The sinus dilation devices market size has grown strongly in recent years. It will grow from $2.77 billion in 2023 to $3.02 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth observed in the historical period can be attributed to factors such as the prevalence of chronic sinusitis, patient preference for minimally invasive procedures, increased awareness, healthcare expenditure, and the aging population.
The sinus dilation devices market size is expected to see strong growth in the next few years. It will grow to $4.12 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The anticipated growth in the forecast period can be attributed to the increasing cases of chronic rhinosinusitis, a preference for outpatient procedures, the shift towards value-based healthcare, the adoption of telemedicine and remote consultations, and the rise in allergies and environmental factors. Key trends expected in the forecast period encompass the integration of smart devices and robotics, the implementation of remote monitoring and follow-ups, the emergence of hybrid procedures, the adoption of patient-centric approaches, and advancements in regulatory frameworks.
The sinus dilation devices market is experiencing growth driven by the prevalence of chronic sinusitis. Chronic sinusitis, marked by prolonged inflammation and swelling of the sinuses lasting at least 12 weeks, is a condition addressed by sinus dilation devices such as balloon sinuplasty. These devices facilitate the treatment of chronic sinusitis by employing a balloon to open nasal passages and alleviate sinus blockages. In January 2023, Frontiers reported a 10% prevalence of chronic sinusitis among the Chinese population, with urban and rural areas witnessing 18% and 27% prevalence, respectively. Moreover, Pulse Notes, in February 2023, noted that chronic sinusitis affected 10% of the UK population, with 4% exhibiting chronic sinusitis with nasal polyps. Thus, the increasing prevalence of sinusitis is a driving factor for the sinus dilation devices market.
The sinus dilation devices market is anticipated to witness growth due to the rise in healthcare expenditures. Healthcare expenditures, encompassing costs related to health services, family planning, and emergency aid, contribute to advanced technology development and minimally invasive treatments for sinus-related conditions. According to the Centers for Medicare & Medicaid Services in December 2023, US healthcare spending reached $4.5 trillion in 2022, with a per-person expenditure of $13,493. This accounted for 17.3% of the country's Gross Domestic Product. Consequently, the increasing healthcare expenditures are propelling the sinus dilation devices market.
An emerging trend in the sinus dilation devices market is the emphasis on product innovation by major companies. These companies are introducing technologically advanced devices to enhance their market positions. For instance, Intersect ENT, a US-based manufacturer of sinus implants, introduced the VenSure balloon sinus dilation system and Cube 4D navigation system in July 2021. The VenSure system employs integrated chip-on-the-tip electromagnetic technology and features an ergonomic design for easy maneuvering.
Major companies in the sinus dilation devices market are directing their efforts toward next-generation solutions, incorporating machine learning algorithms to address evolving patient needs and treatment efficacy. Machine learning algorithms enable computers to learn and improve from data without explicit programming. Acclarent Inc., a US-based medical device company, launched AI-powered ENT technology in September 2021. This technology, integrated with the TruDi Navigation System, employs machine learning algorithms for efficient preoperative planning and navigation during ENT procedures.
In May 2022, Medtronic PLC, an Ireland-based medical device company, acquired Intersect ENT, a US-based manufacturer of sinus implant products and technologies, for an undisclosed amount. This strategic acquisition aims to expand Medtronic's comprehensive portfolio in ear, nose, and throat (ENT) and sinus procedure supplies.
Major companies operating in the sinus dilation devices market report are Johnson & Johnson Co, Aetna Inc., Medtronic PLC, Stryker Corporation, Zimmer Biomet Holdings Inc., Olympus Corporation, Smith & Nephew PLC, Dentsply Sirona Inc., Bausch & Lomb Incorporated, B. Braun Melsungen AG, Nordson MEDICAL Corp, Straumann Group, Cook Medical Inc., Karl Storz GmbH & Co. KG, Meril Life Sciences Pvt. Ltd., Teleflex Incorporated, Nobel BioCare LLC, Richard Wolf GmbH, Acclarent Inc., Intersect ENT Inc., Sklar Corporation, SinuSys Corporation, XION GmbH, Innaccel Technologies Pvt. Ltd., Innovia Medical, Poba Medical.
North America was the largest region in the sinus dilation devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the sinus dilation devices market report during the forecast period. The regions covered in the sinus dilation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the sinus dilation devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary types of sinus dilation devices encompass balloon sinus dilation devices, endoscopes, functional endoscopic sinus surgery (FESS) instrument sets, sinus stents or implants, and others. Balloon sinus dilation devices specifically target the opening of blocked or narrowed sinus passages, addressing conditions such as chronic sinusitis. These devices contribute to enhanced drainage and airflow. The major procedures involve standalone and hybrid approaches, and they find application in both adult and pediatric cases. End-users of sinus dilation devices include hospitals, ENT clinics, and other healthcare facilities.
