Sinus Dilation Devices Market Trends, Demand Growth Revenue Analysis Report to 2031

Global Sinus Dilation Devices Market Outlook 2031

The global sinus dilation devices market was valued at US$ 2.4 Bn in 2021

The global market is projected to grow at a CAGR of 7.2% from 2022 to 2031

The global sinus dilation devices market is anticipated to reach US$ 4.7 Bn by 2031

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Overview of Global Sinus Dilation Devices Market

Sinus dilation devices or sinus dilation equipment are used during sinus surgeries to open up the affected area or the sinus such as the nose. Sinus dilation is the process of opening up the blocked sinus passages, enabling adequate drainage and airflow. Sinus dilation products can be defined as systems employed in performing sinus dilation. Sinus dilation surgeries are minimally invasive procedures and have long-lasting effects, which help a sinus suffering patient to heal almost completely.

Rise in Prevalence of Sinusitis Due to Smoking and Pollution to Drive Sinus Dilation Devices Market

Sinusitis is the swelling or inflammation of the tissue lining the sinuses. The global annual prevalence of sinusitis has been rising owing to an increase in levels of pollution. Various sinus therapeutic drugs are used for the treatment of sinusitis, which in turn is likely to boost the growth of the global market. The surge in the number of people addicted to smoking and an increase in levels of pollution globally lead to a rise in the number of people suffering from sinusitis. This is projected to drive demand for sinus dilation devices that aid in the treatment of sinusitis, which in turn is anticipated to augment the global sinus dilation devices market during the forecast period.

In terms of patient type, the global sinus dilation devices market has been categorized into adult and pediatric. The adult segment dominated the global sinus dilation devices market in 2021, accounting for around 85% share. The segment is projected to grow at the fastest CAGR during the forecast period. The adult segment is propelled by an increase in the geriatric population and the high prevalence of chronic sinusitis in adults. The prevalence of chronic sinusitis is anticipated to be around 17% of the total adult population in the U.S.

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Growing Inclination for Balloon Sinuplasty Due to Advantages of Faster Recovery Time and Cost Savings

In terms of product, the global sinus dilation devices market has been classified into balloon sinus dilation devices, sinus stents, endoscopy, FESS instruments, and others. The endoscopy segment has been split into sinuscopes and rhinoscopes. The balloon sinus dilation devices segment dominated the global sinus dilation devices market in 2021, accounting for a 48.3% share. There is an increasing demand for balloon sinus dilation devices to perform balloon sinus dilation procedures. The global sinus dilation devices market is driven by the advantages offered by balloon sinus dilation devices such as being less invasive than traditional sinus irrigation systems and a rise in the prevalence of chronic sinusitis. Hence, the trend is expected to continue during the forecast period.

The advantages of balloon sinus dilation procedures include less risk of tissue or structure damage, high success rates, reduced need for post-operative medication, faster recovery time, short hospital stay, low risk of bleeding, and reduced risk of scarring. Balloon sinus dilation procedure also offers cost savings to patients and insurance providers. The procedure carried out with the use of a sinus balloon dilation system helps patients to be relieved from chronic sinusitis by preserving and restoring the patient's normal sinus anatomy.

Rise in Standalone Procedures to Drive Demand for Sinus Dilation Devices

Based on procedure, the global sinus dilation devices market has been bifurcated into standalone and hybrid. The standalone segment held a key market share of around 72% in 2021, and the trend is likely to continue during the forecast period. The segment is driven by the rise in the number of standalone procedures being performed for the treatment of sinuses. The most widely performed standalone sinus procedures include FESS and balloon sinus ostial dilation procedures.

Increase in Adoption of Sinus Dilation Devices Due to Rise in In-office Surgeries

Based on end-user, the global market has been divided into hospitals, ambulatory surgical centers, and ENT clinics. The hospitals segment dominated the global sinus dilation devices market in 2021, accounting for around 58% share. The segment ENT clinics segment is expected to grow at the fastest CAGR during the forecast period. Growth of the segment can be attributed to a paradigm shift toward surgeries performed in-office over surgeries performed in operation theatres.

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Regional Outlook of Global Sinus Dilation Devices Market

North America accounted for the largest share of around 38.44% of the global sinus dilation devices market in 2021. Leading players in the market are aiding in the easy and rapid availability of instruments required for sinus surgeries. Moreover, strategic mergers and partnerships among players boost the growth of the market in North America.

The Asia Pacific held about 25.27% share of the global market in 2021. The market in the region is likely to grow at a rapid pace due to an increase in the geriatric population, a rise in pollution contributing to an increase in sinus infections, and a surge in the focus of market players on untapped market opportunities in the region.

Europe held a significant share of the global market in 2021 compared to Latin America and Middle East & Africa. However, the market in Latin America is projected to grow at a faster CAGR during the forecast period than Middle East & Africa.

Analysis of Key Players in Global Sinus Dilation Devices Market

The sinus dilation devices market report concludes with the company profiles section, which includes key information about key players. Leading players in the global sinus dilation devices market include Medtronic plc, Smith & Nephew plc, Olympus Corporation, KARL STORZ SE & Co. KG, Acclarent, Inc. (Johnson & Johnson), Entellus Medical, Inc. (Stryker), Intersect ENT, Inc., SinuSys Corporation, Meril Life Sciences Pvt. Ltd., and Dalent LLC.

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Each of these players has been profiled in the sinus dilation devices market report based on parameters such as company overview, financial overview, business strategies, application portfolio, business segments, and recent developments.

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