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Functional Endoscopic Sinus Surgery Market Size, Share and Trends Analysis Report 2024-2031
According to the latest research by InsightAce Analytic, the Global Functional Endoscopic Sinus Surgery Market is valued at US$ 1.15 Bn in 2023, and it is expected to reach US$ 1.96 Bn by 2031, with a CAGR of 7.0% during the forecast period of 2024-2031.
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Functional endoscopic sinus surgery is a method that requires very little damage to the body. The need for functional endoscopic sinus surgery is being fueled by the growing need for less intrusive procedures, the likelihood of favourable reimbursement, the increasing knowledge of balloon sinuplasty's benefits over conventional techniques, and the prevalence of chronic sinusitis. In order to boost market growth, cutting-edge surgical techniques are gradually displacing more conventional methods. Furthermore, rising healthcare costs and better infrastructure in the healthcare system are causing the growth of functional endoscopic sinus surgery. The ageing population, prone to sinus-related problems, drives even more demand. While developments in endoscopic technology allow more exact and least intrusive treatments, therefore enhancing market growth, the increasing frequency of chronic sinusitis pushes the need for effective functional endoscopic sinus surgery. The availability of non-surgical alternatives and the scarcity of trained specialists, however, are factors that might limit market growth. Furthermore, a huge step forward in otolaryngology, the use of A.I. in functional endoscopic sinus surgery should lead to safer and more effective operations. Functional endoscopic sinus surgery has been transformed by robotic-assisted technology, which allows for increased precision and control, which will contribute to the expansion of the industry in the coming years.
List of Prominent Players in the Functional Endoscopic Sinus Surgery Market:
• Medtronic plc
• Stryker Corporation
• Olympus Corporation
• B. Braun Melsungen Ag
• KARL STORZ
• Conmed Corporation
• Teleflex Incorporated
• Integra Lifesciences
• Brainlab Ag
• Rudolf Medical Gmbh + Co. Kg
• Atmos Medizintechnik
• Innovia Medical
• Sutter Medizintechnik Gmbh
• RZ Medizintechnik
• Advin Healthcare
• Ecleris
• Henke Sass Wolf
• Jedmed
• Entermed
• Fiagon Gmbh
• Claronav Kolahi Inc.
• Adept Medical
• Medelec Surgical
• Heal Force Bio-Meditech Holdings Limited
• Collin Medical
Market Dynamics:
Drivers-
The growing functional endoscopic sinus surgery market is driven by increased access to modern medical facilities in underdeveloped areas. Better healthcare infrastructure allows more patients to obtain specialized treatments. In addition, improved sinus problem diagnosis and treatment are made possible by the growth in medical technologies and facilities in these areas. Moreover, government projects aiming at improved healthcare services, including subsidies and efforts to improve surgical treatment, are also driving the growth of functional endoscopic sinus surgery.
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Challenges:
The complex procedures and expensive equipment limiting its availability in underdeveloped areas are big problems for the functional endoscopic sinus surgery market. Additionally, expanding the market is challenging due to the scarcity of qualified surgeons who are proficient in cutting-edge endoscopic procedures. Many patients are hesitant to choose functional endoscopic sinus surgery due to the dangers involved with surgery, including the possibility of bleeding, infection, or complications. Another factor that could lead to a decline in the need for functional endoscopic sinus surgery is the proliferation of non-surgical treatments for sinusitis and associated disorders, which is slowing down the market growth.
Regional Trends:
The North American functional endoscopic sinus surgery market is anticipated to report a maximum revenue share. It is projected to grow at a high CAGR in the near future because a greater number of people are being diagnosed with chronic sinusitis, awareness campaigns are becoming more popular, and more money is being made available by the government for healthcare and research and development. Besides, Asia Pacific had a remarkable share of the market due to a well-established healthcare system with strict regulations. Also contributing to market expansion is the availability of advanced products, which is made possible by the existence of significant industry competitors.
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Segmentation of Functional Endoscopic Sinus Surgery Market-
By Product-
• Endoscopes
o Sinuscopes
o Rhinoscopes
• Surgical Instruments
• Navigation Systems
o Optical Navigation Systems
o Electromagnetic Navigation Systems
By Procedure-
• Frontal Sinus Surgery
• Ethmoid Sinus Surgery
• Maxillary Sinus Surgery
• Sphenoid Sinus Surgery
• Others
By Indication-
• Chronic Sinusitis
• Recurrent Sinusitis
• Nasal Polyposis
• Fungal Sinusitis
• Others
By Patient Type-
• Adult Patients
• Pediatric Patient
By End-User-
• Hospitals & Ambulatory Surgery Centres (ASCs)
• Specialty Clinics
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
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