Sinus Dilation Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Sinus Dilation Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

The global sinus dilation devices market reached a value of US$ 2.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.9 Billion by 2027, exhibiting a CAGR of 8.8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

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:
IMARC Group provides an analysis of the key trends in each sub-segment of the global sinus dilation devices market, along with forecasts at the global, regional and country level from 2022-2027. Our 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:
How has the global sinus dilation devices market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global sinus dilation devices market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the procedure?
What is the breakup of the market based on the patient type?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global sinus dilation devices market and who are the key players?
What is the degree of competition in the industry?