Sinus Dilation Devices: Industry Analysis, Growth Rate and Current Trends
by Susan Hill Business ConsultantThe global sinus
dilation devices market size is expected to reach USD 3.6 billion by 2025, according to a
new report by Grand View Research, Inc., progressing at a CAGR of 8.9% during
the forecast period. The market is driven by rising prevalence of chronic
sinusitis. Moreover, increasing adoption of minimally invasive procedures owing
to favourable reimbursement scenario is projected to augment the market growth.
For instance, according to the Centers for Disease Control and Prevention in
2017, 26.9 million adults in U.S. were diagnosed with sinusitis, which was
around 11.0% of the adult American population then.
North America was the dominant regional market for
sinus dilation devices in 2017. The growth of this region was mainly due to the
presence of a large number of key companies. Technological developments
pertaining to sinus dilation devices by leading companies is expected to
augment the North America and Europe market growth. In addition, mergers and
acquisitions, new product development, and geographical expansion are other key
strategies adopted by companies to increase their market penetration. For
instance, in June 2015, Entellus Medical, Inc. launched XprESS LoProfile
Multi-Sinus Dilation System in Europe. These surgical tools were equipped with
multi-functional system, which combined balloon dilation with irrigation,
suction, and image guidance.
Further
key findings from the report suggest:
- Balloon sinus dilation devices held the largest share in the past
due to their greater acceptance and advancements in sinus surgical
procedures
- Standalone procedures held major share of the global sinus dilation
devices market in 2017 owing to the higher success rate of revision
surgeries
- The hospitals end-use segment held the major share of the market in
2017
- Asia Pacific is likely to exhibit the fastest growth during the
forecast period owing to increasing awareness about surgical procedures of
sinus
- Increased disposable income, presence of target population, and
improving healthcare infrastructure, and improvement in patient are also
estimated to drive the regional market
- Few of the key companies in the market include Medtronic PLC; Smith
& Nephew PLC; Acclarent, Inc.; Intersect ENT, Inc.; Entellus Medical,
Inc.; Olympus Corporation; and SinuSys Corporation.
Grand View Research has segmented the global sinus
dilation devices market on the basis of product, procedure, application, end
use, and region:
Sinus
Dilation Devices Product Outlook (Revenue, USD Million, 2014 - 2025)
- Balloon Sinus Dilation Devices
- Sinuscopes
- Rhinoscopes
- Sinus Stents/Implants
- Functional Endoscopic Sinus Surgery (FESS) Instrument Sets
- Others
Sinus
Dilation Devices Procedure Outlook (Revenue, USD Million, 2014 - 2025)
- Standalone
- Hybrid
Sinus
Dilation Devices Application Outlook (Revenue, USD Million, 2014 - 2025)
- Adult
- Pediatric
Sinus
Dilation Devices End-use Outlook (Revenue, USD Million, 2014 - 2025)
- Hospitals
- ENT Clinics/In Office
- Ambulatory Surgical Centers (ASCs)
Sinus
Dilation Devices Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Asia Pacific
- Japan
- China
- India
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
Access full research report on global sinus dilation devices market:
https://www.grandviewresearch.com/industry-analysis/sinus-dilation-devices-market
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Created on Jul 4th 2019 07:50. Viewed 408 times.