Sinus Dilation Devices Market Trends, Growth Insights And Forecast To 2027

Sinus Dilation Devices Market Trends, Growth Insights And Forecast To 2027

The sinus dilation devices market is poised for robust growth on the back of increasing number of people suffering from sinusitis across the world. A sinus infection is an inflammation of the air cavities within the passages of the nose. In recent years, there has been a major increase in sinusitis patients due to various reasons like allergies, infection, chemical or particulate irritation of the sinuses, and many others.

In fact, as per the NIH (National Institutes of health), around 37 million people in the United States suffer from chronic rhinosinusitis every year. This has led to an increase in demand for sinusitis related treatment across the globe, predominantly creating lucrative growth opportunities for the sinus dilation devices market growth over the forecast period.

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A study conducted by Global Market Insights Inc. suggests that the sinus dilation devices market is expected to exceed USD 3.3 billion by 2026.

n the regional front, China sinus dilation devices market is expected to record significant growth owing to increasing prevalence of chronic sinusitis disorder in the nation. As per the NCBI (National Centre for Biotechnology Information), around 107 million people in China suffer from chronic sinusitis every year. This has led to an increase in demand for sinusitis related treatment in the region.

In addition, increasing patient awareness regarding the availability of advanced treatments coupled with positive healthcare reforms has further accelerated the sinus dilation devices market growth in the nation. On this note, it is expected that China sinus dilation devices will record growth at a rate of over 11.6% over 2020-2026.

Increasing preference for balloon sinus dilation procedures owing to its high efficacy and safety is a key factor expected to boost balloon sinus dilation devices segment market growth. The product has gained significant prominence in the sinusitis treatment landscape due to its numerous benefits such as the reduced risk of post-operative infection, decreased dependence on pain medications, and limited risk of tissue damage or scarring. Besides, favorable reimbursements regarding balloon sinus dilation procedures are likely to further accelerate the adoption of balloon sinus dilation devices over 2020-2026.

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Increasing demand for safe and effective procedures has accelerated the demand for standalone sinus dilation procedures in recent years. These procedures are proven to be effective, safe and a better alternative to FESS (Functional Endoscopic Sinus Surgery), Moreover, patients have started preferring standalone sinus dilation procedures due to its low surgical revision rates with one year follow up. On this note, the standalone sinus dilation procedures segment, which garnered USD 1,372 million in 2019, is expected to witness prominent growth over the ensuing years.

 

Speaking about the competitive landscape, it is imperative to mention that the sinus dilation devices market has a strong presence of significant companies. These industry participants are leveraging numerous organic and inorganic growth strategies such as acquisitions, mergers, and product launches to tap major market share.

Citing an instance to highlight the same, in July 2016, Medtronic announced US FDA clearance of extended indications for its NuVent sinus dilation system. This move helped the company to expand its geographic reach and customer base of sinus dilation devices. Notably, Medtronic, Intersect ENT, Acclarent, InAccel, Medical, dalENT, SinuSys Corporation, Jilin Coronado Medical, Olympus Corporation, Creganna Medical, and Meril Life Sciences are major companies operating in the sinus dilation devices market.

Partial Chapter of the Table of Content

Chapter 2   Executive Summary

2.1    Sinus dilation devices industry 3600 synopsis, 2015 - 2026

2.1.1    Business trends

2.1.2    Product trends

2.1.3    Procedure trends

2.1.4    End-use trends

2.1.5    Regional trends

Chapter 3   Sinus Dilation Devices Industry Insights

3.1    Industry segmentation

3.2    Industry landscape, 2015 – 2026

3.3    Industry impact forces

3.3.1    Growth drivers

3.3.1.1    Increasing prevalence of sinusitis worldwide

3.3.1.2    Technological advancements

3.3.1.3    Rapidly growing geriatric population

3.3.1.4    Favourable reimbursement scenario in developed countries

3.3.2    Industry pitfalls & challenges

3.3.2.1    Lower adoption of sinus dilation devices in underdeveloped countries

3.4    Growth potential analysis

3.4.1    By product

3.4.2    By procedure

3.4.3    By end-use

3.5    COVID-19 impact analysis

3.6    Porter’s analysis

3.7    Competitive landscape, 2019

3.7.1    Competitive matrix analysis

3.8    PESTEL analysis

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