Sinus Dilation Devices Market:Highest Revenue Contributor to the Global Healthcare Industry

Sinus Dilation Devices Market by Product and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global sinus dilation devices market was valued at $3,326 million in 2016, and is projected to reach $5,778 million at a CAGR of 8.1% from 2017 to 2023.

Sinusitis is a medical condition wherein inflammation of sinus lining leads to a plugged nose, headache, poor sense of smell, sore throat, and cough. It is caused due to either ostial blockage, bacterial infections, viral infections, or a combination of these conditions. This leads to use of sinus dilation devices during surgical procedures to dilate the sinus openings of a patient's nose.

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The major factors that drive the global sinus dilation devices market are increase in incidence of sinusitis, which may lead to higher sinus surgeries, high adoption of minimally invasive surgical procedures, and technological advancements in sinusitis treatment. However, risks associated with sinus surgical procedures and low adoption of surgical procedures, due to presence of alternative sinusitis-related drugs, are expected to restrain the market growth. Conversely, untapped market potential in the emerging countries, such as China and India, and large investments by key players to develop advanced products are expected to provide lucrative opportunities to the market players.

Key findings of the Sinus Dilation Devices Market:
• The balloon sinuplasty system segment accounted for around three-fifths share of the global sinus dilation devices market in 2016.

• The FESS instruments set segment is expected to grow at a CAGR of 9.3% from 2017 to 2023.

• The hospitals & clinics segment accounted for around three-fourths share in 2016.

• Europe accounted for around one-third share of the global sinus dilation devices market in 2016.

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Analyst Review :

The adoption of sinus dilation devices is expected to increase on account of high incidence of sinusitis, especially chronic sinusitis, and high demand for minimally invasive surgical procedures such as balloon sinuplasty procedure. These surgeries help to expand the blocked sinus and provide relief from the symptoms of sinusitis.

Numerous technological advancements to develop novel sinus dilation devices with lesser side effects and surge in affordability in developing economies are projected to supplement the market growth. However, risks associated with these devices and high preference for sinusitis-related drugs rather than surgeries impede the market growth.

The use of sinus dilation devices is highest in North America, owing to increased awareness about the sinus surgical procedures and heavy expenditure by the government on healthcare, followed by Europe and Asia-Pacific. In addition, sinus dilation devices providers and distributors have focused on expanding their presence in the emerging economies, which is anticipated to drive the market growth.

Key players:

• Acclarent Inc.
• Medtronic Plc.
• Entellus Medical Inc.
• Smith & Nephew Plc.
• SinuSys Corporation
• Olympus Corporation
• Sklar Surgical Instruments
• Accurate Surgical & Scientific Instruments
• Bausch & Lomb Incorporated
• Intersect ENT Inc.

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