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.
Our in-depth analysis segmented the global sinus dilation devices market in the following segments:
Global sinus dilation devices market is further classified on the basis of region as follows:
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.
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