The sinus dilation devices market research report is one of a series of new reports that provides sinus dilation devices market statistics, including sinus dilation devices industry global market size, regional shares, competitors with a sinus dilation devices market share, detailed sinus dilation devices market segments, market trends and opportunities, and any further data you may need to thrive in the sinus dilation devices industry. This sinus dilation devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The sinus dilation devices market consists of sales of sinus irrigation devices, sinus guide catheters, balloon inflation devices, catheter hands, sinus treatment kits, and nasal forceps. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The sinus dilation devices market size is expected to see strong growth in the next few years. It will grow to $4.12 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The anticipated growth in the forecast period can be attributed to the increasing cases of chronic rhinosinusitis, a preference for outpatient procedures, the shift towards value-based healthcare, the adoption of telemedicine and remote consultations, and the rise in allergies and environmental factors. Key trends expected in the forecast period encompass the integration of smart devices and robotics, the implementation of remote monitoring and follow-ups, the emergence of hybrid procedures, the adoption of patient-centric approaches, and advancements in regulatory frameworks.
The sinus dilation devices market is experiencing growth driven by the prevalence of chronic sinusitis. Chronic sinusitis, marked by prolonged inflammation and swelling of the sinuses lasting at least 12 weeks, is a condition addressed by sinus dilation devices such as balloon sinuplasty. These devices facilitate the treatment of chronic sinusitis by employing a balloon to open nasal passages and alleviate sinus blockages. In January 2023, Frontiers reported a 10% prevalence of chronic sinusitis among the Chinese population, with urban and rural areas witnessing 18% and 27% prevalence, respectively. Moreover, Pulse Notes, in February 2023, noted that chronic sinusitis affected 10% of the UK population, with 4% exhibiting chronic sinusitis with nasal polyps. Thus, the increasing prevalence of sinusitis is a driving factor for the sinus dilation devices market.
The sinus dilation devices market is anticipated to witness growth due to the rise in healthcare expenditures. Healthcare expenditures, encompassing costs related to health services, family planning, and emergency aid, contribute to advanced technology development and minimally invasive treatments for sinus-related conditions. According to the Centers for Medicare & Medicaid Services in December 2023, US healthcare spending reached $4.5 trillion in 2022, with a per-person expenditure of $13,493. This accounted for 17.3% of the country's Gross Domestic Product. Consequently, the increasing healthcare expenditures are propelling the sinus dilation devices market.
An emerging trend in the sinus dilation devices market is the emphasis on product innovation by major companies. These companies are introducing technologically advanced devices to enhance their market positions. For instance, Intersect ENT, a US-based manufacturer of sinus implants, introduced the VenSure balloon sinus dilation system and Cube 4D navigation system in July 2021. The VenSure system employs integrated chip-on-the-tip electromagnetic technology and features an ergonomic design for easy maneuvering.
Major companies in the sinus dilation devices market are directing their efforts toward next-generation solutions, incorporating machine learning algorithms to address evolving patient needs and treatment efficacy. Machine learning algorithms enable computers to learn and improve from data without explicit programming. Acclarent Inc., a US-based medical device company, launched AI-powered ENT technology in September 2021. This technology, integrated with the TruDi Navigation System, employs machine learning algorithms for efficient preoperative planning and navigation during ENT procedures.
In May 2022, Medtronic PLC, an Ireland-based medical device company, acquired Intersect ENT, a US-based manufacturer of sinus implant products and technologies, for an undisclosed amount. This strategic acquisition aims to expand Medtronic's comprehensive portfolio in ear, nose, and throat (ENT) and sinus procedure supplies.
Major companies operating in the sinus dilation devices market report are Johnson & Johnson Co, Aetna Inc., Medtronic PLC, Stryker Corporation, Zimmer Biomet Holdings Inc., Olympus Corporation, Smith & Nephew PLC, Dentsply Sirona Inc., Bausch & Lomb Incorporated, B. Braun Melsungen AG, Nordson MEDICAL Corp, Straumann Group, Cook Medical Inc., Karl Storz GmbH & Co. KG, Meril Life Sciences Pvt. Ltd., Teleflex Incorporated, Nobel BioCare LLC, Richard Wolf GmbH, Acclarent Inc., Intersect ENT Inc., Sklar Corporation, SinuSys Corporation, XION GmbH, Innaccel Technologies Pvt. Ltd., Innovia Medical, Poba Medical.
