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Sinus Dilation Devices Market by Product, Procedure, Geography – Global Market Size, Share, Development, Growth, and Demand Forecast, 2013–2023
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On the basis of procedure, the sinus dilation devices market is categorized into two types, stand alone and hybrid procedures. The hybrid procedure is expected to register significant growth during the forecast period due to the increasing benefits associated with the sinus surgeries. Sinus dilation devices are used in hospitals and clinics, and ambulatory surgical centers. Of the two categories, hospitals and clinics has been accounting for greater use of these devices.
Increasing prevalence of chronic sinusitis, benefits of balloon sinuplasty/sinus dilation over conventional sinus surgeries, and favorable reimbursement scenario are the major driving factors of the sinus dilation devices market. Chronic sinusitis is a normal condition in which the cavities around the nasal area become inflamed and swollen for at least three months, despite of treatment attempts by the patients.
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According to the Centers for Disease Control and Prevention (CDC), the number of U.S. adults diagnosed with sinusitis was 26.9 million in 2017, constituting around 11% of the U.S. population. Due to the technological advancements, balloon sinuplasty has become a more attractive and a viable surgical option for the treatment of chronic sinusitis. It is safe, effective, and a minimally invasive method with reduced bleeding and recovery time. In addition to this, balloon sinuplasty may also be used with other medical therapies or sinus surgery techniques.
The growing adoption of minimally invasive surgeries and technological advancements in sinusitis treatment are additional factors contributing to the growth of the sinus dilation devices market. However, high risk of sinus surgeries and low adoption of the sinus treatment hampers the growth of the industry.
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According to the American Society of Plastic Surgeons (ASPS), in 2017, around 17.5 million surgical and minimally invasive cosmetic procedures were performed in the U.S. During the forecast period, the market is expected to register the fastest growth in Asia-Pacific. The expected growth can be attributed to the increasing private and public healthcare expenditure and rising chronic sinusitis in developing countries.
Key players in the sinus dilation devices market are introducing new and advanced products for strengthening their market position. For instance, in December 2017, Intersect ENT Inc. announced the U.S. Food and Drug Administration (USFDA) approval for the SINUVA (mometasone furoate) sinus implant, a new targeted approach for treating recurrent nasal polyp disease in patients who have had previous ethmoid sinus surgery. The device expands the sinus cavity and delivers an anti-inflammatory steroid directly to the site of polyp disease for 90 days.
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