
6. What is the breakup of the global sinus dilation devices market based on the procedure?
7. What is the breakup of the global sinus dilation devices market based on the patient type?
8. What is the breakup of the global sinus dilation devices market based on the end user?
9. What are the key regions in the global sinus dilation devices market?
10. Who are the key players/companies in the global sinus dilation devices market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Sinus Dilation Devices Market
6 Market Breakup by Product
7 Market Breakup by Procedure
8 Market Breakup by Patient Type
9 Market Breakup by End User
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Aetna Inc. (CVS Health Corporation)
- Dalent Medical
- Innaccel Technologies Pvt. Ltd
- Intersect ENT Inc.
- Johnson & Johnson
- Karl Storz SE & Co. KG
- Medtronic plc
- Meril Life Sciences Pvt. Ltd
- Olympus Corporation
- Sinusys Corporation
- Smith & Nephew plc
- Stryker Corporation
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 136 |
Published | September 2024 |
Forecast Period | 2023 - 2032 |
Estimated Market Value ( USD | $ 3.5 Billion |
Forecasted Market Value ( USD | $ 6.8 Billion |
Compound Annual Growth Rate | 7.7% |
Regions Covered | Global |
No. of Companies Mentioned | 12 |