Sinus Dilation Devices Market Expected to Reach USD 4.6 Billion and CAGR 6.50% by 2030

Polaris Market Research recently published [115+ Pages] research report on “Sinus Dilation Devices Market Share, Size, Trends, Industry Analysis Report, By Product Type (Balloon Sinuplasty System, Endoscopes, Sinus Stents, and FESS Instrument Set); By Procedure; By Application; By End Use; By Region; Segment Forecast, 2022 – 2030” in its research database.

According to the research report, the global sinus dilation devices market size & share was valued at USD 2.68 billion in 2021 and is expected to reach USD 4.6 Billion by 2030, growing at a CAGR of 6.50% during the forecast period.

What is Sinus Dilation Devices? How Big is Sinus Dilation Devices Market Size & Share? 

• Overview

Sinus dilation devices are devices that are used for the expansion of the sinus opening of the nostril during sinus surgeries. It is the method of opening the blocked sinus passages, enabling enough drainage and airflow. These devices include endoscopes and hand-held tools utilized to visualize and guide all through sinus dilation procedures.

Due to the growth of nasal polyps, an infection, or idiopathy, the cause of sinusitis could be allergic. The effects of sinus dilation surgeries are long-lasting, and these surgeries aid the suffering person in healing completely. The frequency of sinusitis is higher in adults, which is anticipated to propel the sinus dilation devices market share over the assessment period.

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(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)

Key Highlights of the Report

• A detailed analysis of the market and sub-market forecast
• Extensive details and analysis of contracts, projects, and programs
• Analysis of technological trends and how these shape the industry
• The in-depth description of technical factors and political regulatory
• Outline of leading companies operating within the sector
• SWOT analysis of the major key players operating in the market, together with the opportunities available and the key threads faces
• Market conclusions and recommendations

Some of the Top Market Players Are:

• Stryker Corporation
• Medtronic
• Smith & Nephew
• Sinusys Corporation
• Olympus Corp.
• Sklar Surgical Instruments
• Accurate Surgical
• Intersect ENT
• Acclarent
• Erbe Elektromedizin

To Know Additional Information on Market Players, Download Sample PDF Brochure

Growth Driving Factors

• Technological advancement is propelling the market

Increasing chronic sinusitis patients across the world are anticipated to uplift the market. Increasing preference for minimally invasive procedures and beneficial reimbursement schemes are positively influencing the sinus dilation devices market size. The growing number of investments in the healthcare sector, as well as surging technological advancement, are driving the industry and are anticipated to drive over the projection period.

Furthermore, growing awareness about the benefits of balloon sinuplasty over other traditional techniques is propelling the industry. Rising government inactivates towards the healthcare sector are anticipated to uplift the sinus dilation devices market demand over the assessment period. Also, growing research and academic institutes focus on evolving surgical procedures and innovative devices to treat sinusitis, and comparative medical conditions are fueling the industry demand.

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Recent Developments

• In June 2022, the Federal Trade Commission (FTC) announced an order directed towards the divesture of Medtronic’s subsidiary Fiagon, a developer of ENT navigation systems and Balloon sinus dilation technology.
• In March 2022: Medtronic launched the NuVent Eustachian tube, a manual-based catheter system. The product launch aims to commercialize a novel balloon system to treat the rising prevalence of chronic, obstructive “eustachian tube dysfunction”.

Segmental Analysis

• The FESS Instrument Set segment is anticipated to dominate the industry

On the basis of product type, functional endoscopic sinus surgery (FESS) is expected to grow at a considerable rate. The factors responsible for the segment’s dominance are that it is the least invasive surgery endorsed to treat chronic refractoryrhino sinusitis, and acute recurrent rhinosinusitis, among other conditions. Further, the surgeon’s preference for these devices over other devices is also accountable for the segment’s dominance.

• Hybrid is predicted to drive the market over the assessment period

Based on the procedure, the sinus dilation devices market segmentations are classified into standalone and hybrid. Out of both, the hybrid segment is expected to grow the industry over foreseen period. This segment is dominating due to the benefits of the balloon method to replace the openings of sinus passages assisted by traditional endoscopic tools on the same harness to enable better surgical reach.

• The adult segment is anticipated to hold the considerable market share

On the basis of application, the adult segment is expected to hold a significant market share. The accountable factor for the segment’s dominance is the higher frequency of allergic rhinitis in adults and the growing need for clinical management for these sinus disorders. Further, speedy turnaround rates of the leading procedures, including hybrid sinus dilation, among other novel therapies, are expected to uplift the industry.

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Sinus Dilation Devices Market: Report Scope

 Geographic Overview

• North America is accounted for the significant market share

On a geographical basis, the North American region is anticipated to account for the highest market share over the foreseen period. The region is expected to dominate due to the growing frequency of respiratory diseases, including sinusitis, and raising awareness of innovative respiratory procedures to relieve these conditions.

Also, Europe is expected to rise over the foreseen period due to the strategic presence of the market’s leading players launching essential products that include the XprESS multi-sinus dilation system and regional reimbursement plans to serve the rising demand for sinus surgeries.

Moreover, Asia Pacific is anticipated to grow significantly over the assessment period. The factors responsible for the region’s significant market share are the expansion of the market owing to the growing number of regional populations detected with chronic sinusitis and increasing awareness of surgical management of these conditions for long-term relief.

Browse the Detail Report “Sinus Dilation Devices Market Share, Size, Trends, Industry Analysis Report, By Product Type (Balloon Sinuplasty System, Endoscopes, Sinus Stents, and FESS Instrument Set); By Procedure; By Application; By End Use; By Region; Segment Forecast, 2022 – 2030” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/sinus-dilation-devices-market

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Key Questions Answered in The Report Include:

• What are the key factors driving the sinus dilation devices market?
• What are the business growth strategies adopted by developed and developing regions?
• What are the key outcomes of the five forces analysis?
• Who are the leading players active in the sinus dilation devices industry?
• What’s the competition in this industry, both company, and country-wise?

Polaris Market Research has segmented the sinus dilation devices market report based on product type, procedure, application, end-use, and region:

By Product Type Outlook

• Balloon Sinuplasty System
• Endoscopes
• Sinus Stents
• FESS Instrument Set

By Procedure Outlook

• Standalone
• Hybrid

By Application Outlook

• Pediatric
• Adult

By End Use Outlook

• Hospitals & ENT Clinics
• Ambulatory Surgical Centers

By Region Outlook

• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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