Sinus Dilation Devices Market - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Sinus Dilation Devices Market - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Report Description
Sinusitis is an inflammation of sinus, which causes nose blockage and avoids mucus drainage. Sinus dilation devices are used in patients with nose drainage issues related to nasal sinusitis or sinuses to expand the sinus openings. Different types of sinus dilation devices can be utilized for patients according to the need of the treatment, which includes balloon sinuplasty systems, rhinoscopes, sinus stents, and functional endoscopic sinus surgery (FESS), and instruments set for sinuses or sinusitis. During balloon sinus dilation procedure, doctor reshapes the patient's sinus pathway with inflated balloons to open the blocked sinus or nasal pathway. Sinus dilation procedures are generally preferred over antibiotics, decongestants, or steroids, as it provides long-lasting and immediate results.
Market Dynamics
Factors driving the sinus dilation devices market are increasing prevalence of chronic sinusitis, growing preference for minimally invasive surgeries, and favorable reimbursement scenario of surgical treatments for hospital outpatient department. According to the Centers for Disease Control and Prevention (CDC), in 2016, around 26.7 million adults in the U.S. were diagnosed with chronic sinusitis. According to National Center for Biotechnology Information (NCBI), over 600,000 ambulatory sinonasal cases are performed each year in the U.S. Centers for Medicare Services (CMS) reassigned the nasal/sinus endoscopy codes, for instance, sphenoid balloon dilation (31297) and maxillary FESS procedures (31267) were reassigned to higher paying Ambulatory Payment Classifications (APCs). This resulted in a significant payment increase of 52.6%, which increased reimbursed cost of both the endoscopic sinus surgeries from US$ 2,009 in 2015 to US$ 3,066 in 2016.
Furthermore, increasing number of product launches and FDA approvals are expected to drive the market growth.
Key features of the study:
This report provides in-depth analysis of the sinus dilation devices market and provides market size (US$ million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategy adopted by key players
It profiles key players in the global sinus dilation devices market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
Key companies covered as a part of this study include, Entellus Medical, Inc., Smith & Nephew Plc., Acclarent, Inc., B. Braun Melsungen AG, Medtronic Plc, Olympus Corporation, SinuSys Corporation, InnAccel Technologies, Intersect ENT, Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
The global sinus dilation devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the sinus dilation devices market
Detailed Segmentation:
Global Sinus Dilation devices Market, By Product Type:
Balloon Sinuplasty Systems
Rhinoscopes
Sinuscopes
Sinus Stents
Functional Endoscopic Sinus Surgery (FESS) Instruments Set
Others
Global Sinus Dilation devices Market, By End User:
Hospitals & Clinics
Ambulatory Surgical Centers (ASCs)
Global Sinus Dilation devices Market, By Geography:
North America
By Product Type:
Balloon Sinuplasty Systems
Rhinoscopes
Sinuscopes
Sinus Stents
Functional Endoscopic Sinus Surgery (FESS) Instruments Set
Others
By End User:
Hospitals & Clinics
Ambulatory Surgical Centers (ASCs)
By Country:
U.S.
Canada
Latin America
By Product Type:
Balloon Sinuplasty Systems
Rhinoscopes
Sinuscopes
Sinus Stents
Functional Endoscopic Sinus Surgery (FESS) Instruments Set
Others
By End User:
Hospitals & Clinics
Ambulatory Surgical Centers (ASCs)
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
Europe
By Product Type:
Balloon Sinuplasty Systems
Rhinoscopes
Sinuscopes
Sinus Stents
Functional Endoscopic Sinus Surgery (FESS) Instruments Set
Others
By End User:
Hospitals & Clinics
Ambulatory Surgical Centers (ASCs)
By Country:
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Product Type:
Balloon Sinuplasty Systems
Rhinoscopes
Sinuscopes
Sinus Stents
Functional Endoscopic Sinus Surgery (FESS) Instruments Set
Others
By End User:
Hospitals & Clinics
Ambulatory Surgical Centers (ASCs)
Specialty Clinics
By Country:
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
By Product Type:
Balloon Sinuplasty Systems
Rhinoscopes
Sinuscopes
Sinus Stents
Functional Endoscopic Sinus Surgery (FESS) Instruments Set
Others
By End User:
Hospitals & Clinics
Ambulatory Surgical Centers (ASCs)
By Country:
GCC
Israel
Rest of Middle East
Africa
By Product Type:
Balloon Sinuplasty Systems
Rhinoscopes
Sinuscopes
Sinus Stents
Functional Endoscopic Sinus Surgery (FESS) Instruments Set
Others
By End User:
Hospitals & Clinics
Ambulatory Surgical Centers (ASCs)
By Country:
South Africa
Central Africa
North Africa
Company Profiles
Entellus Medical, Inc.*
Company Overview
Product Portfolio
Financial Performance
Key Highlights
Market Strategies
Smith & Nephew Plc.
Acclarent, Inc.
B. Braun Melsungen AG
Medtronic Plc
Olympus Corporation
SinuSys Corporation
InnAccel Technologies
Intersect ENT, Inc.
“*” marked represents similar segmentation in other categories in the respective section.