Research Nester released a report titled “Sinus Dilation Devices Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global sinus dilation devices market in terms of market segmentation by patient type, product type, balloon diameter, procedure, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global sinus dilation devices market is segmented by patient type into adult and pediatric patients. Among these segments, the adult patient segment is anticipated to hold the largest market share. The growth of the segment can be attributed to the fact that the adult population are more prone to the infection of sinusitis, and hence their need for advanced surgical procedures by utilizing sinus dilation devices. Chronic rhinosinusitis is known to cause nasal swelling, allergies, nasal polyps and others.
The global sinus dilation devices market is anticipated to grow with a CAGR of 7.98% during the forecast period, i.e., 2020-2028. Increasing number of sinus dilation devices launched in the recent years, along with the increasing incidences of chronic sinusitis (CNS) and the increasing collaborations between companies for the research and development of new products, are some of the factors anticipated to contribute towards the growth of the global sinus dilation devices market in the coming years.
Geographically, the global sinus dilation devices market is segmented into five major regions, including North America, Europe, Latin America, Asia Pacific and Middle East and Africa, out of which, the market in North America is anticipated to reach USD 1108 million by the end of 2028. The market held the largest share of 28.7% in the year 2019 owing to the increasing investments for technological innovations in the region, coupled with increasing prevalence of sinusitis and the favorable initiatives of the government for supporting the development of advanced healthcare devices and equipment.
Rising Preferences for Surgeries that have Fewer Complications
With the advancements in the healthcare industry, there is a growing demand for surgical procedures and equipment that are minimally invasive. Minimally invasive procedures are known to have less complications as compared to conventional surgical methods. These patient-friendly processes are also known to provide less pain and the treatment process can be completed within 45-50 minutes. For the surgery of sinusitis, minimally invasive surgical procedures and equipment are largely preferred nowadays, which is anticipated to drive the growth of the market in the coming years.
However, the risks associated with the surgical process, which include recurrent sinus infections, postoperative infections and others are some of the factors anticipated to hamper the market growth.
This report also provides the existing competitive scenario of some of the key players of the global sinus dilation devices market which includes company profiling of Acclarent, Inc., Stryker (NYSE: SYK), Medtronic (NYSE: MDT), InnAccel Technologies Pvt. Ltd., Meril Life Sciences Pvt. Ltd., Dalent Medical, Smith & Nephew (LON: SN), Intersect ENT, Inc. (NASDAQ: XENT), Olympus America (TYO: 7733), and Coronado Medical. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global sinus dilation devices market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.