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HEALTHCARE & PHARMACEUTICAL

Sinus Dilation Devices Market Segmentation By Product (Balloon Sinuplasty Systems, Rhinoscopes, Sinuscopes, Sinus Stents and Functional Endoscopic sinus Surgery (FESS) Instruments set); By End-User (Hospitals, Specialty clinics and Ambulatory surgical centers (ASCs)) - Global Demand Analysis & Opportunity Outlook 2027

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Extensive insights into the Growth of Sinus Dilation Devices Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Product Overview

Sinusitis is a medical condition caused due to infection of the tissue lining the sinuses. Various symptoms associated with sinusitis include facial pain, fatigue cough or congestion, headache, loss of smell, fever and dental pain. Sinus is responsible for the secretion of mucus. Sinus causes several diseases such as congestion, headache, and inflammation. The sinus dilation devices are the medical devices that are primarily used to expand the nasal passage and are used to treat the sinusitis. Balloon sinuplasty systems are the advanced systems that are used for the treatment of sinusitis.

Market Size and Forecast

The global sinus dilation devices market is anticipated to expand at a CAGR around 8.8% during 2018-2027. It is anticipated to reach around USD 7.1 billion by 2027. The rising incidences of sinusitis among the population coupled with up gradation of technology related to sinus dilation devices are anticipated to boost the global sinus dilation devices market during the forecast period. The global sinus dilation devices market can be segmented on the basis of product, end-user and region. On the basis of product it is sub-segmented into balloon sinuplasty systems, rhinoscopes, sinuscopes, sinus stents and functional endoscopic sinus surgery (FESS) instruments set. Balloon sinuplasty systems are anticipated to lead the product segment over the forecast period. This is attributed to the fact of the advanced technology used in balloon sinuplasty system coupled with rising acceptance of the balloon sinuplasty systems in comparison to the traditional system. On the basis of end-user, it is sub-segmented into hospitals, specialty clinics and ambulatory surgical centers (ASCs). Hospitals are anticipated to lead the end-user segment of the global sinus dilation devices market throughout the forecast period. The increasing pool of the patients suffering from chronic disease coupled with the availability of advanced technology in order to treat the patient is anticipated to be the major factor for the hospitals to lead the end-user segment.

By region, global sinus dilation devices market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America is anticipated to lead the global sinus dilation devices market on the account of the increasing number of the surgical procedures related to sinus which leads to high use of various sinus dilation devices in the region. Asia-Pacific is predicted to grow at the healthy CAGR throughout the forecast period. The rising awareness regarding the sinusitis among the growing population coupled with increasing pool of patient suffering from sinus in the region is anticipated to surge the demand for the sinus dilation devices in the Asia Pacific region.CLICK TO DOWNLOAD FREE SAMPLE

Market Segmentation

Our in-depth analysis segmented the global sinus dilation devices market in the following segments:

By Product:

  • Balloon sinuplasty systems
  • Rhinoscopes
  • Sinuscopes
  • Sinus stents
  • Functional endoscopic sinus surgery (FESS) instruments set

By End-User:

  • Hospitals
  • Specialty clinics
  • Ambulatory surgical centers (ASCs)

By Region

Global sinus dilation devices market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Sinus Dilation Devices Market Graph

Growth Drivers and Challenges

The increasing number of patients suffering from sinusitis is anticipated to boost the demand for the sinus dilation devices during the forecast period. The increasing number of sinusitis patients worldwide is anticipated to provide key opportunities for the market players operating in the global sinus dilation devices market to expand its foothold globally. The increasing demand for the balloon sinuplasty systems on the account of more effective technique in comparison to other systems is anticipated to create high demand among the physicians across the globe. The rising awareness regarding the sinusitis among the population is anticipated to increase the demand for the sinus dilation devices. However, the increasing preference for the drugs among the patients is anticipated to restrict demand for the sinus dilation devices. The lack of skilled healthcare professionals especially in Latin America region is anticipated to restrict the market growth for the global sinus dilation devices market.

Key Players

  • Olympus Corporation
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
  • Acclarent, Inc.
  • Medtronic Plc.
  • Entellus Medical, Inc.
  • Smith & Nephew Plc.
  • SinuSys Corporation
  • Accurate Surgical & Scientific Instruments
  • Sklar Surgical Instruments
  • Intersect ENT, Inc.
  • Bausch & Lomb Incorporated

 


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