North America was the largest region in the sinus dilation devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the sinus dilation devices market report during the forecast period. The regions covered in the sinus dilation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the sinus dilation devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary types of sinus dilation devices encompass balloon sinus dilation devices, endoscopes, functional endoscopic sinus surgery (FESS) instrument sets, sinus stents or implants, and others. Balloon sinus dilation devices specifically target the opening of blocked or narrowed sinus passages, addressing conditions such as chronic sinusitis. These devices contribute to enhanced drainage and airflow. The major procedures involve standalone and hybrid approaches, and they find application in both adult and pediatric cases. End-users of sinus dilation devices include hospitals, ENT clinics, and other healthcare facilities.
The sinus dilation devices market research report is one of a series of new reports that provides sinus dilation devices market statistics, including sinus dilation devices industry global market size, regional shares, competitors with a sinus dilation devices market share, detailed sinus dilation devices market segments, market trends and opportunities, and any further data you may need to thrive in the sinus dilation devices industry. This sinus dilation devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The sinus dilation devices market consists of sales of sinus irrigation devices, sinus guide catheters, balloon inflation devices, catheter hands, sinus treatment kits, and nasal forceps. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Sinus Dilation Devices Market Characteristics3. Sinus Dilation Devices Market Trends and Strategies32. Global Sinus Dilation Devices Market Competitive Benchmarking33. Global Sinus Dilation Devices Market Competitive Dashboard34. Key Mergers and Acquisitions in the Sinus Dilation Devices Market
4. Sinus Dilation Devices Market - Macro Economic Scenario
5. Global Sinus Dilation Devices Market Size and Growth
6. Sinus Dilation Devices Market Segmentation
7. Sinus Dilation Devices Market Regional and Country Analysis
8. Asia-Pacific Sinus Dilation Devices Market
9. China Sinus Dilation Devices Market
10. India Sinus Dilation Devices Market
11. Japan Sinus Dilation Devices Market
12. Australia Sinus Dilation Devices Market
13. Indonesia Sinus Dilation Devices Market
14. South Korea Sinus Dilation Devices Market
15. Western Europe Sinus Dilation Devices Market
16. UK Sinus Dilation Devices Market
17. Germany Sinus Dilation Devices Market
18. France Sinus Dilation Devices Market
19. Italy Sinus Dilation Devices Market
20. Spain Sinus Dilation Devices Market
21. Eastern Europe Sinus Dilation Devices Market
22. Russia Sinus Dilation Devices Market
23. North America Sinus Dilation Devices Market
24. USA Sinus Dilation Devices Market
25. Canada Sinus Dilation Devices Market
26. South America Sinus Dilation Devices Market
27. Brazil Sinus Dilation Devices Market
28. Middle East Sinus Dilation Devices Market
29. Africa Sinus Dilation Devices Market
30. Sinus Dilation Devices Market Competitive Landscape and Company Profiles
31. Sinus Dilation Devices Market Other Major and Innovative Companies
35. Sinus Dilation Devices Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Sinus Dilation Devices Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on sinus dilation devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
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- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for sinus dilation devices? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Product: Balloon Sinus Dilation Devices; Endoscopes; Functional Endoscopic Sinus Surgery (FESS) Instruments Set; Sinus Stents or Implants; Other Products
2) By Procedure: Standalone; Hybrid
3) By Application: Adult; Pediatric
4) By End-user: Hospitals; ENT Clinics; Other End-users
Key Companies Mentioned: Johnson & Johnson Co; Aetna Inc.; Medtronic plc; Stryker Corporation; Zimmer Biomet Holdings Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- Johnson & Johnson Co
- Aetna Inc.
- Medtronic plc
- Stryker Corporation
- Zimmer Biomet Holdings Inc.
- Olympus Corporation
- Smith & Nephew PLC
- Dentsply Sirona Inc.
- Bausch & Lomb Incorporated
- B. Braun Melsungen AG
- Nordson MEDICAL Corp
- Straumann Group
- Cook Medical Inc.
- Karl Storz GmbH & Co. KG
- Meril Life Sciences Pvt. Ltd.
- Teleflex Incorporated
- Nobel BioCare LLC
- Richard Wolf GmbH
- Acclarent Inc.
- Intersect ENT Inc.
- Sklar Corporation
- SinuSys Corporation
- XION GmbH
- Innaccel Technologies Pvt. Ltd
- Innovia Medical
- Poba Medical
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | February 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 3.02 Billion |
Forecasted Market Value ( USD | $ 4.12 Billion |
Compound Annual Growth Rate | 8.1% |
Regions Covered | Global |
No. of Companies Mentioned | 26 |