Sinus Dilation Devices Market by Product Type (Balloon Sinuplasty System, Rhinoscopes, Sinuscopes, Sinus Stents, and FESS Instrument Set) and End user (Hospitals & Clinics and Ambulatory Surgical Centers): Global Opportunity Analysis and Industry Forecast, 2021-2030
The global sinus dilation devices market 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 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
U.S.
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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