Sinus Dilation Devices Market is Expected to Thrive at Impressive CAGR by 2025 & Top Key Players are Acclarent, Entellus Medical, dalENT Medical, Medtronic, Intersect ENT, SinuSys Corporation, InAccel, Olympus Corporation, Jilin Coronado Medical, Meril Li
Hybrid sinus dilation procedures is anticipated to experience 9.1% CAGR by 2025. Hybrid sinus dilation procedure, a combination of functional endoscopic sinus surgery (FESS) with standalone sinus dilation facilitates procedural performance. High success rate of these procedures along with its benefits over conventional sinus procedures will contribute to the segmental growth.
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U.S. sinus dilation devices market dominated the North America region with more than 90% revenue share in 2018. The growth is attributed to rising incidence of sinusitis in the U.S. and high patient demand for technologically advanced products. Well-established healthcare infrastructure coupled with fair reimbursement policies will boost business growth during the forthcoming years.
Sinus Dilation Devices Market will exceed USD 3 billion by 2025; as per a new research report. Escalating demand for advanced sinus dilation devices in patients with chronic sinusitis is the key impact rendering factor that drives the business growth. According to the Center of Disease Control and Prevention, more than 30.5 million people in the U.S. were suffering from sinusitis in 2017.
Changing lifestyle, comorbid diseases and environmental factors may further surge the
number of people suffering from sinusitis thereby increasing the demand for sinus dilation procedures. Moreover, growing patient preference towards minimally invasive procedures will favor the sinus dilation devices market growth.
Geriatric population base prone to various diseases due to structural and functional changes will render positive impact on the business growth over the forecast period. Focus of companies on development of novel and advanced devices will boost the industry growth. Furthermore, favorable reimbursement scenario in developed countries coupled with well-developed healthcare infrastructure will surge the adoption of these procedures. However, low adoption of sinus surgeries in underdeveloped countries owing to high costs and availability of sinus drugs may impede sinus dilation devices industry growth over the coming years.
Sinus implants segment was valued at USD 279.2 million in 2018 and is projected to grow significantly during the forecast timeline. Continuous innovations and technological improvements in sinus dilation devices will foster the industry growth. Increasing focus of companies such as Intersect ENT on development of advanced devices that improve post-surgical result will positively impact the segment growth.
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Some of the prominent business players operating in sinus dilation devices market include Acclarent, Entellus Medical, dalENT Medical, Medtronic, Intersect ENT, SinuSys Corporation, InAccel, Olympus Corporation, Jilin Coronado Medical, Meril Life Sciences and Creganna Medical. Industry competitors are mainly focusing on inorganic strategies such as partnerships, merger and acquisitions to escalate their market position as well as strengthen product portfolio.
China sinus dilation devices accounted for considerable revenue share in 2018 and is estimated to witness lucrative CAGR of 11.6% over the forecast period. Large patient base prone to chronic diseases, increasing patient awareness regarding advanced treatments and rising healthcare expenditures in the country will drive the business growth. Moreover, healthcare reforms in the country will further accelerate the sinus dilation devices market growth.
Table of content:
Chapter 1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
184.108.40.206. Paid sources
220.127.116.11. Unpaid sources
Chapter 2. Executive Summary
2.1. Sinus dilation devices industry 360 degree synopsis, 2014 - 2025
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, 2014 - 2025
3.3. Industry impact forces
3.3.1. Growth drivers
18.104.22.168. Increasing prevalence of sinusitis worldwide
22.214.171.124. Technological advancements
126.96.36.199. Rapidly growing geriatric population
188.8.131.52. Favorable reimbursement scenario in developed countries
3.3.2. Industry pitfalls and challenges
184.108.40.206. 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. Porter's analysis
3.6. Competitive landscape, 2017
3.6.1. Strategy dashboard
3.7. PESTEL analysis
Chapter 4. Sinus Dilation Devices Market, By Product
4.1. Key segment trends
4.2. Balloon sinus dilation devices
4.2.1. Market size, by region, 2014 - 2025
4.3. Sinus implants
4.3.1. Market size, by region, 2014 - 2025
4.4. Handheld instruments
4.4.1. Market size, by region, 2014 - 2025
4.5.1. Market size, by region, 2014 - 2025
4.6.1. Market size, by region, 2014 - 2025
Chapter 5. Sinus Dilation Devices Market, By Procedure
5.1. Key segment trends
5.2. Standalone sinus dilation procedures
5.2.1. Market size, by region, 2014 - 2025
5.3. Hybrid sinus dilation procedures
5.3.1. Market size, by region, 2014 - 2025
Chapter 6. Sinus Dilation Devices Market, By End-use
6.1. Key segment trends
6.2.1. Market size, by region, 2014 - 2025
Global Sinus Dilation Devices Market Growth 2019-2024
Chronic sinusitis affects more than 31 million people in the United States. It is more prevalent than heart disease and asthma and has a greater impact on patients? quality of life than chronic back pain or congestive heart failure. The majority of patients with chronic sinusitis are treated with oral antibiotics and/or nasal steroids, which can increase the risk of antibiotic resistance and cause unwanted side effects such as epistaxis (nose bleeds), nasal ulcers, and nasal and oral infections. The most effective treatments are Functional Endoscopic Sinus Surgery (FESS) and balloon dilation at high pressures, which are known to cause significant patient discomfort and are conducted in a surgical suite under general anesthesia or IV sedation.
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